Powering Green Innovation: Transmission System for Hydrogen Production in Mundra
Key Ideas
- PFC Consulting forms a special purpose vehicle to develop a transmission system for green hydrogen and ammonia production in Mundra, Gujarat.
- The project aims to supply power to green hydrogen and ammonia manufacturing potential in the Mundra area.
- PFCCL will oversee the selection of a bidder for establishing the transmission system through competitive bidding.
- The successful bidder will develop the project, showcasing a commitment to green energy innovation.
In a forward-thinking move towards green energy, PFC Consulting, a subsidiary of Power Finance Corporation, has announced the formation of a special purpose vehicle to develop a transmission system for green hydrogen and ammonia production in Mundra, Gujarat. The project, spearheaded by Mundra I Transmission Ltd, aims to supply power to potential green hydrogen and ammonia manufacturing facilities in the region. PFC Consulting Ltd will play a crucial role as the bid process coordinator for selecting a Transmission Service Provider (TSP) through competitive bidding to establish the transmission system. The newly formed SPV will be owned by PFCCL and later transferred to the selected bidder. This initiative highlights a significant step towards sustainable energy practices and showcases a commitment to fostering green innovation in the energy sector.