Power Exchange India recently signed a memorandum of understanding with Korea Power Exchange (KPX) to explore business collaboration for strategic initiatives in overseas power markets.

The priority areas identified for joint working and cooperation are; sharing of information regarding power markets, cooperation on improvements of competitive electricity markets, training employees to enhance their understanding of the electricity markets and sharing of expertise including the new business initiatives like REC trading. Through this MoU, both the organizations can synergies their efforts in taking forward their expertise and knowledge for offering effective solutions to power markets at national and international level.

"We are hopeful that this association will help our objective of transforming the Indian electricity market. This MoU will bring in a global perspective which will help us to create a benchmark in the areas of operations and product offerings." said Ms Rupa Devi Singh, Managing Director & CEO, PXIL.

The MoU was signed by Rupa Devi Singh and Ho-Ki Nam, Chairman & CEO, KPX.