Power Finance Corporation Ltd Subsidiary Appointed as Bid Process Coordinator for NERGS II Siang Basin Transmission System

Power Finance Corporation Ltd (PFC) announced that its wholly owned subsidiary, PFC Consulting Limited (PFCCL), has been appointed as the Bid Process Coordinator (BPC) by the Ministry of Power (MoP) for the selection of a Bidder as Transmission Service Provider (TSP) for the NERGS-II Siang Basin transmission system. PFCCL will oversee the tariff-based competitive bidding process for this project. A Special Purpose Vehicle (SPV), NERGS II SIANG BASIN TRANSMISSION LIMITED, has been incorporated as a wholly owned subsidiary of PFCCL to undertake preparatory activities such as survey, land acquisition, and forest clearance, if required. The SPV will be transferred to the successful bidder upon completion of the bidding process.