Raigad Power Transmission Ltd incorporated as wholly owned subsidiary of PFCCL
Maharashtra State Electricity Transmission Company Limited (MSETCL) has placed Letter of Intent (LO I) dated 14.08.2025 appointing PFC Consulting Limited (PFCCL) as Bid Process Coordinator (BPC) for the purpose of selection of Bickler as Transmission Service Provider (TSP) .
New Delhi: Raigad Power Transmission Ltd, a special purpose vehicle has been incorporated as a wholly owned Subsidiary of PFC Consulting Limited (a wholly owned subsidiary of Power Finance Corporation). Maharashtra State Electricity Transmission Company Limited (MSETCL) has placed Letter of Intent (LO I) dated 14.08.2025 appointing PFC Consulting Limited (PFCCL) as Bid Process Coordinator (BPC) for the purpose of selection of Bickler as Transmission Service Provider (TSP) to establish the aforementioned transmission system through Tari IT Based Competitive Bidding Process.
The SPY has to be transferred to the Successful Bidder selected through International Competitive Bidding Process under Tariff Based Competitive Bidding Guidelines for Transmission Service issued by Ministry of Power. Accordingly, the above SPY has been incorporated as a wholly owned subsidiary of PFCCL to develop the aforementioned transmission scheme. The SPY will be transferred to the successful bidder after the completion of the bidding process. The successful bidder selected through the bidding process would develop the project.
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