PFC Consulting Incorporates SPV for Transmission Project

Power Finance Corporation Limited (PFC) announced the incorporation of a wholly owned subsidiary, Siot Rajouri Akhnoor Transmission Limited, through its subsidiary PFC Consulting Limited (PFCCL). This Special Purpose Vehicle (SPV) is established to undertake preparatory activities for the "Laying of downstream Transmission Network from upcoming 400/220 kV Grid Substation Siot, Rajouri (ISTS)" project. PFCCL was appointed as the Bid Process Coordinator (BPC) by Jammu and Kashmir Power Transmission Corporation Limited for this transmission scheme. The SPV will handle tasks such as surveys, land acquisition, and forest clearance processes before being transferred to the selected bidder.