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Tata Power and ICICI Bank backed Resurgent Power has acquired 75.01% stake in Jaiprakash Associates 1980-mw power plant, becoming the first of the nearly dozen stressed power plants proposed to be resolved by lenders outside insolvency court.
"Renascent Power Ventures Private Limited, a wholly owned subsidiary of Resurgent Power Ventures Pte. Limited has signed a share purchase agreement (SPA) with a consortium of lenders led by State Bank of India (SBINSE 2.00 %) to acquire 75.01% stake in Prayagraj Power Generation Company Limited (PPGCL), which owns and operates a 1,980 MW supercritical power plant in the s... |
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Albania, a country in the Balkan peninsula, has selected a group led by India Power Corporation Ltd. to build its first solar power project, source reported. The project capacity is 100 MW and expected to cost €70 million ($79.34 million). Apart from India Power Corporation Ltd., Mining Resources FZE based in the United Arab Emirates and the Hong Kong-based Midami Ltd. have been selected for the project. They were chosen as the best combination of technical and financial credibility, price and additional capacity, according to the country’s Ministry of Energy. More than 90 percent of Albania’s power is gene... |
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ADNOC Inks Two Major Deals with Aramco, Indian FirmDate : Nov 15, 2018Abu Dhabi National Oil Company (Adnoc) on Monday signed a deal with Aramco to explore investments improves in gas and LNG to expand its revenues and also inked a deal with an Indian firm to store oil in the state of Karnataka. Dr... |
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Adnoc Sour Gas Installs Remelter Facility at Sulfur StationDate : Nov 15, 2018Adnoc Sour Gas, a market leader in sour gas field development, has installed a Sulfur Remelter facility, at its Shah Sulfur granulation station, to maximize Sulfur recovery otherwise lost during normal transportation... |
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Penspen Secures $70m Contract with ADNOC OnshoreDate : Nov 14, 2018Penspen, a leading global provider of engineering and project management services to the energy industry, has been awarded a contract by Abu Dhabi National Oil Company (ADNOC) Onshore, with a value exceeding... |
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KNPC’s Biofuel Project Nears CompletionDate : Nov 14, 2018Kuwait National Petroleum Company (KNPC) said 96.9 percent of its Biofuel project was completed by end of October.
The USD 15.2 billion project, one of the world's largest, consists of two parts:... |
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DEWA Increases Al Maktoum Solar Park CSP Project CapacityDate : Nov 14, 2018Dubai Electricity and Water Authority (Dewa) has signed an amendment to the Power Purchase Agreement (PPA) with the consortium led by Saudi Arabia’s Acwa Power for Phase Four of the Mohammed bin Rashid Al Maktoum Solar... |
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SECI Increases Ceiling Price for Two Tenders to Woo DevelopersDate : Nov 13, 2018Solar Energy Corporation of India (SECI) has raised the ceiling price it had set for two recent innovative tenders by 10 paise per unit of power to induce more developers to bid for the projects after tepid response in previous... |
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Weir Wins ADNOC Onshore Contract for Wellhead EquipmentDate : Nov 12, 2018Weir Oil & Gas Pressure Control said it has been awarded its first three-year contract to provide in-country wellhead equipment and services to Abu Dhabi National Oil Company (ADNOC) Onshore from its API 6A manufacturing plant in... |
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Govt Okays EIA of Motihari-Amlekhgunj Fuel PipelineDate : Nov 09, 2018The construction of the Motihari-Amlekhgunj fuel project is expected to go on in full swing following the approval of the project’s Environmental Impact Assessment (EIA) by the government. The Ministry of Forests and Environment... |
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Adnoc Signs Renewable Energy Deal with Japan PetroleumDate : Nov 09, 2018Adnoc Distribution, the UAE’s largest fuel and convenience retailer, has signed an agreement with Japan Cooperation Centre Petroleum (JCCP) to supply, install and pilot the use of a photovoltaic (PV) solar power... |
The Public Authority for Electricity & Water (PAEW) has invited companies to submit bids for
Saline Water Conversion Corporation (SWCC) of Saudi Arabia has invited companies to submit new pr
Kuwait Oil Company (KOC) has awarded the engineering, procurement and construction (EPC) contract
Karnataka Renewable Energy Development Limited (KREDL) has issued a letter of award to develop 15
Saudi Arabia’s Water & Electricity Co. (WEC) is set to formally select the preferred bi
The Solar Energy Corporation of India (SECI) has extended the bid submission deadline for develop
