Gujarat power evacuation

PFC Consulting Limited (PFCCL), a subsidiary of Power Finance Corporation (PFC), has incorporated a special purpose vehicle (SPV) named Raghanesda RE Transmission Limited.  The SPV will oversee the development of the “Transmission System for evacuation of renewable energy power from the Raghanesda area of Gujarat – 3 GW under Phase-I.” The project, with an estimated cost of Rs 18.55 billion, will be executed under the tariff-based competitive bidding (TBCB) process.  PFCCL has been designated as…