3.65 (0.98%) Power Finance Corporation’s wholly owned subsidiary -- PFC Consulting has incorporated Special Purpose Vehicle (SPV) as its wholly owned subsidiary (WOS) namely Fatehgarh II And Barmer I PS Transmission for ‘Augmentation at Fatehgarh-11 PS, Fatehgarh-IV PS (Section-II) and Barmer-I PS’. 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 Central Electricity Authority (CEA) on September 25, 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.