NEW DELHI: GMR Energy, a subsidiary of GMR Infrastructure LtdBSE -4.12 % (GIL), on Friday said it has sold 30% stake in the company to Malaysia’s Tenaga Nasional Berhad for $300 million or about Rs 2,000 crore...
Energy
Adani, JSW and SembCorp in race to buy BC Jindal group’s Odisha power plant
Jindal India Thermal Power Ltd (JITPL), a part of the BC Jindal group, is in talks with prospective buyers to sell its 1,200MW thermal power plant in Odisha, three people familiar with the development said. The plant in...
Greenko likely to raise $300 million to refinance SunEdison India debt
Greenko Energy Holdings, which recently acquired SunEdison’s India assets, may refinance the entire debt of SunEdison India by tapping the overseas bond market, three people aware of the development said. “Talks...
Suncor says higher oil prices mean energy M&A window is closing
Suncor Energy Inc (SU.TO), Canada’s largest oil and gas producer, said on Thursday that higher oil prices mean the window for mergers and acquisitions is closing and the company is unlikely to do major deals in...
Brookfield may buy Continuum’s assets
Canada’s Brookfield Asset Management Inc. is in talks to buy the operational wind energy assets of Morgan Stanley Infrastructure Partners-controlled renewable energy platform Continuum Wind Energy, two people aware of...
Suzlon forms JV with Ostro Energy for 50-mw solar project
NEW DELHI: The Suzlon group today announced that it has entered into a joint venture with Ostro Energy for development and construction of a 50-mw solar project in Telangana. According to the contract signed between...
Tata Power CEO says to buy stranded power assets in India
SINGAPORE: Tata PowerBSE -0.61 % Company Ltd plans to expand capacity by acquiring some of the country’s numerous underutilized plants instead of investing in expensive new facilities, the utility’s chief...
American Midstream to Buy JP Energy in All-Stock Deal
American Midstream Partners LP will acquire JP Energy Partners LP to expand operations in North American basins including the Permian, Gulf of Mexico and Eagle Ford. The unit-for-unit transaction is valued at $8.63 per...
IDFC Alternatives buys 3 Punj Lloyd solar projects
MUMBAI: The India infrastructure fund of IDFC Alternatives is buying three solar projects in Punjab and Rajasthan from Punj LloydBSE 1.94 % Infrastructure as part of the parent’s plans to establish a presence in...
Solairedirect India in talks to raise $60 million from infra investors
Mumbai: Solairedirect Energy India Pvt. Ltd, the local unit of French renewable energy company Solairedirect SA, is in talks with investors to raise around $60 million (Rs400 crore), said two people aware of the...
Canadian Solar buys 49% each in 2 Suzlon units
MUMBAI: Canadian Solar, one of the biggest solar power companies in the world, made its first investment in India’s alternative energy sector by acquiring 49% stake each in two projects of Suzlon EnergyBSE -0.53 %...
GMR Group in talks for stake sale in Chhattisgarh power plant
Mumbai/New Delhi: Infrastructure conglomerate GMR Group has initiated discussions with SembCorp Industries Ltd of Singapore and US-based Lone Star Funds for selling a significant stake in GMR Chhattisgarh Energy Ltd...
