New Delhi: State-owned Power Finance Corporation (PFC) on Friday said its arm PFC Consulting has transferred a project special purpose vehicle (SPV) to Power Grid Corporation of India Ltd for Rs 7.43 crore.
The SPV, Kudankulam ISTS Transmission Ltd is established for evacuation of power from Kudankulam Unit - 3 & 4 (2x 1000 MW), a regulatory filing said.
Kudankulam ISTS Transmission is a wholly-owned subsidiary of PFC Consulting Ltd.
The consideration received for this transaction is Rs 7.43 crore as per the share purchase agreement, the filing said.
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