PFC Consulting Limited has transferred its wholly-owned subsidiary, Mundra I Transmission Limited, to Adani Energy Solutions for the development of a transmission system to supply power to green hydrogen/ammonia manufacturing in Mundra, Gujarat. The SPV was established with a specific focus on supporting green energy projects in the Mundra area. The transfer of the asset, previously owned by PFC Consulting, to Adani Energy Solutions was finalized on March 20. This transaction indicates a strategic move towards promoting green energy initiatives, particularly in the production of green hydrogen and ammonia. Adani Energy's successful bid reflects a growing interest and investment in renewable energy projects in the region. The development of the transmission system is expected to facilitate the growth of sustainable energy production and contribute to reducing carbon emissions in the area. Overall, the transfer signifies a positive step towards advancing green energy infrastructure and technology in Gujarat.