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CDPQ-backed Apraava Energy acquires 49% in Kohima Mariani Transmission

Mint  

Apraava Energy, owned by Hong Kong-based CLP Group and Canada's Caisse de dépôt et placement du Québec (CDPQ), has acquired 49% shareholding in Kohima Mariani Transmission Ltd (KMTL), an important power transmission link in the North-East region. The 254-circuit km Kohima-Mariani link passes through Manipur, Nagaland and Assam. CLP India was rebranded as Apraava Energy in October. KMTL owns assets including 400 kV transmission lines and a 400 kV gas insulated substation, under a Special Purpose Vehicle (SPV) structure. The shares were acquired from Kalpataru Power Transmission Ltd (23%) and Techno Electric and Engineering Co Ltd (26%) as per a share purchase agreement signed with the two parties in July 2019. The remaining 51% shareholding of KMTL will be acquired by Apraava Energy in accordance with the terms of the Transmission Service Agreement (TSA).