China’s CEFC is considering investing in En+ as part of the aluminum-to-power conglomerate’s planned IPO, industry sources said, potentially boosting Beijing’s ownership of Russian natural resources. If CEFC buys a...
Piramal Capital & APG bet on Mytrah, invest $300 million
Piramal Capital’s Structured Finance Group and Dutch partner APG Asset Management (APG) are investing Rs 1,900 crore ($300 million) in Hyderabad-based renewable energy producer Mytrah Energy India Pvt. through...
NCLT reserves order on petitions against Tangedco, say sources
The National Company Law Tribunal (NCLT), Chennai, has reserved orders in a batch of petitions filed by power producers Ind Bharath Power Gencom Ltd, Ind Bharath Thermal Limited and Aarkay Energy (Rameshwaram) Limited...
Merger talks between energy companies Orient & IL&FS hit a snag
Merger talks between wind energy companies IL&FS Wind Energy and Shriram Group’s Orient Green PowerBSE 3.20 % have hit a roadblock because wind energy tariffs have plunged in auctions conducted after the...
Reliance Industries acquires Kemrock Industries in auction by lenders
Reliance IndustriesBSE 0.30 % has acquired Gujarat-based Kemrock IndustriesBSE -4.90 % & Exports after the latter’s lenders put up the company and its assets up on the block, the Mukesh Ambani-led conglomerate said...
Amplus Energy Solutions in talks to raise up to $100 million
Rooftop solar energy company Amplus Energy Solutions Pvt. Ltd is in talks to raise as much as $100 million, said two people aware of the development. “The company has been in talks with investors, both financial and...
Sempra Energy to buy Oncor for $9.45 billion in blow to Berkshire
Utility Sempra Energy said on Monday that it would buy Oncor for $9.45 billion in cash after majority owner Energy Future Holdings Corp abandoned a deal to sell the power transmission company to Warren Buffett’s...
Silver Run Acquisition strikes deal for two Oklahoma energy companies
Silver Run Acquisition II, a private equity backed oil and gas startup led by the former chief executive of Anadarko Petroleum Corp, has agreed to acquire two Oklahoma energy companies. Silver Run, which raised $1.03...
Buffett’s Berkshire Hathaway will not increase its Oncor offer
The energy unit of Warren Buffett’s Berkshire Hathaway Inc said on Wednesday it will “stand firm” on its $9 billion offer to acquire 80 percent of Oncor Electric Delivery Company LLC and will not...
Greenko Solar to acquire stake in Pennar’s renewable energy unit
Pennar Industries Ltd (PIL), a Hyderabad-based engineering company, on Monday said its board has agreed to sell a stake in its subsidiary Pennar Renewables Pvt. Ltd to Greenko Solar Energy Pvt. Ltd, the solar energy arm...
GSPC revives plan to sell stakes in gas blocks
Gujarat State Petroleum Corp. Ltd (GSPC) has revived its plan to sell stakes in 20 of its onshore oil and gas blocks, two people aware of the development said. The Gujarat government owned company had decided to sell...
Petronas eyes bigger slice of India energy pie
Malaysian government owned Petroliam Nasional Berhad, better known as Petronas, is looking to expand its operations in India by entering into more long-term contracts for supply of liquified natural gas (LNG) and...
