Centre launches pan-India GTAM in electricity to make Indian Power Market go Green

The Minister of State (IC) Power and New & Renewable Energy & Minister of State (Skill Development and Entrepreneurship), Shri R. K. Singh, launched pan-India Green Term Ahead Market (GTAM) in electricity through video conference in New Delhi on 01 September 2020.
The GTAM platform is the first Exclusive product for the renewable energy sector in the world and is a step towards Greening the Indian short term power Market.
The market would bring down the burden on Renewable Energy (RE) rich States and incentivize them to develop RE capacity beyond their own Renewable Purchase Obligations (RPO).
Green Term Ahead Market contracts will allow additional avenues to the RE generators for the sale of renewable energy; enable Obligated entities to procure renewable power at competitive prices to meet their RPO and provide a platform to environmentally conscious open access consumers and utilities to buy green power.
This initiative will also help the Government of India to achieve its target of 175 GW RE Capacity by 2022.

Source: PIB