3.65 (0.98%) Power Finance Corporation’s wholly owned subsidiary -- PFC Consulting has incorporated Special Purpose Vehicle (SPV) as its wholly owned subsidiary (WOS) namely ‘Kakinada I Transmission’ for transmission system for proposed Green Hydrogen/ Green Ammonia projects in Kakinada area (Phase-I).
The SPV has to be transferred to the successful bidder selected through international competitive bidding process under tariff based competitive bidding guidelines for transmission service issued by Ministry of Power.
Power Finance Corporation is central PSU under Ministry of Power and India's leading NBFC.