Bilateral & Third-Party

Power Trading

Manikaran Power Limited provides end-to-end solutions for the sale and purchase of electricity from Merchant Power Plants (MPPs), Captive Power Plants (CPPs), Independent Power Producers (IPPs), State Utilities, DISCOMs, and Open Access Consumers.

Our services include facilitating:

Power banking arrangements

Short-term, medium-term, and long-term power transactions

Third-party power procurement through open access

MPL manages the entire transaction lifecycle including open access approvals from agencies such as Power Grid Corporation of India Limited, Regional Load Dispatch Centres (RLDCs), and State Load Dispatch Centres (SLDCs). We coordinate with all stakeholders and perform periodic commercial settlements based on SEA/REA statements issued by SLDCs and RPCs.

Structured Procurement & Commercial Optimization

Through third-party power sourcing, MPL enables consumers to procure competitively priced electricity through bilateral arrangements while leveraging open access mechanisms. Our approach ensures optimized power procurement, improved cost efficiency, and reliable supply management.

Our Approach

Structured Competitive Bidding

Transparent procurement processes designed to ensure fair price discovery through competitive bids from multiple generators.

Strategic Generator Partnerships

Long-term and medium-term PPAs structured to deliver reliable and cost-efficient power supply to industries and utilities.

Regulatory Optimization

Procurement strategies aligned with evolving state and central open access regulations.

Commercial Efficiency

Term Ahead Market and regulatory structuring to minimize landed power costs for consumers.

Captive & Group Captive Solutions

Captive power structures enable industrial consumers to secure reliable, long-term energy at optimized costs through equity participation in generation assets. With a minimum 26% equity stake and 51% annual consumption requirement, this model offers reduced open access charges and exemptions from cross-subsidy and additional surcharges. Widely adopted across industries, it ensures tariff stability and competitive energy costs.

Consumers of group captive power need not pay cross-subsidy charges as they are exempted for a captive power plant under section 42 of the Electricity Act, 2003.

What We Do?

MPL provides solution for sale and purchase of power from MPPs, CPPs, IPPs and State Utilities/ Discoms, Open Access Consumers on short, medium- or long-term basis and banking/swap method and through power exchange.

MPL facilitates open access permissions through SLDC/RLDC and communicates with all concerned.
Helps in Commercial settlement which is done through established practices involving weekly provisional bills and monthly bills based on Regional Energy Account (REA) prepared by Regional Power Committees (RPC).
MPL ensures timely payment for every transaction including energy and transmission charges as per the contract terms. Our payment track record shows our commitment for transparency and timely settlement of accounts.