In Short : A TPG-led consortium is set to acquire Siemens Gamesa India for $500-550 million. This strategic move strengthens the consortium’s position in India’s growing renewable energy sector. Siemens Gamesa India, a key player in wind energy, will benefit from fresh investments and expansion opportunities, supporting India’s clean energy transition and boosting the country’s […]
Consortium of three power cos acquires Karvy Data Management Services for Rs 159 crore – EQ
In Short : A consortium of three power companies has acquired Karvy Data Management Services for ₹159 crore. This strategic acquisition aims to leverage Karvy’s data management expertise to enhance operational efficiencies and customer service within the power sector. The deal underscores the growing importance of data-driven solutions in optimizing energy distribution and management. In […]
Consortium signs USD 34 bn MoU for hydrogen project in Mauritania – EQ Mag
Consortium signs $34 billion MoU for hydrogen project in Mauritania. German project developer Conjuncta said it signed a memorandum of understanding with Mauritania, Egypt’s energy provider Infinity and the United Arab Emirates’ Masdar for a $34 billion green hydrogen project in the West African country. The project will have a production capacity of up to […]
NTPC Limited Issue Tender for formation of consortium of insurance companies for insuring the assets of NTPC- Coal, Gas, Hydro and RE (Solar, Wind and small hydro) plants under Mega Risk Insurance Policy-2022-23 – EQ Mag Pro
NTPC Limited Issue Tender for formation of consortium of insurance companies for insuring the assets of NTPC- Coal, Gas, Hydro and RE (Solar, Wind and small hydro) plants under Mega Risk Insurance Policy-2022-23. For more information please see below link:
Consortium in talks for $1.5bn solar-powered desalination plant in Egypt – EQ Mag Pro
The proposal involves a 400-megawatt solar-power facility and a desalination plant The UAE’s Metito Holdings Ltd., Scatec and Orascom Construction are in talks with Egypt on a $1.5bn renewables-powered desalination plant, as the most populous Arab nation moves to address looming water shortages. The three-company consortium is in discussions with Egypt’s sovereign wealth fund to […]
Consortium wins bid to develop hybrid solar projects in DRC
Essor is an ambitious programme to build greenfield hybrid solar power generation and distribution projects in three cities in northern DRC (Gemena, Bumba and Isiro), each with a population of between 130,000 and 180,000. According to a company statement, these cities currently have no grid connection, and struggle to access reliable, affordable and clean power. […]