Saswad Transmission incorporated as wholly-owned subsidiary of PFC Consulting

Saswad Transmission, a Special Purpose Vehicle (SPV) Company has been incorporated as wholly owned subsidiary of PFC Consulting Limited (PFCCL) (a wholly owned subsidiary of Power Finance Corporation Limited (PFC). It has been incorporated for the development of "Establishment of 400/220 kV LIMITED Saswad (Dist. Pune)".

Maharashtra State Electricity Transmission Company Limited (MSETCL) has placed Letter of Intent (LOI) dated 19.03.2025 appointing PFC Consulting Limited (PFCCL) as Bid Process Coordinator (BPC) for the purpose of selection of Bidder as Transmission Service Provider (TSP) to establish the afore-mentioned transmission system through Tariff Based Competitive Bidding Process.

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 As per the provisions of tariff tariff-based competitive bidding Guidelines issued by the Ministry of Power, the BPC has to prepare the project profile and initiate the process of land acquisition and forest clearance, if required. For these activities, a Special Purpose Vehicle (SPV) is required to be incorporated which will take up various preparatory activities of the transmission projects, e.g. survey and preparation of report, initialization of the process of acquisition of land and also initiate the process of seeking forest clearance, if required.

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.

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Accordingly, the above SPV has been incorporated as a wholly owned subsidiary of PFCCL to develop the aforementioned transmission scheme.

The SPV will be transferred to the successful bidder after the completion of the bidding process. The successful bidder selected through the bidding process would develop the project.

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