PFC Consulting Transfers Solapur Transmission SPV to Torrent Power as Part of Transmission Project Acquisition

‘PFC Consulting Limited’, a wholly-owned subsidiary of Power Finance Corporation Limited, a Maharatna CPSE, has transferred a transmission project-specific Special Purpose Vehicle (SPV) ‘Solapur Transmission Limited’ to ‘Torrent Power Limited’, the successful bidder, on March 20, 2024.
The SPV was transferred in the presence of Shri Manoj Rana, CEO, PFCCL, Shri Sudhir Prasad, Executive Director, Torrent Power limited & other Senior Officials of PFC Consulting Limited & Torrent Power Limited.
The selection of successful bidder was carried out through Tariff Based Competitive Bidding (TBCB) process for selection of Transmission Service Provider for establishment of transmission system in line with Guidelines notified by Ministry of Power, Government of India.