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Tata Power and ICICI Bank Backed Firm to Buy Jaypee's Prayagraj Power from Lenders

Date : Nov 15, 2018

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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KPC Unit ‘hte’ Invests in Catalyst Testing System

Date : Nov 15, 2018

Germany-based hte, a high throughput experimentation company, has supplied a high throughput catalyst testing system for hydroprocessing applications to Kuwait Petroleum Research and Technology (KPR&T/Q8 Research), an affiliate of...

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Solar Decathlon Teams Start Building Solar-Powered Homes

Date : Nov 15, 2018

Teams participating in the first Solar Decathlon - Middle East (SDME) 2018 have started to construct the houses they designed for the competition at Mohammed bin Rashid Al Maktoum Solar Park, said Dubai Electricity and Water Authority...

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GCC Needs $109bn Investment for Power Sector over Next 5 Years

Date : Nov 15, 2018

The GCC private sector and international investors will continue to play an increasingly important role in meeting the rising demand for electricity across the Arab world, according to the newly-released MENA Power Industry Outlook...

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GAIL India’s Gas Pipeline Project Gets Few Takers

Date : Nov 14, 2018

GAIL (India) has put its gas pipeline projects on the fast track but has only a few takers in West Bengal. A pipeline that can carry nine mmcd of gas is going through West Bengal.

 

The West Bengal Power...

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JNPT to Set up Edible Oil Refinery Near Mumbai

Date : Nov 14, 2018

The Jawaharlal Nehru Port Trust (JNPT) is planning to host an edible oil refinery to maximise revenue and ensure captive cargo. It already has a liquid cargo terminal in addition to the four container terminals off Mumbai's east...

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RAK Ports Opens New Deepwater Berths at Saqr Port

Date : Nov 14, 2018

RAK Ports, the government body that oversees the seaports of Ras Al Khaimah, announced the opening the first of two new deepwater berths constructed at Saqr Port, during the SeaTrade Maritime Middle East 2018, held in...

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IEA: Solar PV Power Generation Capacity to Grow to 600 GW by 2023

Date : Nov 14, 2018

The world’s total solar photo voltaic (PV) power generation capacity is set to expand to almost 600 gigawatt (GW) through 2023 from the 2017 level of 391 Gw, making solar PV capacity to be more than all other renewable energy...

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Fugro Provides Inspection Services for Qatargas’ LNG Operations

Date : Nov 14, 2018

Fugro is providing Qatargas Operating Company Limited (Qatargas) with underwater inspection, geotechnical and geophysical services for its offshore operations in Qatar under a new 5-year call off...

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Milestone! 10% of India’s Total Electricity Output Now Comes from Renewable Power

Date : Nov 14, 2018

Despite a slowing of the pace at which solar power projects are being built owing to tariffs plunging to levels unviable for the developers, the country has crossed a milestone on the renewable energy front. Renewable-power units...

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Indian Company Wins Auction to Build Albania’s First Solar Project of 100 MW

Date : Nov 15, 2018

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 Firm

Date : Nov 15, 2018

Abu 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 Station

Date : Nov 15, 2018

Adnoc 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 Onshore

Date : Nov 14, 2018

Penspen, 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 Completion

Date : Nov 14, 2018

Kuwait 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 Capacity

Date : Nov 14, 2018

Dubai 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 Developers

Date : Nov 13, 2018

Solar 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 Equipment

Date : Nov 12, 2018

Weir 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 Pipeline

Date : Nov 09, 2018

The 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 Petroleum

Date : Nov 09, 2018

Adnoc 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...

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