PFC Transfers 3 Transmission Projects to Adani Power

PFC Transfers 3 Transmission Projects to Adani Power

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New Delhi: State-run Power Finance Corp on Tuesday said its arm PFC Consulting Ltd has transferred three wholly-owned subsidiaries to Adani Power Ltd.

"PFC Consulting Limited has transferred on November 23, 2015, its three wholly-owned subsidiary companies to Adani Transmission Limited, the investing affiliate of Adani Power Limited, the successful bidder selected through tariff-based competitive bidding guidelines for transmission services, issued by Power Ministry," PFC said in a filing to the BSE.

These three firms are Sipat Transmission Limited, Chhattisgarh-WR Transmission Limited and Raipur-Rajnandgaon-Warora Transmission Limited.

Adani Power won these three transmission projects through a tariff-based competitive bidding process.