The country’s first power trading exchange, India Energy Exchange (IEX), will be up and running in the next 15 days. The project was earlier expected to be operational before the end of last fiscal but was later delayed. Mock drills have been carried out to eliminate anomalies in the system.
India Energy Exchange (IEX) is being promoted by Financial Technologies (India) Ltd and PTC India Ltd, with Reliance Energy, Tata Power Company, Lanco Infratech, Adani Enterprises, REC, and Infrastructure Development Finance Company (IDFC) being the other shareholders in it.