Corporate News     20-Jun-23
Power Finance Corporation announces incorporation of SPV
For transfer and development of transmission project
Power Finance Corporation announced that Neemrana II Kotputli Transmission for development of "Transmission system for evacuation of power from Rajasthan REZ Ph-IV (Part-1: Bikaner Complex) Part-B", a Special Purpose Vehicle (SPV) for development of Independent Transmission Projects has been incorporated as wholly owned subsidiary of PFC Consulting (a wholly owned subsidiary of Power Finance Corporation).

PFC Consulting has been nominated as the 'Bid Process Coordinator' for selection of developer through tariff based competitive bidding for the Independent Transmission Projects (ITPs) by Ministry of Power, Gol.

The SPV has to be transferred to the Successful Bidder selected through International Competitive Bidding Process under Tariff Based Competitive Bidding Guidelines for Transmission Service issued by Ministry of Power. The Successful Bidder will develop the project.

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