Date: 13.11.2026

Subsidiary Incorporation

  • PFC Consulting Limited (PFCCL), a wholly-owned subsidiary of Power Finance Corporation Limited, has incorporated Mahasamund Power Transmission Limited as a wholly-owned Special Purpose Vehicle (SPV)
  • The SPV was incorporated for developing the "Transmission System for 400KV S/S Pithora, Mahasamund" project

Project Background and Regulatory Context

  • PFCCL has been nominated as the 'Bid Process Coordinator' (BPC) for selection of developer through tariff based competitive bidding for Independent Transmission Projects (ITPs) by Ministry of Power, Government of India
  • The incorporation follows Tariff Based Competitive Bidding Guidelines issued by the Ministry of Power
  • A joint team of Central Electricity Authority, Central Transmission Utility of India Limited, Grid-India and Chhattisgarh State Power Transmission Company Limited (CSPTCL) nominated PFCCL as BPC during their 02nd Meeting held on 12.02.2026 and 13.02.2026
  • CSPTCL conveyed its approval via revised Letter of Intent No. 02-19/T-26/519 dated 03.07.2026

SPV Purpose and Activities

  • The SPV will undertake preparatory activities including survey and preparation of report
  • It will initialize the process of acquisition of land for the transmission project
  • It will initiate the process of seeking forest clearance, if required

Future Transfer Arrangement

  • The SPV will be transferred to the Successful Bidder selected through International Competitive Bidding Process under Tariff Based Competitive Bidding Guidelines
  • The successful bidder will develop the project after the bidding process is completed