NTPC eyes 5% in Power Exchange

NEW DELHI: State-run power giant NTPC is looking at acquiring a 5% equity stake in Power Exchange of India (PXIL) that provides various electricity trading options, a senior official said.
PXIL is India’s first institutionally promoted power exchange, which has been providing various electricity trading solutions and connecting buyers as well sellers since 2008. A senior official said that NTPC has plans “to buy up to 5% equity stake in PXIL. This decision has been taken in view of the government’s intention to increase the share market to 25% of total electricity supply in India by 2023-24”.