Global Infrastructure Partners (GIP) and Stonepeak are among the bidders for Singapore Power’s 40% stake in Jemena in a potential deal that could value the Australian energy group at over $10 billion, two sources...
Google buys stake in Taiwan solar power firm owned by BlackRock
Google said it has taken a stake in Taiwan’s New Green Power and could buy up to 300 megawatts of renewable energy from the BlackRock fund-owned firm to help cut its carbon emissions and those of suppliers...
Citadel to buy power firm Energy Grid in first Japanese acquisition
Citadel will buy Japanese power firm Energy Grid in its first acquisition in Japan and the first major U.S. investment in Japan’s wholesale energy market in recent years, billionaire investor Kenneth...
Carlyle explores sale of electric power producer Cogentrix, FT reports
PE firm Carlyle has hired advisers to explore a sale of Cogentrix that could value the North Carolina-based power producer at as much as $3 billion to $4 billion, the Financial Times reported, citing three people...
JSW, Torrent, Masdar among suitors for Enel’s India assets
About half a dozen investors, including Masdar Energy of the UAE, Singapore’s Sembcorp, JSW Energy, Torrent Power, Sekura Energy and ONGC, have submitted non-binding bids to acquire 760 MW of operational assets in...
NCLT allows fresh round of bidding for KSK Mahanadi
The National Company Law Tribunal (NCLT) Thursday allowed KSK Mahanadi Power Company Ltd’s committee of creditor (CoC) to invite fresh bids for the company. The tribunal dismissed Megha Engineering &...
Adani Power arm amalgamates Stratatech Mineral Resources
Adani Power Ltd (APL) on Monday said its arm Mahan Energen Ltd had approved a proposal to merge coal mining firm Stratatech Mineral Resources with itself. This will help improve fuel security, the company said...
NCLT halts Hiranmaye Energy resolution plan
The Kolkata bench of the bankruptcy court halted the corporate insolvency resolution process (CIRP) of thermal power company Hiranmaye Energy on the promoter’s plea that lenders should consider its ₹1,101.5 crore...
Iberdrola to buy rest of US power firm Avangrid in $2.6 billion deal
Spanish utility Iberdrola has agreed to acquire the remaining 18.4% stake in Avangrid that it does not already own, the U.S. subsidiary said on Friday, in an all-cash deal worth about $2.6 billion. The agreement would...
ONGC enters the fray to acquire Ayana Renewable Power
Oil and Natural Gas Corporation has entered the fray to acquire a significant majority stake in Ayana Renewable Power Pvt. Ltd, as India’s largest crude and natural gas producer seeks to bulk up its clean energy...
Power producer Calpine explores options including $30 bln sale, sources say
The investment firms that took U.S. power plant operator Calpine Corp private six years ago are exploring options that include a company sale, an initial public offering or a stake divestment at a valuation of about $30...
Reliance acquires step-down subsidiary for Rs 314 cr
Reliance Industries Ltd on Wednesday said it has acquired a step-down subsidiary engaged in the manufacture of petrochemicals and hydrogen, for Rs 314.48 crore. In a stock exchange filing, the firm said Reliance...
