Power Finance Corporation (PFC) has incorporated a new step-down subsidiary that will act as a special purpose vehicle for a power transmission scheme to be developed under the TBCB regime.
In a major development, Power Grid Corporation of India (PGCIL) announced that it has put into commercial operations (effective June 8, 2021), Monopole-1 of the bipolar ±320kV Pugalur-Trichur HVDC link, which is an extended component of the ±800kV HVDC Raigarh-Pugalur HVDC link.
Closely following the acquisition of two project SPVs relating to power evacuation schemes for upcoming Rajasthan solar energy zones, Power Grid Corporation of India Ltd (PGCIL) has announced the acquisition one more such project SPV.