PFC floats consultancy arm

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 ...

NEW DELHI: 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 PFC services related to UMPPs, including formation of special purpose vehicles, carrying out the bidding and awarding process and obtaining regulatory clearances for the projects, PFC chairman and managing director V K Garg told reporters here.

The consultancy arm of PFC would be an extension of consultancy services group (CSG).
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