Equis said to seek bind­ing bids for $4bn power as­sets

Muscat Daily - - BUSINESS -

Equis En­ergy, the Sin­ga­pore­based de­vel­oper of power projects, has asked for bind­ing bids for its US$4bn re­new­able en­ergy busi­ness by late Septem­ber, peo­ple with knowl­edge of the mat­ter told Bloomberg.

A con­sor­tium led by I Squared Cap­i­tal is among suit­ors cho­sen to pro­ceed in the bid­ding for the port­fo­lio of Asia Pa­cific as­sets, ac­cord­ing to the peo­ple. The in­fra­struc­ture in­vest­ment firm is part­ner­ing with Thai util­ity Elec­tric­ity Gen­er­at­ing Pcl and Ja­panese trad­ing house Mit­subishi Corp, the peo­ple said, ask­ing not to be iden­ti­fied.

Orix Corp, which has teamed with Dutch as­set man­ager APG Groep NV, and Royal Dutch Shell Plc were also in­vited to make sec­ond-round of­fers, the peo­ple said.

Newspapers in English

Newspapers from Oman

© PressReader. All rights reserved.