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Journey so far

Previously known as Mittals Processors Private Limited (MPPL), we are one of the largest power trading companies in India. Since 2009, when we got our Inter State Trading License from the Central Electricity Regulatory Commission (CERC), we've traded more than 50000 Million Units (MU) for over 35 utilities and 1201 open access clients. Kreate Energy (I) Pvt Ltd is one of the leading real time power solution providers in India.

We work in all the five electricity grid regions and for almost all State Electricity Boards/utilities in the country. Our offerings include short term and long-term products for sale and purchase of power to utilities, generators, industrial and commercial clients. We're a registered trading and clearing member of both the Indian Energy Exchange (IEX) and Power Exchange India Limited (PXIL).

Our Vision and Mission statements are derived from our strategic thinking which include integrated planning & innovation and focused on error free implementation. It determines the direction of the organization to meet the intended goals. Our core values drive the organization’s culture and provide the framework within which the decisions are made. All these factors have helped us growth stronger with time and hence, the current turnover of the Company stands at 2992.49 crores, along with its PAN India and overseas presence.

We offer solutions in

Trading of Power and Renewable Energy Certificates (RECs) A renewable energy credit (REC) a also sometimes referred to as a renewable energy certificate or green tag is created for each megawatt-hour (1 MWh, or 1000 kilowatt-hours) of renewable electricity generated and delivered to the power grid. Technologies such as wind, solar PV, solar thermal, biomass, bagasse, black liquor and small hydro are eligible to earn RECs. Central Electricity Regulatory Commission (CERC) has notified regulation on Renewable Energy Certificate (REC) in fulfilment of its mandate to promote renewable sources of energy and development of market in electricity. The framework of REC is expected to give push to RE capacity addition in the country.

Bilateral Power Trading A transaction for exchange of energy (MWh) between a specified buyer and a specified seller, directly or through a trading licensee or discovered at Power Exchange through anonymous bidding, from a specified point of injection to a specified point of drawl for a fixed or varying quantum of power (MW) for any time period during a month. Electricity Act 2003 has distinguished "Power Trading" as a separate licensed activity with the objective of developing power market in India to maximize resource utilization by promoting healthy competition among power players. For this reason, Power Trading is referred to as "purchase of electricity for resale thereof". CERC/SERCs have prescribed stringent "non-discriminatory open access" regulations and have also granted Inter-State Trading Licensees to 45 companies (as on July 2009). CTU/STUs have also defined detailed open access procedures to promote power trading operations in the country. The demand-supply gap among various utilities during day and month provides opportunities for power trading. With tightening of grid discipline by CERC regulation, the utilities are persuaded to plan their demand-supply gap in advance. This provides power trading a huge potential for growth. At .Kreate, we endevour timely payment for every transaction including energy and transmission charges as per the contract terms. Our payment track record is a testament to our commitment for transparency and timely settlement of accounts.

Banking of Power Banking means residual electrical energy after utilization by the Exclusive or Partly Exclusive Consumer or captive consumption out of the injected energy in a month into the transmission and/or distribution system of Corporation/ESCOMs, which will be utilized for its own use or for wheeling to its Exclusive or Partly Exclusive Consumers at a later date/month, as per the terms and conditions set forth in agreements.

Meeting Renewable Purchase Obligations (RPOs) The Renewable Purchase Obligations (RPO) has been the major driving force in India to promote the renewable energy sector. Every Obligated Entity may meet its RPO target by way of (i) Own generation or procurement of power from RE developer or (ii) Purchase from other licensee or (iii) Purchase of renewable energy certificate or (iv) Combination of any of the above options. We conform to all State-wise regulations laid out across India.

Group Captive Power Plants A group captive scheme is where someone develops a power plant for collective usage of many commercial consumers. The developer should have at least 26% of the equity and has to consume at least 51% of the power produced. The term "captive power scheme" was introduced in the Electricity Rule, 1995.

Power Trading

Short Term

Short Term Contracts for Power Sale / Purchase and Power Swap Kreate Energy is one of the most significant players in direct bilateral market for Power Sale / Purchase as well as Power Swap Arrangement. Kreate Energy transactions are spread in all the five electricity grid regions of the country & all the State Electricity Boards / Utilities in the country are its clients. Power Trading contracts which are for duration less than or equal to 3 months are known as Short Term contracts. Kreate Energy has been actively participating in the bids invited by states such as Gujarat, Maharashtra, Punjab, Haryana, Rajasthan, Chandigarh, Uttarakhand, Uttar Pradesh, Madhya Pradesh, Kerala, Tamil Nadu, Sikkim, Delhi and Andhra Pradesh for Short Term procurement through tenders. Kreate Energy so far has received Letter of Award from Haryana, Punjab, Rajasthan, Chandigarh, Uttar Pradesh, Madhya Pradesh, Kerala, Sikkim, Delhi and Andhra Pradesh which aggregates to more than 6000 MW for supply on short term basis, including banking.

Long Term

Power Trading contracts which are for duration greater than 3 months but less than 25 years, are known as long term / mid term contracts. Kreate Energy transactions for long term contracts are also spread in all the five electricity grid regions of the country and almost all the state electricity boards / utilities in the country. Kreate Energy sources power for bilateral contracts from sources located PAN India, like - Captive Power Plants / Independent Power Plants / Merchant Power Plants - Renewable energy sources (Bio-mass / Co-Gen / Municipal Solid Waste / Wind / Solar, etc) - Small hydro / run of the river hydro power plants

Renewable Energy Trading

A) RECs – Renewable Energy Certificates: As a momentous member of both the Power Exchanges, IEX and PXIL, Kreate Energy also facilitates the trading of Renewable Energy Certificates (REC) on the platform of power exchanges. Kreate Energy is a reputed trader of REC as it ∙ Has traded more than 68004 RECs ∙ Trades Solar RECs as well as Non-Solar RECs Kreate Energy offers following services for REC ∙ Trading of power and REC’s, green power, through innovative product strategies in bilateral and exchange market ∙ Support customers to prepare and file for REC issuance ∙ Getting accreditation and registration for the project ∙ Trading of RECs on power exchange ∙ Daily reports and updates ∙ Timely payment to RE generator B) Kreate Energy provides innovative solution for REC. We are developing new products and structures to promote development of renewable energy projects in the country. ∙ In solar, we are one of the first players to have entered into PPAs for sale of power on open access and sale of RECs. ∙ We are similarly helping many Bio-mass players in open access sale of power and RECs. ∙ We have developed specific products for small hydro power trading to ensure better realization and hence increased viability and development of such projects.

Power Exchanges

Kreate Energy is one of the most trustworthy member of both the power exchanges operational in India, namely Indian Energy Exchange (IEX) and Power Exchange of India Limited (PXIL). The services of Kreate Energy offers on Power Exchanges include: Day Ahead Market - Day Ahead Spot Term Ahead Market - Day Ahead Contingency
- Daily Contracts
- Intra Day
- Weekly Contracts

Kreate Energy game changer

Energy Management Dashboard

Real time consumption

EMD provides live consumption and maintains historical database for the best analysis.

Power procured source

EMD provides complete analysis of the power being procured from the multiple sources of decision making for the optimal procurement of power.

Underdrawl & Customized reports

EMD provides live underdrawl data and maintain historical database for the best analysis. SEMs team designs report in the formats, as desired by the clients.


EMD provides live profitability accounting for the power procured from multiple sources, considering updates in the respective states policies.

Android based application

Smartech android based app is a handling tool keeping the client updated of his energy management, while he is on the move.

Alert management system

Real time alert through sms/e-mail keeps the energy manager up to date about his plant performance.

Optimize Energy Cost

Consumption Parameters

Detailed measurement energy consumption parameters and to assess present level of system performance.

Industry Behavior

Detailed study operations and plant processes to understand the behavior of industry.

Energy Conservation

Brainstorming and identification of Energy Conservation Opportunities.

Technological Recommendations

Recommendation of technological options to implement identified opportunities.


Techno-commercial evaluation of proposed solutions.


Implementation of approved recommendations, monitoring & verification of energy savings.






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