Powergrid to monetise transmission assets through InvIT

The Cabinet Committee on Economic Affairs has allowed Power Grid Corporation of India Limited (Powergrid) to undertake monetisation of its tariff based competitive bidding (TBCB) assets, including those which are either under construction or shall be acquired by the company in future. The approval covers assets held in existing special purpose vehicle (SPVs), through an Infrastructure Investment Trust (InvIT).

In the first block, Powergrid is expected to monetise five TBCB assets of the gross block of Rs 71.64 billion. This monetisation will be as per the directives and targets fixed by the centre.