PFCCL incorporates three new SPVs for key transmission projects
PFC Consulting Limited (PFCCL) has incorporated three new special purpose vehicles (SPVs) to implement power transmission projects in Maharashtra, Andhra Pradesh, and Telangana. These SPVs were formed to execute projects under the Tariff-Based Competitive Bidding (TBCB) framework. The first two SPVs—Wagdari Transmission Limited and Kurnool IV REZ Power Transmission Limited—were incorporated on 14 June 2025. The third, Saswad Transmission Limited, was incorporated on 16 June 2025. Wagdari Transmission Limited This SPV will implement the “Establishment…