Commodity Online
MUMBAI : India’s first power exchange, Indian Energy Exchange (IEX), completed its first year of successful operations notching up transaction of more than 37,35,000 mega watts hours of electricity.

IEX completed its first successful year of operations on 26th June, 2009. Union power minister Sushil Kumar Shinde attended a function here organized to mark the occasion.



IEX is the 1st implemented and successful exchange on PPP model with over 90% of market share with key shareholders as Financial Technologies (India) Ltd, Power Trading Corporation India Ltd, (PTC), Adani Enterprises, Infrastructure Development Finance Company (IDFC), Lanco Infratech, Reliance Infrastructure Ltd., Rural Electrification Corporation (REC), Tata Power and Jindal Power Ltd.

The prices at IEX touched an all time high of Rs 15/unit (kWh) in Pre-election period and rates went as low as 13 paisa/unit (kWh) in June’09.

IEX participation touched 150 number of members & clients which itself is a milestone toreckon with. Discoms (37), generators (37), Trading licensees (14), CPPs (48), IPPs, cogeneration plants and wind generators from 23 states & 3 union territories have
converged on IEX platform for better management of their energy portfolio.

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