Malaysia’s state-owned oil and gas company, Petroliam Nasional Berhad, or Petronas, is in talks with New York-based I Squared Capital to buy a majority stake in Amplus Energy Solutions Pvt. Ltd, one of India’s largest rooftop solar power producers, in a potential deal worth about ₹2,700 crore, said two people aware of the development.
Global Infra Partners, KKR, Brookfield, I Squared Capital and Macquarie are among the 15 large funds in the race for buying over 1,000-megawatt renewable energy assets of Infrastructure Leasing & Financial Services Ltd (IL&FS).
The proposed sale of the stake held by the IL&FS Group in these assets and businesses is likely to garner Rs 6,000-8,000 crore.
MERC on Tuesday heard a petition filed by state power utility firm, MSEDCL, which demanded recovery of Rs 4,200 crore from private power generation firms towards use of power from the common grid. MSEDCL sources said Tata Power, Adani and BEST used power from the common grid in 2016-17 and 2017-18 at cheaper rates but did not pay the due charges.
Buoyed by the success of ‘Aditya’, the Kerala Water Transport Department is gearing up to launch two more solar-powered ferries.
The boats, being manufactured by NavAlt Solar and Electric Boats Pvt Ltd, will be ready by this year-end. This apart, the company is also building a solar tourist boat for the department, which will be completed by August.
Amid the brewing resentment, the state government is determined to go ahead with the waste-to-energy plants in the state as the Kerala State Industrial Development Corporation (KSIDC) is all set to float tenders for three more such plants.
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