Devonport Dockyard operator Babcock International Group Plc has sold its electricity division to an infrastructure service provider for £ 50million as it continues to streamline operations. The defense and aerospace giant has sold its electrical business, a leading provider of engineering services to the UK overhead power transmission and distributionRead More →

Babcock International has completed the sale of its power generation business to M Group Services for £ 50 million. he London-based aerospace, defense and engineering firm sealed the divestiture as part of efforts to streamline operations. The power business provides engineering services to the power generation and distribution industry andRead More →

Rolls-Royce has secured £ 85million in funding from the Qatar Investment Authority (QIA), the state of Qatar’s sovereign wealth fund, for its new low-carbon nuclear power business. Rolls-Royce SMR is developing a new technology service to provide affordable, low-carbon nuclear power. According to the company, a single power plant willRead More →

Bajaj Electricals Board of Directors has authorized management to assess and recommend options to consider hosting the power transmission and distribution business as a stand-alone entity. In addition to manufacturing and selling home appliances, fans, and consumer lighting products, Bajaj Electricals also has a vertical Engineering and Construction Procurement (EPC)Read More →

HOULTON, Maine – Motorists driving US Route 1 through Houlton have likely noticed a large collection of recently appeared solar panels. Led by Houlton resident Cameron Clark, the solar panels are just the latest budget venture for the young entrepreneur who started his first business while still in high school.Read More →

Newmont Company (NEM quick quoteNEM – Free Report) has signed an agreement to sell Kalgoorlie’s power business to Australia-based gold producer Northern Star Resources Limited. The sale of this non-core asset will allow the company to generate long-term value on the Boddington and Tanami operations and work on its futureRead More →