PFC floats consultancy services arm

Written by Agencies | New Delhi, March 31: | Updated: Mar 31 2008, 16:34pm hrs
State-run Power Finance Corporation on Monday floated a wholly-owned consultancy arm to provide services in the power sector.

The subsidiary, PFC consulting Ltd, would provide consultancy services in the power sector and in the related areas.

The company would also carry out services related to ultra mega power projects, including formation of special purpose vehicle. It would also conduct bidding process for awarding projects of state utilities.

The new subsidiary, would have consultancy assignments of Rs 60 crore to be executed over the next 18 months.