Bid process coordinator PFC Consulting Ltd (PFCCL) has incorporated a wholly-owned subsidiary that will act as a special purpose vehicle to house India’s first interstate-TBCB scheme purely dedicated to installation of synchronous condenser (SynCon) units.
Though the project for upgrading the Raigarh-Pugalur HVDC system has made progress in the form of a committee report being finalized, the National Committee on Transmission (NCT) has recommended more discussions with entities concerned before the project is taken up for implementation.