Date: 15.10.2026
Subsidiary Incorporation
PFC Consulting Limited (PFCCL), a wholly owned subsidiary of Power Finance Corporation Limited (PFC), has incorporated a new Special Purpose Vehicle (SPV) company named Kadapa II REZ Transmission Limited. This SPV is a wholly owned subsidiary of PFCCL.
Project Purpose
The SPV was incorporated for the development of the "Transmission System for Integration of Kadapa-II REZ (Phase-1)" project. The SPV will undertake various preparatory activities including survey and report preparation, initiation of land acquisition process, and seeking forest clearance if required.
Transfer Mechanism
The SPV will be transferred to the successful bidder selected through the International Competitive Bidding process under Tariff Based Competitive Bidding Guidelines. The successful bidder will then develop the complete transmission project.