POWERGRID and Montecarlo acquire transmission SPVs in Maharashtra
Power Grid Corporation of India Limited (POWERGRID) and Montecarlo Limited acquired two transmission Special Purpose Vehicles (SPVs) in Maharashtra on March 12, 2026. The transfers were completed by PFC Consulting Limited (PFCCL) under the Tariff-Based Competitive Bidding (TBCB) process. POWERGRID acquired NES Pune East New Transmission Limited (NPENTL), the SPV established to address transmission constraints in Pune Region-I. The project includes a new 765/400 kV Air Insulated Switchgear (AIS) substation in Ahilyanagar District, along with…