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Plans for power trade exchange on the anvil - Views on News from Equitymaster
 
 
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  • Nov 16, 1999

    Plans for power trade exchange on the anvil

    The government is weighing the option of converting Power Trading Corporation (PTC) into a stock exchange for power and the creation of wholesale and regional markets for power. This was reported by a leading business daily.

    The power secretary V. K. Pandit revealed that states would be allowed to bid for power at the exchange depending upon their daily requirement. He also disclosed plans to set up regional and wholesale markets for power and buying power from PTC on a spot basis, which will culminate in the formation of the exchange. However, the reforms would take five years to crystallise.

    The power exchange is a novel concept that will allow states to fill in short-term power deficit by purchasing power from the exchange. However, as this will involve a bidding process with participation from several states, the cost of power could be on the higher side. Given the poor financial condition of a majority of the states at present, the viability of such an exchange is suspect.

     

     

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