Venture Intelligence (TSJ Media Pvt. Ltd.)
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Power sector InvIT IndiGrid partners with BII, Norfund to form $300-M energy platform
Power sector infrastructure investment trust IndiGrid has partnered with British International Investment (BII), and the Norwegian Climate Investment Fund (managed by Norfund), to form a new USD 300 million platform, EnerGrid, which will focus on developing greenfield transmission and battery energy storage systems in India.Each partner will contribute around USD 100 million. The capital will enable EnerGrid to target projects worth approximately USD 1.2 Billion over the next few years. Post commencement of commercial operations, these projects will be fully acquired by IndiGrid at a pre-agreed enterprise value.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.