Latest News | PFC Arm Transfers Transmission SPV to Adani Energy Solutions

New Delhi, Mar 20 (PTI) Mundra I Transmission Limited, a project specific special purpose vehicle (SPV), has been transferred to Adani Energy Solutions, an exchange filing said on Thursday.

Mundra I Transmission Limited was established for the development of transmission system for supply of power to green hydrogen/ammonia manufacturing potential in Mundra area of Gujarat.

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The asset which was a wholly-owned subsidiary of PFC Consulting Limited has been transferred to Adani Energy Solutions Limited, the successful bidder on March 20, Power Finance Corporation (PFC) said in the filing.

PFC Consulting is a wholly-owned subsidiary of PFC.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)