PFC owned PFC Consulting has transferred two transmission projects to Apraava Energy Private Limited, and one project to Sterlite Power
New Delhi : PFC Consulting Limited (PFCCL) has transferred two transmission projects to Apraava Energy Private Limited, and one project to Sterlite Power.
PFCCL is the wholly-owned subsidiary of Power Finance Corporation (PFC), a non-banking financial company under the Ministry of Power.
“PFCCL has transferred two transmission projects specific special purpose vehicles (SPVs) namely Fatehgarh IV Transmission and Fatehgarh-III Transmission to Apraava Energy Private Limited (APEL), the successful bidder, on August 02, 2023,” PFC said in a statement on Thursday.
The selection of the bidder was carried out through a Tariff Based Competitive Bidding (TBCB) process for transmission service providers for establishment of transmission systems in line with guidelines notified by the Power Ministry.
In Fatehgarh-IV Transmission Limited project, the scope of work involves establishment of a pooling station at Fatehgarh-4 and other associated elements in Rajasthan.
While in Fatehgarh III Transmission Limited project, the scope of work involves establishment of Fatehgarh 3- Bhadla-3 400kV D/c line and other associated elements in Rajasthan.
On August 1, PFCCL transferred Fatehgarh III Beawar Transmission project to Sterlite Power to construct a 350-kilometre, 765kV transmission corridor from Fatehgarh III to Beawar in Rajasthan.
Source: PTI
