Solid foundations?

In a recent landmark step, India's power regulator has given 'in principle' go-ahead to the setting up of a power exchange in India. However, there is discomfort amongst potential participants over some of the regulator's plans. Rakesh Singh of Wipro Technologies assesses the plans and the likelihood of success

Indian power trading could be about to enter a new phase with the recent regulatory approval of the country's first power exchange. India's power regulator, Central Electricity Regulatory Commission (CERC), announced 'in principle' approval in September for the creation of a power exchange by Indian Energy Exchange Ltd (IEX), a company promoted by Financial Technology (India) Limited (FTIL) and Multi Commodity Exchange of India Limited (MCX).1

However, there is much unease amongst power market

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