An Indian bankruptcy court has approved Europe’s largest renewable energy company Statkraft’s resolution plan for Lanco Mandakini Hydro Energy. Lenders including Punjab National Bank, Canara Bank, Bank of...
Power
Adani Group, Reliance Industries pull out of race to acquire SKS Power Generation
Adani Group and Reliance Industries have not submitted revised bids for SKS Power Generation (Chhattisgarh), making it a five-way contest for the 600 MW thermal power project, people familiar with the process said...
Adani Power sells Support Properties stake to AdaniConnex for Rs 1,556 cr
Adani Power on Thursday said it has sold a 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. “Parties to the proposed...
DB Power buys back stake from Global Infrastructure for ₹400 cr
Dainik Bhaskar Group’s DB Power Ltd has repurchased Global Infrastructure Partners (GIP) stake in its thermal power business for ₹400 crore, in a deal that has facilitated the investor’s exit, two people with knowledge...
Brazil’s Eletrobras says unit paid $32 mln for Madeira stake
Brazil power company Eletrobras said that its subsidiary Furnas acquired a stake of Madeira Energia for 168 million reais ($32 million). Madeira Energia operates the Santo Antony hydroelectric power plant. In a...
Italy’s Enel to sell Romanian assets to Greek PPC for $1.3 bln
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...
