About half a dozen investors, including Masdar Energy of the UAE, Singapore’s Sembcorp, JSW Energy, Torrent Power, Sekura Energy and ONGC, have submitted non-binding bids to acquire 760 MW of operational assets in...
Power
NCLT allows fresh round of bidding for KSK Mahanadi
The National Company Law Tribunal (NCLT) Thursday allowed KSK Mahanadi Power Company Ltd’s committee of creditor (CoC) to invite fresh bids for the company. The tribunal dismissed Megha Engineering &...
Adani Power arm amalgamates Stratatech Mineral Resources
Adani Power Ltd (APL) on Monday said its arm Mahan Energen Ltd had approved a proposal to merge coal mining firm Stratatech Mineral Resources with itself. This will help improve fuel security, the company said...
NCLT halts Hiranmaye Energy resolution plan
The Kolkata bench of the bankruptcy court halted the corporate insolvency resolution process (CIRP) of thermal power company Hiranmaye Energy on the promoter’s plea that lenders should consider its ₹1,101.5 crore...
Iberdrola to buy rest of US power firm Avangrid in $2.6 billion deal
Spanish utility Iberdrola has agreed to acquire the remaining 18.4% stake in Avangrid that it does not already own, the U.S. subsidiary said on Friday, in an all-cash deal worth about $2.6 billion. The agreement would...
ONGC enters the fray to acquire Ayana Renewable Power
Oil and Natural Gas Corporation has entered the fray to acquire a significant majority stake in Ayana Renewable Power Pvt. Ltd, as India’s largest crude and natural gas producer seeks to bulk up its clean energy...
Power producer Calpine explores options including $30 bln sale, sources say
The investment firms that took U.S. power plant operator Calpine Corp private six years ago are exploring options that include a company sale, an initial public offering or a stake divestment at a valuation of about $30...
Reliance acquires step-down subsidiary for Rs 314 cr
Reliance Industries Ltd on Wednesday said it has acquired a step-down subsidiary engaged in the manufacture of petrochemicals and hydrogen, for Rs 314.48 crore. In a stock exchange filing, the firm said Reliance...
Greenko Energies gets CCI nod to acquire additional stake in Sikkim Urja
The Competition Commission of India (CCI) on Tuesday said it has cleared Greenko Energies’ proposed acquisition of an additional stake in Sikkim Urja (formerly Teesta Urja Ltd). Greenko Energies Pvt Ltd (GEPL) is...
RWE reviews options for stake in high-voltage power grid Amprion
RWE, Germany’s biggest electricity producer, is considering options for its minority stake in Amprion, one of Germany’s four high-voltage power transmission networks, the company said on Tuesday, potentially...
KSK Mahanadi to NCLT: Change of circumstances calls for fresh bidding
KSK Mahanadi Power Company through its Resolution Professional’s (RP) counsel informed NCLT, Hyderabad, on Monday, that a change of circumstances warrants a fresh invitation of bids under the corporate insolvency...
Adani Energy Solutions arm to acquire 100 pc stake in Pointleap Projects
Adani Electricity Mumbai Ltd on Thursday signed an agreement to acquire 100 per cent stake in Pointleap Projects Pvt Ltd (PPPL) for a consideration of Rs 13.15 crore. Adani Electricity Mumbai Limited (AEML) is a...
