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AIIM Makes Bid for African Renewables Firm Lekela, Reuters Says – EQ Mag Pro

African Infrastructure Investment Managers (AIIM) submitted an indicative bid for a 60% stake in Lekela Power, Reuters reported, citing unnamed sources. Lekela, one of Africa’s largest renewable energy companies, could be worth $2 billion in total, the report said. AIIM declined to comment, it added. Africa-focused power firm Globeleq, 70%-owned by British government development finance […]

REC loan sanctions grow 24% to Rs 1.12 lakh crore in Q1; Rs 40K cr for renewables – EQ