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Financial Technologies- Indian energy exchange (IEX)
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CORPORATE OVERVIEW
IEX -  Indian energy exchange
(www.iexindia.com)
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LEADERSHIP
bullet IEX India's first power exchange commenced operations on June 27, 2008
bullet Received approval from CERC (Central Electricity Regulatory Commission) to set-up and commence operations
bullet Recorded highest turnover of Rs. 188 million on October 08, 2008
bullet Highest number of contracts traded –21,450 MWh on Nov 02, 2008
   
PRODUCTS & SERVICES
bullet “Day Ahead Market” contracts in electricity
bullet Proposes to offer other forward products on a week-ahead and month-ahead basis in the near future
   
GROWTH TRAJECTORY
bullet Total number of contracts traded –1,766,628 as on December 31, 2008
bullet 12,824 MWh average daily volumes for month of October - December, 2008
   
GROWTH DRIVERS
bullet Estimated physical market of power trading in India is 3% i.e. US$ 1,875 million of the total volume of US$ 62,500 million
bullet Currently short term trading in India – 3% of the total energy market vs. 10-40% globally
bullet Short term market size worth Rs. 7200 cr. In FY 2006-07, and expected to increase about Rs. 40000 cr. In coming five years
bullet Emergence of merchant power plants, as they are not bound by long term PPAs and are likely to trade significantly on the exchange
bullet Launch of other products like OTC clearing and forward contracts, week-ahead, month-ahead and other transactions
bullet Plans to provide platform for adjustment market (hour-ahead) which will help participants to hedge against UI (Unscheduled Interchange) charges
   
SHAREHOLDERS
bullet PTC India Limited
bullet Financial Technologies
bullet Tata Power
bullet IDFC
bullet Reliance Energy
bullet Rural Electrification Corporation (REC)
bullet Adani Enterprises
bullet Lanco Infratech Limited
   
POTENTIAL
bullet Week - ahead Contract
bullet Month - ahead Contract
   
  www.iexindia.com
 
 
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