Tata Power said it has acquired Bikaner-Neemrana Transmission Project through a bidding process. Bikaner-III Neemrana-II Transmission Ltd is a special purpose vehicle (SPV) set up by PFC Consulting, for the project. The...
Engie Brasil buys solar farms from GIP in $646 mln deal
Power company Engie Brasil Energia said it has agreed to buy five operating photovoltaic power stations in Brazil from Atlas Renewable Energy, a company owned by investment fund Global Infrastructure Partners (GIP). The...
NCLT Hyderabad initiates insolvency proceedings against GVK Gautami Power
The Hyderabad bench of National Company Law Tribunal (NCLT) has initiated insolvency proceedings against GVK Gautami Power Ltd, according to a regulatory filing. In the filing, GVK Power & lnfrastructure Ltd...
PFC, REC seek DIPAM nod for debt resolution plan for KSK Mahanadi
Power Finance Corporation Ltd and REC Ltd have sought approval from the Department of Investment and Public Asset Management or DIPAM for a debt resolution plan for KSK Mahanadi Power project, which is currently under...
CCI gives nod to deal involving Lanco Amarkantak Power
Fair trade regulator CCI on Tuesday granted approval for the acquisition of Lanco Amarkantak Power by PFC Projects, REC, SJVN and Damodar Valley Corporation. PFC Projects, which is into electricity generation and...
Sterlite Power acquires Beawar Transmission to develop power project in Rajasthan
Sterlite Power said it has acquired Beawar Transmission Ltd for developing an electricity transmission project in Rajasthan. Beawar Transmission is a Special Purpose Vehicle (SPV) of REC Power Development and...
TPG, Tepco, Brookfield in talks for JSW Neo stake
Private equity investors TPG, Tokyo Electric Power Company (Tepco) and Brookfield are in advanced talks to buy a minority stake in JSW Neo Energy, said people with knowledge of the matter. The subsidiary of listed JSW...
Japan’s Chubu Electric to buy stake in NuScale Power from JBIC
Japan’s Chubu Electric Power said it will buy a stake in U.S. NuScale Power (SMR.N) from the Japan Bank for International Cooperation (JBIC) as it bets on small modular nuclear reactors to help combat climate...
Engie to acquire Texas-based power storage firm Broad Reach Power
France’s Engie said it is acquiring full ownership of Broad Reach Power, a power storage company based in Houston, Texas, as it seeks to expand its global battery infrastructure. The deal signed with private...
APA to buy Alinta Western Australian assets for $1.1 bln
APA Group said it will acquire Alinta Energy’s power assets in Western Australia’s remote Pilbara region for A$1.7 billion ($1.1 billion) including debt, as it looks to expand in power production. To fund...
BHEL challenges REC’s plea for HEL insolvency
State-run Bharat Heavy Electricals has challenged an insolvency petition filed against West Bengal-based coal power producer Hiranmaye Energy, as it will “stall” BHEL’s efforts to enforce a ₹388.4...
TAQA considers $2.5 billion investment in Gautam Adani’s power business: Report
Abu Dhabi National Energy Company PJSC (TAQA) is evaluating an investment of up to $2.5 billion in Indian billionaire Gautam Adani’s power business, according to a report published by Economic Times. TAQA is the...
