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Azure Power has announced its consolidated results for the third quarter ending December 31, 2018.
The total revenue in the third quarter of FY19 stood at ₹2.430.8 million ($34.9 million) which was up 40 percent, an increase of ₹690.9 million ($9.9 million) from the same period in 2017. The increase in the generated revenue was primarily driven by the projects commissioned since last year, according to the company. New solar projects drove Azure Power’s Revenue Up by 22% to $30.7 Million in Q2 2019.
Its adjusted EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization... |
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Dubai will seek partners this year to build its first solar-powered desalination plant as the emirate tries to diversify away from burning fossil fuels to increase its water supply, the head of the Dubai Electricity and Water Authority said. The plant, using reverse osmosis technology, will have capacity to produce 120 million gallons a day of drinkable water by 2024, Chief Executive Officer Saeed Mohammed Al Tayer said in Dubai. DEWA is also developing a reservoir to hold as much as 6 billion gallons of water reserves, and the utility currently stores about 700 million gallons, Al Tayer said at the World Government Summit in Dubai. Dub... |
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Oman Shipping Firm Awards Two VLCCs Deal to DaewooDate : Feb 08, 2019Oman Shipping Company (OSC) has ordered two VLCCs from Daewoo in South Korea at a reported cost of US$91mn each.
The 300,000-dwt tankers are scheduled to be delivered in 2021 and, assuming no sales in the... |
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Chinese Group Launches $1bn Industrial Project in SaudiDate : Feb 08, 2019Chinese Company Pan Asia has broken ground for a major primary and downstream industries project in Saudi city of Jazan at an investment of SR4 billion ($1.06 billion) in collaboration with key government entities, said a... |
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Siemens Begins Work on First Solar-Driven Hydrogen Electrolysis ProjectDate : Feb 07, 2019Work has begun on the first solar-driven hydrogen electrolysis facility in the Middle East and North Africa (Mena) region - a project that will be implemented in collaboration by Dubai Electricity and Water Authority (Dewa), Expo 2020... |
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Dubai's M-Station Power Project Expansion Nears CompletionDate : Feb 06, 2019Dubai Electricity and Water Authority (Dewa) has completed 98 per cent of the M-Station expansion project, the largest power generation and water desalination plant in the UAE, in co-ordination with German technology major... |
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Trafigura JV to Build $2.8bn Metal Smelting Complex in Saudi ArabiaDate : Feb 06, 2019Global commodities trader Trafigura said it has reached an agreement to build a giant copper, zinc and lead smelting complex in Saudi Arabia at an investment of $2.8 billion.
The mega project, SmeltCo, which... |
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Saudi Arabia Launches Second Phase of Renewables Energy PlanDate : Feb 05, 2019Saudi Arabia has launched the second phase of its Renewable Energy Program, which will comprise seven solar projects worth $1.5 billion.
The combined generation capacity will be 1.51 gigawatts (GW), enough... |
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Acwa Resumes Barka Power Plant to Full CapacityDate : Feb 04, 2019Acwa Power Barka has announced that its power plant facility in Barka has returned to full capacity after a gas turbine, which was the subject of a series of technical faults over the past two months, has been successfully repaired... |
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New Contract for Drilling 40 Wells at MajnoonDate : Feb 01, 2019Iraq’s Basra Oil Company (BOC) has agreed to a deal with the state-owned Iraqi Drilling Company (IDC) to drill 40 new oil wells in the giant Majnoon oilfield.
In a statement on Thursday, the Ministry of Oil said the... |
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Hatta Development Plan Progresses as per ScheduleDate : Feb 01, 2019Dubai government said all the development projects were progressing as per schedule in the Hatta region.
A 10-year Hatta Development plan is already starting to take shape, with Airstream-style trailer... |
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Boskalis’ Oman Oil Dock Project UnderwayDate : Jan 31, 2019Boskalis Westminster (Oman) said work is underway to complete the construction of the oil dock project in the port of Duqm, with the stage of drilling on land already completed and work underway in the drilling and deepening in the... |
Abu Dhabi National Oil Company (ADNOC) has awarded AED 5 billion ($1.36 billion) dredging, land r
Abu Dhabi’s Department of Energy (DoE) has appointed the preferred bidder for the proposed
The Central Electronics Limited (CEL) has invited bids for the implementation of 11 MW of grid-co
Saudi Aramco and its partner Total have awarded a contract for the construction of a new 80,000-t
Al-Yasat Petroleum Operations Company of Abu Dhabi has selected three groups for a design and bui
The Solar Energy Corporation of India Ltd. (SECI) has issued a tender for setting up of 50 MW sol
