IndiGrid, Brookfield show interest in buying 2 transmission projects

Joint venture projects by Sterlite Power Transmission Ltd and Australia-based AMP Capital worth Rs 3,500-4,000 cr

Power grid, discom

IndiGrid is a power transmission trust backed by private equity investor KKR and Singapore’s national investor GIC (Photo: Bloomberg)

Indivjal Dhasmana New Delhi
India Grid Trust (IndiGrid) and Canada-based CPP Investments and Brookfield Global Asset Management have shown "initial interest" in buying two transmission projects developed by a joint venture of Sterlite Power Transmission Ltd and Australia-based AMP Capital with a combined enterprise value of Rs 3,500-4,000 crore, sources said.

They said the JV has appointed Standard Chartered as advisor to sell off the Lakadia Vadodara Transmission Project (LVTPL) and Udupi-Kasargod Transmission Project (UKTL). The two projects have a combined length of close to 600 km.

“Among the domestic and international buyers that have shown an initial interest in the two transmission projects include CPP Investments, Brookfield and IndiGrid," one of the sources said.

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First Published: Oct 06 2022 | 1:57 PM IST

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