The Competition Commission of India (CCI) said it has cleared the proposed acquisition of a 100% stake in an arm of GVK Energy by Punjab State Power Corporation Ltd (PSPCL). The anti-trust regulator said PSPCL, a fully...
Power
Sterlite Power acquires Neemrana II Kotputli Transmission
Sterlite Power said it has acquired Neemrana II Kotputli Transmission in Rajasthan from PFC Consulting. The project, a special purpose vehicle, was awarded to Sterlite Power through the Tariff-Based Competitive Bidding...
Tata Power acquires 100% stake in Bikaner SPV
Tata Power Company on Thursday said it has acquired a 100% equity stake in Bikaner III Neemrana II Transmission, a special purpose vehicle (SPV) meant for the project. The acquisition process was completed on December...
Punjab Utility set to buy GVK power plant
Punjab State Power Corp is set to acquire GVK Power (Goindwal Sahib) by offering ₹1,400 crore to lenders, people aware of the development told ET, marking the first such takeover of a private electricity generator by a...
NCLAT stays CCI penalty on NTPC for non-disclosure on acquisition of Ratnagiri Gas & Power shares
The National Company Law Appellate Tribunal (NCLAT) has stayed a CCI order that imposed a penalty on state-owned power producer NTPC for not disclosing the acquisition of 35.47 per cent equity share capital in Ratnagiri...
Tata Power acquires Bikaner-Neemrana Transmission Project
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...
