WHO WE ARE
ABOUT US
Electricity Act 2003, with an aim to encourage competition and optimum utilization of resources gave rise to a new regime of power sector in India. The transaction involving purchase and sale of electricity has been recognized as a distinct licensed activity. This has been termed as ‘trading’ and defined in section 2(71) of the Act as “purchase of electricity for resale thereof”.
The Act is directed at institutional and regulatory initiatives to promote inter-state and intra-state power trading within India. In addition, the fundamentals of power trading – such as licensing electricity traders and ensuring open access and non-discriminatory access to transmission services – have been put into place to allow for expansion of opportunities in all markets. As a result, there has been a paradigm shift in generation, transmission and distribution activities, which have facilitated power trading. Introduction of non-discriminatory open access in electricity sector provided further impetus for enhancing competition in the market.
GITA Power & Infrastructure Pvt Ltd (GPIPL) was established in 2008 as a provider of power trading solutions in India. GPIPL has achieved a remarkable position in the electricity trading market, majorly operating from Ahmedabad, Vadodara and Chennai. It had been granted Category III Inter-state Trading License since 2015 and is an active trading member of both prestigious power exchanges of the country- Indian Energy Exchange (IEX) and Power Exchange India Ltd (PXIL).
GITA Power has facilitated/traded notable quantum of electricity under collective transaction as well as under bilateral mode. It has also traded Numbers of RECs on Exchange Platform for our various clients both under Solar criteria and Non- solar criteria. As per Central Electricity Regulatory Commission (CERC) market monitoring report, stands in the list of top 20 among traders recognized by CERC.
GITA Power is a step-down subsidiary of OPG Power Ventures PLC which is listed on the Alternative Investment Market (AIM) of London. GPIPL is a group company of OPG Group who is having an excellent record of generation of 750MW under group captive model.
What makes us different from others
- Considerable experience of facilitating energy solutions to industrial, commercial, consumers across the country.
- Efficient provisions to consumers for operational and scheduling needs of power supply across the country
- Well acquainted to Regulatory on goings of the power market and effective solutions to it.
- Effectual arrangements to consumers for complying to obligations with respect to renewable purchase.
- Active Liasioning with concerned Statutory Authorities.
Within a short duration, we have many successful stories of assisting our clients in their energy portfolio management. Large users of power typically having connected load of 1 MW or above are allowed under Open access to buy power from the open market. The power can also be procured through Open access during load restriction period.
GPIPL offers various services to industrial and commercial consumers, based on bilateral basis and through Power exchange. The Company offers solutions as per market conditions from conventional and renewable sources.
