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    Sun, 8th Nov 2020 19:09:00
    Steel tycoon Sanjeev Gupta offloads Scottish power station
    teel tycoon Sanjeev Gupta has quietly offloaded a hydro-electric power station in the Scottish Highlands as his empire struggles for cash amid the pandemic. Investor Equitix took over Kinlochleven power station last month from the Indian-born trader’s Simec subsidiary, filings show. Gupta has become one of Europe’s biggest steel-makers during a five-year spree. He bought Kinlochleven from miner Rio Tinto — along with another hydro-electric power station and aluminium smelter in nearby Lochaber — in 2016 for £330m, promising to revive Scottish industry. Gupta, whose businesses trade under the GFG Alliance umbrella, then used those assets to sell hundreds of millions of pounds of bonds, via the finance firm Greensill, to Swiss fund manager GAM. The controversial bond sales were lubricated with a 25-year Scottish
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    Energy News
    How bankruptcy helps the coal industry avoid environmental liability
    Wed, 10th May 2023 18:04:00
    German lawmakers mull creating first citizen assembly
    Wed, 10th May 2023 17:00:00
    Yousaf: Just transition away from oil and gas is a moral imperative
    Wed, 10th May 2023 14:15:00


    How bankruptcy helps the coal industry avoid environmental liability
    Wed, 10th May 2023 18:04:00
    German lawmakers mull creating first citizen assembly
    Wed, 10th May 2023 17:00:00
    Yousaf: Just transition away from oil and gas is a moral imperative
    Wed, 10th May 2023 14:15:00


     
             
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