Indian Energy Exchange (IEX), Indias first pan-Indian neutral and transparent Power Exchange co-promoted by Financial Technologies Group (FTIL) and Power Trading Corporation (PTC), launched its first membership drive across the country. The other strategic joint equity partners of IEX are Adani, IDFC, Lanco Infratech, REC, Reliance Energy Lrd and Tata Power. The membership drive is being conducted across key cities of Mumbai, Delhi, Hyderabad, Gurwhati and Kokata. Inaugurating the first membership drive in Mumbai, Joseph Massey, director, IEX, said, "The energy exchange has been set up in accordance with the policy of the Government and after taking into consideration the nationwide demand supply mismatch and the need for a transparent and neutral trading platform which will allow surplus regions and players to trade their power at most optimal price with all small and large buyers at national level. The strong, dynamic and transparent price signal from the exchange will encourage market participants to use this mechanism to produce/sell power specifically for the short term as in developed countries. This will also result in better capacity utilization of carious power plants and enable establishment of merchant power plants.
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| Posted : 2/27/2008 |
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