Power Grid Corporation of India Limited (POWERGRID) acquired three Project Special Purpose Vehicles (SPVs) for various Transmission System Projects after competing with various private sector players and emerging as successful bidder in the Tariff Based Competitive Bidding process (TBCB) conducted by PFC Consulting Limited . These Project SPVs are Bhadla Sikar Transmission Limited, Dharamjaigarh Transmission Limited and Raipur Pool Dhamtari Transmission Limited.
PFC Consulting Limited’, a wholly owned subsidiary of Power Finance Corporation Limited, , has transferred three transmission projects (Special Purpose Vehicles) namely ‘Bhadla Sikar Transmission Limited’, ‘Dharamjaigarh Transmission Limited’ & ‘Raipur Pool Dhamtari Transmission Limited’ to ‘Power Grid Corporation Of India Limited’, the successful bidder, yesterday .
The SPVs were transferred in the presence of Shri Manoj Rana, CEO, PFCCL, Shri A.K. Singhal, Executive Director, PGCIL & other Senior Officials of PFC Consulting Limited & Power Grid Corporation of India Limited.
The SPV ‘Bhadla Sikar Transmission Limited’ was incorporated for establishment of ‘Transmission System Strengthening Scheme for Evacuation of Power from Solar Energy Zones in Rajasthan (8.1 GW) under Phase-II Part-E.
The SPV ‘Dharamjaigarh Transmission Limited’ and the SPV ‘Raipur Pool Dhamtari Transmission Limited’ were incorporated for establishment of ‘Western Region Expansion Schemes’.
