News from The Hindu
Tata Power has set up a subsidiary called Tata Power Trading Company Ltd, which has obtained power trading license from Central Electricity Regulatory Commission (CERC), and will indulge in trading of surplus power of State electricity boards, captive power plants and generating companies as also the power output of merchant power plants.
Power Trading Corporation (PTC), a company promoted by NTPC and other state and central power utilities is already in the business of trading in power, has also applied to CERC for inter-state trading license. Reliance Energy is also expected to get into this area, as could be a few other private players.
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