PFC Transfers Power Transmission Project to HG Infra Engineering
PFC Consulting Ltd, a subsidiary of state-owned PFC, has transferred a special purpose vehicle for a power transmission project in Odisha to HG Infra Engineering, the successful bidder. The project relates to the Eastern Region Generation Scheme-I. The transaction was finalized on July 28.
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- India
State-owned Power Finance Corporation (PFC) announced on Monday that its subsidiary, PFC Consulting Ltd, has handed over a special purpose vehicle (SPV) created for a power transmission project in Odisha to HG Infra Engineering.
HG Infra Engineering emerged as the winning bidder for Angul Sundargarh Transmission Limited, established for the Eastern Region Generation Scheme-I (ERGS-I) project, PFC reported in a stock exchange filing.
The sale and transfer of the SPV to HG Infra Engineering were concluded on July 28, as per the filing. PFC Consulting Ltd was appointed by the Ministry of Power to select a transmission service provider through a tariff-based competitive bidding process for setting up the ERGS-I transmission system.
(With inputs from agencies.)
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