Power Finance Corporation Ltd.

Power Finance Corporation’s wholly owned subsidiary -- PFC Consulting has incorporated Special Purpose Vehicle (SPV) as its wholly owned subsidiary (WOS) namely Mundra I Transmission for transmission system for supply of power to Green Hydrogen/Ammonia manufacturing potential in Mundra area of Gujarat under Phase-I: Part Bl scheme (3 GW at Navinal S/s). The SPV has to be transferred to the successful bidder selected through International Competitive Bidding Process under Tariff Based Competitive Bidding Guidelines for Transmission Service issued by Ministry of Power.

Earlier, PFC Consulting had been appointed by Ministry of Power (MOP) September 12, 2024, as Bid Process Coordinator (BPC) for the purpose of selection of Bidder as Transmission Service Provider (TSP) to establish the above-mentioned transmission system through Tariff Based Competitive Bidding Process.

Power Finance Corporation is central PSU under Ministry of Power and India's leading NBFC.