Karnataka distribution companies (discoms) have become the top seller of renewable energy under the Green Term Ahead Market (GTAM) at the Indian Energy Exchange Limited (IEX).
Power Company of Karnataka Limited (PCKL) has a market share of 74% on the sell side in IEX GTAM market since its inception, selling 2.67 billion units (BU) out of 3.6 BU on the exchange till January, 2022, IEX officials said, adding that Karnataka is now also leveraging the recently commenced Green Day Ahead Market (GDAM) for sale of its surplus renewable power.
In an exclusive interview with The Hindu, Rohit Bajaj, head and senior vice-president – Business Development, Indian Energy Exchange Limited, said Karnataka has the credentials of ranking first in renewable rich States with 15 GW of installed capacity base and another 9 GW of green capacity being under implementation.
