Power Finance Incorporates Alibag Power Transmission as Subsidiary to Boost Maharashtra Transmission Project

Power Finance Corporation Ltd (PFC) has expanded its infrastructure development initiative with the incorporation of Alibag Power Transmission Limited, a wholly-owned subsidiary of its consulting arm PFC Consulting Limited (PFCCL). The SPV will focus on preparing the groundwork for a high-voltage AIS transmission system project located in Dolvi, Raigad district, Maharashtra.

As the appointed Bid Process Coordinator by the Maharashtra State Electricity Transmission Company Limited (MSETCL), PFCCL will develop the transmission scheme, conduct land surveys, initiate land acquisition, and secure necessary forest clearances for the project. The SPV is intended to be transferred to the successful bidder post the tariff-based competitive bidding process, as per Ministry of Power guidelines.

This strategic move strengthens PFC’s role in advancing critical power infrastructure, particularly in Maharashtra’s power transmission sector, ensuring smoother project execution and fostering competitiveness among bidders.

Key Highlights

• Alibag Power Transmission Ltd incorporated as wholly-owned subsidiary of PFC Consulting Limited.
• Project involves establishing a 765/400/220 kV AIS power transmission system in Dolvi, Maharashtra.
• PFCCL acts as Bid Process Coordinator, managing survey, land acquisition, and clearances.
• SPV to be handed over to the successful bidder after completion of competitive bidding.
• Reinforces PFC’s commitment to develop power transmission infrastructure and efficient project delivery.

Sources: ScanX Trade, PFC India official sites, Investing.com