Power Finance Corporation Limited (PFC) has announced the incorporation of Fatehgarh II Transmission Limited as a wholly owned subsidiary of PFC Consulting Limited (PFCCL), which is itself a wholly owned subsidiary of PFC. The special purpose vehicle (SPV) has been formed for the installation of two Synchronous Condenser (SynCon) units at the 765/400/220 kV Fatehgarh-II…
PFC Consulting Limited (PFCCL) has floated a Request for Proposal (RFP) for the selection of a Transmission Service Provider (TSP) to develop the “Network Expansion Scheme in Western Region to cater to pumped storage potential near Satara (up to 4500 MW) – Part A” under the Inter-State Transmission System (ISTS). The project will be implemented…
PFC Consulting Limited (PFCCL), acting as Bid Process Coordinator, has issued a Request for Proposal (RfP) to select a Transmission Service Provider (TSP) for installation of two synchronous condenser units at the 765/400/220kV Fatehgarh-II Pooling Station in Rajasthan. The project is intended to strengthen grid stability in a region with rapid renewable energy integration. The…
Eight firms have been shortlisted as technically qualified for the selection of transmission service provider (TSP) through tariff-based competitive bidding (TBCB) for the ‘Transmission System for evacuation of RE power from Raghanesda area of Gujarat – 3GW under Phase-I’. The shortlisted bidders are Power Grid Corporation of India Limited (PGCIL), Adani Energy Solutions Limited (AESL),…
PFC Consulting Limited (PFCCL) has incorporated three new special purpose vehicles (SPVs) to implement power transmission projects in Maharashtra, Andhra Pradesh, and Telangana. These SPVs were formed to execute projects under the Tariff-Based Competitive Bidding (TBCB) framework. The first two SPVs—Wagdari Transmission Limited and Kurnool IV REZ Power Transmission Limited—were incorporated on 14 June 2025….
PFC Consulting Limited (PFCCL) has invited Request for Proposal (RfP) bids for selection of a transmission service provider (TSP) through tariff based competitive bidding (TBCB) process on build, own, operate, and transfer (BOOT) basis for the “Network Expansion scheme in Maharashtra for Evacuation of RE Power from Dharashiv, Beed District in Maharashtra.” The last date…
PFC Consulting Limited (PFCCL) has issued a tender for the appointment of a technical consultant for surveying and preparing a report for the Inter-Regional Strengthening between Southern Region (SR) Grid and Eastern Region (ER) Grid. The bid invitation was released on May 13, 2025. The deadline for submission is May 20, 2025. PFCCL has been…
PFC Consulting Ltd (PFCCL) has incorporated three wholly-owned subsidiaries to act as special purpose vehicles (SPVs) for upcoming interstate transmission system (ISTS) projects. These schemes are being developed under the tariff-based competitive bidding (TBCB) framework. Each SPV will be transferred to the selected transmission service provider after the bidding process. All three projects aim to…
Resonia Limited, formerly Sterlite Grid 32 Limited, has won the bid for the “Transmission System for Integration of Ananthapur-II Renewable Energy Zone (REZ) Phase-I” project. The contract was awarded through a tariff-based competitive bidding process in 2025. The company will develop the project under a special purpose vehicle (SPV) on a build, own, operate, and…
PFC Consulting Limited (PFCCL) has transferred Kurnool III PS RE Transmission Limited, a special purpose vehicle (SPV), to Power Grid Corporation of India Limited (PGCIL) for strengthening the transmission system at Kurnool-III PS. The transfer took place on March 27, 2025. POWERGRID received the Letter of Intent (LoI) for the project on March 6, 2025….