Expansion
Power Finance Corporation Incorporates Northern Region Power Transmission Limited via PFC Consulting
By News Desk ·
Key takeaways
- Power Finance Corporation incorporated Northern Region Power Transmission Limited as a wholly owned subsidiary of PFC Consulting Limited.
- PFC Consulting was nominated as Bid Process Coordinator by the Ministry of Power after the National Committee on Transmission's 42nd meeting on July 7, 2026.
- The SPV will be transferred to the successful bidder after the international competitive bidding process concludes.
Power Finance Corporation has incorporated Northern Region Power Transmission Limited as a wholly owned subsidiary of PFC Consulting Limited, its consulting arm, to handle preparatory work for transmission projects in the Northern Region Grid. ScanX reported the incorporation on October 22, 2026.
PFC Consulting's Role as Bid Process Coordinator
The incorporation follows the nomination of PFC Consulting as the Bid Process Coordinator by the Ministry of Power. The National Committee on Transmission, in its 42nd meeting held on July 7, 2026, designated PFC Consulting for this role under the Tariff Based Competitive Bidding guidelines. The Central Electricity Authority formally intimated this decision on July 20, 2026.
The new SPV is tasked with pre-development activities before the bidding process concludes. These include preparing detailed project profiles for Independent Transmission Projects, initiating land acquisition where required, seeking forest clearances if applicable, and conducting surveys and preparing related reports.
Under the TBCB guidelines, the SPV serves as a temporary vehicle for these initial tasks, according to akta.pro company records. Once the international competitive bidding process is complete, the SPV will be transferred to the successful bidder, which will then assume full responsibility for developing the transmission scheme. PFC Consulting incorporated Malegaon Power Transmission Limited as a wholly owned subsidiary in September 2026 to facilitate pre-development for a 400/220 kV transmission project in Nashik district, ScanX reported.
Power Finance Corporation's Recent Transmission Moves
Power Finance Corporation incorporated Kadapa II REZ Transmission Limited as a wholly owned subsidiary of PFC Consulting Limited in October 2026 to handle preparatory work for the Kadapa-II REZ transmission project, ScanX reported. In August 2026, the company transferred the Fatehgarh-II transmission assets to Power Grid Corporation for ₹19.11 crore, according to ScanX.
What Comes Next for the Northern Region SPV
The SPV will be transferred to the successful bidder after the international competitive bidding process concludes. The successful bidder will then assume full responsibility for developing the transmission scheme.