The mechanism of market coupling will ensure buy and sell bids from all power exchanges in India will be aggregated and matched, in order to discover a uniform clearing price, which will result in only one price for the electricity that is to be traded through power exchanges.
This will be the first time in history that the Himalayan nation will sell electricity to a third country other than India.
In an interview with PTI, the company's chairman and managing director was extremely bullish about the growth prospects in the current fiscal, buoyed by the operational performance in the first quarter.
Singh said that market coupling is crucial for other exchanges to increase their market share.
In the present scenario, buyers and sellers at each exchange do trading of electricity and discover spot price separately at these exchanges. After coupling of exchanges, the price discovery would be uniform.
The government wants to increase the share of the electricity market in India, senior officials told Moneycontrol. in 2022-23, the total traded volume in the Indian electricity market was 1,02,276 million units (MU), which is only a small portion of the energy generated from all sources (including RE) of 16,24,465 MU.
Torrent Power owns 100 per cent equity in the TU14.
Data analysed by Moneycontrol showed that between April 1 to April 23, the daily peak demand breached the 200 GW mark on 9 days. With the rise in the overall demand, trade volumes in the power exchanges have also increased, with hourly peak prices touching the cap of Rs 10 per kilowatt hour every day on the energy bourses.
Till date, SECI has awarded renewable energy project capacities of over 56 GW.
The company is ideal for risk-averse long-term investors, who want steady cash flow of a debt instrument but want to neither invest in debt nor take excessive risks of investing in equity.
Power trading solutions provider hopes to maintian volume growth at around 25-30% for FY12 on the back of various projects which are expected to add volumes in the long-term and short-term.
Driven by robust Jan-March quarter results, the state-run Power Trading Corporation (PTC) stock price experieced nearly 5% surge to Rs 88.45 in the morning trade on Tuesday.