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Bajel Projects Teams Up with NIIF and AnantGrid to Explore Power Transmission Opportunities

Bajel Projects has entered into a collaboration agreement with the National Investment and Infrastructure Fund (NIIF) and AnantGrid to jointly pursue opportunities in India’s rapidly expanding power transmission sector.

The partnership aims to combine the strengths of the three entities to develop and execute transmission projects that will support India’s growing renewable energy capacity and grid modernization efforts. Under the collaboration, NIIF will contribute its investment and asset management expertise, AnantGrid will bring its project development and operational capabilities, while Bajel Projects will provide its engineering, procurement and construction (EPC) expertise.

The agreement comes at a time when India is accelerating its clean energy transition with a target of 500 GW of renewable energy capacity by 2030. Achieving this target will require significant investments in modern and efficient transmission infrastructure to integrate renewable energy generated from solar and wind projects into the national grid.

Commenting on the partnership, Rajesh Ganesh said the collaboration would allow the partners to actively participate in India’s expanding transmission ecosystem while reinforcing Bajel’s strong EPC execution capabilities.

Bimal Dayal highlighted that the power transmission sector will play a vital role in supporting India’s energy transition and meeting rising electricity demand. He noted that the partnership aims to develop reliable and high-quality transmission assets aligned with the country’s infrastructure needs.

Through this framework, the partners plan to jointly bid for transmission projects and deliver infrastructure aligned with the Government of India’s priorities for renewable energy integration, grid expansion, and increased private sector participation in the power sector.

Financial advisory services for the transaction were provided by Avener Capital.

The collaboration underscores growing investor interest in India’s transmission infrastructure, which is expected to witness substantial growth as renewable energy capacity continues to expand across the country.