The central government has relaxed the cross-border power trading norms. The earlier cross-border power trading guidelines, issued by the MoP in 2016, allowed cross-border trade only through the term-ahead market and not the day-ahead market. The latest guidelines for cross-border electricity trade have removed this condition. However, foreign entities will be required to participate in power exchanges only through Indian power trading entities. Further, the government has repealed an earlier provision, which stated that only companies fully owned by the governments of the concerned countries and those having at least 51 per cent equity investment of Indian public or private companies could export power to the Indian market after obtaining one-time approval from the designated authority in India.