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PFCCL transfers transmission subsidiaries to Powergrid

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PFC Consulting Limited (PFCCL), a subsidiary of Power Finance Corporation Limited, has transferred two wholly owned subsidiaries, Khavda PSI and 3 Transmission Limited and Barmer I Transmission Limited, to Power Grid Corporation of India Limited (Powergrid) for a total of Rs 268.2 million.  Khavda PSI and 3 Transmission Limited was transferred for Rs 79.2 million, and Barmer I Transmission Limited for Rs 189 million.  Barmer I Transmission Limited focuses on establishing a new 765/400/220 kV…

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Andhra Pradesh govt to set up renewable energy zones

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The Andhra Pradesh government has announced plans to set up Renewable Energy Zones (REZs) and a dedicated university for green energy and circular economy as part of its Integrated Clean Energy Policy (ICEP). These initiatives aim to attract large-scale investments and foster clean energy production within the state. The state will provide Viability Gap Funding (VGF) to support ultra-modern green energy power plants and has set a 20% capital subsidy (up to Rs 50 million…