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NVVN Acquires 5% stake in Power Exchange of India

NTPC Vidyut Vyapar Nigam (NVVN) a wholly-owned subsidiary of NTPC Ltd. has announced acquisition of 5% stake in Power Exchange of India (PXIL).

NVVN was formed by NTPC in 2002 to tap the potential of power trading in the country. PXIL is India’s first institutionally-promoted power exchange, promoted by NSE Investment Ltd & NCDEX, and has been providing trading solutions since 2008.

Power exchange provides a platform for buyers and sellers of electricity to enter into spot contracts for the same day, coming day, and on a weekly basis up to 11 days.