Government looks at InvIT model to monetise power sector PSUs assets

New Delhi: The government asset monetisation programme may take the trust route with central transmission utility Power Grid Corporation of India Ltd (PGCIL) looking to float an infrastructure investment trust (InvIT) – a first by a PSU entity – to unlock value from its operational transmission assets and free up long-term capital for further investments.

Government sources said that the company will shortly appoint a consultant to advice on the modus operandi for floating of the trust and suggest a roadmap for its proposed asset monetisation programme.

“The InvIT route will help the company to get current value of its assets and unlock capital that could be used for further investment and faster development of projects,” said a PGCIL official, who was not willing to be identified.