From pv magazine India
IndiGrid, India’s first and largest listed power sector infrastructure investment trust (InvIT), has said that it has partnered with BII, the Norwegian Climate Investment Fund (Norfund), and Techno Electric and Engineering (Techno) to develop IndiGrid’s greenfield interstate transmission system (ISTS) projects.
In fiscal 2024, IndiGrid switched on its first greenfield ISTS project, Kallam Transmission, and won five additional projects, across ISTS and battery energy storage system (BESS), to be deployed over the next 12 to 24 months.
Under this partnership, BII and Norfund will invest in three IndiGrid ISTS projects: Ishanagar Power Transmission Ltd. (IPTL), Dhule Power Transmission Ltd. (DPTL), and Kallam Transco Ltd. (KTCO). These projects are expected to support evacuation of 6 GW of renewable energy in the states of Madhya Pradesh and Maharashtra.
Additionally, Techno will co-develop the IPTL and DPTL projects. It will invest minority capital and will also be responsible for the complete execution of the projects on a lump sum turnkey basis. IndiGrid will be acquiring entire stake in these projects once they are operational and revenue generating.
To continue reading, please visit our pv magazine India website.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.