Amp Energy India, a pioneer in the energy transition and India’s first totally balanced independent power producer (IPP), has raised up to USD 250 million to support its expansion. SMBC Bank of Japan (Sumitomo Mitsui Banking Corporation), ICG (Intermediate Capital Group), and AIIB (Asian Infrastructure Investment Bank) are some of the well-known financial organisations that have contributed to the investment.
Across 17 Indian states, Amp Energy India’s remarkable portfolio has a capacity of more than 2.7 GW. In addition to pharmaceuticals, automobiles, cement, steel, infrastructure, FMCG, education, IT and datacenters, utilities, and government entities, the company offers renewable energy transition solutions to a wide range of industries.
Amp Energy India’s founder, managing director, and CEO, Pinaki Bhattacharyya, expressed appreciation for the company’s hardworking workforce, encouraging shareholders, the government’s progressive policies, as well as its patrons, vendors, lenders, and intermediaries for helping it accomplish this milestone. He also extended a cordial welcome to the three new investors, thanking them for their belief in Amp Energy India’s relentless progress in India’s energy transformation industry and their investment.
Amp India’s fortitude and amazing progress, even during the pandemic, were emphasised by SMBC Bank of Japan, a global banking and financial services organisation. They saw the opportunity in Amp India’s proficiency in the commercial and industrial (C&I) sector and its growth into the utility industry. In order to promote Amp India’s creative efforts in the field of renewable energy, SMBC expressed excitement about expanding their cooperation.
The increasing need for renewable energy and energy transition solutions in India has big potential, according to ICG, a top global alternative asset manager. They acknowledged the strengths of Amp India and expressed faith in the firm’s capacity to successfully carry out its growth strategy.
Amp Energy India has been recognised as a pioneer in the energy transformation, with a wide portfolio of C&I clients and central utilities, by the international development finance organisation AIIB. They emphasised their dedication to supplying Amp Energy India with expansion capital, helping the AIIB have a positive developmental impact, and assisting the nation in its transition to a net-zero carbon future.
With this substantial infusion of cash, Amp Energy India will be better able to maintain its position as India’s top platform for the energy transition and swiftly move on with its plan to promote the use of renewable energy throughout the nation.