Home-grown power giant NTPC, which is diversifying into clean energy generation, looks to acquire uranium assets overseas to ensure fuel availability for its future nuclear projects, according to a company official...
JSW Energy to acquire Tidong Power from Norway firm for ₹1.7K crore
Sajjan Jindal-owned JSW Energy’s renewable arm, JSW Neo Energy, has agreed to acquire Tidong Power Generation from Norway’s Statkraft IH Holding in a ₹1,728 crore deal. The deal would add a 150-megawatt (Mw)...
JSW Neo buys Statkraft hydro power unit in Himachal for ₹ 1,727 cr
JSW Neo Energy has acquired Statkraft’s hydro power unit in Himachal Pradesh for an enterprise value of ₹1,727 crore, according to a stock exchange disclosure on Thursday. ET had first reported in its Wednesday...
JSW Neo frontrunner to acquire Statkraft’s HP hydro power unit
JSW Neo Energy has emerged the frontrunner to buy Statkraft’s Himachal Pradesh hydro power unit that houses a project on the Tidong tributary of the Sutlej River, said sources familiar with the matter. Its offer...
Statkraft signs agreement to sell solar, wind projects in India to Serentica
Statkraft, Europe’s largest producer of renewable energy, has signed an agreement to sell parts of its renewable energy portfolio in India to Serentica Renewables. The agreement with Serentica Renewables includes a...
Elliott takes stake in Japan’s Kansai Electric, source says
Activist investor Elliott Management has become one of the top three shareholders of Kansai Electric Power with a stake of between 4% and 5%, a person familiar with the matter said on Wednesday. Kansai Electric’s...
LNJ Bhilwara buys out Statkraft’s 49% stake in hydro power JV
LNJ Bhilwara Group has bought out Statkraft’s 49% stake in a hydro power JV, according to a disclosure to stock exchanges. LNJ Bhilwara group company HEG will buy out Statkraft’s stake in Malana Power Company for an...
JSW, Vedanta, Adani among companies keen to buy GVK Energy’s asset
JSW Energy Ltd., Adani Power Ltd. and Vedanta Ltd. are among more than a dozen companies that have expressed interest in acquiring GVK Energy’s 330 MW Alaknanda hydro power project in Uttarakhand, according to...
JSW Neo Energy, Blackstone, other cos line up for Statkraft wind-down
JSW Neo Energy, Blackstone and KKR-backed Serentica Renewables have submitted binding financial bids for Statkraft’s wind and solar energy assets in India on Wednesday, when the deadline for bids expired, according to...
Torrent likely in talks to buy L&T’s power unit for $1 Bn
Torrent Power Ltd. is in talks to buy the thermal business unit of Larsen & Toubro Ltd. for about $1 billion including debt, according to people with knowledge of the matter. Both companies are working with advisers...
Adani Power completes acquisition of 600 MW Vidarbha Power
Adani Power on Tuesday announced a successful acquisition and resolution plan implementation of Vidarbha Industries Power Ltd. (VIPL) for an aggregate consideration of Rs 4,000 crore. VIPL has become a wholly owned...
Tata is said to be in talks to buy out investors in Resurgent
Tata Group is in talks to buy out other shareholders in Resurgent Power Ventures Pte, according to people familiar with the matter. Tata Power Co., which owns a 26% stake in Singapore-based power generation and...
