PFC Consulting Limited (PFCCL), a wholly owned subsidiary of Power Finance Corporation (PFC), has incorporated a new Special Purpose Vehicle (SPV), NERGS III Siang Basin Transmission Ltd, to drive the development of the “NERGS-III Siang Basin” transmission scheme.
This SPV will carry out preparatory work — including project surveys, report generation, land acquisition, and forest-clearance coordination.
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Once a Transmission Service Provider (TSP) is selected through the international competitive bidding (TBCB) process, PFCCL will transfer the SPV to them for project execution.
The Ministry of Power has appointed PFCCL as the Bid Process Coordinator (BPC) for this transmission scheme, which aims to support hydropower evacuation in Arunachal Pradesh’s Siang Basin.
As part of the project, evacuation infrastructure for two upcoming hydropower plants in the Shi-Yomi district — Heo (3×80 MW) and Tato-I (3×62 MW) — is planned.
The scheme also supports potential future hydropower development in the broader Siang sub-basin, targeting a total potential of ~5,600 MW by 2035.
