Subsidiary incorporates Khushkhera Transmission Ltd as wholly owned SPV for Rajasthan transmission project
PFC Consulting Limited, a wholly owned subsidiary of Power Finance Corporation, has incorporated Khushkhera Transmission Limited as its wholly owned subsidiary.
By ScoutQuest · · 2 min read
- SPV Incorporated
- Khushkhera Transmission Limited
- Project
- 400 KV GSS Bhojrajka (Khushkhera) project along with its associated transmission system
- Ownership Structure
- wholly owned subsidiary of PFC Consulting Limited, a wholly owned subsidiary of Power Finance Corporation
What the update says
Power Finance Corporation has informed the stock exchanges that Khushkhera Transmission Limited has been incorporated as a wholly owned subsidiary of PFC Consulting Limited, which is itself a wholly owned subsidiary of the company.
Purpose of the new company
- The SPV is meant for the 400 KV GSS Bhojrajka (Khushkhera) project along with the associated transmission system.
- PFC Consulting Limited has been nominated as the Bid Process Coordinator for selection of a developer through tariff based competitive bidding for Independent Transmission Projects by the Ministry of Power.
- Under the tariff based competitive bidding guidelines, the Bid Process Coordinator prepares the project profile and initiates the process of land acquisition and forest clearance, if required.
- An SPV is incorporated to take up these preparatory activities, such as survey and preparation of report, initialising the process of acquisition of land, and initiating the process of seeking forest clearance where required.
What happens to the SPV
- The SPV has to be transferred to the successful bidder selected through the International Competitive Bidding process under the Tariff Based Competitive Bidding Guidelines.
- The successful bidder would develop the project.
Background to the mandate
- The Rajasthan State Government appointed PFC Consulting Limited as Bid Process Coordinator for the development of the intra-state transmission projects, under the tariff based competitive bidding framework.
- This follows a Letter of Intent from the Office of the Chief Engineer (PP&D), Rajasthan Rajya Vidyut Prasaran Nigam, Jaipur, and a recommendation of the State Committee on Transmission in its 10th meeting, on which the Energy Department, Government of Rajasthan conveyed its approval.
How a reader can look at it
- This is a step in the bidding pipeline for a transmission project: a project-specific company is created first, preparatory work is done, and the company is then handed over to the winning developer.
- The company has submitted the information for the record of the exchanges.
Also from Power Finance Corporation
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
NSE and BSE issue No Objection letters for proposed merger scheme
19 Oct 2026
More numbers
- Transmission project specification400 KV
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