Business Daily from THE HINDU group of publications
Tuesday, Apr 01, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Tuesday, Apr 01, 2008 ePaper | Mobile/PDA Version |
|
|
|
|
|
|
|
Corporate
-
Announcements PFC floats subsidiary for consultancy services Our Bureau New Delhi, March 31 Power Finance Corporation (PFC) on Monday announced the launch of a wholly-owned consulting arm. The new subsidiary, PFC Consulting Ltd, would offer consultancy services in the power sector and related areas, including in the bidding and award of Ultra Mega Power Projects (UMPPs), PFC’s Chairman and Managing Director, Mr V.K. Garg, told newspersons here. “There are huge opportunities for consultancy services in the power sector. PFC has decided to focus on these opportunities with the new subsidiary,” Mr Garg said. He also said the subsidiary is in talks with an international consultancy firm to float a joint venture to provide technical expertise to domestic power utilities. The new firm would also conduct bidding process for awarding projects of State utilities, besides offering contract and legal services, and preparing feasibility reports for projects. The new subsidiary would be headed by PFC’s Executive Director (Consultancy Services), Mr N.D. Tyagi. The venture would be given the mandate to carry out the groundwork being currently done by PFC to facilitate the bidding of the UMPPs, including the formation of special purpose vehicles, carrying out the bidding and award process and obtaining regulatory clearances for the projects. PFC, a dedicated lending institution focussing on the power sector, had earlier been designated as the nodal agency for handling the 4,000-MW UMPPs. Of the nine UMPPs envisaged by the Government, three have been awarded by PFC, while the rest would be handled by PFC Consulting Ltd. More Stories on : Announcements | Consulting | Power
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
 |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2008, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|