Power Finance Corporation’s (PFC) subsidiary, PFC Consulting Ltd. (PFCCL) has invited proposals for the supply of 4,500 MW power annually to a group of states for a period of 5 years starting April 2023.
PFCCL will be the demand aggregator, which means that it will aggregate power from different suppliers, and then disburse power to state utilities. These suppliers will be selected through Tariff Based Competitive Bidding (TBCB). The company has stated names of five utilities tentatively, who have expressed interest to procure power under this tender. These utilities are Gujarat Urja Vikas Nigam Ltd., Maharashtra State Electricity Distribution Company Ltd., Madhya Pradesh Power Management Company Ltd., New Delhi Municipal Corporation, and Tamil Nadu Generation and Distribution Corporation Ltd. Together, these five utilities will be procuring about 3,910 MW of power. More states are expected to join this programme, and therefore PFCCL has floated the tender for 4,500 MW of power.
Last date for submission of bids for this tender is 21st December 2022.