January 14, 2021
Reliance Infrastructure Limited (Rinfra), part of the India-based conglomerate Reliance Group, and Power Grid Corporation of India Limited (POWERGRID) have recently signed a termination agreement for Parbati Koldam Transmission Company Limited (PKTCL), the special purpose vehicle (SPV) that was formed for executing an INR9.57 billion project in the Indian state of Himachal Pradesh.
December 30, 2020
Nepal’s Ministry of Finance (MoF) has recently signed an NPR18.25 billion loan agreement with the Asian Development Bank (ADB) for the modernisation of electric grid in the country.
December 30, 2020
The Asian Development Bank (ADB) and the government of Bangladesh have recently signed an agreement for USD200 million in additional loans, including USD130 million of concessional loans, for augmenting access to efficient and reliable electricity supply in rural areas of Bangladesh, by strengthening the transmission and distribution networks.
December 29, 2020
India-based power transmission asset developer Sterlite Power Transmission Limited (SPTL) and Australia-based global investment manager AMP Capital have recently entered into a 50:50 partnership to develop energy transmission projects in India with a total equity investment of USD300 million.
December 3, 2020
India's private transmission company, Adani Transmission Limited (ATL), has acquired a 49 per cent stake in Alipurduar Transmission Limited from the Indian engineering, procurement and construction (EPC) major Kalpataru Power Transmission Ltd (KPTL), with an agreement to acquire the balance 51 per cent after obtaining regulatory and other approvals.
December 1, 2020
The Asian Development Bank (ADB) has approved a USD156 million concessional loan for the “Electricity Grid Modernisation Project” aimed at modernising power transmission and distribution systems in Nepal.
November 26, 2020
Indonesia’s state-owned power company, PT PLN (Persero), has been granted a USD600 million loan from the Asian Development Bank (ADB) to help the utility in expanding electricity access and promoting renewable energy (RE) in eastern Indonesia.
November 18, 2020
The state-owned power utility, Da Afghanistan Breshna Sherkat (DABS) of Afghanistan, has recently signed a multi-phase agreement with the German multinational conglomerate, Siemens Energy, to establish Afghanistan as an energy hub in central Asia.
November 3, 2020
The World Bank has signed agreements with the Government of Pakistan to provide concessional financing of USD1.15 billion for two power projects in the Khyber Pakhtunkhwa (KP) province.
October 19, 2020
India-based power transmission asset developer, Sterlite Power Transmission Limited (SPTL), has received the entire debt funding of INR20.7 billion for its Vapi II North Lakhimpur Transmission Limited (VNLTL) project, from Power Finance Corporation (PFC).
October 5, 2020
India-based engineering, construction and procurement (EPC) company, Kalpataru Power Transmission Limited (KPTL), and Techno Electric and Engineering Company Limited have completed the sale of 100 per cent equity stakes in Jhajjar KT Transco Private Limited (JKTPL), to India’s leading infrastructure investment trust (InvIT), India Grid Trust (IndiGrid).
September 30, 2020
The Asian Development Bank (ADB) has approved a USD200 million policy-based loan to strengthen Uzbekistan’s power sector by improving its financial sustainability. As a first of its kind in Uzbekistan's energy sector, this policy-based loan will be critical to support complex reforms and deepen private investment in the sector.
September 29, 2020
India-based engineering, construction and procurement (EPC) company, Kalpataru Power Transmission Limited (KPTL), and its joint venture (JV) partner Techno Electric and Engineering Company Limited, have completed the sale of 74 per cent equity stake in Jhajjar KT Transco Private Limited (JKTPL) to India’s leading infrastructure investment trust (InvIT), India Grid Trust (IndiGrid).
September 11, 2020
The Asian Development Bank (ADB) has approved a USD127.8 million loan to facilitate the construction of transmission lines and substations to help provide Phnom Penh and three other Cambodian provinces with stable and reliable electricity supply.
September 3, 2020
Lao People's Democratic Republic's (PDR) state-owned power company, Electricite du Laos (EDL), and Chinese grid developer, China Southern Power Grid (CSG), have signed the Shareholders' Agreement of Electricite du Laos Transmission Company Limited (EDLT) recently in the Lao capital Vientiane, for jointly establishing the EDLT.
September 1, 2020
India’s leading infrastructure investment trust (InvIT), India Grid Trust (IndiGrid), has completed the acquisition of Gurgaon─Palwal Transmission Limited (GPTL) from Sterlite Power Transmission Limited (SPTL), following the approval of the initial request in April 2020. The acquisition has an enterprise value of INR10.8 billion.
September 1, 2020
Indian engineering, procurement and construction (EPC) major, Larsen & Toubro (L&T), recently announced the complete divestment of its electrical and automation (E&A) business to French Schneider Electric (SE), a global player in energy management and automation.
July 6, 2020
Indian engineering, construction and procurement (EPC) major, Kalpataru Power Transmission Limited (KPTL), has signed a definitive agreement to sell its transmission asset—Alipurduar Transmission Limited (ATL)—to India's private transmission company, Adani Transmission Limited, for a total enterprise value of INR12.86 billion.
June 2, 2020
India’s leading infrastructure investment trust (InvIT), India Grid Trust (IndiGrid)—owned by Sterlite Power Transmission Limited (SPTL)—has executed a share purchase agreement for the acquisition of the Indian transmission company, Jhajjar KT Transco Private Limited (JKTPL).
May 28, 2020
The Eurasian Development Bank has acquired bonds worth more than KZT8 billion of Kazakhstan’s grid developer, JSC Kazakhstan Electricity Grid Management Company (KEGOC).