POWER

Greenko, Lord Dholakia, Jindal Power may invest in country’s new power exchange

Power trader PTC India is set to tie up with global investors and private equity firms such Greenko Energies, Tollman International Varanium Capital (5 per cent), and Lord Dholakia as part of its plan to set up country’s third power exchange.

Sources in the company said that Pranurja Solutions Ltd, a company promoted by BSE, PTC Ltd and ICICI Bank is in talks with various global and Indian investors for equity participation in the proposed power exchange.

“The investment participation is expected to be finalised by next month after which reworked application would be made by Pranuja for power exchanges licence with Central Electricity Regulatory Commission (CERC),” company sources said.

CERC has approved the application of Pranurja to set up a power exchange, which will be the country’s third after IEX and PXIL

Source
ET Energy World
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