Power Finance Corporation (PFC) on Monday floated a wholly-owned consultancy arm—PFC Consulting Limited (PCL)—to advise both Central and state utilities on attracting private investments in generation and transmission projects, including award of ultra mega power projects (UMPP), in particular.The new venture would take over from Power Finance Corporation services related to UMPPs, including formation of special purpose vehicles, carrying out the bidding and awarding process and obtaining regulatory clearances for the projects, Power Finance Corporation chairman and managing director V K Garg told reporters here.
The consultancy arm of Power Finance Corporation would be an extension of consultancy services group (CSG).
Source: India Economic Times
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