PFC Consulting Limited (PFCCL), a wholly owned subsidiary of Power Finance Corporation (PFC), has incorporated a new special purpose vehicle (SPV) named Tumkur II RE Transmission Limited.
The SPV has been established for the development of a transmission system to strengthen the grid at Tumkur-II for the integration of an additional 1.5 GW of renewable energy capacity. The Ministry of Power appointed PFCCL as the bid process coordinator for this project under tariff-based competitive bidding guidelines. PFCCL will oversee activities such as land acquisition, forest clearance, and project preparation through this SPV. Once the bidding process is complete, the SPV will be transferred to the successful bidder for execution of the transmission project.