PowerUtility

Oman Power Utility Delays IPO Plans, Considers Bond Sale

2 months ago

In a strategic shift, Oman’s power utility is reportedly pausing its initial public offering (IPO) plans as it evaluates a more favorable route for raising capital through bonds. This move signifies a critical pivot in the utility's approach to financial strategies in response to evolving market dynamics.

Rising Municipal Debt Poses Challenges for Eskom's Restructuring Initiatives

4 months ago

In a concerning development for South Africa's energy landscape, the mounting municipal debt is beginning to threaten the ambitious restructuring plans of Eskom, the nation's power utility. As municipalities across the country struggle to manage their finances, the ripple effects are being felt by Eskom, which has long been plagued by financial instability and operational inefficiencies.

Eskom Anticipates Its First Profit in Seven Years Amid Energy Challenges

5 months ago

In a groundbreaking development for South Africa’s beleaguered power utility, Eskom, the company has indicated that it is poised to achieve its first profit since 2017. This forecast is part of a broader strategy aimed at restoring financial stability amid ongoing challenges in the energy sector.

Kretinsky’s EPH Acquires Enel’s Stake in Slovakia’s Leading Power Utility

5 months ago

In a significant move within the European energy market, Czech billionaire Daniel Kretinsky's energy group, Energeticky a Prumyslovy Holding (EPH), has reached an agreement to purchase Enel SpA's stake in Slovakia's largest utility, Slovenske Elektrarne. This acquisition is pivotal not only for Kretinsky's business interests but also for the evolving landscape of energy production in the region.