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IndiGrid, Brookfield show interest in buying 2 transmission projects

Joint venture projects by Sterlite Power Transmission Ltd and Australia-based AMP Capital worth Rs 3,500-4,000 cr

Power grid, discom
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IndiGrid is a power transmission trust backed by private equity investor KKR and Singapore’s national investor GIC (Photo: Bloomberg)

Indivjal Dhasmana New Delhi
India Grid Trust (IndiGrid) and Canada-based CPP Investments and Brookfield Global Asset Management have shown "initial interest" in buying two transmission projects developed by a joint venture of Sterlite Power Transmission Ltd and Australia-based AMP Capital with a combined enterprise value of Rs 3,500-4,000 crore, sources said.

They said the JV has appointed Standard Chartered as advisor to sell off the Lakadia Vadodara Transmission Project (LVTPL) and Udupi-Kasargod Transmission Project (UKTL). The two projects have a combined length of close to 600 km.

“Among the domestic and international buyers that have shown an initial interest in the two transmission projects