{"id":407827,"date":"2021-03-30T10:59:05","date_gmt":"2021-03-30T05:29:05","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=407827"},"modified":"2021-03-30T11:14:44","modified_gmt":"2021-03-30T05:44:44","slug":"indigrid-completes-acquisition-of-north-eastern-power-transmission-project","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indigrid-completes-acquisition-of-north-eastern-power-transmission-project\/","title":{"rendered":"IndiGrid completes acquisition of north eastern power transmission project"},"content":{"rendered":"<p>NEW DELHI: India Grid Trust (IndiGrid), an infrastructure investment trust (InvIT), has completed the acquisition of an 830 circuit km power transmission project in the Northeast, at an enterprise value of \u20b94,625 crore from Sterlite Power, the firm said in a statement on Saturday.<\/p>\n<p>The NER-II Transmission Ltd project is spread across Assam, Arunachal Pradesh and Tripura and post the deal completion, will up IndiGrid\u2019s assets under management to $2.8 billion. The investment manager of IndiGrid sponsored by Sterlite Power Grid Ventures Ltd is majority owned by KKR.<\/p>\n<p>\u201cWith this acquisition, IndiGrid\u2019s AUM has increased by ~34% to ~INR 20,000 Cr (USD 2.70 Bn). The platform\u2019s asset portfolio now consists of 13 power transmission projects, with a total network of 38 power transmission lines and 11 substations extending over ~7,570 circuit km and ~13,350 MVA in 17 Indian states and 1 Union territory,&#8221; the statement added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: India Grid Trust (IndiGrid), an infrastructure investment trust (InvIT), has completed the acquisition of an 830 circuit km power transmission project in the Northeast, at an enterprise value of \u20b94,625 crore from Sterlite Power, the firm said in a statement on Saturday. The NER-II Transmission Ltd project is spread across Assam, Arunachal Pradesh and Tripura and post the deal completion, will up IndiGrid\u2019s assets under management to $2.8 billion. The investment manager of IndiGrid sponsored by Sterlite Power Grid Ventures Ltd is majority owned by KKR. \u201cWith this acquisition, IndiGrid\u2019s AUM has increased by ~34% to ~INR 20,000 [&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-407827","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\/407827","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=407827"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/407827\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=407827"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=407827"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=407827"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}