PowerGrid Acquires Two SPVs from PFC
POWER & RENEWABLE ENERGY

PowerGrid Acquires Two SPVs from PFC

PowerGrid Corporation of India Limited (PowerGrid) has successfully acquired two Special Purpose Vehicles (SPVs) from PFC Consulting Limited (PFCCL), a wholly-owned subsidiary of Power Finance Corporation (PFC). This acquisition is a strategic move aimed at enhancing PowerGrid's capabilities in the transmission sector, particularly in supporting India's rapidly growing renewable energy infrastructure.

The two SPVs acquired are involved in critical transmission projects that are essential for integrating renewable energy into the national grid. These projects include the establishment of high-capacity transmission corridors that will facilitate the transfer of electricity from renewable energy generation hubs to demand centers across the country.

PowerGrid, India's largest electric power transmission utility, has been actively expanding its footprint in the renewable energy sector. By acquiring these SPVs, PowerGrid is not only bolstering its project portfolio but also reinforcing its commitment to supporting the government’s goal of achieving a substantial increase in renewable energy capacity.

The SPVs were originally set up by PFCCL to develop transmission projects that are crucial for the evacuation of power from renewable energy projects. The acquisition aligns with PowerGrid's strategic objectives to enhance the country’s transmission network, ensuring that the energy generated from renewable sources is efficiently transmitted to the national grid.

This move comes at a time when India is focusing heavily on renewable energy to meet its climate goals and reduce its dependence on fossil fuels. The government has been encouraging investments in the transmission sector to support the integration of renewable energy sources, which are often located in remote areas far from urban centers.

PowerGrid’s acquisition of these SPVs is expected to lead to the timely completion of the transmission projects, which are essential for supporting the renewable energy ecosystem in India. The transaction highlights the ongoing collaboration between government entities like PFC and PowerGrid to develop critical infrastructure that will play a key role in India’s energy transition.

This acquisition not only strengthens PowerGrid's position as a leader in the transmission sector but also underscores its role in driving the growth of renewable energy in India. With this acquisition, PowerGrid is poised to play an even more significant role in shaping the future of the country’s energy infrastructure.

PowerGrid Corporation of India Limited (PowerGrid) has successfully acquired two Special Purpose Vehicles (SPVs) from PFC Consulting Limited (PFCCL), a wholly-owned subsidiary of Power Finance Corporation (PFC). This acquisition is a strategic move aimed at enhancing PowerGrid's capabilities in the transmission sector, particularly in supporting India's rapidly growing renewable energy infrastructure.The two SPVs acquired are involved in critical transmission projects that are essential for integrating renewable energy into the national grid. These projects include the establishment of high-capacity transmission corridors that will facilitate the transfer of electricity from renewable energy generation hubs to demand centers across the country.PowerGrid, India's largest electric power transmission utility, has been actively expanding its footprint in the renewable energy sector. By acquiring these SPVs, PowerGrid is not only bolstering its project portfolio but also reinforcing its commitment to supporting the government’s goal of achieving a substantial increase in renewable energy capacity.The SPVs were originally set up by PFCCL to develop transmission projects that are crucial for the evacuation of power from renewable energy projects. The acquisition aligns with PowerGrid's strategic objectives to enhance the country’s transmission network, ensuring that the energy generated from renewable sources is efficiently transmitted to the national grid.This move comes at a time when India is focusing heavily on renewable energy to meet its climate goals and reduce its dependence on fossil fuels. The government has been encouraging investments in the transmission sector to support the integration of renewable energy sources, which are often located in remote areas far from urban centers.PowerGrid’s acquisition of these SPVs is expected to lead to the timely completion of the transmission projects, which are essential for supporting the renewable energy ecosystem in India. The transaction highlights the ongoing collaboration between government entities like PFC and PowerGrid to develop critical infrastructure that will play a key role in India’s energy transition.This acquisition not only strengthens PowerGrid's position as a leader in the transmission sector but also underscores its role in driving the growth of renewable energy in India. With this acquisition, PowerGrid is poised to play an even more significant role in shaping the future of the country’s energy infrastructure.

Next Story
Resources

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Next Story
Real Estate

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Next Story
Real Estate

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement