NTPC plans to buy stake in PXIL

NTPC Limited is planning to acquire around 5 per cent stake in Power Exchange India Limited (PXIL).

NTPC Vidyut Vyapar Nigam Limited (NVVN), an NTPC subsidiary, is a trader member of PXIL. According to the Central Electricity Regulatory Commission (CERC), a trading member of the power exchange can have a maximum of 5 per cent shareholding in the power exchange, whereas a non-member can own up to 25 per cent. This acquisition is a fresh attempt by NTPC at getting a foothold in the Indian power exchange business after its initial plans to set up National Power Exchange did not materialise. Going forward, NTPC plans to invest Rs 1 trillion between 2019 and 2024 to become a 130 GW power producer by 2032.

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