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PFC Incorporates Mahasamund Power Transmission Limited SPV

PFC Consulting Limited incorporates Mahasamund Power Transmission Limited as wholly owned SPV for 400 kV Pithora transmission system in Mahasamund.
PFC Incorporates Mahasamund Power Transmission Limited SPV

New Delhi: Power Finance Corporation Limited (PFC) has informed the stock exchanges about the incorporation of a new Special Purpose Vehicle (SPV).

Key Details

  • Name of SPV: Mahasamund Power Transmission Limited

  • Status: Wholly owned subsidiary of PFC Consulting Limited (PFCCL), which is itself a wholly owned subsidiary of PFC

  • Purpose: Development of transmission system for 400 kV Sub-Station Pithora, Mahasamund

 

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Background

PFC Consulting Limited has been nominated as the Bid Process Coordinator (BPC) for selection of the developer through Tariff Based Competitive Bidding (TBCB) process for the Independent Transmission Project.

The SPV has been incorporated to undertake preparatory activities such as survey, preparation of reports, initiation of land acquisition process and forest clearance (if required). After completion of the bidding process, the SPV will be transferred to the successful bidder who will develop the project.

The intimation has been submitted to NSE and BSE for information and record.

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