Tata Power, Adani Green, KKR-backed Serentica Renewables and Greenko are among 15 suitors vying to acquire Norwegian state-run renewable power producer Statkraft’s India unit, said people familiar with the matter...
Jindal Power, Czech company Sev.en in race to acquire Apraava’s thermal project
Naveen Jindal-owned Jindal Power is competing with Sev.en Global Investments of the Czech Republic to acquire the 1,320-MW Jhajjar thermal power project in Haryana from Apraava Energy (formerly CLP India) as demand for...
ONGC NTPC Green completes acquisition of Ayana for Rs 6,248.50 cr
ONGC NTPC Green Pvt Ltd (ONGPL) has completed the acquisition of 100 per cent equity stake in Ayana Renewable Power for Rs 6,248.50 crore. ONGPL is a 50:50 joint venture of NTPC Green Energy Ltd (NGEL) and ONGC Green...
Adani Energy acquires Mahan Transmission
Adani Energy Solution Ltd, the electricity transmission unit of the billionaire Gautam Adani-run conglomerate, on Thursday announced the acquisition of intra-state transmission project Mahan Transmission Ltd. In a stock...
PTC India divests stake in PTC Energy to ONGC Green
PTC India on Thursday said it has divested its entire stake in PTC Energy to ONGC Green after receiving the remaining Rs 254 crore as part of the deal. Upon receipt of the total consideration of Rs 1,179 crore...
Norway’s Statkraft looks to sell India assets for $2 billion
Norwegian utility Statkraft hired EY to facilitate the sale of its Indian hydropower and solar power assets at an expected valuation of $2 billion, said people in the know. A formal launch of the sale process could...
JSW Energy arm acquires 100% stake in Virya Infrapower for Rs 8 cr
JSW Energy announced that its wholly-owned subsidiary, JSW Neo Energy has entered into a share purchase agreement and acquired 100% shares of Virya Infrapower Virya Infrapower is engaged in the business of development...
Eaton to buy Fibrebond in $1.4 billion deal to boost data center market presence
Power management company Eaton said on Tuesday it will buy Fibrebond Corporation in a $1.4 billion deal as it looks to expand its reach into the data center market. The global appetite for energy-intensive data centers...
Brookfield to sell 1.6 GW India Renewable Assets to Gentari
Brookfield Asset Management, the New York headquartered alternative asset manager has sold its 1.6 GW portfolio of solar and wind assets in India to Gentari Renewables India, structured in two phases, according to a...
CCI okays JSW Energy’s proposal to acquire KSK Mahanadi Power Company
The Competition Commission of India on Tuesday cleared JSW Energy’s proposal to acquire KSK Mahanadi Power Company. “The proposed transaction involves the acquisition of 100% shareholding in KMPCL (which is...
Jindal Power wins bid for Bhadreshwar Vidyut; to pay Rs. 500 crore
Jindal Power has won the bid for Gujarat-based Bhadreshwar Vidyut which is undergoing insolvency proceedings, according to the company’s bankruptcy administrator. The privately owned Naveen Jindal group company is said...
Adani Power rises 3% after securing approval to acquire former Anil Ambani-owned power firm
Shares of Adani Power climbed as much as 2.9% on Thursday to Rs 512.3 on the BSE after the company received a Letter of Intent (LoI) for the acquisition of Vidarbha Industries Power Ltd (VIPL), a thermal power company...
