PFC Consulting, an arm of State-owned Power Finance Corporation has incorporated Gola B-Ramgarh Transmission Ltd as a wholly-owned subsidiary for implementing a transmission project in Jharkhand. Established in 1986, Power Finance Corporation Ltd. is an Indian central public sector undertaking under the ownership of the Ministry of Power, GOI.
Gola B-Ramgarh Transmission, a special purpose vehicle, will be used for developing the intra-state transmission system consisting of 400/220/132/33 KV SS at Gola-B along with associated transmission lines and 220/33 KV SS at Ramgarh along with associated transmission line under Package-B (Jharkhand) for DVC. Ministry of Power has also nominated PFC Consulting as the Bid Process Coordinator (BPC) for selection of a developer through tariff-based competitive bidding for the Independent Transmission Projects (ITPs).
