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Azure Power’s Revenue Increases by 40% to $35 Million in Q3 of FY2019

Date : Feb 15, 2019

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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Tellurian and Petronet Sign MOU for Equity Investment in Driftwood

Date : Feb 15, 2019

Tellurian Inc. announced today that it has signed a Memorandum of Understanding (MOU) with Petronet LNG Limited INDIA (PLL) wherein PLL is exploring the possibility of investment in the Driftwood project, which includes a proposed liquefied...

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Petrol, Diesel Become Costlier on Thursday

Date : Feb 15, 2019

After a gap of two consecutive days, state-controlled oil marketing companies hiked retail fuel prices on Thursday. After today's rate revision, petrol became dearer by 6 while the diesel price was raised by 5 paise per liter across...

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QP Signs 5-Year Sale Agreement for Naphtha Supply to Marubeni Corporation

Date : Feb 15, 2019

Qatar Petroleum, for and on behalf of Qatar Petroleum for the Sale of Petroleum Products Company (QPSPP), has concluded a 5-year sales agreement to supply Japan’s Marubeni Corporation an annual total of 200,000 metric...

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New Saudi PPP Law to Boost Renewable Energy Projects

Date : Feb 15, 2019

With new regulations such as the PPP (public-private partnership) law in Saudi Arabia, an increased number of PPP projects will get off the ground around the region, with a growing focus on renewables, transportation,...

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Basrah Gas Company to Increase Capacity by 40%

Date : Feb 14, 2019

Shell has reportedly announced that the Basrah Gas Company (BGC) has taken a “final investment decision (FID)” on its growth programme, which will increase BGC’s capacity by 40...

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Saudi's Salman Energy Park Signs Strategic Deals

Date : Feb 14, 2019

King Salman Energy Park (Spark) has signed strategic agreements with Saudi Customs and Saudi Industrial Development Fund, according to a report.

 

HRH Prince Mohammed bin Salman bin Abdulaziz, Crown Prince,...

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Sunpower Corp Seeking Partner for its Solar Panel Making Business

Date : Feb 14, 2019

SunPower Corporation is seeking a strategic partner for its solar panel manufacturing business, an arrangement that could allow it to expand the U.S. factory it acquired last year, Chief Executive Tom Werner said on...

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Mideast Refining, Petchem Experts to Gather for ME-TECH in Abu Dhabi

Date : Feb 14, 2019

High ranking officials and decision-makers from the refining and petrochemical sectors will take part in a major downstream event taking place in Abu Dhabi this month.

 

The prestigious Middle East Technology...

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NDA Pins Hopes on Flagship Ujjwala Scheme to Return to Power

Date : Feb 14, 2019

The National Democratic Alliance (NDA) government is banking on its marque schemes such as the Pradhan Mantri Ujjwala Yojana (PMUY), which provides free cooking gas connections to poor families, to put it on a home run in the general...

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DEWA to Seek Partners to Build Solar-Powered Desalination Plant

Date : Feb 15, 2019

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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Saudi Mining Sign a Petroleum Coke Complex Deal with Petrobras

Date : Not Given

Saudi Arabia's Modern Mining Holding Company .MMHC., part of the Modern Industrial Investment Holding Group, has signed a final 1.7 billion Saudi riyals .$453.4 million. deal with Brazil's oil and gas giant Petrobras to construct a calcined petroleum...

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Sabic's Ibn Rushd Expansion Project to Complete In Two Years

Date : Not Given

Saudi Basic Industries Corp.'s unit Arabian Industrial Fibres Co. will complete its plan to expand the capacity of its complex at Yanbu on the Red Sea coast in about two years, Sabic's Chief Executive Mohamed al-Mady said on July 17. 'The project is...

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Kuwait investing $5.28bn in water sector 2005-2014  Markaz report?

Date : Not Given

26 Aug 2013: In a new report Kuwait Financial Centre  Markaz examines and analyses the current status of the Kuwait water...

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ZADCO Extends Bids Deadline for Satah Field Development

Date : Not Given

Abu Dhabi s Zakum Development Company has pushed back the deadline by a month again to October 28th 2010 for firms to bid on...

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India: EPC Tender for Vizhinjam Port to be Issued Next Month

Date : Not Given

A tender process to select the Engineering Procurement Contract .EPC. bidder for the proposed Vizhinjam international seaport and deep-sea container transhipment terminal would begin next month. Announcing this in the State Assembly, the Kerala Ports...

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Egypt Maridive Bags $117Mn Contract with ONGC

Date : Not Given

Egypt's Maridive and Oil Services said that it won $117 million contract to install offshore oil services for Indian state-run explorer Oil and Natural Gas Corp .ONGC.. The biggest oil services firm in the Middle East by fleet size said that it would...

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Development of Rumaila field is likely to be finalized in August.

Date : Not Given

A meeting is going to be held in August between Iraqi officials and a consortium led by BP, and they are likely to finalize a...

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Powergrid Plans Stop Gap Evacuation Facility for Tatas Mundra Project?

Date : Not Given

Power Grid Corporation of India Ltd .PGCIL. plans to set up a stop gap evacuation facility for the first 800 MW unit of Tata Power's Ultra Mega Power Project .UMPP. in Mundra. PGCIL is awaiting final forest clearance as well as right of way to set up the...

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ADGAS awards contract to Kentz.

Date : Not Given

Abu Dhabi Gas Liquefaction Company Limited .ADGAS. has awarded a contract of more than US$30 million to Kentz Corporation...

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Abu Dhabi Zadco to boost Oil Field

Date : Not Given

Exxon Mobil Corp. expects to save billions of dollars at its massive Upper Zakum oil field development in Abu Dhabi from building artificial islands instead of steel platforms for drilling. Exxon, which alongside Abu Dhabi National Oil Co. and Japan's...

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