PFC Invites Bids for Evacuation of 1.5 GW Renewable Energy

PFC Issues Tender for Selection of Solar Power Developers for 1250 MW Solar Projects

PFC Consultancy Limited, a wholly-owned subsidiary of Power Finance Corporation Ltd has invited proposals for setting up of transmission projects on Build, Own, Operate and Transfer (BOOT) basis following single stage two envelope process of Request for Proposal (RFP).

The Request for Proposal is for the selection of bidder as transmission service provider through tariff-based competitive bidding process to establish Inter-State Transmission Scheme “Transmission System for Evacuation of Power from RE Projects in Solapur (1500 MW) SEZ in Maharashtra”.

The tender entails two transmission systems: One, Eastern Region Expansion Scheme- XXXIV. The last date for submission of response to RFP is August 25, 2023. The bid opens on the same day. Two, Transmission System for evacuation of power from RE projects in Solapur (1500 MW) SEZ in Maharashtra. The last day for submission of response to RFP is August 28, 2023. Bid opens on the same day.

The project must be completed within 24 months of signing the agreement.

To be eligible, the bidder have experience developing projects in the infrastructure sector in the last five years with aggregate capital expenditure of at least INR 5 billion. The net worth of the bidder should be at least INR 2.5 billion in any of the last three financial years.

Recently, PFC Consulting Limited (PFCCL) invited proposals for the “Procurement of Aggregate Power requirement of Group of States” for undertaking tariff based competitive bidding for medium term procurement of Power”.

PFC has been giving momentum to renewable energy projects in India. Among the many firms that have been backed by the PSU, Vibrant Energy was among the recent ones that secured more than INR 2,200 crores of project financing from Power Finance Corporation Ltd. (PFC). This funding will aid the firm in establishing 300 MW (AC) of wind-solar hybrid projects in Madhya Pradesh and Karnataka.