Latest news
National Grid to sell 61% of its gas distribution business for £13.8bn
UK’s National Grid has agreed to sell a majority stake in its gas distribution business (NGGD) to a group of investors including Chinese and Qatari sovereign wealth funds in a deal valuing the business at about £13.8bn ($17.4bn), including debt.
read more... 09/12/2016
EIB will offer a funding for Polish power utility Energa's network
Polish state-controlled utility Energa declared on Wednesday it plans to issue hybrid bonds estimated at 250 million euros ($263 million) to the European Investment Bank (EIB) to finance investment in its electricity distribution network.
read more... 24/11/2016
Energy provider SSE will vend 16.7% stake in gas distribution business
SSE Plc, Britain's second largest energy provider, declared it had settled to sell a 16.7 percent stake in regional gas distribution business Scotia Gas Networks Ltd (SGN) to Abu Dhabi Investment Authority for 621 million pounds ($772.21 million).
read more... 17/10/2016
Azerbaijan: SOCAR opens new gas distribution network in Georgia
President of Azerbaijan’s SOCAR Rovnag Abdullayev took part with the Energy Minister of Georgia Kakha Kaladze in the launching of a gas distribution network in Girikhli village of Marneuli area in Georgia, as stated by SOCAR on September 5, 2016.
read more... 07/09/2016
RWE renewables and power distribution unit to be rebranded ‘Innogy ‘
RWE has unveiled that it has “rebranded “its renewables and power distribution subsidiary Innogy following a spin-off from its conventional power unit, announced in December.
read more... 01/07/2016