Sterlite Power on Tuesday said it has acquired Kishtwar Transmission Ltd, a special purpose vehicle (SPV,) from PFC Consulting Ltd. (PFCCL). The project was awarded to Sterlite Power through tariff-based competitive...
NRG Energy to buy Vivint Smart Home for $2.8 bln
Power company NRG Energy Inc said it will buy Vivint Smart Home Inc for $2.8 billion in cash, adding security and other automation products to its home service offerings. The $12 per share deal is at a premium of 33.5%...
Kalpataru Power to consider fundraising proposal via NCDs issuance this week
Kalpataru Power Transmission to consider the fundraising proposal later in the current week. The company’s executive committee is scheduled to meet on December 8 to consider the proposal. The leading EPC company...
Power Grid to separate telecom business, gets nod to foray into data centre biz
Power Grid Corporation of India Ltd is in the process of carving out its telecom vertical to a new fully-owned subsidiary, Powergrid Teleservices Ltd, in a bid to have a “focused approach” and to move up the...
Octopus Energy acquires UK solar developer
Octopus Energy Group’s generation arm has acquired British solar power developer Zestec Renewable Energy to build more than 100 rooftop solar projects, the company said on Friday. Zestec is developing a pipeline...
Adani Power extends timeline to complete acquisition of DB Power till Dec 31
Adani Power said that the timeline for the completion of the Rs 7,017-crore deal to acquire thermal power assets of DB Power Ltd has been extended by one month till December 31, 2022. Earlier, the company had extended...
Germany wants to buy majority stake or all of German unit of TenneT – sources
The German government wants to buy a majority stake or all of the German subsidiary of the Dutch power grid operator TenneT, two government sources told Reuters on Wednesday. Talks are progressing and are likely to...
SKS Power lenders extend due diligence deadline
Lenders to Chhattisgarh-based distressed electricity producer SKS Power Generation have extended the due diligence deadline for prospective buyers for a third time to December 9, pushing back the timeline for the...
SSE to sell stake in transmission network business for $1.78 bln
British power generator and network operator SSE (SSE.L) said it will sell a 25% stake in its power transmission network business to Canada’s Ontario Teachers’ Pension Plan Board for 1.47 billion pounds ($1...
NHPC board okays Jalpower Corp merger
State-run hydro power giant NHPC said its board has approved a proposal to merge the company’s arm Jalpower Corporation Ltd with itself. NHPC had acquired Jalpower Corporation Ltd (JPCL) and its 120 MW Rangit...
Adani Power inks pact to sell 100% stake in SPPL to ACX for Rs 1,556 cr
Adani Power said that it has inked a pact to sell 100 per cent stake in Support Properties Private Ltd (SPPL) to AdaniConnex Private Ltd (ACX) at an enterprise value of Rs 1,556.5 crore. “Adani Power Ltd has...
Debenture holders move NCLT over ‘312-crore claim against GVK power
Debenture holders have moved the National Company Law Tribunal (NCLT) to initiate insolvency proceedings against GVK Power and Infrastructure, the ultimate holding company of GVK, claiming the holding company had...
