energy
Indonesian gas power plant developer gets new funding
Indonesia Infrastructure Finance - a vehicle owned by the Indonesian government and several development finance institutions (DFIs) - has invested $12.5 million into a subsidiary of gas power plant developer Maxpower.
Standard Chartered PE commits $83m to Indian power business
Standard Chartered Private Equity (SCPE) will invest INR5 billion ($83 million) in the power grid subisiary of Sterlite Technologies, a listed Indian transmission solutions provider for the telecom and power industries.
Equis buys 47% stake in China's Oriental Gas
Energy and infrastructure investor Equis Funds Group has taken a 47% stake in Chinese natural gas developer and operator Oriental Gas as part of a $43 million equity financing package.
ADB invests $50m in India’s Welspun Renewables
The Asian Development Bank (ADB) has committed $50 million to the renewable energy division of India’s Welspun Group. It is the group’s largest direct equity investment in the renewable energy space.
China Soft Capital, Yangquan Coal form $480m industry fund
China Soft Capital (CSC) and Yangquan Coal Industry Group have launched an industry buyout fund with a target of RMB3 billion ($480 million).
Kerogen invests $100m in Kurdistan oil developer
Hong Kong-based energy investor Kerogen Capital has invested $100 million in HKN Holding, which owns HKN Energy, an oil and gas developer with an exclusive focus on Kurdistan.
China's Hainan Zhenghe commits $130m to First Reserve fund
Hainan Zhenghe Industrial Group, a Shanghai-listed property leasing company, will invest $130 million to First Reserve's latest global energy fund.
Portfolio: Standard Chartered and Navigat
Supported by Standard Chartered, Indonesia-based Navigat has evolved from a gas power equipment distributor into a fully-fledged independent power provider, serving geographies that others can’t reach
Denham mines Pembroke talent
When Barry Tudor stepped down as CEO of listed mining firm Gloucester Coal in 2012, he left behind quite a legacy. Tudor and his team shepherded the firm through a number of high-profile acquisitions – including that of Australia’s Middlemount Project...
Play the man
Denham Capital's investment in Pembroke Resources appears to follow a standard pattern: Find a management team with a track record of building and selling resources companies; furnish them with start-up capital to accumulate a portfolio of assets; provide...
IFC, Asia Green Capital team up on renewables
International Finance Corporation (IFC) will partner clean energy-focused investor Asia Green Capital Partners (AGCP) in backing renewable energy projects in Southeast Asia, particularly Indonesia.
SE Asia power developer Navigat gets additional PE backing
Indonesia-focused PE firm Mahanusa Capital and Gunung Sewu Group have invested $21 million in Navigat Group, a distributed power plant developer and power equipment distributor in Southeast Asia.
PE-backed GMR Energy shelves IPO
GMR Energy (GMRE), an Indian energy firm backed by a consortium of private equity investors including Singapore sovereign wealth fund Temasek Holdings and IDFC Alternatives has withdrawn from its IPO.
GE invests $24m in India solar plant
GE Energy Financial Services (GEEFS), the energy-focused investment unit of General Electric, has committed $24 million to India's largest solar power project operated by Welspun Renewables Energy.
INCJ exits 5% stake in UK's Seajacks to Marubeni
State-backed Innovation Network Corporation of Japan (INCJ) has sold a 5% stake in UK offshore energy services provider Seajacks to its Japanese co-owner Marubeni Corporation.
Hony supports Canadian energy investment platform
Hony Capital has agreed to support Canada Capital Energy Corporation (CCEC), a Chinese-owned oil and gas exploration and exploitation company, as it seeks to acquire energy assets in Western Canada.
Morgan Stanley PE Asia agrees two China take-privates
Two privatizations US-listed Chinese companies backed by Morgan Stanley Private Equity Asia (MSPEA) have won board approval. Noah Education Holdings and Sino Gas International Holdings are now a shareholder vote away from de-listing.
Mitsui leads $60m round for NZ cleantech play LanzaTech
Japan's Mitsui & Co has led a $60 million Series D round for New Zealand-based low-carbon fuels producer LanzaTech.
GSR Ventures to invest $580m in China new energy play
GSR Ventures has agreed to invest a total of RMB3.6 billion ($580 million) in Wuhan Kaidi Electric Power, a Shenzhen-listed clean energy technology provider.
NZ Super commits $250m to KKR energy investments
New Zealand Superannuation Fund (NZ Super) has committed up to $250 million to oil and gas investments in North America through a partnership with KKR.
Portfolio: CITIC Capital Partners and Elgin Equipment
When CITIC Capital Partners joined Audax Group in acquiring Elgin Equipment, its brief was to re-position the clean coal equipment business from low-growth America to high-growth China
Kerogen enters PNG LNG space
Seven years after ExxonMobil began its feasibility study on commercializing gas resources in Papua New Guinea (PNG) through liquefied natural gas (LNG), the PNG LNG Project is poised to start delivering on its promise.
Kerogen makes Asia oil and gas play, eyes Fund II
Kerogen Capital has invested A$30 million ($27 million) in Twinza Oil, which has oil and gas interests in Australia, Papua New Guinea and Thailand. The energy-focused GP is also said to be preparing to launch its next fund later in the year.
Australia's CHAMP PE seeks London listing for Shelf Drilling
Shelf Drilling, a shallow water drilling services company set up by Australia’s CHAMP Private Equity in conjunction with its US affiliate Castle Harlan and Lime Rock Partners, plans to list on the London Stock Exchange in May.