{"id":273466,"date":"2019-05-08T06:20:22","date_gmt":"2019-05-08T06:20:22","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=273466"},"modified":"2019-05-08T06:20:22","modified_gmt":"2019-05-08T06:20:22","slug":"piramal-cppib-to-have-600m-infra-trust-for-renewables","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/piramal-cppib-to-have-600m-infra-trust-for-renewables\/","title":{"rendered":"Piramal, CPPIB to have $600m infra trust for renewables"},"content":{"rendered":"<p>MUMBAI: Piramal Enterprises has entered into an agreement with Canada Pension Plan Investment Board (CPPIB) to set up a $600-million renewable energy-focused infrastructure investment trust (InvIT).<br \/>\nThe duo will look to rope in additional partners to increase the size of the corpus. InvITs are a hybrid instrument that own and manage operational and revenue-generating infrastructure assets like roads and power plants, giving investors predictable cash flows and dividends. The billionaire Ajay Piramal-led company and CPPIB will act as the co-sponsors of the InvIT, with the former bringing in $90 million and the latter bringing in $360 million.<br \/>\nThe remaining $150 million will be raised from external investors. Piramal Enterprises will be the project and investment manager for the InvIT, which plans to buy 1.5-2GW of cash-generating renewables assets. Piramal and CPPIB &#8220;will jointly warehouse seed assets for the proposed InvIT&#8221;, the companies said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: Piramal Enterprises has entered into an agreement with Canada Pension Plan Investment Board (CPPIB) to set up a $600-million renewable energy-focused infrastructure investment trust (InvIT). The duo will look to rope in additional partners to increase the size of the corpus. InvITs are a hybrid instrument that own and manage operational and revenue-generating infrastructure assets like roads and power plants, giving investors predictable cash flows and dividends. The billionaire Ajay Piramal-led company and CPPIB will act as the co-sponsors of the InvIT, with the former bringing in $90 million and the latter bringing in $360 million. The remaining $150 [&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":[130,246,137],"tags":[],"class_list":["post-273466","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/273466","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=273466"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/273466\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=273466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=273466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=273466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}