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NTPC, plans to tie-up with other state-run and private firms to launch a second power exchange in the next six months. Exchanges allow producers to enter into contracts ahead of power generation and trade estimated surpluses. A joint venture will be formed shortly and it should be fully functional in the next six months.
National Hydroelectric Power Corp, Power Finance Corp and NTPC would together own a 50 per cent stake in the new firm. The National stock Exchange (NSE), National Commodity and Derivatives Exchange and others will own the remainder.
The government plans to expand thermal and hydroelectric projects, which account for the bulk of the energy supplies, and hopes to boost energy efficiency to keep the insatiable demand for energy below economic expansion
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| Posted : 2/27/2008 |
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