PFC Incorporates Subsidiary for MP Transmission Project

Power Finance Corporation Ltd (PFC) has announced the incorporation of Anuppur Transmission Limited as a wholly-owned subsidiary of its subsidiary, PFC Consulting Limited (PFCCL). This Special Purpose Vehicle (SPV) is established for the development of a transmission system to evacuate 4000 MW of power from proposed thermal power plants in Madhya Pradesh. PFCCL has been appointed as the Bid Process Coordinator (BPC) by the Ministry of Power, Gol, for this project. The SPV will undertake preparatory activities like surveys and land acquisition, and will be transferred to the successful bidder selected through a tariff-based competitive bidding process.