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New Delhi: 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.
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