PFC Consulting Ltd selected as Bid Process Coordinator for independent transmission projects  PSU Watch Archives
News Updates

PFC Consulting Ltd selected as Bid Process Coordinator for independent transmission projects

PFC Consulting Limited has been nominated as the 'Bid Processor Coordinator' for selecting developers through a tariff-based competitive process for independent transmission projects (ITPs) by Ministry of Power

PSU Watch Bureau

New Delhi: State-owned Power Finance Corporation Limited (PFC) said in a regulatory filing on Thursday that its wholly-owned subsidiary, PFC Consulting Limited has been nominated as the 'Bid Processor Coordinator' for selecting developers through a tariff-based competitive process for independent transmission projects (ITPs) by Ministry of Power.

Role of PFC as BPC

As per the guidelines issued by the Ministry, the filing said, the BPC has to prepare a project profile and initiate the process for land acquisition and forest clearances, if required. The filing also noted that for carrying out such activities, a special purpose vehicle (SPV) should be incorporated which will focus on undertaking preliminary activities like survey and preparation of the report, initiating land acquisition, and seeking forest clearances.

The SPV will then be transferred to the successful bidder via International Competitive Bidding Process as per the guidelines issued by the Ministry of Power, the BSE filing said.

UPPTCL placed LoI for appointing PFC Consulting to be BPC

Further, the filing highlighted that UP-Power Transmission Corporation Limited (UPPTCL) placed a Letter of Intent (LoI) for appointing PFC Consulting Limited to be BPC as Transmission Service Provider to establish transmission system for construction of 220/132/33 kV Tirwa (Kannauj) substation with associated lines and LILO of one circuit of 400 kV D/C (Twin Moose) Shamli Aligarh line at THDC 2*660 MW Khurja Power Plant. For this project, the successful bidder will be selected through a bidding process, it said.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

NTPC revises 2032 capacity addition target by 15% to 149 GW, earmarks Rs 7 lakh crore investment

NLC India commissions 1st phase of 300 MW solar project in Rajasthan

NaBFID to borrow $ 1 billion from foreign shores in FY'26; sees tariffs not impacting disbursements

NABARD aims to undertake maiden ECB in FY26: Chairman

SEBI proposes relaxed norms for large IPOs, steps up crackdown on unregistered financial influencers