Indian Ministry of Power has designated Member (Power system), Central Electricity Authority for facilitating the process of approval and laying down procedures for cross border transaction and trade in Electricity.
According to a press release issued by Indian Embassy, in pursuance of the Guidelines on Cross-Border Trade of Electricity issued by the Government of India, Ministry of Power has designated Central Electricity Authority as the Designated Authority for facilitating the process.
The Designated Authority will carry out the following functions:
(i)Coordinating with the respective nodal agency of the neighboring countries on Cross Border Trade of Electricity.
(ii) Planning, monitoring, coordinating and commissioning of cross border transmission lines for cross border transaction in consultation with Central Electricity Authority & Central Transmission Utility (CTU)
iii)The grid security, safety & operations with respect to Cross Border Trade of Electricity in consultation with CEA, POSOCO and CTU.
(iv)Examining and certifying surplus capacity of electricity in India for the purpose of Cross Border Trade of Electricity for export by coal based Indian Thermal Power Projects other than Public Sector Undertakings (PSUs) projects.
(v)Accord of approval for Participating Entity(ies) for cross border trade between India and the neighbouring country and/or through Indian Power Exchanges.
(vi) Notifying the quantum of electricity from time to time that can be traded under Cross Border Trade for Electricity through Indian Power Exchanges and any other function as may be prescribed by Ministry of Power.