Petronas enters agreement with I Squared Capital for Amplus Energy Solutions sale
Petroliam Nasional Bhd (Petronas) has entered into an agreement with global infrastructure investor I Squared Capital for the acquisition of the 100% interest in Singapore-based Amplus Energy Solutions Pte Ltd, also known as M+.
Founded in 2010, M+ operates as a solar photovoltaic project developer in India with a present portfolio at 350 MW across the country. Among its clients is India Yamaha Motor Pvt. Ltd, Jubilant FoodWorks Ltd, Walmart India Pvt. Ltd, Hilton Hotels Corp. and Gurgaon-based Vatika Group.
Country updates
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June 05, 2019
Hero Future Energies Global Ltd seeks funds from IFC for 250 MW solar PV project in Rajasthan
Hero Future Global Ltd is seeking a loan of up to US$43.3 million from the International Finance Corporation (IFC) to fund its 250 MW solar photovoltaic park located in Bhadla, Jodhpur district,...
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June 04, 2019
IndiGrid to acquire five Indian transmission assets following KKR investment
India Grid Trust (IndiGrid or the InvIT) has announced the closing of a preference unit issuance worth INR2,514 crores (US$363 million). As part of the transaction, KKR and GIC have invested INR1,084...
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May 28, 2019
SECI awards 720 MW ISTS-connected solar-wind hybrid power projects under Tranche-II
The Solar Energy Corporation of India’s (SECI’s) has ended its 1.2 GW inter-state transmission system-connected hybrid solar-wind tender under the Tranche-II. India’s Adan...
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May 24, 2019
India extends bid for 3 GW solar project tender
State-owned Solar Energy Corporation of India (SECI) has extended bids submission deadline for manufacturing-linked 3-gigawatt solar power tender till May 31, 2019. On April 22, SECI had extended the...
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May 22, 2019
InfraCo Asia, REIL to develop 12 MW biomass power plant in central India
InfraCo Asia has signed a joint investment and development agreement with Real Energy & Infrastructure Private Limited (REIL) to develop a 12MW biomass power plant in central India. The&nbs...
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