IndiGrid partners with BII, Norfund to launch platform for greenfield transmission and BESS projects in India

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IndiGrid partners with BII, Norfund to launch platform for greenfield transmission and BESS projects in India - YourStory

Quick Summary:

IndiGrid, BII, and Norfund, alongside KLP through KNI India, have committed approximately $300 million for the EnerGrid platform that will focus on bidding and developing greenfield transmission and standalone Battery Energy Storage System (BESS) projects in India.

IndiGrid, BII, and Norfund, alongside KLP through KNI India, have committed approximately $300 million for the EnerGrid platform, with each partner contributing around $100 million.

The transmission sector is witnessing a bidding pipeline like never before which we are looking to leverage to drive growth," said Harsh Shah, Chief Executive Officer, and Whole Time Director of IndiGrid.