PFC Consulting Limited (PFCCL) has incorporated two special purpose vehicles (SPVs), Raghanesda RE Transmission Limited and Kurnool III PS RE Transmission Limited.
Raghanesda RE Transmission Limited is set to develop a transmission system for the evacuation of 3 GW renewable energy power from the Raghanesda area of Gujarat under Phase-I. Meanwhile, Kurnool III PS RE Transmission Limited will focus on strengthening the transmission system at Kurnool-III PS in Andhra Pradesh for the integration of additional renewable energy generation projects. PFCCL has been appointed as the bid process coordinator for selecting transmission service providers for both projects through a tariff-based competitive bidding process.