ABOUT INDIGRID

We are an infrastructure investment trust (“InvIT”) established to own inter-state power transmission assets in India. IndiGrid was established on October 21, 2016 by our Sponsor, Sterlite Power Grid Ventures Limited, and is registered with SEBI pursuant to the InvIT Regulations. Our Sponsor is one of the leading independent power transmission companies operating in the private sector, with extensive experience in bidding, designing, financing, constructing and maintaining power transmission projects across India.

We believe that we are well positioned to take advantage of the growth potential of India’s power transmission industry given our financial position, support from our Sponsor and the robust regulatory framework for power transmission in India.

We believe the infrastructure necessary to transmit and deliver electricity is vital to India’s continued economic advancement given the inter-regional power deficit resulting from a mismatch between power generation and load centers and the demand-supply deficit which is expected to result from India’s projected GDP growth. Private investment in transmission is a key focus area for India’s Ministry of Power.

Our Sponsor is one of the leading independent power transmission companies operating in the private sector. As of March 31, 2016, our Sponsor owns 10 inter-state power transmission projects with a total network of 29 power transmission lines of approximately 6,767 ckms and seven substations having 12,630 MVA of transformation capacity. Some of these projects have been fully commissioned, while others are at different stages of development.

Of the 10 inter-state power transmission projects owned by the Sponsor, we will initially acquire two projects with a total network of eight power transmission lines of 1,936 ckms and two substations having 6,000 MVA of transformation capacity across four states (the “Initial Portfolio Assets”). Each of the Initial Portfolio Assets have been completed and revenue-generating for more than a year. Pursuant to the ROFO Deed, we have a ‘right of first offer’ to acquire the remaining eight projects

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We are an infrastructure investment trust (“InvIT”) established to own inter-state power transmission assets in India. IndiGrid was established on October 21, 2016 by our Sponsor, Sterlite Power Grid Ventures Limited, and is registered with SEBI pursuant to the InvIT Regulations. Our Sponsor is one of the leading independent power transmission companies operating in the private sector, with extensive experience in bidding, designing, financing, constructing and maintaining power transmission projects across India.

We believe that we are well positioned to take advantage of the growth potential of India’s power transmission industry given our financial position, support from our Sponsor and the robust regulatory framework for power transmission in India.

We believe the infrastructure necessary to transmit and deliver electricity is vital to India’s continued economic advancement given the inter-regional power deficit resulting from a mismatch between power generation and load centers and the demand-supply deficit which is expected to result from India’s projected GDP growth. Private investment in transmission is a key focus area for India’s Ministry of Power.

Our Sponsor is one of the leading independent power transmission companies operating in the private sector. As of March 31, 2016, our Sponsor owns 10 inter-state power transmission projects with a total network of 29 power transmission lines of approximately 6,767 ckms and seven substations having 12,630 MVA of transformation capacity. Some of these projects have been fully commissioned, while others are at different stages of development.

Of the 10 inter-state power transmission projects owned by the Sponsor, we will initially acquire two projects with a total network of eight power transmission lines of 1,936 ckms and two substations having 6,000 MVA of transformation capacity across four states (the “Initial Portfolio Assets”). Each of the Initial Portfolio Assets have been completed and revenue-generating for more than a year. Pursuant to the ROFO Deed, we have a ‘right of first offer’ to acquire the remaining eight projects These Initial Portfolio Assets were awarded to our Sponsor (through its subsidiaries) under the ‘tariff based competitive bidding’ mechanism (“TBCB”) on a ‘build-own-operate-maintain’ (“BOOM”) basis. The power transmission projects earn revenue pursuant to long-term transmission service agreements (“TSAs”) and Tariff Orders. These projects receive availability-based tariffs under the TSAs irrespective of the quantum of power transmitted through the line. The tariff for inter-state power transmission projects in India, including the Initial Portfolio Assets, is contracted for the period of the TSA, which is up to 35 years from the scheduled commission date of the asset, which may be renewed in accordance with the TSA and the Electricity Act, 2003. With periodic maintenance, the assets will have a useful life of 50 years according to Lahmeyer.

Tariffs under these TSAs are billed and collected pursuant to the ‘point of connection’ (“PoC”) mechanism, a regulatory payment pooling system offered to Inter State Transmission Systems (“ISTS”) such as the systems operated by the Initial Portfolio Assets. Under the PoC mechanism, payments are made to a central payment pool and the proceeds are distributed proportionately to all transmission services providers, such as the Initial Portfolio Assets. The availability-based tariffs and PoC payment mechanism enable a stable and certain cash flow stream.

We intend to distribute at least 90% of our net cash available for distribution to our Unitholders once at least every six months in every financial year. We believe our financial position will enable us to offer stable distributions to our Unitholders and finance our growth plans in the coming years.

On the basis of our strengths and through the implementation of our strategies, we believe that we are well-positioned to capitalize on the growth potential of India’s power transmission industry.

IndiGrid is an investment infrastructure trust established to hold assets in under-construction projects and completed and revenue generating projects in terms of Regulation 18(5) of the InvIT Regulations.

IndiGrid was settled on October 21, 2016, in New Delhi pursuant to the Trust Deed as an irrevocable trust in accordance with the Indian Trusts Act, 1882. IndiGrid was registered with SEBI on 28th November, 2016 under Regulation 3(1) of the InvIT Regulations and has obtained a certificate of registration certificate from SEBI.

Further, SIVL has been appointed as the Investment Manager, and SPGVL has been appointed as the Project Manager to IndiGrid. For details about Parties associated with IndiGrid please refer here