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FirstEnergy to sell four gas plants to LS Power
FirstEnergy Corp said it would sell four gas-generating plants in Pennsylvania and portion of a Virginia hydroelectric power station to a unit of LS Power Equity Partners III LP for about $925 million.
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Investor Genius
Atlas Energy Group, LLC and Atlas Resource Partners, L.P. announced the appointment of Matthew Skelly as Vice President of Investor Relations of both ATLS and ARP.
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ReNew Power in talks with PE firm to raise $200 million
ReNew Power Ventures Pvt. Ltd, in which Goldman Sachs Group Inc. has a majority stake, is in advanced talks with Switzerland-based private equity (PE) firm Partners Group AG to raise $150-200 million to generate 400 MW of solar power.
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Suzlon completes Senvion sale
Suzlon Group has announced the completion of 100 per cent stake sale of Senvion SE, a wholly owned subsidiary to Centerbridge Partners.
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Tembusu invests $7.5 million in Param
Singapore private equity investor, Tembusu Partners has made a $7.5 million investment in Param Mitra Coal Resources, backed by the Sindhu family which owns India-based Sainik-Aryan Group. Param Mitra Coal Resources Pte Ltd (PMCR) owns two operating coal mines in East Kalimantan province of Indonesia.
Singapore, Tembusu Partners, Equity Investor, Param Mitra Coal Resources, Sainik-Aryan Group, PMCR, Coal Mines, Kalimantan, Indonesia, Gulf Cooperation Council, DBS Bank
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American Energy, EMG form midstream unit
American Energy Partners LP and The Energy & Minerals Group (EMG) have formed American Energy Midstream LLC (AE-MidCo) to focus on areas where affiliates of both companies have active upstream operations. AE-MidCo plans to build a portfolio of midstream assets focused on natural gas gathering and processing systems.
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Indian civil nuke liability is unique
India has taken a policy decision to invest in nuclear power and it is also under an obligation to remove certain ambiguities in the few clauses of Civil Nuclear Liability Act, says Mohit Abraham, Partner, PXV Law Partners.
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