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...
Energy
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...
Hinduja National Power looks to acquire Kiran Energy assets
Hinduja National Power Corp. Ltd, part of the diversified Hinduja Group, is the latest company to express interest in acquiring the assets of Kiran Energy Solar Power Pvt. Ltd, according to two people aware of the...
Macquarie taps advisers for up to $4.5 billion Puget Energy stake sale: sources
Macquarie Group has chosen Moelis & Co and its own investment banking arm to advise on the sale of its 42 percent stake in Washington utility Puget Energy, people familiar with the matter said on Tuesday. The stake...
JSW Energy may call off buying Bina Power, puts Toshiba, JV in cold storage
JSW EnergyBSE 0.23 % has put its power equipment manufacturing joint venture with Toshiba on the backburner and is on the verge of calling off its Rs 2,700 crore deal to acquire Bina Power from Jaiprakash Power...
Engie in talks with Equis Energy to acquire green energy assets in India
French energy company Engie is in talks with Singapore-based renewable energy developer Equis Energy to acquire projects from its India portfolio comprising green energy platforms Energon and Energon Soleq, two people...
GVK Energy raises Rs500 crore for Goindwal Sahib power project
GVK Energy Ltd has closed funding for its 540 MW coal-fired power project in Punjab, having raised Rs500 crore from Deutsche Bank in priority funding, according to two people directly aware of the development. The funds...
NLC India invests big money into renewable energy
State-owned power producer NLC India is investing heavily in renewable energy as producing only lignite and generating power from it may not be sustainable for long, chairman and managing director S K Acharya told ET...
