Corporate News     16-Jan-24
Power Finance Corporation incorporates SPV for development of transmission project
Power Finance Corporation (PFC) announced the incorporation of Pune-III Transmission (SPV) as a wholly owned subsidiary of PFC Consulting (PFCCL) (a wholly owned subsidiary of PFC).

This SPV has been incorporated for development of "Transmission System for Evacuation of Power from Potential Renewable Energy Zone in Khavda Area of Gujarat under Phase-IV (7GW).

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.

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