Power Finance Corporation (PFC) has announced the incorporation of two wholly owned subsidiaries under PFC Consulting Limited (PFCCL), a wholly owned subsidiary of PFC. The new entities, Western Ghats PSP Transmission Limited and Hingoli West Power Transmission Limited, have been established to facilitate the development of Independent Transmission Projects (ITPs) in Maharashtra.
Western Ghats PSP Transmission Limited will focus on the establishment of a 400 kV GIS Igatpuri/Murbad Switching Station in Thane district. Meanwhile, Hingoli West Power Transmission Limited is tasked with setting up a 400 kV AIS Hingoli West in Hingoli district.
PFCCL has been appointed as the Bid Process Coordinator (BPC) by the Ministry of Power, Government of India, for selecting developers through tariff-based competitive bidding for these transmission projects. The BPC’s responsibilities include preparing project profiles, initiating land acquisition, and obtaining necessary forest clearances.
The newly incorporated Special Purpose Vehicles (SPVs) will carry out preparatory activities such as conducting surveys, preparing reports, and initiating land acquisition processes. These SPVs are intended to be transferred to the successful bidders selected through the International Competitive Bidding Process.
The Government of Maharashtra, through its Government Resolution dated 27 February 2026, has confirmed the appointment of PFCCL as the BPC for these projects, following a decision by the Empowered Committee in its meeting held on 12 January 2026.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).