Equis seeks binding bids for US$4b power assets: sources

Hong Kong

EQUIS Energy, the Singapore-based developer of power projects, has asked for binding bids for its US$4 billion renewable energy business by late September, people with knowledge of the matter said.

A consortium led by I Squared Capital is among the suitors chosen to proceed in the bidding for the portfolio of Asia-Pacific assets, according to the people. The infrastructure investment firm is partnering Thai utility Electricity Generating Pcl and Japanese trading house Mitsubishi Corp, the people said, asking not to be identified because the information is private.