POWER FINANCE CORPORATION LTD Subsidiary KAKINADA I TRANSMISSION LIMITED Incorporated for Green Hydrogen, Ammonia Projects

POWER FINANCE CORPORATION LTD has informed about the incorporation of a new subsidiary, KAKINADA I TRANSMISSION LIMITED, a Wholly Owned Subsidiary (WOS) of PFC Consulting Limited (PFCCL), which is itself a WOS of POWER FINANCE CORPORATION LTD. This new subsidiary has been incorporated for the development of a transmission system for proposed Green Hydrogen and Ammonia projects in the Kakinada area (Phase-I). The Ministry Of Power (MoP) has appointed PFCCL as Bid Process Coordinator (BPC) for the selection of Bidder as Transmission Service Provider (TSP) for this project. The Special Purpose Vehicle (SPV) will be transferred to the Successful Bidder selected through International Competitive Bidding Process under Tariff Based Competitive Bidding Guidelines for Transmission Service issued by Ministry of Power.