Power Grid Corporation of India Ltd., manages around 20GW power on a legacy grid. Its IPO will be for a nominal 10% divestment. The mandate for Power Grid is to create nine high capacity corridors primarily from sikkim, Jharkhand and Chhattisgarh to AP and Tamil Nadu and another in the west from Delhi to Maharashtra and Karnataka. The proposed cost is already more than half a trillion INR at Rs 50,000 Crs. or nearly $12bn. It seems likely that financing for the same will be closed with the help of ADB and the World Bank.

On our India Infrastructure series, Power Corridor | Power Grid Corpn | The Banking and Strategy Initiative http://bit.ly/pwrgrid

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