PTC gets nod from CERC to set up third power exchange

The Central Electricity Regulatory Commission (CERC) has approved setting up of a third power exchange platform in the country, promoted by PTC India along with BSE Investments and ICICI Bank.

Pranurja Solutions Limited, a company promoted by the three players to set up the power exchange, will be the country’s third after IEX and PXIL. The CERChas asked PTC India to comply with power market regulations before the regulator grants registration. In 2019, Pranurja Solutions applied for grant of registration to CERC. PTC India and BSE Investment hold 25 per cent each in Pranurja, followed by 9.9 per cent held by ICICI bank. Other shareholders are Greenko Energies (5 per cent), Jindal Power (2 per cent), Meenakshi Power (5 per cent), and six others.