The Electricity Act 2003 recognized power trading as a distinct activity from generation, transmission and distribution.
The power trading market in India has high growth potential and is expected to grow significantly in coming years
- Private players are adding significant amount of generation capacity to be sold on a merchant basis
- Implementation of open access in transmission and distribution will facilitate trading and enable direct sales to large consumers
- Strengthening of inter-regional transmission links is expected to remove transmission constrains
- 100% FDI in power trading likely to result in entry of experienced foreign players and enhance maturity in the market
Keeping pace with the growing Indian power trading market Greenko has secured a category "A" inter-state trading license for trading in whole of India except Jammu & Kashmir.
This will enable the Group to negotiate direct power supply to end customers and enter into short-term supply contracts, both of which tend to command higher tariffs. Also Greenko is currently in the process of working with companies and business houses that are committed to buying the green power to reduce their carbon footprint.
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