HANOI : U.S.-based energy utility AES Corp plans to develop a major offshore wind farm in Vietnam, the Southeast Asian country said on Friday, that could potentially double the country’s wind power capacity. The wind farm, estimated to cost $13 billion and with a combined capacity of 4,000 megawatts (MW), would be built off Vietnam’s […]
Adani’s bid to buy out AES from Odisha Power falls apart
The Odisha government has scuttled the plans of billionaire Gautam Adani-controlled Adani Power Ltd to acquire a 49% stake in Odisha Power Generation Corp (OPGC) from New York-listed AES Corp. The state government, which owns 51% of the power producer, has exercised its ‘right of first refusal’ to effectively disallow Adani Power from buying […]
