Kadapa II REZ Transmission Ltd incorporated as wholly owned subsidiary for Kadapa-II REZ transmission system
Kadapa II REZ Transmission Limited has been incorporated as a wholly owned subsidiary of PFC Consulting Limited, itself a wholly owned subsidiary of Power Finance Corporation Ltd.
By ScoutQuest · · 2 min read
- Newly incorporated subsidiary
- Kadapa II REZ Transmission Limited
- Holding entity
- wholly owned subsidiary of PFC Consulting Limited
- Project to be developed
- Transmission System for Integration of Kadapa-II REZ (phase-I)
What was announced
Power Finance Corporation Ltd has informed the exchanges that a Special Purpose Vehicle (SPV) named Kadapa II REZ Transmission Limited has been incorporated as a wholly owned subsidiary of PFC Consulting Limited (PFCCL), which is itself a wholly owned subsidiary of Power Finance Corporation Limited.
What the new company is for
- The SPV will develop a "Transmission System for Integration of Kadapa-II REZ (phase-I)".
- PFC Consulting Limited has been nominated as the 'Bid Process Coordinator' (BPC) for selection of a developer through tariff based competitive bidding for Independent Transmission Projects (ITPs) by the Ministry of Power, Government of India.
- As BPC, it prepares the project profile and initiates the process of land acquisition and forest clearance, if required.
- One SPV is required for these activities, and it will take up preparatory work such as survey and preparation of report, initialising the process of acquisition of land, and initiating the process of seeking forest clearance, if required.
Who initiated this
- The Central Electricity Authority (CEA), Ministry of Power, has intimated that the National Committee on Transmission (NCT), in its 42nd meeting, nominated PFC Consulting Limited (PFCCL) as the Bid Process Coordinator for development of the transmission scheme through the Tariff Based Competitive Bidding (TBCB) process.
The SPV is meant to change hands
- The SPV has to be transferred to the Successful Bidder selected through an International Competitive Bidding process under the Tariff Based Competitive Bidding Guidelines.
- That successful bidder would develop the project.
How a retail investor can read this
- This is a procedural update: a step-down subsidiary has been set up to carry forward the early-stage work of a transmission project.
- The intimation sets out the reason the SPV was created, the preparatory activities it will handle, and the route by which it will eventually move to the developer selected through bidding.
- It is submitted for information and record.
Also from Power Finance Corporation
Subsidiary incorporates Khushkhera Transmission Ltd as wholly owned SPV for Rajasthan transmission project
24 Oct 2026
Two wholly owned transmission SPVs incorporated for tariff-based bidding process
23 Oct 2026
PFC Consulting incorporates Northern Region Power Transmission as a wholly owned SPV
22 Oct 2026
More numbers
- NCT meeting that nominated PFCCL as Bid Process Coordinator42nd meeting
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