PFCCL Transfers Two Transmission Projects to Private Firms
New Delhi: PFC Consulting Ltd (PFCCL) has transferred two transmission projects SPVs to Apraava Energy Private Limited and one project SPV to Sterlite Grid 19 Limited.
The transmission projects were transferred after completion of bidding through Tariff Based Competitive Bidding (TBCB) process for selection of Transmission Service Provider (TSP).
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Projects involve the establishment of 400/220 kV Pooling Station and 765kV & 400 kV transmission line in Rajasthan
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Apraava Energy is a diversified power company in India, jointly owned by the CLP Group – one of the largest investor-owned power businesses in Asia – and Caisse de dépôt et placement du Québec (CDPQ) – a global investment group.
The company’s portfolio comprises 3,150 MW of installed capacity which includes 924 MW of wind, 250 MW of solar energy projects across seven states, a 1320 MW coal-fired super critical power plant, and two power transmission assets. A 250 MW wind power project at Sidhpur, Gujarat is under construction and is expected to be commissioned in FY 2022-23. In 2023, Apraava Energy ventured into the Advanced Metering Infrastructure (AMI) business.
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