PFC Consulting Limited (PFCCL), a wholly owned subsidiary of Power Finance Corporation Limited, has incorporated a special purpose vehicle (SPV) named NER Expansion Transmission Limited to develop the “North-Eastern Region Expansion Scheme-XXV Part-A (NERES-XXV Part-A).”
The Ministry of Power has appointed PFCCL as the bid process coordinator for selecting a transmission service provider through a tariff-based competitive bidding process. The SPV will undertake preparatory activities such as survey, project profile preparation, land acquisition, and forest clearance where required. Once the selection process is completed, the SPV will be transferred to the successful bidder for the execution of the transmission system project.