New Delhi, June 18 (SocialNews.XYZ) PFC Consulting Ltd., a wholly owned subsidiary of power sector lender Power Finance Corporation Ltd., has incorporated a special purpose vehicle to develop a transmission scheme in Uttar Pradesh.
In a stock exchange filing, PFC said that its consulting subsidiary has incorporated a SPV - Mohanlalganj Transmission Limited.
This SPV will implement the transmission scheme associated with "Construction of 400/220/132kV GIS Substation, Mohanlalganj (Lucknow) with associated 400kV lines, and other 765kV & 400kV LILO lines at 765kV GIS Substation Rampur and 400kV LILO (Quad Moose on Monopole) at 400kV GIS Substation Sector 123 Noida."
PFC implements power projects under SPV route and this is one such measure where the lender's subsidiary will actually implement a transmission project.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz