PFCCL transfers two subsidiaries to ATL for implementing transmission projects

Power Finance Corporation Limited’s (PFC) arm PFC Consulting Limited (PFCCL) has transferred two wholly-owned subsidiaries to Adani Transmission Limited (ATL) for implementing power transmission projects

The two subsidiaries that have beentransferred are Karur Transmission Limited and Khavda-Bhuj Transmission Limited.Karur Transmission Limited is established for the development of evacuation of power from renewable energy (RE) sources in Karur/Tirrupurwind energy zone (1,000 MW) in Tamil Nadu and Khavda-Bhuj Transmission Limited is established for the development of a transmission scheme for evacuation of 3 GW RE injection at Khavdapooling station. ATL had emerged as the successful bidder for these two transmission projects on January 18, 2022.

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