Italy’s biggest utility Enel Spa on Thursday said it will sell its Romanian operations to Greece’s Public Power Corp (PPC) for 1.26 billion euros ($1.33 billion), as part of its plan to cut debt and focus on...
Adani Power amalgamates six subsidiary companies
Adani Power said it has amalgamated its six subsidiaries, including Adani Power (Mundra), with itself. An amalgamation of six wholly-owned subsidiary companies of Adani Power Ltd (APL) — Adani Power Maharashtra...
CPPIB to buy Goldman’s 14% stake in ReNew Energy Global for about $268 million
Goldman Sachs is set to sell its remaining 14% stake in ReNew Energy Global — the Nasdaq-listed parent of ReNew Power — to Canada Pension Plan Investment Board (CPPIB) for about $268 million, said two people familiar...
IndiGrid completes acquisition of Khargone Transmission Ltd
India Grid Trust (IndiGrid) on Thursday announced completing the acquisition of 100 per cent “shareholding and economic interest” in Khargone Transmission Ltd from Sterlite Power Transmission Ltd (SPTL)...
Adani decides against bid for stake in state-backed PTC India – Bloomberg News
Adani Group’s billionaire founder Gautam Adani has decided against bidding for a stake in electricity trader PTC India Ltd as the beleaguered conglomerate looks to conserve cash amid a short seller attack...
RIL, NTPC, Torrent and Vantage seen leading race for SKS Power
The race to buy the debt-laden SKS Power Generation has narrowed down to just four bidders – Reliance Industries, public-sector utility NTPC, Gujarat-based Torrent Power and Singapore-based Vantage Point Asset...
Adani Power calls off acquisition of DB Power
Adani Power has called off the acquisition of DB Power for Rs 7,017 crore after missing the latest deadline to complete the transaction, which expired on Wednesday. “We wish to inform that the long stop date under...
Adani Power’s deal to acquire DB Power expires
Billionaire Gautam Adani-Adani Power’s planned ₹7,017-crore acquisition of thermal power assets of DB Power Ltd has collapsed as the deadline to complete the transaction expired. The agreement to acquire the...
Dutch grid operator TenneT to explore sale of German unit to Berlin
Dutch electricity grid operator TenneT will explore the possibility of a full sale of its German operations to the German state to ensure sufficient investment in networks in both the Netherlands and Germany, it said on...
Adani Power receives NCLT’s approval for merger of six subsidiaries
The National Company Law Tribunal (NCLT) on Thursday approved the merger of Adani Power Maharashtra, Adani Power Rajasthan, Udupi Power Corporation, Raipur Energen, Raigarh Energy Generation, and Adani Power (Mundra)...
Adani and Jindal companies, Vedanta in race for GVK Power’s Punjab unit
Adani Power, Jindal Power and Vedanta are among twelve companies that have expressed initial interest in acquiring distressed producer- GVK Power (Goindwal Sahib), said two people aware of the development. GVK Power...
Grenergy aims to sell minority stake in Spanish solar assets
Spain’s Grenergy aims to sell a minority stake in photovoltaic projects in the country, the renewable power generation company said on Tuesday, confirming earlier media reports. “In relation to the news...
