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A special purpose vehicle is a subsidiary company created by a parent company to undertake specific projects or transactions. SPVs can be used for a variety of reasons, including asset securitization, risk management, or to circumvent regulatory hurdles. The fundamental premise behind SPVs is that they allow the parent company to isolate financial risk, ensuring that any liabilities remain confined to the SPV and do not affect the parent company's balance sheet.


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Busbars are conductive metal bars or strips used to distribute electricity to various outgoing circuits. They serve as a central point where multiple circuit connections meet, enabling efficient redistribution of power. Busbars are typically made of copper or aluminum for their excellent electrical conductivity and can be configured in different arrangements to accommodate the specific requirements of the substation.


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