A special purpose vehicle for implementation of the “Kenya Transmission PPP Project,” jointly promoted by Power Grid Corporation of India Ltd (PGCIL) and Africa50, has been incorporated in Kenya.
Bid process coordinator PFC Consulting Ltd has newly incorporated four wholly-owned subsidiaries that will act as special purpose vehicles (SPVs) for the development of as many intrastate transmission system (InSTS) schemes, the developer of which will be selected under the tariff-based competitive bidding (TBCB) mechanism.