CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What per cent stake will be acquired by NTPC in Power Exchange of India Ltd?
A
5%
B
3%
C
4%
D
6%
Explanation: 

Detailed explanation-1: -As per industry data, short-term trading is around 14-15 per cent of total power supply in India and most of that is bilateral PPAs (power purchase agreements) while the exchange trading is 5 per cent. The government intends to increase this 5 per cent to 25 per cent by 2023-24.

Detailed explanation-2: -NEW DELHI : NTPC Vidyut Vyapar Nigam Ltd (NVVN), a wholly-owned subsidiary of state-run power major NTPC, has acquired a 5% equity stake in Power Exchange of India (PXIL).

Detailed explanation-3: -NTPC is committed to generating power responsibly and sustainably. Besides fossil fuels the company has diversified into producing energy through cleaner and greener sources such as hydro and solar energy. NTPC occupies the premier position in the Indian energy sector in terms of size and efficiency.

Detailed explanation-4: -forecast annual revenue growth Earnings vs Savings Rate: NTPC’s forecast earnings growth (7.6% per year) is above the savings rate (6.8%). Earnings vs Market: NTPC’s earnings (7.6% per year) are forecast to grow slower than the Indian market (18.8% per year).

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