NTPC plans to acquire 5% equity stake in PXIL

04 Jan 2022 CW Team

Energy major NTPC is planning to acquire a 5% equity stake in Power Exchange of India Ltd (PXIL) that renders different electricity trading options, a senior authority told the media.

The PXIL is the nation's first institutionally promoted power exchange, which has been rendering several electricity trading solutions and linking buyers and sellers since 2008.

A senior authority told the media that NTPC has plans "to purchase up to 5% equity stake in PXIL. The decision has been taken considering the government's aim to boost the share market to 25% of the total electricity supply in India by 2023-24. NTPC cannot acquire over a 5% equity stake in the PXIL as it could additionally be a seller or buyer on the trading platform.

The government plans to raise the share of the spot power market in the total electricity supply in the nation to 25% by 2023-24. It is expected to be part of the draft National Electricity Policy (NEP). An expert group appointed by the Power Ministry has suggested developing the size of short-term power trading from about 5% presently to 25% by 2023-24. The power ministry is reportedly vetting the suggestion of the expert panel submitted in October 2021.

As per the Central Electricity Regulatory Commission (CERC), the share of the short-term market is estimated to be 10% of the total electricity acquired in 2019-20. The remaining 90% of the total power supply was acquired primarily by discoms through long-term contracts and short-term intra-state deals.

As per the industry data, short-term trading is about 14-15% of the total power supply in India, and most of that is bilateral PPAs (power purchase agreements) while the exchange trading is 5%. Government plans to boost this 5% to 25% by 2023-24.

Infrastructure Transport

15 May 2025

Mumbai-Ahmedabad Bullet Train Set to Launch by 2028

India鈥檚 first bullet train is set to revolutionize high-speed travel along the western corridor, with the Mumbai-Ahmedabad high-speed rail project aiming for a 2028 launch. This announcement marks a major milestone in India鈥檚 infrastructure goals, as it promises to reduce travel time between the two economic hubs from eight hours to just three.Spanning a planned 508-kilometre stretch, the corridor stands as a flagship example of Indo-Japanese collaboration in technology and engineering. Once operational, the train is expected to transform intercity mobility and place India among the select..

Infrastructure Transport

15 May 2025

Mumbai-Gandhinagar Train Service Enhances Passenger Capacity

The Mumbai Central鈥揋andhinagar Capital Vande Bharat Express has increased its passenger capacity by adding four additional AC chair car coaches to meet the growing commuter demand on one of India鈥檚 busiest business corridors. This upgrade, effective from 11 May, raised the train鈥檚 seating capacity from 1,128 to 1,440 passengers, allowing it to serve 936 more passengers daily in both directions. The increase was described as a practical measure to accommodate the surging demand on the busy Mumbai鈥揂hmedabad鈥揋andhinagar route, which regularly operates at over 150 percent seat occupancy...

Infrastructure Urban

15 May 2025

Delhi Plans 12 Sewage Plants to Clean Najafgarh Drain Efficiently

Delhi鈥檚 ambitious plan to improve the water quality of the Yamuna River has gained significant momentum as the Delhi Jal Board (DJB) has begun work on 12 new sewage treatment plants (STPs) aimed at reducing the volume of untreated sewage being discharged from the Najafgarh Drain.This initiative forms part of the ongoing efforts to clean the Yamuna and restore the river鈥檚 health, which has long been a critical environmental issue for the national capital. Given the alarming pollution levels in the Yamuna, experts and officials consider this project a vital step toward addressing the persist..