- New Delhi, 7th December 2018: Global PE funds eye green energy business of IL & FS
- New Delhi, 7th December 2018: Rural electrification in full swing, connecting 7 lakh homes a week
- New Delhi, 7th December 2018: NHPC to acquire 500 MW Lanco Teesta project for around Rs 900 crore
- New Delhi, 7th December 2018: Cabinet approves pact with France for energy efficiency and conservation
- New Delhi, 6th December 2018: Companies Cabinet approves REC takeover by PFC
- New Delhi, 6th December 2018: As solar industry booms, time to start thinking about recycling
- Bengaluru, 6th December 2018: SB Energy and Adani Green win 840 MW at hybrid auction
- New Delhi, 6th December 2018: Bihar CM inspects solar power plants in West Champaran villages
- New Delhi, 6th December 2018: MNRE to seek cabinet nod soon for rooftop solar scheme SRISTI
A transaction for exchange of energy (MWh) between a specified buyer and a specified seller, directly or through a trading licensee or discovered at Power Exchange through anonymous bidding, from a specified point of injection to a specified point of drawl for a fixed or varying quantum of power (MW) for any time period during a month.
Electricity Act 2003 has distinguished "Power Trading" as a separate licensed activity with the objective of developing power market in India to maximize resource utilization by promoting healthy competition among power players. For this reason, Power Trading is referred to as "purchase of electricity for resale thereof". CERC/SERCs have prescribed stringent "non discriminatory open access" regulations and have also granted Inter-State Trading Licensees to 45 companies (as on July 2009). CTU/STUs have also defined detailed open access procedures to promote power trading operations in the country. The demand supply gap among various utilities during day and month provides opportunities for power trading. With tightening of grid discipline by CERC regulation, the utilities are persuaded to plan their demand supply gap in advance. This provides power trading a huge potential for growth.
MPL provides solution for sale and purchase of power from CPPs, IPPs and State Utilities/ Discoms on Intra Day, Day Ahead, Week Ahead and Month Ahead basis. MPL facilitates open access through SLDC/RLDC and communicates with all concerned. Commercial settlement is done through established practices involving weekly provisional bills and monthly bills based on Regional Energy Account (REA) prepared by Regional Power Committees (RPC).
MPL ensures timely payment for every transaction including energy and transmission charges as per the contract terms. Our payment track record shows our commitment for transparency and timely settlement of accounts.
MPL has carved a niche for itself in the short duration of its operations in India's dynamic power market. MPL takes active interest in establishing a sound business relationship with its clientele for sale of its surplus power and to provide assistance in case of particular power requirement need during any time of the day. MPL is adept at providing a wide range of services to its clients vide Sale/Purchase of power through Short/medium term trades, bilateral contracts, Banking/Swap method and through Power Exchanges.