I Squared Capital to invest $200m in AG&P City Gas.

I Squared Capital, a private equity firm focusing on global infrastructure investments, agreed to invest $200m in AG&P City Gas, a Singapore-based company that is developing twelve city gas distribution networks, or concessions, in India. "Along with AG&P, I Squared Capital was one of the early foreign institutional investors in the Indian city gas sector and is committed to helping the country achieve its target of having 15% of natural gas in its primary energy mix by 2030. We plan to deploy up to $1.3bn in Capex to build out the distribution networks," Gautam Bhandari, I Squared Capital Managing Partner.