PFC Consulting Transfers Solapur Transmission SPV to Torrent Power

PFC Consulting Transfers Solapur Transmission SPV to Torrent Power

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

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

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The selection of a 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 Energy of the Government of India.

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

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Project details:

The SPV 'Solapur Transmission Limited' was constituted for the establishment of a 'Transmission System for evacuation of power from renewable energy projects in Solapur Special Economic Zone (1500 MW) in Maharashtra'. The scope of work involves Establishment of 400/220 kV Substation at Solapur and Solapur PS – Solapur (PG) 400 kV D/c line and other associated elements.

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