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H.G. Infra secures LOI from PFC Consulting for Interstate transmission project in Odisha
H.G. Infra Engineering Limited (HGINFRA) has received a Letter of Intent (LOI) from PFC Consulting Limited for the development of an interstate transmission system in Odisha. The project is part of the Eastern Region Generation Scheme – I (ERGS-I) and will be implemented through a tariff-based competitive bidding process.
The scope of the project involves acting as the transmission service provider (TSP) for setting up the required infrastructure under the ERGS-I scheme. The initiative aims to strengthen power transmission capacity and improve interconnectivity in the eastern region.
In the exchange filing, the company shared, 'H.G. Infra Engineering Limited (the 'Company' or 'HGINFRA') has received Letter of Intent (LOI) from PFC Consulting Limited for transmission service provider to establish Inter State Transmission system for 'Eastern Region Generation Scheme – I (ERGS-I)' through tariff based competitive bidding process in the state of Odisha.'
PFC Consulting Limited, a wholly owned subsidiary of Power Finance Corporation, is the nodal agency responsible for coordinating such transmission initiatives under the Ministry of Power.
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