I Squared Capital, an independent global infrastructure investment manager, has signed an agreement through its ISQ Global Infrastructure Fund II, to acquire a 100 percent interest in TIP Trailer Services, a leading pan-European and Canadian trailer leasing and services company, from HNA Group (International) Company Limited.

 

Headquartered in Amsterdam and operating in 17 countries, TIP is one of the leading companies in its field in markets across Europe including Germany, the UK, Italy, France, Spain and the Benelux countries, as well as in Canada. It has a fleet of over 66,000 trailers and 86 trailer service centers serving approximately 7,700 customers, including numerous global logistics operators and retailers.

 

“Our investment in TIP is the result of a detailed review of global transportation opportunities that provide essential links while benefiting from macro-economic tailwinds,” said Adil Rahmathulla, Partner of I Squared Capital. “With strong market positions across Europe and a sizeable business in North America, TIP’s global reach is an excellent fit for I Squared Capital. We look forward to working with TIP’s seasoned executive management team and roster of world-class logistics and retail customers to continually deliver essential services and position the business to drive growth across Europe, North America and beyond.”

 

“This is the start of an exciting new chapter for TIP and we believe that as an infrastructure investor that knows our sector well, I Squared Capital will be a strong long-term partner for us,” said Bob Fast, CEO of TIP. “Our business is well-positioned for growth in the transportation equipment leasing and maintenance services sector in Europe and North America, and we are glad to have a partner with the capital to invest in our fleet and enable us to deliver even better service to our valued customers.”

 

I Squared Capital is a global infrastructure investor with over $12 billion of assets under management and focusing on energy, utilities, telecom and transport. Select portfolio companies include the Viridian Group, a leading integrated Irish utility with conventional generation, renewable generation, and supply; Grupo T-Solar, one of largest solar platforms in Spain with 392 megawatts of photovoltaic and concentrated solar power generation capacity; and American Intermodal Management, a transportation platform leasing new marine chassis with GPS technology to retailers, logistics companies and shipping lines in the U.S. intermodal supply chain.

 

Linklaters is legal advisor to I Squared Capital. EH Global Capital is the financial advisor to HNA, and CMS is HNA’s legal advisor.

 

About I Squared Capital

 

I Squared Capital is an independent global infrastructure investment manager focusing on energy, utilities, telecommunications and transport in the Americas, Europe, and Asia. The Firm has offices in New York, Houston, London, New Delhi, Hong Kong and Singapore.

 

About TIP Trailer Services

 

TIP Trailer Services is one of Europe and Canada’s leading equipment service providers. TIP Trailer services specializes in trailer leasing, rental, maintenance and repair, as well as other value-added services and provide these to transportation and logistics customers across Europe and Canada. Headquartered in Amsterdam, TIP services their customers from 86 locations spread over 17 countries.

 

 

 

 

 

 
Read more: I Squared Capital to Acquire Leading...

At One Mega Event 2018, find out how mobile and futuristic technologies, and intelligent mobility in smart cities can tackle gender-based harassment and violence in public spaces. The expo will be held at Pragati Maidan, New Delhi from 23-25 May 2018.

Since women and girls are subject to the threat of sexual harassment and violence worldwide, this May, One Mega Event 2018 will host a special session titled, Metropolitan strategies to achieve Safe Cities for women and girls: The NUA and SDG as a real opportunity at Pragati Maidan, New Delhi.

Read more: One Mega Event 2018 to deliver women and girls...

NTPC Awarded for Financial Excellence

28th Feb, 2018

NTPC , the largest Power Utility of the Country has been awarded for Overall Best Financial Performance by Governance Now at the 5th PSU Awards ceremony held in Delhi. Shri K.P. Gupta, ED , Finance, Law & Company Secretary and Shri Aditya Dar, General Manager ( Finance), NTPC received the award

Award was presented by Shri Mansukh Lal Mandaviya, Hon'ble Union Minister of State for Shipping , Road Transport, Highways, Chemical & Fertilizers and Smt. Krishna Raj, Hon'ble Union Minister of State for Agriculture and Farmers Welfare in the presence of Shri Raju Srivastav, well known Stage Artist


« Back to Press Releases
Read more: NTPC Awarded for Financial Excellence

World Water Day at NTPC

23rd Mar, 2018

NTPC ​celebrated World Water Day (22nd March 2018) to commemorate the occasion, Power Management Institute (PMI) organized a talk by Padmashree (Ms) Naina Lal Kidwai, as part of PMI Eminent Speaker Series on theme "Making Every Drop Count".

A compendium of "NTPC Practices & Initiatives in Water Conservation" encompassing best practices and initiatives of NTPC  was also released on this occasion by  Shri Saptarshi Roy, Director (HR) accompanied by ​Padmashree ​(Ms) Naina Lal Kidwai,  Shri Vinod Kumar,Independent Director and  Shri A K Bhatnagar, ED (PMI)

The program was attended by a large number of employees and was also telecasted live to all offices and locations of NTPC.


« Back to Press Releases
Read more: World Water Day at NTPC

NTPC Ltd. pays Interim Dividend of Rs. 2,251.01 crore for FY 2017-18

19th Feb, 2018

For the financial year 2017-18, NTPC Ltd. has paid an interim dividend of Rs. 2,251.01 crore, being 27.30% of the paid-up equity share capital of the Company.

The RTGS advice for the transfer of Rs. 1,401.81 crore to Government of India, being the share of Government of India in the interim dividend, was presented by Shri Gurdeep Singh, CMD, NTPC, to Shri R.K.Singh, Hon’ble Minister of State (Independent Charge) for Power and New & Renewable Energy in the presence of Shri Saptarshi Roy, Director (Human Resources & Finance), Shri A. K. Gupta, Director (Commercial), Shri. S.K.Roy, Director (Projects), Shri Prakash Tiwari, Director (Operations) and Shri Prasant Kumar Mohapatra, Director (Technical) from NTPC Ltd.

This is the 25th consecutive year that NTPC Ltd. has paid dividend.


« Back to Press Releases
Read more: NTPC Ltd. pays Interim Dividend of Rs. 2,251.01...

Power Pavilion at India Sourcing Fair-2018 at St. Petersburg showcases Indian Power Potential - NTPC as nodal agency highlights its strength on Renewable Energy and International Business

23rd Mar, 2018

The Power Pavilion, Ministry of Power, Government of India showcased India’s Power Potential at the three day India Sourcing Fair -2018 held at St Petersburg, Russia from 20th -22th March, 2018. NTPC as the nodal agency for the Power Pavilion highlighted its potential as an International Player for New Power Projects in Developer Mode, taking over of old power projects and Renovation and Modernisation. NTPC has been a pioneer in capacity building onshore, offshore and Training.

The Power Pavilion was inaugurated by Shri Arun Kumar Panda, Secretary, MSME ,Govt of India in the gracious presence of Shri Arun Kumar Sharma, Consul General of India, St.Petersburg, Russia. Senior Officials to Govt. of India which included Ms. Renuka Kumar, Director(Coordination),Policy &Planning, Ministry of Power and officials from Ministry of Steel and MSME were also present at the inaugural function.

The Power Pavilion drew inquisitive visitors from various global consultants and companies on NTPC’s offshore business opportunities, wind power and solar power generation and NTPC’s commitment to Renewable Energy. Various power plant equipment manufacturers and consultancy firms expressed keen interest on electric charging vehicles, on the research and development arm-NETRA and O&M services of the power major.   Various power plant equipment manufacturers and consultancy firms expressed keen interest on electric charging vehicles, on the research and development arm-NETRA and O&M services of the power major.

Along with NTPC, Power Grid, CPRI, EESL and NHPC also participated in the Fair.


« Back to Press Releases
Read more: Power Pavilion at India Sourcing Fair-2018 at...

We are working towards a Healthier Planet and Clean India as our Social Objective-Power Minister Shri R.K. Singh

08th May, 2018

NTPC has been at the forefront of Agro Residue and Municipal Solid Waste Management, to give the capital and NCR cleaner air. NTPC pro-actively ran a pilot project to use bio- mass for power generation, which proved that bio-mass conversion into power is a viable solution to better air quality. The intent is to generate power while keeping India’s environment healthy while we contribute to the Swachh Bharat programme”, Shri R.K. Singh, Hon’ble Minister of State (I/C)- Power and New & Renewable Energy, said, while speaking at the inauguration of NTPC’s two –day conference on “Agro Residue and Municipal Solid Waste to Power: Challenges and Way Ahead for India.

He said, “Our long-term social objective is that of a healthier planet and there are costs attached to attain this objective. Our intent is to design policies so that our long-term social goals are met for clean India. Agro residue and municipal solid waste can both be used for power generation, we just need to address the challenges to optimally leverage this process.

Speaking on the occasion, Shri A.K. Bhalla, Secretary Power, GOI said, “NTPC is the flagship company of the whole country and I would like to complement the NTPC management for bringing in the spirit of innovation to tackle these issues for a clean environment. I believe this conference is an ideal platform for all stakeholders to collate and interact on imperatives and issues facing the sector and use them at power projects on Pan-India basis. The key takeaways from this conference are going to pave a path for progression and a change for the better tomorrow. We extend our full support for this initiative

Sharing his thoughts on the conference, Mr. Gurdeep Singh, CMD, NTPC said, “This initiative was started sometime back when we faced an issue with the city’s air-quality last year in the month of October. Our ministry proactively came out with the policy framework where we worked cohesively to provide a viable solution towards segregating and optimally utilising Agro Residue and other solid -wastes.


« Back to Press Releases
Read more: We are working towards a Healthier Planet and...

India Power Inc For Increased Safety & Efficiency in Power Sector

13th Feb, 2018

Power minister and eminent experts from the sector share thoughts on increased safety standard at power plant sites

Over 800 eminent power experts gathered at O&M conference

New Delhi, February 13, 2018: India’s largest Operations & Maintenance conference – Indian Power Stations 2018 was inaugurated by Hon’ble Minister of State (Independent Charge) Power and New & Renewable Energy, Shri R K Singh in New Delhi today. The three-day event, to commemorate synchronisation of NTPC’s first thermal plant at Singrauli Super Thermal Power Station 36 years ago, was kicked-off with eminent experts and leaders sharing their thoughts on safety concerns in the power sector.

Inaugurating the conference, the Union Minister of State (IC) for Power and New and Renewable Energy, Shri R.K. Singh lauded NTPC for its efficiency and safety track record and advised the Maharatna to get into power exports and setting-up power plants overseas.

Speaking on the occasion, Shri A K Bhalla, Secretary, Ministry Of Power laid emphasis on technology and bringing down the power shortage and said, “Today we have IT-enabled systems to improve knowledge and efficiency in the sector. We need to keep ourselves updated with the developments in the sector and we will be able to find solutions easily”.

Highlighting technological challenges, addressing issues and formulating solutions & strategies in the presence of key stakeholders, the O&M conference – Indian Power Stations 2018 mirrors NTPC’s commitment towards making quality power available 24x7 while ensuring minimum carbon footprint.

Shri P K Pujari, Chairperson, CERC, “NTPC is setting the benchmarks in project management and its operational practices are rated amongst the best in the world”. Speaking about the overall energy mix, he said, “ Addressing delegates and officials at the international O&M conference, Shri Gurdeep Singh, CMD, NTPC said “Safety is always the first priority and we should demonstrate the same through our actions.

He further added that coal was here to stay for two to three decades, if not more and coal based power plants need to focus on raising their efficiency levels.

The three day conference will serve as a platform for delegates to lay the foundation of a dialogue with the global fraternity and additionally enhance the awareness and knowledge of every participant at the global conference.


« Back to Press Releases
Read more: India Power Inc For Increased Safety &...

NTPC Raised US$ 400 million from international markets

12th Mar, 2018

NTPC Limited (NTPC), the largest power generating company in India, priced a US$ 400 million Medium Term Note offering in the international markets on 12th March 2018. This is the ninth offering under the company’s US$ 6 billion Medium Term Note MTN programme since it was set up in 2006, taking the cumulative amount raised under the programme to US $ 3.85 billion.

Having updated the MTN programme in December 2016, NTPC was well positioned to take advantage of a supportive primary credit market and launched a benchmark size, senior, unsecured, fixed rate 10 year bond transaction with an initial price guidance of US Treasuries (UST) plus 180 bps area on 12th March (Asia open). The offering was met with strong demand and the transaction was oversubscribed within 4 hours of bookbuilding. At Asia close, the guidance was subsequently revised to T+170 bps. The final orderbook was over US$ 750 million, an oversubscription of nearly 1.5 times, with orders from more than 60 accounts. The bonds were finally priced at UST+170 bps with the coupon fixed at 4.50% p.a.

In terms of geographical distribution, Asia took the bulk of the transaction at 79%, with supplemental demand from Europe, Middle East & Africa (EMEA) and offshore US accounts at 18% and 3% respectively. Distribution by investor type was well diversified as Funds Managers took 46% of the transaction, followed by Insurance 36%, Public Sector 12%, and Banks 6%.

With a robust portfolio of projects under execution, the Company intends to use the proceeds of the issue to finance its ongoing and new power projects, coal mining projects & renovation and modernization of power stations.

Axis Bank, Barclays Bank, MUFG and Standard Chartered Bank were the bookrunners on the offering


« Back to Press Releases
Read more: NTPC Raised US$ 400 million from international...

HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has inaugurated the 200 megawatt (MW) first stage of the 800MW third phase of the Mohammed bin Rashid Al Maktoum Solar Park. Dubai Electricity & Water Authority (DEWA) is implementing the third phase using the Independent Power Producer (IPP) model at Levelised Cost of Energy of 2.99 US cents per kilowatt hour using photovoltaic solar panels. The 3rd phase is being implemented in partnership with a consortium led by Abu Dhabi Future Energy Company (Masdar) and Électricité de France (EDF) Group. The second and third stages of this phase, which have a capacity of 300MW each, will be completed in 2019 and 2020 respectively.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180506005033/en/

 
Dubai Adds 200MW Solar Energy, Increasing Clean Energy Share To 4% of Installed Capacity (Photo: AET ...

Dubai Adds 200MW Solar Energy, Increasing Clean Energy Share To 4% of Installed Capacity (Photo: AETOSWire)

HE Saeed Mohammed Al Tayer, MD & CEO of DEWA, noted that the plant is the first in the Middle East and North Africa (MENA) to use a single-axis solar tracking system, which increases energy efficiency by 20-30%. It uses over 800,000 self-cleaning solar cells that maintain a high-performance level. The project provides over 60,000 residences with clean energy, reducing over 270,000 tonnes of carbon emissions annually. It was implemented with over 2.4 million accident-free man-hours.

 

Al Tayer noted that the project has increased the share of clean energy to 4% of Dubai’s total installed capacity. Capacity of the photovoltaic and Concentrated Solar Power (CSP) IPP–based projects currently under construction is 1,500MW.

 

“Masdar and DEWA have played an active role in enhancing the cost efficiency and productivity of renewable energy by deploying the latest advances in technology. Solar power complements conventional energy in a relationship that makes perfect economic sense in this region, given the number of clear sunny days in the year, by helping to reduce energy costs through peak shaving,” said HE Dr. Sultan Ahmed Al Jaber, UAE Minister of State and Chairman of Masdar.

 

“It is a great honour for the EDF Group to contribute to the Emirate of Dubai’s energy transition. I am delighted with the trusting relationship we have forged with our partners, DEWA and Masdar, to develop carbon-free energy in the region and beyond,” said HE Jean-Bernard Levy, Chairman and CEO of EDF Group.

 

*Source: AETOSWire

 

 
MULTIMEDIA AVAILABLE :
https://www.businesswire.com/news/home/20180506005033/en/
Read more: Dubai Adds 200MW Solar Energy, Increasing Clean...

NTPC School of Business (NSB) honors Meritorious Students at its Second Convocation

28th Mar, 2018

NTPC School of Business (NSB), held its Second Annual Convocation today to celebrate and honour students of Post Graduate Diploma in Management (Executive) who are all set to contribute to the corporate world. Prof Errol D’souza, Director IIMA, Chief Guest on the occasion awarded Gold and Silver Medal to the meritorious students, Shri Gurudas Mishra from NTPC and Shri K. Rohit from Tata Power, respectively. Speaking on the occasion, Prof D’souza said that the students have passion and zeal and are ready to take on the challenge of climate change by introducing sustainable practices in the energy sector.

Shri Gurdeep Singh, CMD, NTPC wished the graduating students a happy and bright future. He urged the students to work towards generation of reliable and affordable electricity in a sustainable and environment friendly way and contribute to the energy sector.

Management courses at NSB have been designed with special focus on power sector to create a world class research and policy center including two weeks’ International Immersion program. NSB promotes excellence amongst its graduate students to become catalysts of innovations in the power sector with both social and business acumen creating prospects for sustainable and smart power management.


« Back to Press Releases
Read more: NTPC School of Business (NSB) honors Meritorious...

NTPC IIMA Join Hands for World Class Institute in Energy Management

06th Mar, 2018

India's power sector leader NTPC and top business school IIM-Ahmedabad today announced a joint initiative to create a world class research institute at NTPC School of Business for policy prescription and churn out management graduates with focus on energy sector.

We are proud to have entered an agreement, under which India's marquee business school -- Indian Institute of Management, Ahmedabad - will hand hold NTPC School of Business to replicate its management degree courses beginning this year with special focus on energy verticals not only for NTPC but for the entire power sector," Shri Saptarshi Roy, Human Resource Director of Maharatna PSU, said on the occasion of the alliance.

This is the first time we are tying up with a leading academic institution for degree and other specialised courses on the lines of IIM-A. We were blessed with handholding from IIM-A for five years and we are proud of it. We will be doing the same with NTPC School of Business (NSB) and hand hold it for five years, create a top class faculty like our own and offer a host of specialised electives for various aspects related to energy and power sectors," IIM-A's HRM Area Chair and Strategic Management Professor Shri Sunil Kumar Maheshwari said.

We have the entire infrastructure at our NSB’s NOIDA campus ready to start the courses from the academic year including residential facility for the students. We intend to enrol 120 students in the first year”, said Shri A.K. Bhatnagar, Executive Director, Head of Power Management Institute & NSB, NOIDA.


« Back to Press Releases
Read more: NTPC IIMA Join Hands for World Class Institute...

More Articles ...

Translator

SolarQuarter Tweets

Follow Us For Latest Tweets

SolarQuarter 300+ Attendees Joining India Solar Week 2018_12 & 13 July, Vivanta by Taj , New Delhi - https://t.co/ELLdE6f1KM
About 9 hours ago
SolarQuarter SolarQuarter in conversation with Mr. Vivek Jha, Co-founder and Managing Director, Yellow Tropus Pvt. Ltd.… https://t.co/8urjhipZTL
Friday, 22 June 2018 07:57
Thursday, 21 June 2018 11:19