It is a subsidiary of Greek exploration and production firm Energean Oil & Gas.
By Nguyen Thi Bich Ngoc
SCG will increase its stake at Long Son from the current 46 per cent to 71 per cent.
Called Sidrap Project, it is the first utility-scale wind farm project in Indonesia targeted to have a generating capacity of 75 MW and is expected to be completed before 2017 ends.
Bill Gates and more than a dozen of the world’s wealthiest individuals revealed a new $1 billion investment fund late Sunday to foster major advances in clean energy production. Dubbed Breakthrough Energy Ventures, the 20-year fund is backed by a mix of technology luminaries and heavyweights from the energy industry…. Read more »
Actis Energy 4 LP is a fund which plans to invest in power generation and distribution assets in emerging markets in Africa, Asia and Latin America.
Among the oil and gas sub-sectors, exploration and production assets accounted for almost half of asset sales by value and 42 per cent by volume between 2014 and Q1 2016.
GMR will gain in at least two ways from its deal with Malaysian utility firm Tenaga Nasional—its debt will be trimmed and valuation of the energy business will get a major boost.
Vietnam’s newly appointed Prime Minister Nguyen Xuan Phuc has had meetings with major international corporations, including Russia’s biggest energy company Gazprom and Goldman Sachs, to talk about potential investment partnership.
The state-controlled utility company said in a bourse filing that the deal was completed after the transaction became unconditional.