Power Finance Corporation’s (PFC) wholly owned subsidiary - PFC Consulting has transferred its wholly owned subsidiary ‘Nagapattinam-Madhugiri Transmission Company’ to Power Grid Corporation of India (PGCIL). The company has transferred it on March 29, 2012.
PGCIL was selected as a successful bidder through tariff based competitive bidding guidelines for transmission services issued by Ministry of Power, Government of India. Nagapattinam-Madhugiri Transmission Company was incorporated for development of independent transmission system associated with IPPs of Nagapattinam/Cuddalore Area- Package A (Nagapattinam Pooling Station-Salem 765kV D/c line, Salem-Madhugiri 765kv S/c line).
PFC provides large range of financial products and services like project term loan, lease financing, direct discounting of bills, short term loan, and consultancy services for various power projects in generation, transmission, distribution sector as well as for renovation and modernization of existing power projects.
