NEW DELHI: Power Finance Corporation (PFC) has established four wholly-owned subsidiaries through PFC Consulting Limited as Special Purpose Vehicles (SPVs) to develop transmission systems for upcoming projects in Rajasthan and Karnataka. The move is aimed at facilitating project development ahead of tariff-based competitive bidding, with the SPVs handling preliminary work before transfer to selected developers, strengthening PFC Consulting’s role as bid process coordinator.
PFC SETS UP SPVS
