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AMN / NEW DELHI

Indian power market has gone green today with the launch of pan-India Green Term Ahead Market (GTAM) in electricity.

Speaking at the launch, New and Renewable Energy Minister R K Singh said the introduction of GTAM platform would lessen the burden on Renewable Energy-rich States. He added that the GTAM platform will lead to an increase in the number of participants in the renewable energy sector.

It will benefit buyers of renewable energy through competitive prices and transparent and flexible procurement. It will also benefit renewable energy sellers by providing access to the pan-India market. GTAM contracts will allow additional avenues to the renewable energy generators for sale of energy.

Government’s target of 175 Gigawatt renewable energy capacity by 2022 is driving accelerated renewable penetration pan-India.

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