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Thermal power producer Adani Power (APL) acquired 100% equity of Lanco Amarkantak Power on Tuesday, with the approval of Competition Commission of India (CCI). The company aims to strengthen its capacity and reinforce its commitment to expanding its presence in the energy industry. This is said to be Adani Power’s second acquisition in the current fiscal year […]
Commercial ports operator Adani Ports and Special Economic Zone (APSEZ) acquired a 95% stake in Gopalpur Port (GPL) on Tuesday, for an equity value of ₹3,080 crore ($369.6 million). The deal involved acquiring a 56% stake from Shapoorji Pallonji (SP) Port Maintenance and a 39% stake from Orissa Stevedores of GPL. The company also said […]
Oil and gas company QatarEnergy, on Sunday, signed a time-charter party (TCP) agreement with energy transportation and maritime services provider Nakilat for operating 25 conventional-size liquefied natural gas (LNG) vessels, as part of the second ship-owner tender under QatarEnergy’s LNG Fleet Expansion Program. The agreement was signed by His Excellency Saad Sherida Al-Kaabi, Executive Chief […]
Motor vehicle manufacturing Mahindra and Mahindra signed a memorandum of understanding (MoU) with Adani Total Energies E-Mobility (ATEL) on Thursday, to broaden energy vehicle (EV) charging facilities in India. The agreement will include the rollout of e-mobility solutions to enable users with seamless access to the charging network including discovery, availability, navigation, and transactions, added […]
Raw material manufacturer JSW Group partnered with Morris Garages (MG) Motor India on Wednesday, and the company outlined big plans for the Indian automobile sector, including the development of new energy vehicles. The newly created joint venture will be formally called JSW MG Motor India. JSW MG Motor India intends to launch one new model […]
Steel-making company Tata Steel UK said Port Talbot-based Morfa Coke Ovens made its last ‘push’ on Wednesday, making it the last day of operation. The initial notice was released by CEO Rajesh Nair on Monday, stating to cease the operation of Morfa Coke Ovens as it has been deteriorating over many months despite many efforts […]
Shell New Energies US, a subsidiary of Shell Plc, on Wednesday, divested its 50% equity in SouthCoast Wind Energy, established to develop offshore wind projects, to Ocean Winds North America, wind electric power generator. SouthCoast was initiated in the year 2018, for a 50-50 joint venture between Shell and Ocean Winds to develop an offshore wind […]
Renewable energy company Good Enough Energy, on Tuesday, said it is set to start Battery Energy Storage System (BESS) gigafactory by investing $450 Crore ($54 million) for grid stability with an initial capacity of seven gigawatt hours (GWh) in Jammu and Kashmir, India. The company said its battery gigafactory will begin operations in October, with […]
Energy company Masdar, on Tuesday, said it signed an agreement to acquire 50% of stake in United States-based peer Terra-Gen Power Holding II from Energy Capital Partners (ECP), investment capital firm, to expand and retain its footprints in the US renewable energy market. The transaction is expected to close by the end of 2024, said […]
Electric vehicle maker VinFast, on Monday, established its subsidiary V-Green Global Charging Station Development Company (V-Green) to bring innovation in the charging infrastructure system for VinFast vehicles as well as make Vietnam a desirable destination for electric charging. The firm said V-Green will invest 10 trillion Vietnamese Dong ($403 million) over the next two years. […]
Oil and gas company ADNOC, on Monday, signed a 15-year agreement with Singapore-based peer SEFE Marketing and Trading, for the supply of 1 million metric tonnes per annum (MMTPA) of liquefied natural gas (LNG). LPG will be sourced from its Ruwais LNG project, said ADNOC. Additionally, in late December 2023, the firm joined forces with […]
BP’s electric vehicle charging brand BP Pulse acquired GSE Group-owned Ashford International Truckstop in Kent, a truck transportation halt area. This area is considered to be one of the largest truck stops in Europe. BP Pulse said the acquisition is with an objective to create a Europe-wide network of electric truck electric vehicles (EV) charging […]
