The correct answer is: d) All of the above.
Gujarat procures electricity from other states through power exchanges, bilateral agreements, and long-term contracts.
Power exchanges are platforms where electricity is traded in real time. Bilateral agreements are contracts between two parties to exchange electricity at a certain price and quantity. Long-term contracts are agreements between two parties to exchange electricity over a period of time.
Gujarat procures electricity from other states through power exchanges to meet its peak demand. The state also procures electricity from other states through bilateral agreements and long-term contracts to ensure a reliable supply of electricity.
The following are some of the power exchanges in India:
- Indian Energy Exchange (IEX)
- Power Exchange of India (PXIL)
- National Power Exchange (NPX)
The following are some of the bilateral agreements that Gujarat has with other states:
- Bilateral agreement with Maharashtra
- Bilateral agreement with Madhya Pradesh
- Bilateral agreement with Rajasthan
The following are some of the long-term contracts that Gujarat has with other states:
- Long-term contract with NTPC
- Long-term contract with Adani Power
- Long-term contract with Tata Power