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Private Sector | Andhra Pradesh - India | PID: 203787
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A special purpose vehicle (SPV) company, 'Kurnool-III PS RE Transmission' has been incorporated as a wholly-owned subsidiary of PFC Consulting (PFCCL), a wholly-owned subsidiary of Power Finance Corporation (PFC).
The SPV is tasked with "transmission system strengthening at Kurnool-III PS for integration of additional RE generation projects".
The Ministry of Power (MOP) had appointed PFCCL as bid process coordinator (BPC) for the purpose of selection of bidder as transmission service provider (TSP) to establish the transmission system through tariff-based competitive bidding process.
The BPC has to prepare the project profile and initiate the process of land acquisition and forest clearance, if required. The SPV company will take up various preparatory activities of the transmission projects e.g. survey and preparation of report, initialisation of the process of acquisition of land and related procedures.
This SPV will be transferred to the successful bidder after the completion of the bidding process. The successful bidder selected through the bidding process would develop the project.
| Updated on: 20 - Dec - 2024
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