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The Asian Development Bank (ADB) has announced that it will invest $50 million in Indian renewable energy independent power producer Avaada Energy Private Limited. Avaada aims to use the capital to expand its solar energy generation capacity in India.
The ADB and Avaada entered into an agreement which was signed by the chairman of the company Vineet Mittal and ADB’s principal investment specialist Mayank Choudhary.
“Supporting renewable energy capacity enhancement by way of debt and equity is a key focus area of ADB’s private sector strategy,” said Choudhary. &ldquo... |
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The Trump administration has reportedly granted Iraq a further 90-day extension to the waiver exempting it from US sanctions on Iran.
Source quotes a senior State Department official as saying on condition of anonymity:
“While this waiver is intended to help Iraq mitigate energy shortages, we continue to discuss our Iran-related sanctions with our partners in Iraq.”
According to some energy analysts, without continued sanctions exemptions, Iraq could lose more than a third of its power overnight. |
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Chart Industries & IOCL ink LNG MoUDate : Mar 22, 2019Chart Industries Inc. has announced that it has signed a memorandum of understanding (MoU) with Indian Oil Corp. Ltd to promote the development of the LNG market in India. According to the statement, the companies will focus... |
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Shell Wins Bunkering Facility Operating Contract in OmanDate : Mar 22, 2019Shell Oman Marketing Company has been awarded the contract to operate and manage bunkering facilities at Mina Al Sultan Qaboos.
The three-year contract has been awarded to Shell Oman by Muttrah Tourism... |
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Saudi Arabia Reveals Details of Phase II of Solar Energy PlanDate : Mar 22, 2019Saudi Arabia has revealed details of Phase Two of its National Renewable Energy Program (NREP) that will see seven solar photovoltaic (PV) projects being developed in the kingdom which will generate 1.52 GW energy and attract... |
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HCT Secures EPC Deal for Dubai South’s Solar Rooftop ProjectDate : Mar 22, 2019South Energy, the energy solution arm of Dubai South (the rebranded Dubai World Central), has signed up HCT Technical Services (HCT) to provide the engineering, procurement and construction (EPC) services for a 2MWp... |
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BPCL to Set Up Polypropylene Petrochemical Complex in MaharashtraDate : Mar 22, 2019The Bharat Petroleum Corporation (BPCL) is planning to set up a polypropylene petrochemical complex in Raigarh district of Maharashtra. The complex with a capacity of 4, 50,000 tpa will manufacture polypropylene (PP) and polyethylene at... |
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Saipem Wins $220mn Onshore Drilling ContractsDate : Mar 20, 2019Saipem has been new awarded new contracts, and extensions to other already existing contracts, in Onshore Drilling worth approximately 220 million USD in total. The new contracts involve projects to be carried out in Bolivia and Saudi... |
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NTPC’s Floating Solar Plant to Be Commissioned in AprilDate : Mar 20, 2019Debashish Das, NTPC director, Kawas, told reporters, “The work to set up the grid-connected floating solar project on Kawas campus was going on for the past six months and is nearing completion. The project is all set to be commissioned in April... |
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Indian-Omani Group Strikes $3.85 Bn Deal to Build Sri Lanka Oil RefineryDate : Mar 20, 2019India’s Accord Group and Oman’s Ministry of Oil and Gas have signed a $3.85 billion deal to build an oil refinery in Sri Lanka, the biggest single pledge of foreign direct investment ever made in the country. Sri Lankan... |
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Jacobs Wins PetroRabigh’s Operational Excellence ProjectDate : Mar 19, 2019PetroRabigh, the joint venture of Saudi Aramco and Japan’s Sumitomo Chemicals, has appointed US-based Jacobs Engineering to provide front-end engineering and design (feed) and project management consultancy (PMC)... |
The Railway Energy Management Company (REMCL), a joint venture (JV) of the Indian Railways and RI
The Oil and Natural Gas Corporation (ONGC) has awarded the engineering, procurement, construction
Transmission Corporation of Andhra Pradesh Limited has awarded a contract for the design and cons
Saudi Aramco is set to receive bids for the engineering, procurement and construction (EPC) contr
Abu Dhabi National Oil Company (ADNOC) has extended the technical bids submission deadline for th
Saudi Aramco has invited the pre-qualified companies to submit bids for its planned Marjan cogene
