PFC Incorporates Two SPVs for Transmission Projects

Power Finance Corporation Ltd (PFC) has announced the incorporation of two Special Purpose Vehicle (SPV) companies, Solapur SEZ Power Transmission Limited and Karur REZ Power Transmission Limited. These SPVs are wholly owned subsidiaries of PFC Consulting Limited (PFCCL), which is itself a wholly owned subsidiary of PFC. The SPVs are established to undertake preparatory activities for independent transmission projects, including surveys, land acquisition, and forest clearance processes. PFC Consulting Limited has been nominated as the Bid Process Coordinator (BPC) for these projects by the Ministry of Power. The SPVs will be transferred to the successful bidders selected through a tariff-based competitive bidding process.