Cenovus Energy Inc’s (CVE.TO) efforts to sell C$5 billion ($3.8 billion) of energy assets, already facing a rocky road because weak oil prices are depressing the appetite for deals, has become complicated by the...
Energy
EESL may go for an IPO to raise Rs200 crore
State-run Energy Efficiency Services Ltd (EESL) may go for an IPO to raise about Rs200 crore by diluting 20% stake before the end of this current financial year, a top official of the company said on Wednesday. The...
Cenovus to replace CEO, plans asset sales after unpopular deal
Cenovus Energy Inc said on Tuesday it would replace Chief Executive Brian Ferguson, who championed an unpopular purchase of western Canadian oil sands assets, and its shares tumbled nearly 9 percent. Ferguson will...
Russia’s Rosatom may acquire wind power projects in India
Attracted by the opportunities in India’s green energy space, Rosatom State Atomic Energy Corp. is planning to enter the country’s renewable energy sector. To start with, the Moscow-based Rosatom, through its unit JSC...
Vistra Energy in takeover talks with Dynegy: WSJ
Power producer Vistra Energy Corp has proposed to take over debt-laden rival Dynegy Inc, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The Texas-based companies are in initial...
Adani Group’s renewable energy arm may raise $200 million
Adani Group’s renewable energy arm is seeking to raise external equity capital after having pumped in millions of dollars of its own money to build a pipeline of projects worth over 2 gigawatts (GW), two people aware of...
Canada’s Enbridge eyes acquisitions and profit rise on Spectra deal
Enbridge Inc, North America’s largest energy infrastructure company, said on Thursday it may acquire more assets and forecast a rise in adjusted earnings this year following its purchase of Spectra Energy Corp...
Australian-led group pays $5.6 billion for NSW energy grid, foreigners in back seat
The Australian state of New South Wales on Thursday said it has sold power grid Endeavour Energy to a consortium led by Macquarie Group Ltd (MQG.AX) for A$7.62 billion ($5.61 billion), relegating foreign bidders to a...
Vopak and AltaGas to jointly invest in Canada’s propane export terminal
The Dutch tank storage company Royal Vopak has entered into a joint venture with AltaGas Ltd, the Canada-based diversified energy infrastructure company with a focus on natural gas, power, and regulated utilities, for...
Merger of Orient and IL&FS wind power businesses hits tax hurdle
The merger of Orient Green Power Co. Ltd’s (OGPL) wind power business with IL&FS Wind Energy may come unstuck because of a new provision that mandates payment of long-term capital gains tax on share sales where...
Japan’s ORIX to buy 22 percent of Israel geothermal energy firm Ormat
Japan’s ORIX Corp (8591.T) will buy a 22.1 percent stake in Israeli geothermal energy producer Ormat Technologies Inc (ORA.N) for $627 million from a group led by the FIMI private equity fund, the companies said...
BSES Rajdhani to buy 100 MW wind power from Power Trading Corp
BSES Rajdhani Power Ltd (BRPL), a joint venture power distribution company of Reliance Infrastructure Ltd. and the government of Delhi, on Thursday, signed a deal to purchase 100 megawatt (MW) of wind power from state...
