{"id":403589,"date":"2021-03-08T10:18:50","date_gmt":"2021-03-08T04:48:50","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=403589"},"modified":"2021-03-08T11:09:36","modified_gmt":"2021-03-08T05:39:36","slug":"indigrid-inks-largest-transmission-deal-with-sterlite-power","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indigrid-inks-largest-transmission-deal-with-sterlite-power\/","title":{"rendered":"IndiGrid inks largest transmission deal with Sterlite Power"},"content":{"rendered":"<p>India Grid Trust, India\u2019s first power infrastructure investment trust (InvIT), on Saturday signed a share purchase agreement to acquire NER-II Transmission Limited from Sterlite Power as part of the Framework Agreement.<\/p>\n<p>The indicative value of the acquisition is Rs 4,625 crore and would boost IndiGrid\u2019s AUM (asset under management) by 34 per cent to over Rs 20,000 crore ($2.8 billion).<\/p>\n<p>Post completion, the platform\u2019s asset portfolio would consist of 13 power transmission projects, with a total network of 38 power transmission lines and 11 substations extending over 7,570 circuit kilometers and 13,350 MVA in 17 Indian states and 1 Union Territory.<\/p>\n<p>NER-II is part of Inter State Transmission Scheme (ISTS) network, and was awarded on a Build, Own, Operate, Maintain (\u201cBOOM\u201d) basis with a contractual period of 35 years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India Grid Trust, India\u2019s first power infrastructure investment trust (InvIT), on Saturday signed a share purchase agreement to acquire NER-II Transmission Limited from Sterlite Power as part of the Framework Agreement. The indicative value of the acquisition is Rs 4,625 crore and would boost IndiGrid\u2019s AUM (asset under management) by 34 per cent to over Rs 20,000 crore ($2.8 billion). Post completion, the platform\u2019s asset portfolio would consist of 13 power transmission projects, with a total network of 38 power transmission lines and 11 substations extending over 7,570 circuit kilometers and 13,350 MVA in 17 Indian states and 1 Union [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,244,144],"tags":[],"class_list":["post-403589","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-pioneer","category-the-pioneer"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/403589","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=403589"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/403589\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=403589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=403589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=403589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}