National Investment and Infrastructure Fund Ltd (NIIFL) will support Tamil Nadu Infrastructure Development Board (TNIDB) to help attract commercial capital into renewable energy infrastructure in the state of Tamil Nadu. The two entities signed a Memorandum of Understanding (MoU) on this collaboration.
NIIFL will support TNIDB in identifying potential private-sector investment opportunities like asset recycling and developing greenfield and brownfield infrastructure projects in various sectors including renewable energy.
“Seven projects have been identified across departments which have the potential to attract private investments of approximately INR 5,000 to 6,000 crore. Work on these projects has been initiated,” stated NIIFL.
NIIFL’s ‘Strategic Initiatives and Policy Advisory’ (SIPA) team provides strategic advice to central and state government entities. NIIFL, through its SIPA team, supports the respective departments in project conceptualization and analyzing project attractiveness for private investments and in structuring transactions.
NIIFL will leverage its experience and expertise in the infrastructure sector as well as its experience of working with private capital to support the government of Tamil Nadu.
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