Incorporation of five wholly owned Subsidiaries of PFC Consulting Limited (a wholly owned subsidiary of Power Finance Corporation Limited)- (i) JAM KHAMBHALIYA REZ TRANSMISSION LIMITED (ii) LAKADIA A POWER TRANSMISSION LIMITED (iii) LAKADIA C POWER TRANSMISSION LIMITED (iv) ANANTHPURAM TRANSMISSION LIMITED (v) KRISHNAGIRI REZ TRANSMISSION LIMITED
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Power Finance Corporation (PFC) has announced that its wholly owned subsidiary, PFC Consulting Limited (PFCCL), has incorporated five Special Purpose Vehicle (SPV) companies to act as Bid Process Coordinator for transmission projects. These SPVs will handle preparatory activities like land acquisition, survey reports, and forest clearances before being transferred to successful bidders selected through Tariff Based Competitive Bidding (TBCB). The five transmission projects include Jam Khambhaliya REZ (6.5GW combined), Lakadia (7.5GW), Ananthpuram (3GW), and Krishnagiri REZ, covering renewable energy evacuation infrastructure across multiple states in India. The projects were recommended by National Committee on Transmission (NCT) and notified by Ministry of Power through gazette notifications. All SPVs will eventually be sold to private developers selected via international competitive bidding.
This is a routine administrative filing establishing project vehicles that will be transferred to private bidders, with no direct revenue or profit impact on PFC in the near term. However, it positions PFC to earn bid coordination fees and reinforces its role in India's renewable energy transmission buildout.