Power Minister launches green term ahead market

Union Power Minister R K Singh launched a pan-India Green Term Ahead Market (GTAM) for electricity, a move that will lead to an increase in the participants in the renewable energy sector. The initiative will also help in achieving the renewable energy(RE) capacity addition targets of the country.

“The introduction of GTAM platform would lessen the burden on RE-rich states and incentivize them to develop RE capacity beyond their own RPO (Renewable Purchase Obligation). This would promote RE merchant capacity addition and help in achieving RE capacity addition targets of the country,” Singh said in a statement issued by the renewable energy ministry.

He further added that GTAM platform will lead to increase in number of participants in renewable energy sector. It will benefit buyers of RE through competitive prices and transparent and flexible procurement. It will also benefit RE sellers by providing access to pan- India market

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