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The first investment in India for AMP Capital’s global infrastructure equity strategy

The first investment in India for AMP Capital’s global infrastructure equity strategy

Hemika Gala | 02/07/2021


 

The World is undergoing a clean energy revolution and India is leading the effort with its mammoth target of 450GW by the year 2030.Sterlite Power, a leading global developer of power transmission infrastructure is delighted to be in a unique partnership with AMP Capital, a global investment manager with a heritage and strength in real estate and infrastructure and  bring together operational and investment expertise to support the hitherto under-invested construction phase of power infrastructure in India.  The Transmission sector has played catch up during the last decade and registered a growth of 19%.

 

The Companies have established a 50/50 partnership for the development of energy transmission projects in India, each investing an initial amount of approximately $150 million in the development of four transmission projects. The projects have a circuit length of nearly 1800 kilometers of transmission lines across Western, Southern and North Eastern regions of India.

 

This Investment will create a pool of valuable transmission assets which are extraordinarily attractive to yield-seeking investors. AMP Capital’s (one of Australia’s largest retail and globally ranked in the top 10 infrastructure managers)  investment is another testimony of continued trust reposed on Sterlite Power Transmission by the investor community.