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Lok Sabha
An initiative has been taken to examine various issues related to feasibility of wholesale power exchange at national level in India and to develop a Detailed Project Report for the same through a consortium of consultants namely, M/s CRISIL and M/s NordPool Consulting Norway.
In this regard, a Core-Team (with representatives from Ministry of Power, Central Electricity Authority (CEA), POWERGRID, NTPC and Power Trading Corporation of India Ltd. (PTC) has been constituted to interact with the consultants.
A team of representatives from Ministry of Power, CEA, POWERGRID, NTPC and PTC visited Norway, Netherlands, Canada, USA and Australia in the first fortnight of April, 2005 to study power markets in these countries.
The visit has helped in the study of distinctive features of the various markets visited and identification of key issues to be addressed in the development of an appropriate model for a power exchange in India, which will provide a transparent and neutral platform for promoting competition in supply of electricity at wholesale level and thus improving efficiency in power sector.
The above information was given by the Union Minister of Power, Shri P.M.Sayeed in a written reply to a question in the Lok Sabha today.
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