Power Finance Corporation Limited forms four SPVs to accelerate power transmission projects in Rajasthan and Karnataka

Power Finance Corporation Limited (PFC) established four wholly owned subsidiaries—Babai Transmission Limited, Bikaner Transmission Limited, Humnabad Power Transmission Limited, and Hebbani Power Transmission Limited—to accelerate the development of critical interstate power transmission projects in Rajasthan and Karnataka. These special purpose vehicles (SPVs) will be managed by PFC Consulting Limited (PFCCL) in its capacity as the Bid Process Coordinator, facilitating the execution of key infrastructure projects aimed at strengthening India's power grid. The initiative targets the enhancement of transmission capacity to support renewable energy integration and grid stability in the two states. By creating dedicated entities for project execution, PFC aims to streamline project development and improve operational efficiency. The move aligns with India's broader push to modernize its power infrastructure and meet growing electricity demand.

Counterparts (6)

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Power Finance Corporation

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India's largest power sector-focused Non-Banking Financial Company (NBFC), Power Finance Corporation (PFC) reported a loan asset book exceeding INR 4.5 trillion as of FY23, providing comprehensive financial products for generation, transmission, distribution, and renewable energy projects across the country.

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Babai Transmission Limited

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Hebbani Power Transmission Limited

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Humnabad Power Transmission Limited

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Bikaner Transmission Limited

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PFC Consulting

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PFC Consulting Limited is an Indian infrastructure development and advisory company. It provides consultancy and advisory services across various infrastructure sectors, including power, renewable energy, and urban infrastructure.