Deals this week: EP UK Investments, JSW Steel, Greencoat Renewables
EP UK Investments plans to acquire Langage and South Humber Bank combined-cycle gas turbine power stations from Centrica for £318m ($403.39m) in an all-cash deal.
The transaction is expected to be completed in the second half of 2017. It is a part of Centrica’s plans to shift its business to flexible peaking units, energy storage, and distributed generation.
JSW Steel plans to raise Rs80bn ($1.24bn) through a qualified institutional placement (QIP).
Based in India, the company produces and distributes iron and steel products.
Greencoat Renewables plans to raise €250m ($279.85m) by issuing 250 million shares priced at €1 ($1.12) a share in an initial public offering (IPO).
Proceeds from the offering are intended to be used for acquiring additional windfarms in Ireland followed by developing the wind and solar assets across the Eurozone.
PT Pertamina Geothermal Energy (PGE) has invested $397m for developing the third and fourth units of Ulubelu geothermal power plant in Lampung, Indonesia.
The units will have an installed capacity of 55MW each.
PGE is focused on the exploration, refinement, production, and distribution of geothermal energy.