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PFCCL transfers two SPVs for transmission projects

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PFC Consulting Ltd (PFCCL) has transferred two project Special Purpose Vehicles (SPVs) to their respective winning bidders for the development of interstate transmission system (ISTS) schemes. The SPVs transferred are: Gadag II & Koppal II Transmission Ltd to Power Grid Corporation of India Ltd Bijapur REZ Transmission Ltd to G R Infraprojects Ltd Both SPVs, originally wholly-owned subsidiaries of PFCCL, will now be under the ownership of the winning developers chosen through the tariff-based competitive…

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G R Infraprojects wins bid for Karnataka Bijapur REZ project

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G R Infraprojects Limited has received a Letter of Intent (LoI) for the Transmission Scheme to integrate the Bijapur Renewable Energy Zone (REZ) in Karnataka.  The project was awarded through a tariff-based competitive bidding (TBCB) process on a build, own, operate, and transfer (BOOT) basis. The work is scheduled for completion by December 12, 2026. Power Finance Corporation Consulting Limited (PFCCL) has been appointed as the bid process coordinator for selecting this project’s transmission service…