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ADB to Invest $50 Mn in Avaada Energy for Expansion of Solar Projects in India

Date : Mar 22, 2019

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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Power Ministry Seeks Tariff Rationalisation for Hydropower Projects

Date : Mar 20, 2019

The Ministry of Power sought the Central and State Electricity Regulatory Commission for enforcement of tariff rationalisation for hydropower projects.

 

The tariff rationalization measures include providing...

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Bahrain Establishes Sustainable Energy Centre

Date : Mar 20, 2019

Bahrain has established the Sustainable Energy Centre (SEC) through a royal decree by His Majesty King Hamad bin Isa Al Khalifa.

 

The SEC will be affiliated to the Cabinet and supervised by the Minister of...

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Enec Signs Agreement with Spanish Firm for Nuclear Fuel Services

Date : Mar 20, 2019

The Emirates Nuclear Energy Corporation (Enec) said it has signed an agreement with Spanish state-owned company Enusa Industrias Avanzadas for collaboration and exchange of information and expertise in the field of nuclear fuel...

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Saudi Energy City Names Saif S AlQahtani as New CEO

Date : Mar 19, 2019

Saudi-based Energy City Development Company, the owner and developer of King Salman Energy Park (Spark), has appointed Saif S AlQahtani as its new president and chief executive officer following the approval from the...

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Empower’s District Cooling Transmission Pipeline Network Crosses 277-km Mark

Date : Mar 19, 2019

Emirates Central Cooling Systems Corporation (Empower) said its district cooling transmission pipeline network had crossed the 277-km mark at the end of 2018.

 

The Dubai-based district cooling services...

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Gasoline Demand Growing in China, India

Date : Mar 19, 2019

Gasoline demand in China and India has experienced growth to start 2019, Kallanish Energyreports. Opec's Monthly Oil Market Report (Momr) released last week shows oil demand is growing in both countries. China’s figures rose by 0.40...

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Bahrain Keen to Further Develop its Oil Industry – Premier

Date : Mar 18, 2019

Bahrain is keen to further develop its oil industry and also encourage new investment in it, His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa has asserted.

 

Bahrain boasts a long history...

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Saudi Oil Exports for Mar, Apr will be below 7 mbpd – Energy Minister

Date : Mar 18, 2019

Saudi energy minister Khalid Al-Falih said the kingdom's oil exports in both March and April will be below 7 million barrels per day (bpd).

 

Exports in April will be about 100,000 bpd below the March...

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Iraqi Boosting Arab Ties While Balancing Relations with Iran

Date : Mar 15, 2019

The Iraqi city of Sulaimaniyah hosted the sixth-annual Sulaimaniyah Forum on March 6-7, where discussions focused on Iraq’s strategic significance in the region. During the forum, Iraqi officials and their Arab counterparts called for...

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Iraq Gets New Sanctions Waiver to Buy Iranian Energy

Date : Mar 22, 2019

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 MoU

Date : Mar 22, 2019

Chart 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 Oman

Date : Mar 22, 2019

Shell 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 Plan

Date : Mar 22, 2019

Saudi 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 Project

Date : Mar 22, 2019

South 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 Maharashtra

Date : Mar 22, 2019

The 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 Contracts

Date : Mar 20, 2019

Saipem 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 April

Date : Mar 20, 2019

Debashish 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 Refinery

Date : Mar 20, 2019

India’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 Project

Date : Mar 19, 2019

PetroRabigh, 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)...

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