PFCCL transfers two transmission project SPVs to Power Grid Corporation of India

PFC Consulting Ltd (PFCCL) has transferred two special purpose vehicles (SPVs) related to interstate transmission system (ISTS) schemes to Power Grid Corporation of India Ltd (PGCIL), the winning developer under the tariff-based competitive bidding (TBCB) mechanism. The formal transfer was completed on August 22, 2024, as confirmed by a stock exchange filing from Power Finance Corporation Ltd, the parent company of PFCCL. The first SPV, Sirohi Transmission Ltd, is linked to the transmission system for…