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Anil Sasi

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New Delhi, July 13 Private sector players are beginning to flex their muscles in the newly opened power trading business.

Led by Lanco Electric Utility, Tata Power, JSW Power Trading and Adani Exports, private players are triggering a shake-up in the inter-State power trading market, cumulatively garnering over 50 per cent market share in the January-March quarter this year.

This is against 44 per cent and 28 per cent during the preceding two quarters, according to latest Government estimates.

Power trading pioneer and market leader, PTC India Ltd, and its State-owned counterpart, NTPC Vidyut Vyapar Nigam Ltd, have cumulatively seen a shrinkage in market share during the last three quarters.

In fact, NTPC Vidyut Vyapar Nigam — the electricity trading arm of generation major NTPC Ltd — has also managed to increase trading volumes and is closing in on market leader PTC India Ltd, with both players trading nearly similar volumes of electricity during the January-March quarter this year.

Lanco Electric Utility Ltd, Tata Power Trading Company, JSW Power Trading and Reliance Energy are among the private firms that have progressively increased their market share over the last three quarters.

Karamchand Thapar & Bros Ltd, Visa Power Ltd, Kalyani Power Development and Patni Projects are the other private players in the fray for a chunk of the power trading pie.

“New entrants in the power trading business, led by NTPC Vidyut Vyapar and private sector players, have been increasing their market share even as trading volumes have come under pressure in the recent quarters,” a senior Central Electricity Regulatory Commission (CERC) official told Business Line.

The total traded volume during the January-March quarter this year was 3,803 million units (MU), down from 5,218 MU during October-December 2007 and 7,227 MU July-September 2007.

Currently, inter-regional power transfer capacity of slightly over 6,000 MW is available in the country, which is expected to increase to about 9,500 MW in the coming years, according to Government estimates.

Short-term power trading or trading on daily requirement accounts for about 15 per cent of the total power trading volumes on an average.

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