GIP closes and rebrands former Wpd offshore businessAppointment of a new management teamannounces the opening of the Hamburg office center Hamburg, Germany, September 17, 2022 /PRNewswire/ — Global Infrastructure Partners (“GIP”), a leading independent global infrastructure investor, today announced the launch of Skyborn Renewables, a leading player in the internationalRead More →
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SINGAPORE, Aug 12 (Reuters) – Malaysian power utility Tenaga Nasional Bhd (TENA.KL) plans to begin the process next year for a potential $1 billion listing of its power generation business. electricity, sources familiar with the matter told Reuters. In what would be the country’s largest initial public offering (IPO) inRead More →
Adds details, paragraphs 3,5,6 SINGAPORE, August 12 (Reuters) – Malaysian Electricity Company Tenaga Nasional Bhd TENA.KL plans to start the process next year for a potential $1 billion listing of its power generation business, sources familiar with the matter told Reuters. In what would be the country’s largest initial publicRead More →
Transnational Corporation of Nigeria Plc, in its recently published half-year (H1) financial statements on the Nigeria Exchange Group (NGX), announced its highest profit in nine years, with the company’s energy operations segment contributing to 84.59% of total profit in the period, according to BusinessDay findings. Its profit after tax increasedRead More →
Whether it’s navigating the uncertainty of a COVID-weary production schedule, assessing whether to be an early adopter of NFTs, or relocating to a more friendly state tax, those who work in Hollywood are not without complex financial problems. This is where the best business leaders in the entertainment industry comeRead More →
THE retirement of KYM Holdings Bhd founder Datuk Lim Kheng Yew, along with the departure of a few other board members on July 5, is set to usher in a new phase for the group, whose core business is manufacturing and sale of industrial packaging. some products. Deputy CEO andRead More →
Profiles The strong-willed Kenyatta University VC who challenged power Monday 01 August 2022 For some, Professor Paul Wainaina, Vice-Chancellor of Kenyatta University, is an uncompromising defender of the public university’s right to its property. For others, he is an administration gadfly that is obstructing government efforts to reallocate public landRead More →
Columnists Taming the Abuse of Power Tuesday, July 26, 2022 Readers of this column will have seen my previous articles in which I wrote about the leadership circles I facilitated with my colleague Frank Kretzschmar. The last was about sustainability, and the theme of our most recent was “How weRead More →
Part of company’s plan to separate medical, aerospace and energy businesses GE said its existing energy business portfolio will be called GE Vernova once it is spun off in 2024. Energy businesses include GE Power as well as the company’s renewable energy, digital and energy financial services segments. In earlyRead More →
Part of company’s plan to separate medical, aerospace and energy businesses GE said its existing energy business portfolio will be called GE Vernova once it is spun off in 2024. Energy businesses include GE Power as well as the company’s renewable energy, digital and energy financial services segments. In earlyRead More →
Singapore, July 14, 2022 – (ACN Newswire) – Infocus International Group has relaunched the top rated online workshop – Dispatchable & Flexible Solar Power and it will start live on October 26, 2022. A business-focused training course designed to provide business developers with an accessible and concise, yet comprehensive understandingRead More →
Counties 1.3 million people will benefit from solar energy financed by the World Bank Wednesday, June 29, 2022 About 1.3 million people in 14 counties will be connected to solar power as part of a 390 million shillings World Bank facility that aims to light up areas not connected toRead More →
Staff Safety Global IFSEC Matthieu Le Taillandier, Managing Director France, UK, Ireland and Benelux for STANLEY Security, explains why people will be just as important as technology in shaping the future of the physical security industry. Matthieu Le Taillandier, Managing Director France, United Kingdom, Ireland and Benelux for STANLEY SecurityRead More →
Cooking gas bottle By AYOOLA OLAOLUWA Nigerian manufacturers have started investing in alternative energy to address the challenge of the country’s poor power supply, findings from Business Hallmark have revealed. It should be recalled that the energy situation in the country deteriorated towards the end of 2021 when crude oilRead More →
On March 28, telecommunications company Huawei Technologies released its annual report for the year 2021. According to the annual report, Huawei’s revenue in 2021 recorded 636.9 billion yuan. Although revenue was down from a year ago, “business performance is in line with expectations,” rotating chairman Guo Ping said. DespiteRead More →
28and In March 2022, telecommunications company Huawei Technologies released its annual report for the year 2021. According to the annual report, Huawei’s revenue in 2021 recorded 636.9 billion yuan. Although revenue declined from a year ago, “the company’s performance is in line with expectations,” rotating chairman Guo Ping said. DespiteRead More →
Profiles Introverts and power Friday, March 25, 2022 Sheila Kimani, CEO of StanChart Venture Solv Kenya. PICTURES | BOWL Many successful banking career stories seem to start with someone talking about starting at the very bottom of the banking chain; as a clerk or graduate trainee. Sheila Kimani’s is noRead More →
Cebu-based investment holding company Vivant Corporation reported a 25% increase in core net income to 1.73 billion pesos last year, from 1.38 billion pesos earned in 2020. In a statement, the company said it ended 2021 with total consolidated attributable net profit of 1.78 billion pesos, up 23% year-on-year fromRead More →
Westersoe/E+ via Getty Images A strong tailwind fills all sails, to slightly modify an old adage. This should certainly be the case for wind energy companies in China, which stand to be the big beneficiaries of Beijing’s push towards renewables as it seeks to peak carbon emissions by 2030. andRead More →
Text size A General Electric wind turbine Sebastien Bozon/AFP via Getty Images Thursday, General Electric Management immersed investors in its beleaguered energy business at an analyst event just outside Greenville, South Carolina. The energy and renewables sector could be key to the performance of GE shares in the years toRead More →
TOKYO-Hokutaku Co., Ltd. (President: Yukari Yoshida; Headquarters: Asahikawa-shi, Hokkaido) and Mitsui OSK Lines, Ltd. (MOL; President and CEO: Takeshi Hashimoto; Headquarters: Minato-ku, Tokyo) today announced that the companies have established the Hokutaku MOL Wind Energy Investment Limited Partnership (Hokutaku/MOL Wind Energy Fund) with the aim of investing in the offshoreRead More →
Global energy giant Shell is continuing its push into Australia’s power market with a deal to buy a major stake in wind farm developer WestWind. The acquisition, due to be announced on Tuesday, marks an acceleration of the London-based oil and gas giant’s efforts to expand its power generation andRead More →
First name * Last name * Job title * Professional email address * Company * Phone number * The country * – Select –AfghanistanAlbaniaAlgeriaAmerican SamoaAndorraAngolaAnguillaAntarcticAntigua and BarbudaArgentinaArmeniaArubaAustraliaAustriaAzerbaijanBahamianBahrainBangladeshBarbadosBelarusBelgiumBelizeBenignBermudaBhutanBoliviaBosnia and HerzegovinaBotswanaBouvet IslandBrazilBritish Indian Ocean TerritoryBrunei DarussalamBulgariaBurkina FasoBurundiCambodiaCameroonCanadaGreen capCayman IslandsCentral African RepublicChadChileChinachristmas islandCocos (Keeling) IslandsColombiaComoroscongoCongo, the Democratic Republic ofthe cook islandsCosta RicaIvory CoastCroatiaCubaCyprusCzechRead More →
KYIV: Russian missiles pounded Kiev, families huddled in shelters and authorities told people to prepare petrol bombs to defend their capital on Friday, as Russian President Vladimir Putin urged Ukraine’s military to take over and make peace. After weeks of warnings from Western leaders, Putin unleashed a three-pronged invasion ofRead More →
Drax tentatively secured an agreement to supply hydropower to the grid during the last capacity market cycle. The North Yorkshire energy giant will offer 621MW of power generation from its Cruachan Pumped Storage, Galloway’s hydropower system comprising Tongland, Kendoon and Glenlee – both in Scotland, and three small gas turbinesRead More →
M Group Services, a service provider to critical infrastructure markets, has completed the acquisition of the overhead power lines business of Babcock International Group. The acquired business operates in the niche, technically challenging overhead power transmission and distribution sector which is at the heart of the UK’s transition to Net-Zero.Read More →
AUSTIN, TX, January 27, 2022 /PRNewswire/ — Mayo Clinic, a leading nonprofit healthcare organization, has chosen Oracle Fusion Cloud Applications Suite and Oracle Fusion Analytics to power its business processes as it transforms the future of healthcare . With Oracle, Mayo Clinic will be able to support its trajectory toRead More →
AUSTIN, TX, January 27, 2022 /PRNewswire/ — Mayo Clinic, a leading nonprofit healthcare organization, has chosen Oracle Fusion Cloud Applications Suite and Oracle Fusion Analytics to power its business processes as it transforms the future of healthcare . With Oracle, Mayo Clinic will be able to support its trajectory toRead More →
AUSTIN, TX, January 27, 2022 /PRNewswire/ — Mayo Clinic, a leading nonprofit healthcare organization, has chosen Oracle Fusion Cloud Applications Suite and Oracle Fusion Analytics to power its business processes as it transforms the future of healthcare . With Oracle, Mayo Clinic will be able to support its 2030 trajectory,Read More →
AUSTIN, TX, January 27, 2022 /PRNewswire/ — Mayo Clinic, a leading nonprofit healthcare organization, has chosen Oracle Fusion Cloud Applications Suite and Oracle Fusion Analytics to power its business processes as it transforms the future of healthcare . With Oracle, Mayo Clinic will be able to support its trajectory toRead More →
nudge theory, as we know, is a concept that offers indirect suggestions as a means of influencing the behavior and decision-making of individuals or groups. As positive reinforcers, nudging contrasts with other means of achieving compliance, such as education, mandates, or legislation. Inspired by behavioral economics, nudge is more generallyRead More →
“There is no doubt that coal production will come out of the system sooner than previously thought, allowing for a faster decarbonisation path. However, we firmly believe that thermal generation shutdowns should not occur outside of a coordinated plan between governments, industry, regulators and the community, ”AGL said when AEMORead More →
Global law firm Ashurst advised Babcock International Group PLC on the sale of its UK electricity business, Babcock Networks Limited, to M Group Services, backed by PAI Partners, for gross cash consideration of £50 million. Babcock Networks is a leading provider of engineering services to the UK’s overhead power transmissionRead More →
Mon 27 Dec 2021 | BUSINESS SALE Babcock International Group has announced that it has sold its Power business to M Group Services for £50 million. The gross cash consideration reflects approximately a multiple of 7.1 times the division’s £7 million pre-tax profit for the year ending March 31, 2021,Read More →
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 →
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The sign of Mitsubishi Corp is pictured at its headquarters in Tokyo, Japan August 2, 2017. REUTERS/Kim Kyung-Hoon/File Photo Join now for FREE unlimited access to Reuters.com Register TOKYO, Dec 17 (Reuters) – Japan’s Mitsubishi Corp (8058.T) said on Friday that executive vice president and chief electrical business officer KatsuyaRead 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 →
Newmont Company NEM 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 future portfolio of projects through activeRead 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 →
HOULTON, Maine – Motorists traveling along U.S. Route 1 in Houlton have likely noticed a large collection of solar panels that have recently appeared. Run by Houlton resident Cameron Clark, solar panels are just the latest money-spinning venture for the young entrepreneur who started his first business while still inRead 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 →
Save to Reading List published by Will Owen, Associate Editor Global Mining Review, Thursday, November 25, 2021 10:30 a.m. Northern Star ResourcesRead More →
The UK government will invest £ 20million per year across the UK in tidal power electricity as part of its flagship renewable energy auction program, ushering in a whole new chapter for the tidal industry in Wales and creating jobs in the Welsh coastal areas. Yesterday’s announcement will unlock theRead More →
DENVER – (COMMERCIAL THREAD) – Newmont (NYSE: NEM, TSX: NGT) (Newmont or the Company) has agreed to sell its Kalgoorlie power business to Australian company Northern Star Resources Limited (ASX: NST) (Northern Star). Pursuant to the agreement, Newmont receives $ 95 million in cash, including the option payment of $Read More →
Editor’s Note: With such market volatility, stay up to date with the daily news! In minutes, discover our quick summary of today’s must-see news and expert opinions. Register here ! (Kitco News) – Newmont (NYSE: NEM, TSX: NGT) today announced that it has agreed to sell its Kalgoorlie power businessRead More →
General Electric Co. GE 0.17% aims to create a market-leading power company as the conglomerate splits into three. But it faces fierce competition from rivals who are also repositioning their businesses to take advantage of the global renewables boom. GE this week announced plans to create a new, stand-alone companyRead More →
ALBANY – Adam Kohler is Pacific Power’s new regional business manager in the Willamette Valley region. Based in Albany, Kohler will be responsible for Polk and Benton counties and parts of Linn County. It will serve Albany, Corvallis, Dallas, Independence and Millersburg as well as the surrounding communities. In thisRead More →
While Hollywood journalistAt Tuesday’s Power Business Managers event, leading industry negotiators discussed the state of talent negotiations in the era of the pandemic box office and day-to-date streaming releases. The virtual event coincided with the publication of THR 2021 Power Business Managers list. Ziffren Brittenham co-founder Ken Ziffren, WME COORead More →
Electra Consumer Products (TASE: ECP), controlled by the Salkind family, has announced its entry into solar. The company, which is mainly known for the production and sale of electric consumer goods, and which owns retail chains such as Shekem Electric and Mahsanei Hashmal, says it will enter the energy equipmentRead More →
Viasat inc. VSAT has been awarded a prime contract for Ka-band satellite in-flight (IFC) connectivity solutions for the business aviation market in Brazil. The enhanced IFC services will deliver enhanced internet capabilities with the best in-flight entertainment options to attract more customers and likely help the airline industry gradually recoverRead More →
Search for quotes, news, net asset values of mutual funds Travel Fares INE0CLI01024, RATEGAIN, 543417 Vodafone idea INE669E01016, IDEA, 532822 Indiabulls Hsg INE148I01020, IBULHSGFIN, 535789 TataTeleservice INE517B01013, TTML, 532371 IEX INE022Q01020, IEX, 540750 Search for quotes, news, net asset values of mutual funds Travel Fares INE0CLI01024, RATEGAIN, 543417 Vodafone ideaRead More →
Larsen & Toubro Ltd. is in talks to merge its thermal power business with the Indian unit of Singapore-based Sembcorp Industries Ltd., according to people familiar with the matter. The share swap deal will help India’s biggest engineering conglomerate reduce its debt, the people said, asking not to be identifiedRead More →
In October 2008, when Crane was COO, Chicago-based Exelon launched a hostile take-over bid for NRG Energy Inc. NRG was a merchant generation company, which means it sells electricity wholesale in deregulated markets rather than obtaining a regulated return like a traditional utility. The trading generation is more exposed toRead More →
A renewable energy company formed by a team of leading entrepreneurs in the energy sector is launched today, with a commitment of £ 24million from SSE. Renewco Power aims to accelerate the development of clean energy projects by focusing on the deployment of large scale solar and wind farms inRead More →
According to reports, General Electric (EG 1.72%) is about to sell its nuclear turbine business to the French French Electricity (EDF) (ECIFY -2.54%) for $1.2 billion. It looks like a relatively small transaction on the periphery of GE’s industrial empire, but its potential importance should not be underestimated. If aRead More →
ohu in recent years, General Electric (NYSE: GE) has sold assets at a rapid pace in an effort to simplify the business, pull out of less desirable lines of business and consolidate its struggling balance sheet. The GE Power unit has been a key target in this restructuring effort, afterRead More →
During the last years, General Electric (NYSE:GE) divested assets at a brisk pace in an effort to streamline the business, exit less desirable lines of business and shore up its struggling balance sheet. The GE Power unit has been a key target of this restructuring effort, after the segment’s revenuesRead More →
Credit: Kanye West Thursday night in Chicago, Kanye West peaked reported multi-million dollar winnings are heading to an album that hasn’t even been released yet. The remarkable feat is the first of its kind for artists of his ilk: launching a tour of listening to albums performing songs no oneRead More →
Jindal Steel and Power Ltd (JSPL) plans to reduce its debt and meet its carbon emissions targets by selling its entire stake in its thermal power generation unit to Worldone Pvt. Ltd, a promoter group company. JSPL Managing Director VR Sharma said the sale of his 96.42% stake in JindalRead More →
Company Expands Integrations with Microsoft 365 Suite, which Gains Millions of New Users Every Month, Enabling Enterprise Architecture Teams to Engage Larger Groups of Business Players Improved interoperability of iServer365 platform with Microsoft 365 collaboration suite powers enterprise-centric enterprise architecture in response to growing market demand July 7, 2021; London,Read More →
Hear from CIOs, CTOs, and other executives and senior executives on data and AI strategies at the Future of Work Summit on January 12, 2022. Learn more Incorta, an analytics platform designed to accelerate data ingestion, this week announcement it raised $ 120 million in financing from Prysm Capital, withRead More →
New Delhi, May 19 Billionaire Gautam Adani’s group on Wednesday announced the acquisition of the renewable energy business of SoftBank Group Corp in India for $ 3.5 billion (around Rs 25,500 crore), to become the largest solar company to the world. In a statement, Adani Green Energy Ltd, the renewableRead More →
By Ron Bousso, Chris Prentice LONDON/WASHINGTON (Reuters) – BP has asked to supply U.S. residential customers with electricity generated from wind, solar and natural gas, betting on rapid growth in demand for electricity as economies give up fossil fuels to fight climate change. FILE PHOTO: Details are seen on aRead More →
Could General Electric (NYSE: GE)to finally be on the verge of a turnaround? For the first time in a long time, it seems possible. Such a change would certainly be welcomed by shareholders. Expectations of current CEO Larry Culp were high when he was hired in late 2018, but heRead More →
This decision marks a dramatic turnaround for GE. Barely five years ago, the the company doubled the coal by acquiring the electricity business of Alstom, which manufactures coal turbines. The $ 9.5 billion deal – the biggest industrial purchase GE ever made – turned out to be a disaster. CoalRead More →