Power Finance Corporation (PFC) has announced the incorporation of a new wholly owned subsidiary, Mahasamund Power Transmission Limited. This subsidiary will be responsible for developing the 400KV S/S Pithora transmission system. PFC Consulting Limited (PFCCL), also a wholly owned subsidiary of PFC, has been appointed as the Bid Process Coordinator (BPC) for this project. The SPV will be transferred to the successful bidder selected through an international competitive bidding process.
PFC Establishes New Transmission Subsidiary
Power Finance Corporation Ltd. (PFC) has officially announced the incorporation of a new wholly owned subsidiary named Mahasamund Power Transmission Limited. This strategic move is aimed at facilitating the development of a crucial transmission project.
Project Details and Purpose
The newly incorporated subsidiary, Mahasamund Power Transmission Limited, will focus on developing the Transmission System for 400KV S/S Pithora, Mahasamund. This initiative is part of PFC’s broader strategy to support the growth of India’s power infrastructure.
Role of PFC Consulting Limited
PFC Consulting Limited (PFCCL), a wholly owned subsidiary of PFC, has been nominated as the ‘Bid Process Coordinator’ (BPC). PFCCL will oversee the selection of a developer through a tariff-based competitive bidding process for Independent Transmission Projects (ITPs) initiated by the Ministry of Power, Government of India. As per the guidelines, the BPC is tasked with preparing the project profile, initiating land acquisition, and securing forest clearance if required.
SPV Transfer to Successful Bidder
The Special Purpose Vehicle (SPV), Mahasamund Power Transmission Limited, is intended to be transferred to the Successful Bidder who will be chosen through an International Competitive Bidding Process. This process aligns with the Tariff Based Competitive Bidding Guidelines.
Nomination and Approval
The nomination of PFCCL as the Bid Process Coordinator (BPC) was made during the 02nd Meeting of the joint team comprising representatives from the Central Electricity Authority, Central Transmission Utility of India Limited, Grid-India, and Chhattisgarh State Power Transmission Company Limited (CSPTCL), held on February 12-13, 2026. CSPTCL has also conveyed its approval for this arrangement vide a revised Letter of Intent dated July 03, 2026.
This incorporation is a significant step in ensuring the efficient development and execution of vital transmission infrastructure projects, contributing to the strengthening of the national power grid.
Source: BSE
