Amp Energy India has secured investments up to $250 million from Sumitomo Mitsui Banking Corporation (SMBC Bank of Japan),Intermediate Capital Group (ICG), and Asian Infrastructure Investment Bank (AIIB ) to fund the growth of the company. SMBC is a Japanese multinational banking and financial services institution headquartered in Tokyo, Japan. The group operates in retail, corporate, and investment banking segments worldwide. ICG is a London Stock Exchange listed, leading global alternative asset manager. AIIB is a multilateral development finance institution that provides capital for infrastructure development projects.
The proceeds will be utilised to fund the company’s growth plans. Amp Energy India has hired EY as its financial advisor for the transaction.
In May 2023, Amp Energy India through its subsidiary Amp Green Energy Private Limited bagged Calcutta Electric Supply Corporation Limited (CESC)’s 150 MW wind-solar hybrid auction at a tariff of Rs 3.07 per unit. The contracted capacity of the project will be 150 MW and would require a 250 MWp of wind and solar capacity installation. The project shall be connected to the ISTS network.
In April 2023, Amp Energy India inked its second solar project with L&T Metro Rail (Hyderabad) Limited, a public-private partnership project between the government of Telangana and infrastructure major Larsen & Toubro Limited. This project has a capacity of 4 MW and will be installed across 13 stations and depots.
