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Power Finance Corporation transfers Meerut-Simbhavali transmission project to Power Grid Corpn of India

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Capital Market

On 19 December 2019

Power Finance Corporation announced that Meerut-Simbhavali Transmission (an SPV incorporated as a wholly owned subsidiary of PFC Consulting) established for the development of construction of 765/400/220 KV GIS substation Meerut with associated lines and 400/220/132 KV GIS substation Simbhaoli with associated transmission lines has been transferred to Power Grid Corporation of India, the successful bidder on 19 December 2019.

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First Published: Dec 20 2019 | 4:12 PM IST

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