News ArticlePower Finance Corporation Subsidiary Incorporates Anuppur Transmission Limited for 4000 MW Power Evacuation Project in Madhya Pradesh
PFC Consulting Limited acts as Bid Process Coordinator, establishing SPV for transmission system development linked to proposed thermal plants
Power Finance Corporation's subsidiary, PFC Consulting Limited, has incorporated Anuppur Transmission Limited as a wholly owned SPV to develop a 4000 MW power evacuation transmission system via the STU network in Madhya Pradesh, supporting proposed thermal power plants. The SPV will manage preparatory activities including land acquisition and clearances as part of a tariff-based competitive bidding process.
Power Finance Corporation Limited
New Ventures
Power Finance Corporation Limited's wholly owned subsidiary, PFC Consulting Limited, has incorporated Anuppur Transmission Limited as a Special Purpose Vehicle to develop a transmission system for evacuating 4000 MW power from new thermal plants via the Madhya Pradesh State Transmission Utility network.
Anuppur Transmission Limited will undertake preparatory activities such as conducting surveys, preparing reports, initiating land acquisition, and commencing forest clearance procedures as necessary under the tariff-based competitive bidding guidelines issued by the Ministry of Power, Government of India.
PFC Consulting Limited, nominated as the Bid Process Coordinator by the Government of Madhya Pradesh through a government order dated 16 July 2026, will transfer the SPV to the successful bidder finalized through an international competitive bidding process.
This transmission project aims to support power evacuation from proposed thermal power plants in Madhya Pradesh, ensuring integration with the state's STU network for smoother power evacuation.
The incorporation of Anuppur Transmission Limited aligns with regulatory requirements under the Electricity Act, 2003, and the guidelines for tariff-based competitive bidding effective since August 2021.
Highlights
- Anuppur Transmission Limited incorporated as a wholly owned subsidiary of PFC Consulting Limited on 5 November 2026.
- Project to develop transmission system for evacuation of 4000 MW power in Madhya Pradesh through STU network.
- PFC Consulting Limited appointed Bid Process Coordinator by GoMP vide Government Order dated 16 July 2026.
- SPV responsible for land acquisition, forest clearance initiation, and preparatory transmissions activities per Ministry of Power guidelines.
- SPV will be transferred to successful bidder after competitive bidding process completion.
Key Data Snapshot
What happened
- Anuppur Transmission Limited has been incorporated as a wholly owned subsidiary of PFC Consulting Limited, itself a wholly owned subsidiary of Power Finance Corporation Limited.
- The SPV is created to develop a transmission system for evacuating 4000 MW through the Madhya Pradesh STU network from upcoming thermal power plants.
Key details
- PFC Consulting Limited has been appointed as the Bid Process Coordinator by the Government of Madhya Pradesh as per Government Order No. 5001/R-()-IV 5277368/2026/XIII dated 16 July 2026.
- The SPV will initiate land acquisition and forest clearance processes as required under tariff-based competitive bidding guidelines.
- The SPV will be transferred to the successful bidder selected through international competitive bidding under these guidelines.
Regulatory and governance context
- The project falls under the tariff-based competitive bidding framework issued by the Ministry of Power dated 10 August 2021.
- Framework follows Section 63 of the Electricity Act, 2003, and relevant Ministry of Power notifications.
- The Bid Process Coordinator role includes preparing project profiles and initiating preparatory regulatory procedures.
Highlights
- Anuppur Transmission Limited incorporated as a wholly owned subsidiary of PFC Consulting Limited on 5 November 2026.
- Project to develop transmission system for evacuation of 4000 MW power in Madhya Pradesh through STU network.
- PFC Consulting Limited appointed Bid Process Coordinator by GoMP vide Government Order dated 16 July 2026.
- SPV responsible for land acquisition, forest clearance initiation, and preparatory transmissions activities per Ministry of Power guidelines.
- SPV will be transferred to successful bidder after competitive bidding process completion.
Disclosures
- Section 63 of the Electricity Act, 2003
- Ministry of Power Guidelines on Tariff Based Competitive Bidding for Transmission Service dated 10 August 2021
- Government of Madhya Pradesh Government Order No. 5001/R-()-IV 5277368/2026/XIII dated 16 July 2026
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