IndiGrid Teams Up with Global Investors for Green Energy

21 Aug 2024 CW Team

In a significant stride toward enhancing India's renewable energy infrastructure, IndiGrid, the nation's first and largest listed power sector infrastructure investment trust (InvIT), has announced a strategic partnership with British International Investment (BII), the Norwegian Climate Investment Fund managed by Norfund, and Techno Electric and Engineering Company Limited (Techno). This collaboration is set to advance the development of greenfield Interstate Transmission System (ISTS) projects across India.

This fiscal year, IndiGrid successfully operationalized its first greenfield ISTS project, Kallam Transmission Limited, and secured five additional projects in the ISTS and Battery Energy Storage System (BESS) sectors. These projects are expected to see a capital expenditure of approximately INR 20 billion over the next 12-24 months.

Under this new alliance, BII and Norfund, through KNI India AS "a joint venture with KLP, Norway's largest pension company" will invest in three of IndiGrid's ISTS projects: Ishanagar Power Transmission Limited (IPTL), Dhule Power Transmission Limited (DPTL), and Kallam Transco Limited (KTCO). These projects, currently under construction, will support the evacuation of around 6 GW of renewable energy in Madhya Pradesh and Maharashtra.

Techno Electric will co-develop the IPTL and DPTL projects, contributing minority capital and managing project execution on a Lump Sum Turnkey (LSTK) basis. IndiGrid plans to acquire full ownership of these projects once they are completed and generating revenue.

Harsh Shah, CEO and Whole Time Director of IndiGrid, emphasized the importance of this partnership, stating, "With India's commitment to energy transition and grid parity across renewable technologies including BESS, there are tremendous investment opportunities. We are thrilled to collaborate with esteemed institutions like BII and Norfund to contribute to the energy transition journey."

Rohit Anand, Head of Infrastructure Equity, Asia at BII, highlighted the crucial need for investment, noting,"India needs an investment of "4.75 trillion in the transmission sector to integrate renewable energy and meet its decarbonization goals. We are pleased to support this critical sector with not only capital but also our ESG expertise."

Bj'rnar Baugerud, Head of the Climate Investment Fund, Norfund, and Eric Nasby from KLP also praised the partnership's potential to achieve ambitious climate goals while generating attractive returns. Techno Electric's Chairperson, Padam Prakash Gupta, added that this collaboration would significantly advance India's transmission infrastructure and the broader energy landscape.

This strategic partnership is a key development in India's green energy push, aligning with the nation's renewable energy targets and sustainable growth objectives.In a significant stride toward enhancing India's renewable energy infrastructure, IndiGrid, the nation?s first and largest listed power sector infrastructure investment trust (InvIT), has announced a strategic partnership with British International Investment (BII), the Norwegian Climate Investment Fund managed by Norfund, and Techno Electric and Engineering Company Limited (Techno). This collaboration is set to advance the development of greenfield Interstate Transmission System (ISTS) projects across India.

This fiscal year, IndiGrid successfully operationalized its first greenfield ISTS project, Kallam Transmission Limited, and secured five additional projects in the ISTS and Battery Energy Storage System (BESS) sectors. These projects are expected to see a capital expenditure of approximately INR 2,000 crores over the next 12-24 months.

Under this new alliance, BII and Norfund, through KNI India AS "a joint venture with KLP, Norway's largest pension company" will invest in three of IndiGrid's ISTS projects: Ishanagar Power Transmission Limited (IPTL), Dhule Power Transmission Limited (DPTL), and Kallam Transco Limited (KTCO). These projects, currently under construction, will support the evacuation of around 6 GW of renewable energy in Madhya Pradesh and Maharashtra.

Techno Electric will co-develop the IPTL and DPTL projects, contributing minority capital and managing project execution on a Lump Sum Turnkey (LSTK) basis. IndiGrid plans to acquire full ownership of these projects once they are completed and generating revenue.

Harsh Shah, CEO and Whole Time Director of IndiGrid, emphasized the importance of this partnership, stating, "With India's commitment to energy transition and grid parity across renewable technologies including BESS, there are tremendous investment opportunities. We are thrilled to collaborate with esteemed institutions like BII and Norfund to contribute to the energy transition journey."

Rohit Anand, Head of Infrastructure Equity, Asia at BII, highlighted the crucial need for investment, noting, ?India needs an investment of Rs.4.75 trillion in the transmission sector to integrate renewable energy and meet its decarbonization goals. We are pleased to support this critical sector with not only capital but also our ESG expertise."

Bj?rnar Baugerud, Head of the Climate Investment Fund, Norfund, and Eric Nasby from KLP also praised the partnership's potential to achieve ambitious climate goals while generating attractive returns. Techno Electric's Chairperson, Padam Prakash Gupta, added that this collaboration would significantly advance India's transmission infrastructure and the broader energy landscape.

This strategic partnership is a key development in India's green energy push, aligning with the nation's renewable energy targets and sustainable growth objectives.

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..