PFC Develops Transmission Project for Green Hydrogen in Andhra
PFC incorporates a special purpose vehicle (SPV) for the development of a transmission system for green hydrogen projects in Andhra Pradesh.
Photograph: Courtesy Power Grid Corporation
New Delhi, Feb 20 (PTI) State-owned PFC on Thursday said a special purpose vehicle has been incorporated as a wholly-owned subsidiary of PFC Consulting Limited for the development of a transmission system for proposed green hydrogen projects in Andhra Pradesh.
PFC Consulting Limited (PFCCL) is its wholly-owned subsidiary, Power Finance Corporation (PFC) said in an exchange filing.
The SPV, Kakinada Transmission Ltd, has been incorporated as a wholly-owned subsidiary of PFCCL to develop the transmission system for proposed green hydrogen/ green ammonia projects in Kakinada area (Phase-I) transmission scheme.
The SPV will be transferred to the successful bidder after the completion of the bidding process. The selected bidder would develop the project.
PFC Consulting Limited (PFCCL) is its wholly-owned subsidiary, Power Finance Corporation (PFC) said in an exchange filing.
The SPV, Kakinada Transmission Ltd, has been incorporated as a wholly-owned subsidiary of PFCCL to develop the transmission system for proposed green hydrogen/ green ammonia projects in Kakinada area (Phase-I) transmission scheme.
The SPV will be transferred to the successful bidder after the completion of the bidding process. The selected bidder would develop the project.
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