Due to policy hurdles and adverse market conditions for trading platforms, NTPC has reportedly decided to exit the proposed third power trading exchange which facilitated to revive many sick units across the country by providing them cheaper electricity. The company board is expected to take a final call on the issue in its ensuing board meeting on December 28.
Indian power exchange once well-known for its assured electricity supply and market determined prices, are in doldrums with just one of the two power exchanges making profit.
NTPC is the largest power generating company in the country. It has also diversified into hydro power, coal mining, power equipment manufacturing, oil & gas exploration, power trading & distribution.
