Page 13 - AsiaElec Week 01 2023

AsiaElec NEWSBASE’S POWER ROUNDUP GLOBAL (NRG POWER) AsiaElec

NewsBase’s Power Roundup

Global [NRG Power]

POWER WELCOME to NewsBase’s Power Roundup REM: Saudi Arabia’s sovereign wealth fund
Global (NRG Power), in which the reader is buys stake in offshore wind developer Skyborn
invited to join our team of international editors, Renewables
who provide a snapshot of some of the key issues The Saudi Arabian sovereign wealth fund has
affecting their regional beats. We hope you will like bought a stake in Germany-based Skyborn Re-
NRG Power’s new concise format, but by clicking newables, an offshore wind developer. Saudi
on the headline link for each section the full text Arabia’s Public Investment Fund (PIF) has tak-
ill be available. en a 9.5% stake in Skyborn.

AfrElec: Tlou Energy raises $2mn for gas drilling ENERGO: PPC of Greece begins exclusive ne-
at Lesedi Power project in Botswana gotiations on Enel’s Romanian assets
ASX-listed power solutions developer Tlou Public Power Corp. (PPC), the largest electric-
Energy says it has received firm commitments ity company in Greece, signed an exclusivity
to raise AUD3mn ($2.03mn, BWP26.485mn) agreement with the Italian company Enel on
for the development of its Lesedi power project a possible acquisition of the latter’s assets in
in Botswana via a placing of 87,796,135 new Romania, said a press release from the Greek
ordinary shares of no-par value. Most of the company on December 14. The Greek electrici-
funds will be raised through IC Australia, an ty company is looking into making acquisitions
entity controlled by Ian Campbell, a high net in Romania and Bulgaria as part of its overseas
worth investor based in Sydney, who invested expansion efforts. Last month, Italian energy
AUD2mn and a further AUD3mn in separate group Enel announced that it aims to sell its
share issues in November and has now agreed Romanian assets and exit the country in order
to subscribe for 71,428,571 new shares at a cost to focus on Italy and Spain.
AUD2.5mn.

Week 01 03•January•2023 www. NEWSBASE .com P13