SPV

India | News

KPI Green Energy forms new SPV for renewable projects
By August 28, 2025August 28, 2025

KPI Green Energy Limited has established a Special Purpose Vehicle (SPV), named KPIN Clean Power One LLP. The SPV will focus on renewable energy generation and distribution. The SPV, KPIN Clean Power One LLP, was incorporated with contributions of Rs. 99,000 from KPI Green Energy and Rs. 1,000 from its wholly owned subsidiary, KPark Sunbeat Private Limited. The entity has not yet started business operations. KPIN Clean Power One LLP will operate in the renewable…

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Resonia secures Ananthapur-II REZ transmission project; PFCCL sets up SPV for Pune expansion
By April 3, 2025April 3, 2025

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 transfer (BOOT) basis for 35 years. Meanwhile, PFC Consulting Limited (PFCCL) has incorporated a new SPV, NES Pune East New…

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PGCIL acquires two SPVs for transmission projects in Karnataka and Rajasthan
By March 26, 2025March 26, 2025

Power Grid Corporation of India Limited (PGCIL) has acquired two special purpose vehicles (SPVs) to implement key transmission projects in Karnataka and Rajasthan. The two SPVs are: Chitradurga Bellary REZ Transmission Limited – Responsible for “Transmission Scheme for integration of Davanagere / Chitradurga and Bellary REZ in Karnataka.” Fatehgarh II And Barmer I PS Transmission Limited – Responsible for “Augmentation at Fatehgarh-II PS, Fatehgarh-IV PS (Section II) and Barmer-I PS.” The acquisition, completed on March…

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Adani Energy forms SPV for power T&D
By December 20, 2024December 21, 2024

Adani Energy Solutions Limited (AESL) incorporated Adani Energy Solutions Step-Ten Limited (AESSTL) on December 18, 2024. The special purpose vehicle (SPV) will focus on the transmission, distribution, and supply of power, along with other infrastructure services.

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Adani Energy incorporates SPV for power infrastructure services
By December 19, 2024December 19, 2024

Adani Energy Solutions Limited (AESL) established Adani Energy Solutions Step-Eleven Limited (AESSEL), a special purpose vehicle (SPV), on December 17, 2024. The SPV will focus on transmission, distribution, power supply, and other infrastructure services.

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Reliance Power establishes SPV for renewable energy projects
By December 13, 2024December 13, 2024

Reliance Power Limited (RPL) incorporated Reliance NU Energies Private Limited, a special purpose vehicle, on December 10, 2024. The entity will focus on developing renewable energy projects, including solar, wind, hybrid systems, and advanced energy storage solutions such as pumped storage hydropower and battery energy storage systems.

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India | News

PFCCL incorporates SPV for North-Eastern Region transmission project
By December 10, 2024December 10, 2024

PFC Consulting Limited (PFCCL), a wholly owned subsidiary of Power Finance Corporation Limited, has established a special purpose vehicle (SPV) named NER Expansion Transmission Limited. The SPV is tasked with developing the “North-Eastern Region Expansion Scheme-XXV Part-A (NERES-XXV Part-A).” The Ministry of Power has appointed PFCCL as the bid process coordinator to select a transmission service provider through a tariff-based competitive bidding process.

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