State owned power firm, NTPC Limited has sought approval from Central Electricity Regulatory Commission (CERC) for its proposed power trading exchange to be set up in Delhi. Commodity bourse National Commodity and Derivatives Exchange (NCDEX) and hydro power major National Hydroelectric Power Corporation (NHPC) have given in principle nod to act as promoters in the new trading company, NTPC said in its release.
Apart from NHPC and NCDEX, some other major stakeholders are expected to join as promoters for the proposed exchange, which would operate as a separate company, the note said. Other partners for the exchange may include Power Grid Corporation of India Ltd and Power Finance Corporation,sources said. The exchange would be set up at a cost of about Rs Rs 15-20 crore.
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