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 »
By Tomas S. Noda III
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.
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.
Memstar Technology terminates sale and purchase agreement with Longmen Group Limited Singapore-listed Memstar Technology has terminated its sale and purchase agreement with Chinese natural gas developer Longmen Group Limited, the company said in a regulatory filing. Memstar Technology had originally proposed to acquire Longmen Group Limited for $420 million in… Read more »
In 2006, erstwhile Monnet Ispat Ltd took up a new name Monnet Ispat and Energy Ltd to reflect the true nature of the activities in which the company was engaged in, which was to include steel making and power generation. Fast forward 10 years and Monnet Ispat and Energy is… Read more »
Singapore-based listed energy, water and marine group Sembcorp Industries has announced that its 100 per cent-owned subsidiary Sembcorp Utilities has increased its stake in its India renewable energy business to 65.12 per cent, from 64.06 per cent. According to a filing, Sembcorp Utilities had subscribed to the entire rights issuance… Read more »