Private equity firm Kohlberg Kravis Roberts & Co (KKR.N) has bought a 9 percent stake in India's Avantha Power & Infrastructure Ltd for 2.17 billion rupees ($49 million) ahead of the utility's IPO.
Head of the Atomic Energy Organization of Iran (AEOI) Ali Akbar Salehi has announced that the Bushehr nuclear power plant will reach its nominal generating capacity in spring.
GE Energy has signed agreements worth approximately $700 million to supply power generation equipment and long-term services for a new gas-fired, independent power plant that will help Saudi Arabia, the Middle East's largest economy, meet a growing need for residential and industrial power.
US State New York could reliably boost power generation from wind from the current 1275 MW to 8000 MW by 2018, according to a new study by the state grid operator.
Reliance Power, India's top private energy company, has negotiated the country's biggest financing deal, raising more than $11 billion to build 10 GW of thermal power generation capacity.
The Malaysian government has announced it is planning to build two 1000 MW coal-fired power plants. This follows the cancellation of power transmission from the Bakun Hydroelectric project, said Energy, Green Technology and Water Minister Datuk Peter Chin Fah Kui.
General Electric (GE), the world’s second biggest producer of wind turbines, has formed a joint venture with China’s Harbin Power Equipment Co. to make and supply equipment to China.
India’s National Aluminium Company Limited (Nalco) is proposing to set up a 5000 MW ‘mega thermal power plant’ in Orissa, official sources have said.
The Pakistani Water and Power Development Authority (WAPDA) is planning to construct hydro-electric projects with a capacity of 20 GW during the next five years, according to authority chairman Shakil Durrani.
Sharp will acquire Recurrent Energy, a US developer of solar energy projects, in a deal worth up to $305 million. The Japanese company hopes the acquisition will strengthen its position in the fast-growing solar-power generation business.