|

PFCCL transfers two SPVs for transmission projects

By

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…

|

PFC Consulting forms SPV for 3 GW renewable power transmission in Gujarat

By

PFC Consulting Limited (PFCCL), a subsidiary of Power Finance Corporation (PFC), has incorporated a special purpose vehicle (SPV) named Raghanesda RE Transmission Limited.  The SPV will oversee the development of the “Transmission System for evacuation of renewable energy power from the Raghanesda area of Gujarat – 3 GW under Phase-I.” The project, with an estimated cost of Rs 18.55 billion, will be executed under the tariff-based competitive bidding (TBCB) process.  PFCCL has been designated as…

|

PFCCL establishes SPV for Kandla Green Hydrogen transmission project

By

PFC Consulting Limited (PFCCL) incorporated Kandla GHA Transmission Limited, a special purpose vehicle (SPV) for development of the Transmission System for supply of power to Green Hydrogen/Ammonia manufacturing potential in Kandla area of Gujarat (Phase-I: 3 GW) on November 28, 2024. The project includes the establishment of a 765/400 kV gas-insulated substation (GIS) at Kandla, which will feature provisions for future capacity expansion. It will also involve the construction of a 765 kV double-circuit transmission…

|

Adani Energy acquires Pune-III Transmission for Khavda project

By

Adani Energy Solutions Limited (AESL) acquired Pune-III Transmission Limited, a special purpose vehicle (SPV) for development of the Transmission System for Evacuation of Power from potential renewable energy zone in Khavda area of Gujarat under Phase-IV (7GW): Part D on November 19, 2024. PFC Consulting Limited (PFCCL) served as the bid process coordinator (BPC) for selection of transmission service provider (TSP) for establishment of the project through tariff based competitive bidding (TBCB) mode process on…

|

Tata Power acquires Paradeep Transmission for ERES XXXIV Expansion

By

Paradeep Transmission, a wholly-owned subsidiary of PFC Consulting created to develop the Eastern Region Expansion Scheme-XXXIV (ERES XXXIV), has been transferred to Tata Power Company.  The sale and transfer process to Tata Power, the successful bidder, was finalized on 06 November 2024. The sale consideration was determined as per guidelines set by the Ministry of Power, Government of India.

|

PFC issues bids for 6 GW transmission systems for green hydrogen and ammonia projects

By

PFC Consulting has invited bids to establish transmission systems for evacuating 6 GW of power to support green hydrogen and ammonia manufacturing projects in Kandla and Mundra, Gujarat. The projects will be executed on a build, own, operate, and transfer (BOOT) basis, encompassing surveys, detailed project reports, financing, project management, permit acquisition, land compensation, design, engineering, procurement, construction, testing, and commissioning. For the Kandla Transmission Project (Phase 1), bids must be submitted by December 17,…

|

PFCCL transfers four SPVs to PGCIL and Adani Energy

By

On October 15, 2024, PFC Consulting Ltd (PFCCL) transferred four special purpose vehicles (SPVs) for interstate transmission system (ISTS) projects to their winning developers, selected through tariff-based competitive bidding (TBCB). The projects were handed over to Power Grid Corporation of India Ltd (PGCIL) and Adani Energy Solutions Ltd (AESL), with each developer receiving two projects. The SPVs, previously incorporated as PFCCL subsidiaries, were transferred as follows: South Olpad Transmission Ltd (incorporated January 19, 2024), handling…