Indonesia’s minister for state-owned enterprises approved on Wednesday the transfer of a 56.96 pct stake in state gas utility Perusahaan Gas Negara (PGN)(PGAS.JK) to Pertamina. The takeover of PGN by Pertamina dates...
Australia’s AGL says approached by Alinta to buy coal-fired Liddell plant
Australia’s biggest energy producer AGL Energy Ltd (AGL.AX) said on Wednesday Hong Kong-owned rival Alinta Energy has expressed interest in buying its coal-fired Liddell Power Station, which is slated to be closed. AGL...
ReNew Power buys Ostro Energy after CPPIB puts in $247 million
ReNew Power Ventures Pvt. Ltd on Monday said it is acquiring Ostro Energy Pvt. Ltd, which has 1.1 gigawatts (GW) of renewable assets, for an undisclosed sum. In a related development, Canada’s largest pension fund has...
E.ON, RWE have no merger plans: CEOs in German paper
RWE (RWEG.DE) and E.ON (EONGn.DE) are not planning to merge to create an energy giant after they shook up the German market with an asset swap, the chief executives of the two companies said in a newspaper interview...
CITIC Group in talks for up to 49 percent stake in CEFC unit
CEFC China Energy is in talks with China’s state-run CITIC Group for CITIC to take a maximum 49 percent stake in the private conglomerate’s European unit, a CEFC executive briefed on the matter told Reuters on Tuesday...
EESL acquires UK-based utility Edina for Rs493 crore
State-run Energy Efficiency Services Ltd (EESL) on Tuesday acquired the England-based combined heat and power (CHP) utility Edina for Rs493 crore to further its strategy of adopting natural gas-based technologies to...
Engie may sell stake in India solar operations
French energy firm Engie SA, one of the largest foreign investors in India’s solar space, plans to sell a stake in its Solairedirect unit that has been actively bidding for projects here, said two people aware of the...
Cenovus seeks partner for C$1.3 billion Narrows Lake project: sources
Cenovus Energy Inc (CVE.TO) is seeking a partner to fund C$1.3 billion ($993.1 million) in costs to build the supporting infrastructure at its Narrows Lake oil sands project in Alberta, two people familiar with the...
EON to acquire RWE’s Innogy, upending German energy industry
EON SE agreed to acquire Innogy SE from German rival RWE AG, transforming the energy industry as Europe’s largest economy continues its switch to renewable power. In a complex deal involving shares and asset swaps, EON...
JSW Energy acquires JSW Electric Vehicles
Sajjan Jindal-led JSW EnergyBSE 1.13 % today acquired JSW Electric Vehicles Private Ltd. The JSW Electric Vehicles is part of diversification strategy of JSW Energy LtdBSE 1.13 % to foray into electric vehicles, energy...
Govt nod to RIL, BP acquiring Niko’s stake in gas block in Bay of Bengal
The government has approved Reliance Industries and British energy giant BP plc acquiring their cash-strapped partner Niko Resources’ 10 percent stake in gas discovery block NEC-25 in the Bay of Bengal...
ReNew, Greenko, hero eye india assets of exiting skypower
At least three Indian developers are eyeing the assets of Canadian renewable energy company SkyPower Global, which plans to exit India after a troubled run in the country. Hero Future EnergiesBSE -4.38 %, ReNew Power...
