{"id":273374,"date":"2019-05-08T05:13:00","date_gmt":"2019-05-08T05:13:00","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=273374"},"modified":"2019-05-08T05:13:00","modified_gmt":"2019-05-08T05:13:00","slug":"piramal-cppib-in-tie-up-for-indias-1st-renewables-invit","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/piramal-cppib-in-tie-up-for-indias-1st-renewables-invit\/","title":{"rendered":"Piramal, CPPIB in tie-up for India\u2019s 1st renewables InvIT"},"content":{"rendered":"<p>Mumbai: Piramal Enterprises Ltd on Tuesday said it has signed an agreement with Canada\u2019s largest pension fund manager, Canada Pension Plan Investment Board (CPPIB), to co-sponsor India\u2019s first renewable energy-focused infrastructure investment trust (InvIT).<\/p>\n<p>Mint first reported the development on 2 April.<\/p>\n<p>The proposed InvIT will have an initial targeted corpus of up to $600 million with an option to scale up further, Piramal said in a regulatory filing. CPPIB and Piramal will initially allocate $360 million and $90 million, respectively, to the corpus.<\/p>\n<p>The InvIT would seek to acquire up to 1.5-2 gigawatts (GW) of stable and long-term cash-generating renewable assets, with a firm focus on diversification of clients of both solar and wind assets as well as the customers of the electricity.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: Piramal Enterprises Ltd on Tuesday said it has signed an agreement with Canada\u2019s largest pension fund manager, Canada Pension Plan Investment Board (CPPIB), to co-sponsor India\u2019s first renewable energy-focused infrastructure investment trust (InvIT). Mint first reported the development on 2 April. The proposed InvIT will have an initial targeted corpus of up to $600 million with an option to scale up further, Piramal said in a regulatory filing. CPPIB and Piramal will initially allocate $360 million and $90 million, respectively, to the corpus. The InvIT would seek to acquire up to 1.5-2 gigawatts (GW) of stable and long-term cash-generating [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,237],"tags":[],"class_list":["post-273374","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/273374","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=273374"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/273374\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=273374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=273374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=273374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}