PXIL Appoints Vivek Singla As Managing Director & CEO

Power Exchange India Limited (PXIL), a leading power exchange in India, has appointed Vivek Singla as its Managing Director & Chief Executive Officer. Singla has over 35 years of diverse experience across the entire spectrum of the power sector, including Generation, Transmission, Distribution, Power Management, Renewable Power, and Green Energy. 

He is a seasoned leader and an alumnus of Delhi Institute of Technology, FMS, Delhi University, and ISB, Hyderabad. Singla has held several key leadership positions throughout his career. His core competencies include establishing new businesses from scratch, business turnaround, business development, mergers & acquisitions, regulatory affairs, and complex deal structuring.  

Previous Experience

Before joining PXIL, Singla was the President and Head of Green Hydrogen and  Transmission Businesses at ReNew Power, where he spearheaded initiatives in these new-age energy domains.  

Expressing his remarks on his new role, Singla said, "I am honored to lead PXIL at a pivotal time when the Indian power sector is undergoing a significant transformation. I look forward to working with the experienced team at PXIL and all our stakeholders to drive sustainable growth, enhance market efficiency, and introduce innovative solutions that cater to the dynamic needs of the sector". 

About PXIL

Power Exchange India Limited (PXIL) is India’s first institutionally promoted Power Exchange that provides innovative and credible solutions to transform the Indian Power Markets. It is promoted by the National Stock Exchange (NSE) and the National Commodity & Derivatives Exchange (NCDEX).

The Exchange operates Integrated Day Ahead Market and Real Time Market Contracts as Collective transactions, the other Contracts i.e., Intra-Day, Day Ahead Contingency, Daily, Weekly, Monthly, and Any-Day Reverse Auction Contracts, are executed as Bilateral Contracts for transacting in Conventional, Hydro, Solar, Wind, and other types of renewable power up to three (3) months ahead. The Exchange further operates the REC Contract in the Renewable segment and the ESCert Contract in the Energy efficiency segment.