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Adani Energy plans at least $500 million foreign debt offering
BusinessLine· 2025-11-13 09:31
Core Viewpoint - Adani Energy Solutions Ltd. is planning to raise at least $500 million in foreign-currency debt to support its infrastructure investments, with the total funds potentially reaching $750 million [1][2]. Fundraising Details - The company is exploring various fundraising options, including Regulation D bonds, which allow for private sales of securities without full public registration [1]. - Documentation for the fundraising has begun, and discussions are ongoing with global financial institutions [2]. Investment Plans - The funds raised will be used to reduce the cost of capital and support the company's transmission buildout, which currently includes projects worth 600 billion rupees ($6.8 billion) under construction and 964.5 billion rupees in near-term tendering opportunities [3]. Company Context - This fundraising initiative follows a period of scrutiny for the Adani Group, including fraud allegations and a bribery probe, as the group refocuses on growth [4]. - BofA Securities has initiated overweight coverage on select dollar bonds, citing operating profit growth due to expanding capacity and a moderating debt profile [4]. Previous Fundraising - Earlier in the year, the Adani Group raised approximately $750 million through an offshore private placement bond, with BlackRock Inc. subscribing to about one-third of that amount [5]. - Management teams from the Adani Group are scheduled to meet with equity and credit investors, banks, and bond-rating firms in Singapore on November 24 and 25 [5].
X @Bloomberg
Bloomberg· 2025-11-13 08:56
Indian billionaire Gautam Adani’s energy transmission unit is seeking to raise at least $500 million in foreign-currency debt by early next year as the company boosts infrastructure investments https://t.co/EvSXKvwdsd ...
AB Amber Grid Operating Results for the first half of 2025
Globenewswire· 2025-08-08 13:19
Core Insights - Amber Grid reported stable revenue of EUR 35.0 million for the first half of 2025, unchanged from the same period in 2024 [2] - The net profit decreased to EUR 2.8 million in H1 2025 from EUR 3.4 million in H1 2024 [2] - Adjusted net profit increased to EUR 6.6 million in H1 2025, compared to EUR 5.1 million in H1 2024 [3] Financial Performance - Revenue for H1 2025: EUR 35.0 million (H1 2024: EUR 35.0 million) [2] - Net profit for H1 2025: EUR 2.8 million (H1 2024: EUR 3.4 million) [2] - EBITDA for H1 2025: EUR 11.0 million (H1 2024: EUR 12.0 million) [2] - Adjusted EBITDA for H1 2025: EUR 15.4 million (H1 2024: EUR 13.8 million) [3] Return on Equity - Average return on equity (ROE) for the last 12 months as of June 30, 2025: 4.5% (as of June 30, 2024: 2.4%) [2] - Adjusted average ROE for the last 12 months as of June 30, 2025: 6.9% (as of June 30, 2024: 5.2%) [3] Regulatory Adjustments - Adjusted financial indicators were recalculated due to temporary regulatory deviations from the profitability approved by the National Energy Regulatory Council of Lithuania (NERC) [4] - Revenue corrections for previous periods and deviations between regulated and actual profitability were considered in the adjusted calculations [4]
KBR Awarded Program Management Consultancy Services Contract by TAQA Transmission
Globenewswire· 2025-07-28 10:00
Core Insights - KBR has been awarded a Program Management Consultancy (PMC) services contract by Abu Dhabi Transmission Company PJSC (TAQA Transmission) for Phase 1 of its Nexus Scheme, which focuses on power and water projects [1][2] Group 1: Contract Details - KBR will provide PMC services for the Nexus Scheme across multiple locations in Abu Dhabi, managing the execution of various EPC packages, supply management, and infrastructure development [2] - The Nexus Scheme is a strategic investment aimed at addressing rising energy demands in the UAE while emphasizing sustainable and efficient operations [2] Group 2: Company Positioning - KBR's President of Sustainable Technology Solutions highlighted the company's commitment to supporting TAQA Transmission in the energy transition, focusing on security, sustainability, and affordability [3] - KBR is recognized for delivering best-in-class clean energy solutions globally, with services tailored to customer needs while prioritizing safety [3] Group 3: Company Overview - KBR employs approximately 38,000 people worldwide, serving customers in over 80 countries and operating in more than 29 countries [4] - The company provides technology, value-added services, and long-term operations and maintenance services to ensure consistent delivery and predictable results [4]
Ecopetrol S.A. Board of Directors Announcement
Prnewswire· 2025-04-24 14:15
Core Points - Ecopetrol S.A. has confirmed the continuation of Guillermo García Realpe and Mónica de Greiff Lindo as Chairperson and Vice-Chairperson of the Board of Directors respectively [1] - The Board of Directors has approved the formation of several support committees, including Audit and Risk Committee, Business Committee, Corporate Governance and Sustainability Committee, Remuneration, Appointments, and Culture Committee, HSE Committee, and Technology and Innovation Committee [2] Company Overview - Ecopetrol is the largest company in Colombia and a major integrated energy company in the Americas, employing over 19,000 people [2] - The company is responsible for more than 60% of hydrocarbon production in Colombia and has significant roles in transportation, logistics, and hydrocarbon refining systems [2] - Ecopetrol holds a 51.4% stake in ISA, which allows it to participate in energy transmission and manage real-time systems [4] - The company has international operations in strategic basins across the Americas, including drilling and exploration in the United States (Permian basin and Gulf of Mexico), Brazil, and Mexico [4] - Through ISA and its subsidiaries, Ecopetrol has leading positions in power transmission in Brazil, Chile, Peru, and Bolivia, as well as road concessions in Chile and involvement in the telecommunications sector [4]