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 Mit…