PFC Consulting Transfers Solapur Transmission SPV to Torrent Power as Part of Transmission Project Acquisition – Sarkaritel.com

New Delhi, March 21: 'PFC Consulting Limited'a wholly owned subsidiary of Power Finance Corporation Limited, a Maharatna CPSE, has transferred a special purpose vehicle (SPV) specific to the transmission project. 'Solapur Transmission Limited' to 'Torrent Power Limitedsuccessful bidder, on March 20, 2024.

The SPV was transferred in the presence of Manoj Rana, CEO of PFCCL, Sudhir Prasad, CEO of Torrent Power Limited and other senior officials of PFC Consulting Limited and Torrent Power Limited.

Selection of successful bidder was carried out through Tariff Based Competitive Bidding (TBCB) process for selection of transmission service provider for establishment of transmission system in accordance with the guidelines notified by the Ministry of Power of the Government of India.

Manoj Rana, CEO of PFCCL, Sudhir Prasad, CEO of Torrent Power Limited and other senior officials of PFC Consulting Limited and Torrent Power Limited during the MoA exchange ceremony.

Project details: The SPV 'Solapur Transmission Limited' was incorporated for establishment of 'Transmission System for Evacuation of Power from Renewable Energy Projects in Solapur Special Economic Zone (1500 MW) in Maharashtra'. The scope of work includes establishment of 400/220 kV substation at Solapur and 400 kV D/c Solapur PS – Solapur (PG) line and other associated items.

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