Subsidiary27 Jul 2026, 01:12 pm
Power Finance Corp Incorporates New Transmission Subsidiary
AI Summary
Power Finance Corporation Limited (PFC) has announced the incorporation of 'Kushtagi Transmission Limited' as a wholly-owned subsidiary of its subsidiary, PFC Consulting Limited. This Special Purpose Vehicle (SPV) is established to undertake preparatory activities for a 765kV transmission system project, including surveys, land acquisition, and forest clearance processes. The SPV will eventually be transferred to the successful bidder selected through a tariff-based competitive bidding process. PFC Consulting Limited was nominated as the Bid Process Coordinator (BPC) for this project by the Ministry of Power, Government of India, with approvals from Karnataka state authorities.
Key Highlights
- PFC's subsidiary PFC Consulting Limited has incorporated a new SPV.
- The SPV, Kushtagi Transmission Limited, will manage transmission project preparatory work.
- This is part of a tariff-based competitive bidding process for a 765kV transmission system.
- The SPV will be transferred to the selected developer.
- PFC Consulting acts as the Bid Process Coordinator for the project.
Price Impact
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