News ArticlePower Finance Corporation Forms Subsidiary to Advance Rajasthan 765 kV Transmission Project Preparations
Rundh Gidawara Transmission Limited incorporated as special purpose vehicle to support land and forest clearance ahead of competitive bidding process
Power Finance Corporation has incorporated Rundh Gidawara Transmission Limited as a wholly owned subsidiary of its consulting arm to facilitate preparatory work for the 765 kV GSS Rundh Gidawara transmission project in Rajasthan, including land acquisition and forest clearance processes prior to competitive bidding and selection of the project developer.
Power Finance Corporation Ltd.
New Ventures
Power Finance Corporation Ltd. has established Rundh Gidawara Transmission Limited as a wholly owned subsidiary of its subsidiary PFC Consulting Limited to conduct preparatory activities for the 765 kV GSS Rundh Gidawara transmission project in Rajasthan.
The Rajasthan State Government appointed PFC Consulting Limited as Bid Process Coordinator for the development of this transmission project under the Ministry of Power's tariff-based competitive bidding guidelines.
The new subsidiary will carry out surveys, land acquisition initiation, and forest clearance processes as required before the bidding stage.
After the competitive bidding process selects a successful developer, the SPV will be transferred to that entity to undertake project execution.
This step follows official appointments and approvals by the Rajasthan government and relevant energy departments, supporting the project's regulatory compliance and readiness for international bidding.
Highlights
- Rundh Gidawara Transmission Limited incorporated on 29 October 2026 as wholly owned subsidiary of PFC Consulting Limited.
- Project involves 765 kV GSS Rundh Gidawara transmission system in Alwar, Rajasthan.
- PFC Consulting Limited appointed as Bid Process Coordinator by Rajasthan State Government under Ministry of Power guidelines.
- SPV will handle preparatory tasks including land acquisition and forest clearance.
- SPV to be transferred to successful bidder post international competitive bidding.
- Appointment and approvals endorsed by Rajasthan government and State Committee on Transmission in 2025.
Key Data Snapshot
What happened
- Power Finance Corporation incorporated Rundh Gidawara Transmission Limited as a wholly owned subsidiary of PFC Consulting Limited on 29 October 2026.
- This subsidiary is established as a Special Purpose Vehicle (SPV) to undertake initial project activities for the 765 kV GSS Rundh Gidawara transmission project in Rajasthan.
Key details
- PFC Consulting Limited was appointed as Bid Process Coordinator (BPC) by the Rajasthan State Government and Ministry of Power for the project development under Tariff Based Competitive Bidding (TBCB) guidelines.
- The SPV will manage preparatory works including project survey, land acquisition initiation, and forest clearance applications as required.
- The successful developer selected through competitive bidding will receive the SPV for project execution.
Regulatory and governance context
- Appointment as BPC follows guidelines issued by the Ministry of Power under Section 63 of the Electricity Act, 2003.
- The Rajasthan government notified the appointment of PFC Consulting Limited as BPC in their official Gazette and through departmental approvals in 2025 and 2026.
- The project preparation complies with tariff based competitive bidding rules and transmission sector regulations.
Highlights
- Rundh Gidawara Transmission Limited incorporated on 29 October 2026 as wholly owned subsidiary of PFC Consulting Limited.
- Project involves 765 kV GSS Rundh Gidawara transmission system in Alwar, Rajasthan.
- PFC Consulting Limited appointed as Bid Process Coordinator by Rajasthan State Government under Ministry of Power guidelines.
- SPV will handle preparatory tasks including land acquisition and forest clearance.
- SPV to be transferred to successful bidder post international competitive bidding.
- Appointment and approvals endorsed by Rajasthan government and State Committee on Transmission in 2025.
Disclosures
- Section 63 of Electricity Act, 2003
- Tariff Based Competitive Bidding Guidelines, Ministry of Power notification dated 10 August 2021
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