Electricity transmission infrastructure company Sterlite Power has established a 50:50 partnership with global investment manager AMP Capital to develop four transmission projects in the country. AMP Capital and Sterlite Power will invest $150 million each on the development of 1,800 km of transmission lines.
The partnership has the potential to reach an overall investment size of $500 million, as the “partners may in the future contribute further capital for new inter-state transmission projects which are expected to be tendered by the government of India,” the companies said in a statement.
Amp Capital, owned by Australia-based AMP, has $21 billion infrastructure equity and debt assets under management.
