Corporate News     19-Jan-24
Power Finance Corporation announces incorporation of SPVs for development of transmission projects
Power Finance Corporation announced the incorporation of special purpose vehicles, Beawar - Mandsaur Transmission and Sirohi Transmission as subsidiaries of PFC Consulting (wholly owned subsidiary of the company).

These SPVs have been incorporated for development of transmission system for evacuation of power from Rajasthan REZ Ph-IV (Jaisalmer/ Barmer Complex) Part D and Part B.

The SPVs have 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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