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...
Power
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...
NCLT approves Vedanta’s bid to acquire Meenakshi Energy
Vedanta’s bid to acquire Meenakshi Energy through the insolvency resolution process was approved by the Hyderabad National Company Law Tribunal last week. The Anil Agarwal company offered ₹1,440 crore against...
Adani family sells $1.1 bn power arm stake to GQG
The promoters of Adani Group on Wednesday raised around ₹9,000 crore by selling 8.1% of their holding in the energy-generation arm Adani Power Ltd, marking billionaire Gautam Adani’s largest equity capital-raising...
GPS Renewables acquires Germany-based Proweps Envirotech
GPS Renewables, a Bengaluru headquartered biofuels technology company, has acquired Germany-based Proweps Envirotech GmbH, for an undisclosed amount. Proweps Envirotech GmbH is a design and engineering company that...
Sterlite Power acquires Fatehgarh III Beawar Transmission from PFC
Sterlite Power said it has acquired Fatehgarh III Beawar Transmission, a special-purpose vehicle, from PFC Consulting Limited. PFC Consulting Limited (PFCCL) is a wholly-owned subsidiary of Power Finance Corporation...
Aditya Birla ARC, Reliance ARC & Arcil in shortlist for Vidarbha Inds
Lenders of Vidarbha Industries Power will hold a Swiss challenge auction on August 8 among the three shortlisted asset reconstruction companies (ARCs), said people aware of the development. Lenders have shortlisted...
Aditya Birla ARC leads race for RPower unit
The race for Vidarbha Industries Power (VIPL), a subsidiary of Reliance Power, is heating up with three more companies, including Aditya Birla Asset Reconstruction Company and Reliance Asset Reconstruction Company...
Kalpataru Projects International arm completes 100% acquisition of Fasttel
Kalpataru Projects International arm Kalpataru Power Do Brasil Participaes Ltda. (KPBPL) has completed the acquisition of 100 per cent equity stake in Fasttel Engenharia S.A., Brazil. Earlier in 2021, the KPBPL had...
