PFC Consulting transfers three power transmission projects to Power Grid Corp

State-owned Power Finance Corporation arm PFC Consulting on Wednesday said it has transferred three special purpose vehicles, which were set up to implement different transmission projects, to Power Grid Corporation.

''PFC Consulting Ltd, a wholly-owned subsidiary of Power Finance Corporation Ltd, has transferred three transmission projects (special purpose vehicles) namely 'Bhadla Sikar Transmission Ltd', 'Dharamjaigarh Transmission Ltd' & 'Raipur Pool Dhamtari Transmission Ltd' to Power Grid Corporation of India Ltd, the successful bidder, on March 28, 2023,'' a statement said.

The bidder was selected through the tariff-based competitive bidding process. Bids were sought for the selection of a transmission service provider for setting up of transmission system in line with guidelines notified by the power ministry.

One of the SPVs -- Bhadla Sikar Transmission Ltd -- was incorporated for establishment of transmission system strengthening scheme for evacuation of power from solar energy zones in Rajasthan (8.1 GW) under Phase-II Part-E.

The other two SPVs -- Dharamjaigarh Transmission Ltd and Raipur Pool Dhamtari Transmission Ltd -- were incorporated for establishment of the Western Region Expansion Schemes.

Meanwhile, Power Grid Corp said in a statement it has acquired three special Purpose vehicles (SPVs) for various transmission system projects.

The company has won the SPVs after emerging as successful bidder in a tariff based competitive bidding process conducted by PFC Consulting Limited.

The name of these project SPVs are Bhadla Sikar Transmission Limited, Dharamjaigarh Transmission Limited and Raipur Pool Dhamtari Transmission Limited.

Bhadla Sikar Transmission shall implement a transmission project in Rajasthan, while the Dharamjaigarh Transmission Limited and Raipur Pool Dhamtari Transmission Limited shall implement transmission system projects for EHV transmission system strengthening in Western Region Grid.