Business

AMP, Sterlite in $300 mn power transmission pact


AMP Capital has established an equal partnership with Sterlite Power Transmission Ltd. for the development of energy transmission projects in India.

AMP Capital and Sterlite Power would each invest an initial amount of about $150 million in the development of four transmission projects, and had put in place debt financing, representing a total capital outlay of about $1 billion, they said.

“These projects have a circuit length of nearly 1,800 km of transmission lines across the western, southern and northeastern regions of India. They will provide the critical infrastructure required for evacuating power from multiple renewable energy generation projects and strengthen the power delivery infrastructure in the country,” they added.

“The partners may contribute further capital for inter-State transmission projects, expected to be tendered by the Government of India. Therefore, the partnership has the potential to reach an overall investment size of $500 million,” the firms said.

You have reached your limit for free articles this month.

Subscription Benefits Include

Today’s Paper

Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Unlimited Access

Enjoy reading as many articles as you wish without any limitations.

Personalised recommendations

A select list of articles that match your interests and tastes.

Faster pages

Move smoothly between articles as our pages load instantly.

Dashboard

A one-stop-shop for seeing the latest updates, and managing your preferences.

Briefing

We brief you on the latest and most important developments, three times a day.

Support Quality Journalism.

*Our Digital Subscription plans do not currently include the e-paper, crossword and print.



Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button