and equity to date: 54% (USD 1 billion) for debt, 45% (USD 0.9 billion) for equity finance in electricity transmission, which has ranged 54-57% on an annual basis arrangements, multiple regulators and potentially uncertain utilisation. Shorter maturities reduce exposure of the lender to long-term policy and market shifts, costs, ensure more cash flow buffer in case revenue falls or costs overrun. lower than for standalone power generation projects. Moreover, it underscores the extended loan tenors, offer concessional rates or blended finance to lower debt