In order to promote short term trading through power exchange, PFC had promoted National Power Exchange Ltd (NPEX), jointly with NTPC, NHPC and TCS during 2008-09. PFC holds 16.66% of paid up equity upto 31st March, 2012.NPEX has obtained the in-principle approval for setting up of Power Exchange from CERC. This exchange is yet to start its operation. The Power Exchange will have a nationwide presence in the form of electronic exchange for trading in power. Apart from power trading, transmission clearance will also be taken care of by the power exchange simultaneously.