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PFC Consulting Ltd (PFCCL), a wholly-owned subsidiary of Power Finance Corporation (PFC), has transferred two transmission projects to Apraava Energy and one project to Sterlite Power. The transmission projects were transferred through Tariff Based Competitive Bidding (TBCB) process for transmission service providers and involve the establishment of pooling stations and transmission corridors in Rajasthan.

The project was awarded to Sterlite Power through the tariff based competitive bidding process in March 2023

Our primary focus in any case is on the power sector and energy transition. But, last year, in the second half of the financial year, we were allowed to fund the infrastructure sector with a 30% cap. Last year the total sanctions made under the infrastructure sector was Rs 15,000 crore approximately, says Parminder Chopra, director-finance.

Supreme Court of Appeal found Paul de Robillard, his wife and family trust abused court processes to avoid R146m tax bill

The funds will be used to develop renewable projects across the country, including solar and wind for commercial and industrial customers, utility projects and green hydrogen derivatives, and will strengthen the company by ensuring the financial closure for future projects.