EGoM is set to decide pricing on the proposed sale of 3.56% stake in Neyveli Lignite Corporation on Wednesday.
Energy
EIV Capital Management Company raises US$65 million
Sources said EIV Capital Management Company had now raised US$65 million for its new energy investment fund.
Sithe Global announces new management team
Sithe Global Power announced that Bruce J. Wrobel chief executive officer and chairman is stepping down and that Martin B. Rosenberg and Brian H. Kubeck are to succeed him.
Colombia's Vetra Energia is acquired by a joint venture between ACON Investments amd CIPEF
ACON Investments and Capital International Private Equity Fund have announced its acquisition of Colombia's Vetra Energia.
India's Techno Electric looks to private equity frims for funds
Techno Electric & Engineering announced that it is considering investments from private equity firms to finance growth and expansion projects.
Latest News
A unit of J.P. Morgan Chase & Co. was slapped USD 410 million in fines by the FERC. The Federal Energy Regulatory Commission (FERC) fined a unit of J. P.
Centrica announced that it expects to close its USD 1 billion buy of Hess's Energy Marketing this year.
A source that was familiar with the discussions on the Teck-Iron Ore deal said that Teck Resources Ltd was among few bidders battling to acquire Rio Tinto Group's controlling stake in the Canada-based firm.
Today, New Source Energy Partners (NSLP) announced its acquisition of energy properties from Scintilla LLC valued at USD3.8 million.
Centrica Plc finalized the deal that enabled them to acquire Direct Energy Business for US$731 million.
The New South Wales state government announced that bidders for Macquarie Generation will have until August 19 to file expressions of interest.
Isagen Energia Productiva, the Andean nation's third-largest electricity generator, is set to raise funding from an initial public offering.
CGNPC announced that they are preparing to offer a dual initial public offering for 2014. China Guangdong Nuclear Power Plant (CGNPC) announced plans to launch a dual initial public offering in Hong Kong and Shanghai in the coming year.
Copperbelt Energy Corp. announced that it planned to raise US$150 million from Dutch and German development-finance institutions and other creditors.
