Power Finance Corporation (PFC) announced the incorporation of LATUR REZ Transmission Limited as a wholly-owned subsidiary of PFC Consulting Limited (PFCCL). Maharashtra State Electricity Transmission Company Limited (MSETCL) appointed PFCCL as Bid Process Coordinator (BPC) on August 14, 2025. The SPV will be transferred to the successful bidder after the bidding process to develop the project.
Subsidiary Incorporation
Power Finance Corporation (PFC) has announced the incorporation of a new Special Purpose Vehicle (SPV) named LATUR REZ Transmission Limited. This company is a wholly-owned subsidiary of PFC Consulting Limited (PFCCL), which itself is a wholly-owned subsidiary of Power Finance Corporation Limited.
Project Details and Background
Maharashtra State Electricity Transmission Company Limited (MSETCL) appointed PFCCL as the Bid Process Coordinator (BPC) on August 14, 2025, for selecting a Transmission Service Provider (TSP). The aim is to establish a transmission system through a tariff-based competitive bidding process.
Purpose of the SPV
The SPV, LATUR REZ Transmission Limited, is specifically established for the ‘Establishment of 400/220/132 kV AIS Latur’. As per tariff-based competitive bidding guidelines, the BPC will prepare the project profile, initiate land acquisition, and manage forest clearances. The SPV will handle preparatory activities, including surveys and report preparation, eventually being transferred to the successful bidder after the completion of the bidding process to develop the project.
Source: BSE
