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PFC Consulting transfers three SPVs to Power Grid under TBCB

Thursday, 30 Mar 2023
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PFC Consulting has transferred three wholly-owned subsidiaries to Power Grid Corporation (PGCIL) on 28 March, 2023. PGCIL emerged as the successful bidder under tariff-based competitive bidding (TBCB) for setting up of a transmission system.

The special purpose vehicles (SPVs) are namely Dharamjaigarh Transmission, Bhadla Sikar Transmission and Raipur Pool Dhamatari Transmission.

Dharamjaigarh Transmission and Raipur Pool Dhamatari Transmission were incorporated for the development of inter-state transmission system under the Western Region Expansion schemes (WRES). Bhadla Sikar Transmission was set up under the transmission system strengthening scheme for evacuation of power from solar energy zones (8.1 GW) in Rajasthan under Phase-II-Part E.

PFC Consulting is a wholly-owned subsidiary of Power Finance Corporation.

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