Hindustan Power

Hindustan Power Exchange crosses 5 bn units trade in 11 months of launch

Hindustan Power Exchange (HPX) on Thursday announced that its has crossed the milestone of five Billion Units (BU) of power traded within 11 months of its launch. HPX was able to cross this landmark amid a rapid increase in trading volume across contingency and long duration contracts (LDC) segments, a HPX statement said. The strong growth in members/client base and trading volumes demonstrate the trust and support the platform has been able to garner from power sector participants, it stated. HPX is a new-age power exchange promoted by PTC India, BSE and ICICI Bank and has a diverse shareholder base represented by state power utilities, central generators, independent power producers, market makers in trading, and power sector consultants. HPX raced to five BUs within a span of 173 days with a daily average volume of around 18 MU, post-crossing the historic landmark of 1 BU, which happened within a time frame of 171 days. A large part of this volume is attributed to the LDCs whic

Hindustan Power Exchange trade crosses 2.5 bn unit mark in 8 months

Hindustan Power Exchange (HPX) on Monday said that it has crossed the trade milestone of 2.5 billion units within eight months of its launch. "HPX, promoted by PTC India, BSE and ICICI Bank, has successfully crossed the milestone of 2.5 Billion Units of power traded within 8 months of its launch," an HPX statement said. HPX was able to cross this landmark with a rapid increase in trade volume across contingency, weekly, monthly, and Long Duration Contracts (LDC) segments, it explained. The exchange recently concluded monthly long-duration contracts of 453.7 MU (million units) which will be delivered in the months of March and April 2023 and is a part of the above volume. HPX raced to 2.5 BU within a short span of 67 days with a daily average volume of 18 MU, post crossing the historic landmark of 1 BU, which happened within six months of its launch, it stated. This is the fastest increase in volume for the initial few months of the existence of any of the power exchanges operating

Hindustan Power Exchange backed by BSE, PTC to commence operations

The other two exchanges in the country are Indian Energy Exchange (IEX) and Power Exchange of India ltd (PXIL), of which IEX holds a 98 per cent almost monopoly on the total traded power in country

Hindustan Power to support families of employees succumbing to coronavirus

Hindustan Power has announced financial support for families of all employees, including contract staff, who succumb to Covid-19

Hindustan Power looking to acquire stressed thermal power plants

With 6,000 Mw of power generation capacity, the firm has presence across thermal, hydro and solar power sectors

Hindustan Power expands presence in Japan, acquires 15 solar plants

The company aims to touch 2 Gw of global power generation capacity by 2022

Hindustan Power to consider new streams of finance

To commission 1,320 Mw coal and 1,000 Mw solar projects

Hindustan Power initiative to provide prompt patient transfer

The company has devised an emergency response protocol and identified situations such as ailments of heart, kidney, accidents

Hindustan Power commissions first phase of 2,520 MW Anuppur Plant in MP

The project is commissioned at a cost of Rs 8,000 cr