Corporate News     21-Jun-23
Power Finance Corporation announces incorporation of SPV for Joda Barbil transmission project
Power Finance Corporation announced that Joda Barbil Transmission for developing "Construction of 400/220/132 KV Grid Substations at Joda/Barbil with associated transmission lines", 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 selected through the bidding process would develop the project.

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