India Grid Trust (IndiGrid), India’s first infrastructure investment trust (InvIT) in the power sector will be exploring opportunities in areas like utility-scale battery storage, apart from its core area of power transmission.
An investor presentation discussing the InvIT’s performance in the first quarter (April to June) of FY23 said that IndiGrid would proactively explore opportunities in power transmission and adjacent spaces like utility-scale battery storage.
IndiGrid visualizes a healthy growth pipeline given that around Rs.1,200 billion worth of transmission projects would be added to the grid by FY27 (fiscal year ending March 31, 2027) while Rs.450 billion worth of power transmission assets have been identified under the National Monetization Pipeline (NMP) till FY25.
The IndiGrid presentation also noted that India was likely to spend around Rs.1.2 trillion in the power transmission space over the next five years – aimed at adding 31,895 ckm of transmission lines and 216840 MVA of transformation (substation) capacity.
“Investments in the inter-regional transmission capacity will be for evacuation from new generation centres to the grid, grid strengthening and energy storage,” the presentation said.
Also read: IndiGrid Wins Its First Greenfield Transmission Project
Portfolio
As of June 30, 2022, IndiGrid had around Rs.210 billion worth of assets under management spread over 18 states and one Union territory. Largely dominated by power transmission infrastructure, IndiGrid’s portfolio had 40 lines aggregating 7,570 ckm and 11 substations with a total transformation capacity of 13,550 MVA. Besides, the portfolio contained solar power plants aggregating 100 mw.
It may be mentioned that IndiGrid also has in its portfolio, a greenfield power transmission asset in the form of Kallam Transmission Ltd.
