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...
Power
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...
JSW Energy to bid for Raigarh Champa Rail Infra as NCLAT allows fresh bidding
National Company Law Appellate Tribunal quashed a Hyderabad bench NCLT order that denied permission to the lenders of debt-ridden Raigarh Champa Rail Infrastructure to start a fresh bidding process. This is a relief for...
Adani Power’s proposal to acquire Vidarbha Industries Power’s approved by NCLT
The Mumbai bench of the National Company Law Tribunal (NCLT) on Wednesday approved Adani Power Ltd’s acquisition of Vidarbha Industries Power Ltd. Before the tribunal’s nod, the secured creditors of the company approved...
Gentari plans to offload up to 50% stake in India arm
Gentari, the renewable energy arm of Malaysian national oil & gas company Petronas, is seeking to sell up to a 50% stake in its India unit in what could potentially become one of the largest green energy deals in...
KKR to buy Australia’s Zenith Energy from consortium
Private equity firm KKR said on Tuesday it had agreed to acquire Australian power producer Zenith Energy from a consortium comprising Australia-based Pacific Equity Partners, Canada’s OPSEU Pension Trust and...
British Columbia Investment buys stake in KKR’s Pinnacle Towers
Global investment firm KKR said on Monday that British Columbia Investment Management Corp (BCI) will acquire a minority stake in Pinnacle Towers, an Asia-based digital infrastructure platform with a focus on the...