India

The state of Andhra Pradesh is expected to fail in its attempt to renegotiate PPAs, but market sources fear a drawn-out court battle could still prove damaging.

The arrival of OTPP and AusSuper to the government-backed fund is another milestone in India’s evolution into an institutional-friendly infrastructure market.

Indian developer IRB will transfer nine operational and under-construction assets spanning 1,200km to an investment infrastructure trust.

The commitments from the Canadian pension and Australian superannuation fund bring NIIF’s Master Fund to its third close on more than $1.8bn.

The assets, valued at $3.6bn, will be acquired through an infrastructure investment trust set up by owner Reliance Industries.

Indian road developer SIPL will own 10% of the infra investment trust alongside CPPIB, Allianz Capital Partners, OMERS and trust sponsor L&T IDPL.

The National Investment and Infrastructure Fund’s managing director, Sujoy Bose, explains how the government-backed GP expects to lure investors.

Claiming investment needs ‘can’t be met by a handful of institutional investors’, the Swiss asset manager is offering its open-ended listed fund to retail investors.

The government has restructured a previous bundle that failed to fetch the desired price adding roads with ‘high traffic’.

The acquisition of KRIL expands the Dubai-based port operator’s logistics footprint and the joint venture’s portfolio.