PFC Consulting Ltd (PFCCL) has newly incorporated three project special purpose vehicles for the development of as many interstate transmission system (ISTS) schemes, where the developer would be selected using the tariff-based competitive bidding (TBCB) mechanism.
In a stock exchange communication, Power Finance Corporation, the holding company of PFCCL, said that PFCCL has incorporated the following three project SPVs, as its wholly-owned subsidiaries:
Project SPV: Beawar-Mandsaur Transmission Ltd
ISTS Scheme: Transmission system for evacuation of power from Rajasthan REZ Ph-IV (Part-2:5.5 GW) (Jaisalmer/ Barmer Complex): Part D”
Project SPV: Sirohi Transmission Ltd
ISTS Scheme: Transmission system for evacuation of power from Rajasthan REZ Ph-IV (Part-2:5.5 GW) (Jaisalmer/ Barmer Complex): Part B”
Project SPV: South Olpad Transmission Ltd
ISTS Scheme: Transmission system for evacuation of power from potential renewable energy zone in Khavda area of Gujarat under Phase-IV (7GW): Part B
PFCCL is acting as the bid process coordinator for these schemes and is responsible for selection of the developer using the tariff-based competitive bidding process.
Upon their selection, these project SPVs will be transferred to the respective developer.
Also read: PFCCL Incorporates SPV For Khavda Transmission Scheme