India

Should Andhra Pradesh - a state at the forefront of the renewables sector in the country - succeed in slashing tariffs, projects with a capacity of more than 2.5GW are at risk of defaulting.

The public agency should consider launching a new BOT model to speed up privatisation and tackle its $24bn in debt, ratings agency ICRA says.

The asset manager will target core assets in developing countries and core-plus deals in developed markets.

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.