PFC Consulting (PFCCL), a wholly-owned subsidiary of Power Finance Corporation (PFC), has incorporated a special purpose vehicle (SPV), NERGS III Siang Basin Transmission.
The SPV will oversee the development of the "NERGS-III Siang Basin" transmission project. The Ministry of Power (MoP) has appointed PFCCL as the Bid Process Coordinator (BPC) to facilitate the selection of a Transmission service provider (TSP) for the project. As per MoP guidelines, PFCCL will prepare the project profile and handle initial activities like land acquisition and forest clearance, and the SPV is required for preparatory activities, such as survey and preparation of report and others.
Following the competitive bidding process, the SPV will be transferred to the successful bidder, who will complete the project development.