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Renascent Power Ventures Acquires Stakes in Prayagraj Power Generation

Date : Nov 20, 2018

Renascent Power Ventures has signed an agreement with Prayagraj Power Generation for acquiring 75.01 percent stakes in the company. Renascent Power Ventures is a wholly owned subsidiary of Resurgent Power Ventures.

 

Resurgent Power Ventures are supported by Tata Power and ICICI Bank. Prayagraj Power, a unit of Jaiprakash Associates, operates the stressed 1,980 MW Bara power plant.

 

The plant has a fuel connection and power agreement that is linked to 90 percent of its capacity, the utilisation rate of the plant has been low due to lack of carbon availability due to lack of working capital...

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Chemanol Resumes Plant Production

Date : Jan 08, 2016

Production resumes this week at plants operated by Saudi Arabia's Methanol Chemicals Co (Chemanol) following routine maintenance, the company said on Wednesday.

 

Operations at its methanol plant and...

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Oman Sets Up OMR100mn Mining Firm

Date : Jan 08, 2016

In a major initiative to develop the Sultanate’s mining sector, four state-owned investment arms of Oman have come together to promote a OMR100-million mining development company called Mining Development Oman...

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SEC Signs $1.4 bn Loan with 7 International Banks

Date : Jan 08, 2016

Saudi Electricity Co (SEC), the Gulf's largest utility firm, said on Wednesday it had signed an agreement for a $1.4 billion loan with seven international banks to be used as a back-up credit facility. The...

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Rooftop Solar Projects to Get $1,500 mn Foreign Aid

Date : Jan 08, 2016

The World Bank, Asian Development Bank and the New Development Bank formed by the BRICS nations are providing loans to boost India's rooftop solar programme.

 

"We are getting $500 million (Rs 3,345...

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Odd-Even Plan Boosts Demand for CNG Kits in Delhi

Date : Jan 08, 2016

The Delhi government's experimental odd-even vehicle rationing rule has had an unexpected spin-off, sharply boosting demand for CNG kits in the aftermarket.

 

Manufacturers and distributors of CNG kits in...

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BHEL Commissions 2 Substations in Afghanistan

Date : Jan 08, 2016

State-owned power equipment maker BHEL has commissioned two substations in Afghanistan, expanding its footprint in the strife-torn nation.

“Bharat Heavy Electricals Limited (BHEL) has commissioned two 220/20kV...

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HH Signs Drilling Rig Sales Agreement with Kuwait Firm

Date : Jan 07, 2016

Leading global land drilling rig manufacturer Honghua Group (HH) has entered into a ultra-deep drilling rig sales agreement with Kuwait Drilling Company (KDC) with a total value of $25...

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Saudi Govt Energy Reforms to cost Sipchem $32m

Date : Jan 07, 2016

Saudi International Petrochemical Company (Sipchem) said on Tuesday that changes to energy and gas feedstock prices announced by the government last week would impact its financials by around SR120 million ($32...

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Indian Refiners Need to Invest $ 4.5 Bn to Produce Euro VI Fuel by 2020

Date : Jan 07, 2016

Indian refiners need to invest $ 4.5 billion to produce Euro VI complaint fuel, transport Minister Nitin Gadkari said on Wednesday.

 

India has advanced the date for country-wide implementation of Euro VI...

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DNO ASA Banks $30 million for Tawke Exports

Date : Jan 07, 2016

DNO ASA, the Norwegian oil and gas operator, today confirmed receipt of USD 30 million as partial payment towards oil exported from the Tawke field by the Kurdistan Regional Government.

 

The payment, to be...

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RIL Plans to Boost the Capacity of the World’s Largest Petroleum Refinery by 50%

Date : Nov 20, 2018

Mukesh Ambani’s Reliance Industries Ltd - India’s most valuable company by market cap, is said to be mulling a plan to increase the capacity of his Jamnagar petroleum refinery by around 50%, anonymous sources told Bloomberg. The proposed expansion to the facility, which is the world’s largest refining complex, is expected to cost around $10 billion and will boost the facility’s annual refining capacity to 30 million tons of crude oil. It will involve the addition of a new refining train and is part of a plan to increase Reliance’s supply of raw crude for industrial processes as well as diesel for commercial vehicles.   Th...

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Work on IOC’s Kochi LPG Terminal to Begin in January

Date : Nov 20, 2018

With the final clearance from the National Green Tribunal in hand, Indian Oil Corporation is all set to re-start construction activities at its ₹2,200-crore LPG import terminal-cum-pipeline project at Puthuvypeen near Kochi....

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Fluor JV Achieves Milestone in KNPC’s Clean Fuels Project

Date : Nov 16, 2018

Fluor Corporation has announced that its joint venture team, FDH JV, has successfully generated first steam into Kuwait National Petroleum Company’s (KNPC) Clean Fuels Project in Kuwait.

 

“This...

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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...

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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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