Actis to invest $77M in Indian power projects

Actis will invest US$77 million in GVK Energy to underline its commitment to Indian infrastructure.

Actis is an affiliate of the Government of Singapore Investment Corporation. GVK Energy, on the other hand, is one of the first private sector developers in India.

GVK's power portfolio comprises an operational capacity of 909 MW with a further 4200 MW in various stages of development. This funding round enables GVK Energy to further develop, construct and operate power plants in India.


"GVK has been a pioneer in the infrastructure sector in India, having developed India's First Independent Power project. Today, we are poised to significantly grow our energy business to meet the growing demand in India. While this strategic transaction will enable GVK Energy to deploy further capital we believe that both Actis and GIC will prove to be ideal partners in the next phase of the company's growth," said Mr. G V Krishna Reddy, Chairman, GVKPIL.

Michael Till, Partner and Co-Head of Actis's Infrastructure business said, "By investing in such a well-established, highly-respected business as GVK Energy, Actis is helping to secure India's current and future energy needs. We are delighted to be part of this important investment."