State-owned power generation company NTPC Ltd. is set to acquire a 5 per cent equity stake in Power Exchange of India Ltd (PXIL). It must be noted that the government is planning to expand the share of the spot power market in the total electricity supply in India to 25 per cent by 2023-24. At present, the size of short-term power trading is about 5 per cent.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
About Power Exchange of India Ltd:
Some places on Earth experience extreme cold that seems almost impossible to survive. In these…
For the first time since Independence, India is preparing to systematically measure household incomes and…
The Earth is a big and fascinating place, made up of large land areas called…
Reserve Bank of India has advanced its scheduled Open Market Operation (OMO) purchases. The central…
In a move reflecting India’s growing climate risks, the Reserve Bank of India has proposed…
Indian Railways has taken a major step towards smart and technology-driven railway stations. On January…