The Competition Commission of India on Tuesday approved Adani Power’s acquisition of Lanco Amarkantak Power, according to an order by the antitrust regulator. Adani Power proposes to acquire a 100% stake and control of...
JSW Energy unit to acquire Reliance Power’s wind project for Rs 132 crore
JSW Renewable Energy Coated Limited, a wholly-owned subsidiary of JSW Neo Energy Limited will acquire 45 MW of Renewable Energy generation capacity from Reliance Power Limited for Rs 132 crore, the company said on...
Lenders to sell Wind World (India) debt to NARCL, recover 18% dues
The government-backed National Asset Reconstruction Company (NARCL) is declared the winning bidder for a majority debt of Wind World (India) following an uncontested Swiss challenge auction held by lenders on Monday...
Greenko acquires GI Hydro’s Sikkim project for enterprise value of ₹1,000 crore
Greenko, backed by GIC Holdings Pte Ltd, Abu Dhabi Investment Authority, and Japan’s ORIX Corp, has completed the acquisition of the 110-megawatt (MW) Chuzachen hydro-electric project in east Sikkim from GI Hydro...
Japan’s J-Power makes $248.7 mln bid for Australian renewables firm Genex
Japan’s Electric Power Development (J-Power) on Monday lodged a A$380.9 million ($248.7 million) bid for Australian renewable energy firm Genex Power, as Japan’s appetite for overseas acquisitions rapidly...
Endesa in advanced talks for renewable assets stake sale
Spanish power utility Endesa is in advanced negotiations to sell stakes in renewable assets and may have some news on the process in the first half of this year, its Chief Financial Officer Marco Palermo said on...
Athena Demwe bid: NCLAT rejects Navayuga Engineering Company’s plea
The National Company Law Appellate Tribunal (NCLAT) has rejected an appeal filed by Navayuga Engineering Company Ltd, which had challenged the lenders’ decision to disqualify it from bidding for the 1,750 MW...
Tata Power to acquire Jalpura Khurja Power Transmission project for Rs 838 crore
Tata Power said it has received a letter of intent (LoI) from REC Power Development and Consultancy to acquire the Jalpura Khurja Power Transmission project at an estimated cost of Rs 838 crore. The project special...
Adani Power, DAIT get CCI nod to acquire Coastal Energen
The Competition Commission of India (CCI) said it has approved a proposal to acquire a 100 per cent stake in Coastal Energen Pvt Ltd by Adani Power Ltd and Dickey Alternative Investment Trust. Adani Power Ltd (APL), a...
Brookfield looking to sell 1.6 GW clean energy India assets
Five years after entering the renewable energy sector in India, Canadian investor Brookfield Asset Management is looking to partially monetise its clean energy assets. Among the largest infrastructure investors in the...
Adani Power inks initial pact to sell entire stake in two arms to AdaniConnex for Rs 540 cr
Adani Power said it has inked an initial pact to sell 100 per cent equity in its two arms Aviceda Infra Park and Innovant Buildwell to AdaniConnex for Rs 540 crore. “Adani Power has entered into a Memorandum of...
Jindal Power quits race to acquire Lanco Amarkantak
In a sudden U-turn, Naveen Jindal-promoted Jindal Power has dropped out of the race to acquire Lanco Amarkantak Power. Just last week, the company had topped an offer by Adani Power for the distressed thermal power...