Corporate News     07-Jul-23
PFC announces incorporation of SPV - Jewar Transmission
Power Finance Corporation announced the incorporation of Jewar Transmission as a wholly owned subsidiary of PFC Consulting (wholly owned subsidiary of the company) for the development of 400/220 kV, 2x500 MVA GIS sub-station Jewar, 220/33 kV, 2x60 MVA GIS substation Cantt (Chaukaghat) Varanasi, 220/33 kV, 3x60 MVA GIS substation Vasundhara (Ghaziabad), 220/132/33 kV, 2x160+2x40 MVA khaga (Fatehpur) with associated lines.

This SPV will be transferred to the successful bidder after the completion of the bidding process. The successful bidder selected through the bidding process would develop the project.

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