AMP Capital, Sterlite Power tie up for energy transmission projects in India, to invest $300 million

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Oct 6, 2016

New Delhi

AMP Capital, Sterlite Power tie up for energy transmission projects in India, to invest $300 million

Pratik Agarwal highlighted the growing role of Infrastructure Investment Trusts (InvITs) and REITs in attracting global capital for India’s infrastructure sector. He noted that partnerships like the $300 million collaboration with AMP Capital can accelerate investment in power transmission projects, strengthening the country’s energy infrastructure and grid expansion.

Resonia’s Chairman Pratik Agarwal is betting on real estate investment trusts (REITs) and infrastructure investment trusts (InvITs) to bring in a large chunk of foreign capital to fulfill the country’s infrastructure needs.

“I think that (of) the $600 billion investment that India needs, a large chunk will come through global financial institutions, through tax efficient instruments like REITs and InvITS,”Agarwal said in an interview to Bloomberg Quint at the India Economic Summit 2016 organised by the World Economic Forum in New Delhi, India.

http://www.bloombergquint.com/business/2016/10/06/best-time-to-launch-infrastructure-investment-funds-says-sterlite-powers-prateek-agarwal

About Resonia

Resonia is one of India's leading developers of power transmission infrastructure, building and operating the grid assets that move electricity from where it is generated to where it is needed most.

Operating in one of the world's largest greenfield transmission markets, Resonia has established a proven end-to-end model — developing critical assets across India's most complex geographies, then monetising them through a disciplined capital recycling strategy. To date, the company has monetised assets worth over US$1 billion, and sponsored IndiGrid, India's first power transmission InvIT, which attracted marquee global investors including KKR and GIC.

Resonia offers a rare combination: world-class execution capability, a demonstrated monetisation track record, and a front-row position in India's accelerating energy transition.