PFC forms four SPVs for transmission projects in Rajasthan, Karnataka
Power Finance Corporation’s wholly owned subsidiary, PFC Consulting Limited, has incorporated four special purpose vehicles (SPVs) to develop high-voltage transmission infrastructure in Rajasthan and Karnataka, the state-owned lender disclosed to stock exchanges on Monday. Two SPVs, Babai Transmission Limited and Bikaner Transmission Limited, will develop transmission systems for 765 kV grid substations at Babai and Bikaner (Pugal) in Rajasthan. These projects were recommended by the State Committee on Transmission and approved by the state government…