Equis Energy is allegedly looking for bids for $4b power assets

The bids must be in by late September, sources said.

Deal Street Asia reported that Equis Energy, the Singapore-based developer of power projects, has asked for binding bids for its $4 billion renewable energy business by late September, people with knowledge of the matter said. 

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

View the full report here.