AMP Capital forms $1 bn power transmission platform with Sterlite

To fund 4 transmission projects of Sterlite connecting renewable projects

Sydney headquartered-AMP Capital has teamed up with Sterlite Power - a leading private power transmission company - to set up a $1-billion platform for the development of energy transmission projects in India. 

This is the first such investment in India by AMP Capital for its global infrastructure equity strategy.

It is a 50:50 partnership, with each investing $150 million. The existing portfolio of the platform includes four under-construction projects of Sterlite Power, majorly evacuating power from renewable energy projects. 

With existing debt financing of the four assets, the total capital outlay of the platform is $1 billion.

These projects have a circuit length of