Bloomberg A Czech energy company led by billionaire Daniel Kretinsky was the big winner in a UK auction to secure power capacity, procuring a 15-year government subsidy to build a gas-fired plant. EP UK Investments Ltd.’s planned units at Eggborough, Yorkshire, were awarded provisional contracts along with a grid-scale battery at the site. That will help secure about $1.8 billion ...

  Bloomberg Private power producers in Bangladesh have sought $1 billion of foreign currency from the country’s central bank to import heavy fuel oil to avert a looming energy crisis this summer. The companies are seeking the greenback supply to banks to allow opening letters of credit for purchasing the fuel from overseas, the Bangladesh Independent Power Producers’ Association, the ...

Bloomberg India is set to use this week’s meeting of finance ministers and central bank governors from the Group of 20 nations to try to amplify its influence over developing economies in Asia, Africa and Latin America called the Global South. Without the cash to dole out billions in loans like China did under President Xi Jinping’s Belt-and-Road Initiative, India ...