From Subject Received Size vikas IEX & SAARC Energy Centre conduct the first ever SAARC Webinar
"Concept, Establishment & Operation of a Power Exchange in the perspective of Regional Power Trading".
- (1888PressRelease) November 19, 2014 - New Delhi - The SAARC Energy Centre (SEC) based in Islamabad, Pakistan in collaboration with the Indian Energy Exchange (IEX) organized the first ever Webinar on "Concept, Establishment & Operation of a Power Exchange in the perspective of Regional Power Trading" on November 11 and 17, 2014 at New Delhi. The 11 Nov webinar was attended by over 300 delegates from the SAARC Countries: Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka.
Commenting on the success of the first ever webinar orgnaised by SEC in the context of regional power trading, Mr Salis Usman, Program Coordinator, SAARC Energy Centre said, "This webinar was organized with two fold objectives: (a) develop the power market in SAARC region by connecting SAARC Member States and (b) share India's success story which has a very vibrant power market with power exchanges as an integral part of the dynamics".
"The Indian Energy Exchange can play a key role in integrating and connecting the power systems in the SAARC nations by facilitating power trading through the its platform which could be achieved with minimal changes/actions in the current power market regulatory framework in India", said Mr Rajesh K Mediratta, Director, Business Development, IEX.
IEX in its theme presentation at the webinar mainly focused on various aspects of power trading through exchanges constituting: concept and function of a power exchange, trading on power exchange, price discovery, bidding, transparency, competitiveness, etc.
About IEX
IEX has emerged as India's premier energy trading platform in a short span of six years. Currently, IEX operates Day-Ahead Market (DAM) and Term-Ahead Market (TAM) in electricity as well as Renewable Energy Certificate (REC) Market. The Exchange provides a transparent, demutualised and automated platform enabling efficient price discovery and price risk management for participants. IEX is approved and regulated by Central Electricity Regulatory Commission (CERC) and operating since 27 June, 2008.
About SEC
The vision of energy cooperation was given by SAARC heads of state and government at the Islamabad SAARC Summit in 2004 when they envisioned the idea of "SAARC Energy Ring". This led to a series of actions and as an outcome, the SAARC Energy Centre was established in the year 2006 with the objective to have a regional institution of excellence for the initiation, coordination and facilitation of SAARC programmes in energy. It became functional in the year 2007 and during a short period of 7 years, it has emerged as the most vibrant and effective of all SAARC Regional Centres, totalling 11 in number located in the different Member States. SEC, through its program activities, aims at a better tomorrow through collaborative efforts, joint resources and self-belief that we have been well equipped by the nature, be it intellect, resources or commitment to change the lives of the people of South Asia.
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