PFC forms SPV for NERGS III and issues tender for Tumkur II transmission upgrade
Power Finance Corporation has incorporated a new Special Purpose Vehicle named NERGS III Siang Basin Transmission Limited. The entity is a wholly owned subsidiary of PFC Consulting Limited, which is fully owned by PFC. The SPV will implement the NERGS III Siang Basin transmission project. The Ministry of Power issued a Gazette Notification on 18 September 2025 that appointed PFC Consulting as the Bid Process Coordinator for selecting a Transmission Service Provider under the tariff…
