Italy’s Enel SpA is looking for opportunities to expand in Brazil’s power sector through acquisitions after winning a license last week to operate a large hydropower dam, the head of local operations told Reuters. The...
Energy
Sembcorp Industries planning IPO of its India business
Singapore-based power producer Sembcorp Industries Ltd is preparing to list its Indian unit, according to two people aware of the plan. “It can be either listed here in India or elsewhere,” said one of the people...
Canadian Solar said to explore sale of Indian power assets
Canadian Solar Inc., a maker of solar panels, is exploring the sale of its Indian solar power assets, worth around 108 megawatts (MW), two people aware of the development said. “Canadian Solar is a panel maker and the...
Greenko makes $2.1-billion bid for Reliance-Infrastructure’s Mumbai Power business
Greenko, backed by Singapore’s GIC and Abu Dhabi Investment Authority, has sought to acquire Anil Ambani-led Reliance Infrastructure’s flagship Mumbai electricity business for an enterprise value of Rs...
Engie and Abraaj JV eyeing $1 billion wind power investment in India
A joint venture (JV) of French energy firm Engie SA and Dubai-based private equity firm Abraaj Group may invest around $1 billion to build a 1,000 megawatt (MW) wind power platform in India. The strategy ahead for the...
After Sembcorp, IDFC Alternatives announces exit from Mytrah Energy
India Infrastructure Fund (IIF), a fund managed by IDFC Alternatives Ltd, has successfully exited its investment in Mytrah Energy (India) Pvt Ltd (MEIPL). This is the second announcement of an exit...
China’s CEFC examines taking stake in Russia’s En+ – sources
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...
