Sterlite Power and AMP Capital ties up to develop $1 billion transmission projects

Sterlite Power Limited and AMP Capital have announced a partnership to set up four power transmission projects in India with a total outlay of $1 billion. …

Under the equal partnership, the two companies will invest an initial amount of around $150 million each and put in place debt financing too. The transmission projects will have a length of 1,800 ckt km of transmission lines  and will provide infrastructure required for evacuating power from multiple renewable energy projects. Amp Capital, owned by Australia-based AMP, has $21 billion infrastructure equity and debt assets under management. (Private sector)


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