PFC Consulting transfers Solapur Transmission project to Torrent Power

State-owned PFC Consulting Ltd has transferred Solapur Transmission project to private player Torrent Power, a statement said on Thursday. The selection of the successful bidder was carried out through a tariff-based competitive bidding process for the selection of transmission service provider for the establishment of a transmission system.

The project-specific special purpose vehicle was transferred to Torrent Power on Wednesday, PFC said in a statement.

PFC Consulting is a wholly owned subsidiary of Power Finance Corporation (PFC) -- a leading non-banking financial corporation under the Ministry of Power.


The power ministry has nominated PFC Consulting as the bid process coordinator for selection of a developer through tariff-based competitive bidding for the independent transmission projects.