New Launch30 Sept 2025, 04:23 pm
Power Finance Corporation Ltd Subsidiary Incorporates SPV for Transmission Scheme Development
AI Summary
Power Finance Corporation Ltd (PFC) announced the incorporation of a Special Purpose Vehicle (SPV) named South Kalamb Power Transmission Limited by its wholly owned subsidiary, PFC Consulting Limited (PFCCL). The SPV has been set up to undertake preparatory activities for the development of the 'Network Transmission Expansion Scheme for drawal of power at South Kalamb S/s: Part A'. The Ministry of Power has appointed PFCCL as the Bid Process Coordinator (BPC) for the selection of a Transmission Service Provider (TSP) through a Tariff Based Competitive Bidding Process. The SPV will be transferred to the successful bidder after the completion of the bidding process.
Key Highlights
- Power Finance Corporation Ltd subsidiary, PFC Consulting Limited, incorporates SPV named South Kalamb Power Transmission Limited
- SPV set up for preparatory activities of the 'Network Transmission Expansion Scheme for drawal of power at South Kalamb S/s: Part A'
- Ministry of Power appoints PFCCL as Bid Process Coordinator for selection of Transmission Service Provider
- SPV to be transferred to the successful bidder after completion of bidding process
- Transmission Service Provider to be selected through Tariff Based Competitive Bidding Process