Power Finance Corporation Ltd's subsidiary PFCCL incorporated a new SPV, Fatehgarh II Transmission Limited, as a wholly-owned subsidiary.
The SPV was created to develop a transmission project involving 2 synchronous condenser units at Fatehgarh-II PS through tariff-based bidding.
PFCCL acts as Bid Process Coordinator for the project, which was notified by Ministry of Power under TBCB mode in October 2025.
The SPV will handle preparatory activities including land acquisition and will be transferred to the successful bidder after project award.