Afrigather British Worldwide Funding (BII) and the Norwegian Local weather Funding Fund (Norfund) say they are going to put money into three IndiGrid inter-state transmission system tasks which can be at the moment beneath development in India.
Uma Gupta
Picture: IndiGrid
From pv journal India
IndiGrid, India’s first and largest listed energy sector infrastructure funding belief (InvIT), has mentioned that it has partnered with BII, the Norwegian Local weather Funding Fund (Norfund), and Techno Electrical and Engineering (Techno) to develop IndiGrid’s greenfield interstate transmission system (ISTS) tasks.
In fiscal 2024, IndiGrid switched on its first greenfield ISTS venture, Kallam Transmission, and received 5 further tasks, throughout ISTS and battery vitality storage system (BESS), to be deployed over the subsequent 12 to 24 months.
Below this partnership, BII and Norfund will put money into three IndiGrid ISTS tasks: Ishanagar Energy Transmission Ltd. (IPTL), Dhule Energy Transmission Ltd. (DPTL), and Kallam Transco Ltd. (KTCO). These tasks are anticipated to help evacuation of 6 GW of renewable vitality within the states of Madhya Pradesh and Maharashtra.
Moreover, Techno will co-develop the IPTL and DPTL tasks. It’s going to make investments minority capital and also will be chargeable for the whole execution of the tasks on a lump sum turnkey foundation. IndiGrid shall be buying total stake in these tasks as soon as they’re operational and income producing.
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