Manikaran Power becomes the first member to tie up with IGX

Manikaran Power Ltd (MPL) has become the first member of India’s first gas trading platform which is called the Indian Gas Exchange (IGX). IGX is a part of Indian Energy Exchange (IEX). IGX commenced its membership drive in February this year. MPL which is already trading member in IEX is the first to join hands with IGX. MPL provides an electronic platform for trading of power at Indian Energy Exchange and Power Exchange India Limited, documentation and assistance in bilateral trading of power, REC trading and group captive. Its website states that it has close to 2,000 clients in both power trading and RECs.

Indian Gas Exchange Ltd. (IGX) is India’s first automated national level trading platform to promote and sustain an efficient and robust Gas market and to foster gas trading in the country.

Important takeaways for all competitive exams:

  • MD and CEO of India Energy Exchange: Rajiv Srivastava.
  • Headquarters of India Energy Exchange: New Delhi.
  • India Energy Exchange founded: 2008.

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