Saswad Transmission Is Live—And It’s Carrying More Than Just Current

Power Finance Corporation Ltd (PFC) has announced the incorporation of a new subsidiary, Saswad Transmission Ltd, through its arm PFC Consulting Ltd. The move is part of a broader plan to develop intra-state transmission infrastructure in Maharashtra, with a focus on improving power reliability and capacity in the Pune region.

 

Key Highlights:

 

New Entity Formed: Saswad Transmission Ltd has been incorporated as a wholly owned subsidiary of PFC Consulting Ltd, which itself is a fully owned unit of PFC.
 

Project Scope: The subsidiary will oversee the development of a 400/220 kV AIS substation at Saswad, Pune, under a tariff-based competitive bidding model.
 

Government Backing: The Government of Maharashtra has officially appointed PFC Consulting as the Bid Process Coordinator for this project, signaling strong state-level support.
 

Strategic Importance: The substation is expected to play a key role in strengthening Maharashtra’s intra-state transmission network, especially in high-demand urban and industrial zones.
 

Next Steps: Saswad Transmission will manage the bidding, construction, and eventual handover of the project to a selected transmission service provider.

 

This development reinforces PFC’s role as a central player in India’s power infrastructure push, especially in facilitating public-private partnerships for critical grid upgrades.

 

Sources: Rediff Money, PFC India, PFC Consulting Share Purchase Agreement.