EnBW Negotiates $3.3 bn Capital Increase with Shareholders

16 Sep 2024 CW Team

EnBW is currently negotiating with its major shareholders regarding a potential capital increase of approximately $3.3 billion. This capital infusion is intended to support the company's expanded investments in Germany's energy transition. According to a statement released by the company, any decision about a possible share issue will be determined by the shareholders at the annual general meeting, based on a proposal from the group's management and supervisory boards.

Following the announcement, EnBW's shares, which have a free-float of only 0.39 per cent, saw an increase of 2.1 per cent. The company, predominantly owned by the German state of Baden-Württemberg and local municipalities, indicated that its investments in energy projects could rise to around 50 billion euros by 2030, an increase from the previously expected minimum of 40 billion euros.

The group noted that these investments would include new wind and solar parks, hydrogen-ready gas power plants, expansion of the energy grid, and the development of electric mobility. EnBW explained that these plans necessitate above-average capital requirements that cannot be met by operating income alone. The management is, therefore, exploring financing options given the historically high investment levels.

Additionally, EnBW is utilizing its access to capital markets to raise funds through debt markets, with the support of favourable credit ratings. The company has obtained long-term issuer ratings of Baa1 and A- from Moody's and Standard & Poor's, respectively.

Infrastructure Transport

22 Sep 2025

NHAI Tightens Contractor Norms to Boost Highway Quality

The National Highways Authority of India (NHAI) has revised Request for Proposal (RFP) provisions to enhance the quality of highway projects, reduce delays, and lower lifecycle costs. The updates tighten contractor qualification norms, strengthen execution compliance, and increase financial transparency, the Ministry of Road Transport and Highways (MoRTH) said on Wednesday.The stricter RFP clauses will ensure that only technically capable and experienced contractors are eligible for national highway projects. RFPs formally invite bids from contractors, specifying project requirements, terms, a..

Imphal to Gain Rail Connectivity with Jiribam Line Soon

Indian Railways is advancing rapidly on the Jiribam–Imphal railway line, a landmark project set to bring train connectivity to Imphal, the capital of Manipur. The 110.625 km line falls under the administrative control of the Northeast Frontier Railway (NFR) zone.Following the recent completion of the Bairabi–Sairang rail project, which enabled services from Aizawl (Sairang), Imphal will soon join the national rail network. During his visit to Manipur on 13 September 2025, Prime Minister Narendra Modi affirmed that the government is investing Rs 22 billion in the project.Currently, a 55.36 ..

Adani to Double Colombo Terminal Capacity Ahead of Schedule

India’s Adani Group and its partners are set to double the capacity of the $840 million Colombo West International Terminal months ahead of schedule, despite relinquishing $553 million in U.S. funding, according to an executive at partner firm John Keells Holdings.The deepwater terminal, situated alongside a facility operated by China Merchants Port Holdings, highlights Sri Lanka’s strategic role in the contest for influence in the Indian Ocean between New Delhi and Beijing.The first phase of the fully automated terminal became operational in April 2025. The second and final phase is under..