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Masdar Signs Green Revolving Credit Facility

Date : Oct 19, 2018

Masdar, Abu Dhabi Future Energy Company, has signed a green Revolving Credit Facility (RCF) with four local and international banks to provide funding for new and ongoing investments in its global clean technology and sustainable real estate projects.

 

The facility, which is the first green RCF in the Middle East, has been arranged with the UAE’s First Abu Dhabi Bank, FAB, Societe Generale Corporate & Investment Banking, Japanese multinational banking and financial services company Sumitomo Mitsui Banking Corporation, and pan-European global banking and financial services group UniCredit - ...

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GAIL India Seeks Bids to Sell 0.37 Million Tons US LNG: Sources

Date : Jul 17, 2015

GAIL Limited is the largest state-owned natural gas processing and distribution company in India, has invited bids to sell 0.37 million tons of liquefied natural gas annually for 20 years, two sources said on...

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Odisha’s Mesco to Invest in Maithan Ispat Expansion

Date : Jul 17, 2015

Odisha based steel maker Mesco Steel will pump in Rs 1,000 crore for revamp and expansion of Maithan Ispat. Mesco acquired the steel company in March 2015.

 

The projex plans will be executed in two phases. In...

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Karnataka Govt Scraps 112 Mini Hydro Projects

Date : Jul 16, 2015

The Karnataka energy minister informed the state council that of the 495 mini hydro projects allocated to the private developers, the state has cancelled 112 projects due to environmental issues.

 

The minister further stated...

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APSEZ in Talks to Acquire Gangavaram Port for $2.1 Billion

Date : Jul 16, 2015

Adani Ports & Special Economic Zone (APSEZ ) has entered into exclusive talks to acquire Gangavaram Port near Vishakhapatnam in Andhra Pradesh for $2.1 billion, a deal which could make the company a dominant player on the...

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BPCL to Invest $4bn in Oman-India JV

Date : Jul 16, 2015

India’s Bharat Petroleum Corporation Limited (BPCL), a major state-owned refiner, plans to invest around $4 billion to expand a refinery joint venture in India that is partly owned by Oman, a report said.

Oman Oil...

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Qatargas Issues 2014 Sustainability Report

Date : Jul 16, 2015

Qatargas has issued its 2014 Sustainability Report, covering the company’s economic, environmental and social performance. The report, which is the fifth Sustainability Report of Qatargas, includes historical performance data, coverage...

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Project Iraq - 9th Erbil International Fair, from 5 to 8 October 2015

Date : Jul 15, 2015

Organized by International Fairs & Promotions (IFP) Iraq, Project Iraq - Erbil 2015, the 9th International Trade Exhibition for Construction Materials and Equipment and Environmental Technology, will be taking place at the Erbil...

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Arab Smart City Projects to Use Cloud-based Solutions

Date : Jul 15, 2015

DUBAI, 15 hours, 18 minutes ago

Leading IT solution providers are experimenting with cloud-based computing solutions to help governments deliver smart city projects in the Arab world and across the...

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SEC Seeks Multi-Billion-Dollar Loan

Date : Jul 15, 2015

Saudi Electricity Company (SEC), the Gulf's largest utility firm, is in talks with local and international banks to raise a multi-billion-dollar loan, according to two sources aware of the matter.

 

The...

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IGL Raises Stake in MNGL to 50%

Date : Jul 14, 2015

Indraprastha Gas Ltd (IGL) has acquired 2.5 million more shares of Maharashtra Natural Gas Ltd (MNGL) to become a 50 per cent shareholder in the company.

 

Earlier this year, IGL acquired 47.5 million shares in MNGL in the...

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India and Nepal Pipeline Project Construction 75% Complete

Date : Oct 19, 2018

About seventy-five per cent of the petroleum pipeline jointly being constructed by India and Nepal has been completed, the Nepal Oil Corporation (NOC) stated. Speaking to source, Sushil Bhattarai, the acting managing director of the NOC confirmed that 75 per cent progress in the first transnational pipeline connecting India and Nepal has been achieved. "In the Nepali side, I think 70 to 75 per cent of the laying of the pipeline has been completed as of today. When you consider the distance from the Motihari (Bihar) to Amlekhganj (Nepal), we can take it as 50 per cent," Bhattarai said.   The first petroleum pipeline extending from India's...

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Wison Engineering Wins Sabic Technology Centre Expansion Contract

Date : Oct 19, 2018

Chinese group Wison Engineering Services Company said one of its subsidiaries has secured a $150-million engineering, procurement and construction (EPC) contract from Sabic for a utilities park and pilot plants project in...

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Licensing Rounds for Iran’s Resalat and Forouzan Oilfields Underway

Date : Oct 19, 2018

Head of the contracts affairs at the Iranian Offshore Oil Company (IOOC) said proposals for bidding in projects aimed at enhancing the production capacity of Resalat and Forouzan offshore oilfields were being considered by the...

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Saudi Aramco, Total to Carry out FEED of $5bn Jubail Petchem Complex

Date : Oct 19, 2018

Saudi Aramco, a leading global energy company, and French oil and gas major Total have signed a joint development agreement for the front-end engineering and design (FEED) of a giant petrochemical complex in...

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Dewa Awards $25mn Contracts for Distribution Transformers

Date : Oct 16, 2018

Dubai Electricity and Water Authority (Dewa) has awarded contracts to design, manufacture, test and supply 111/0.4 kV, 1,500 kVA and 1,000 kVA cast resin distribution transformers with low-voltage (LV) smart meters to international transformer...

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L&T Wins $253mn Kuwait Power Infrastructure Contracts

Date : Oct 16, 2018

India's top engineering and construction firm Larsen & Toubro (L&T) said one of its units has been awarded Rs18.8 billion ($253 million) order for power infrastructure in connection with major housing projects in...

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Jaiprakash Associates, RKM, 5 Others Bag 1,900 MW Power Supply Deals

Date : Oct 15, 2018

Seven companies including RKM PowerGen, Jaiprakash Associates and MB Power have secured contracts to supply 1,900 MW of power to five states.

 

Power Finance Corp Consulting Ltd, a wholly-owned subsidiary of...

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Bapco Commissions New Abqaiq-Bahrain Pipeline

Date : Oct 12, 2018

Bahrain’s national oil company Bapco has commissioned a new 350,000-barrels-per-day (bpd) pipeline (AB pipeline) between Saudi Arabia and Bahrain.

 

The 115-km, 24-to 30-inch-diameter pipeline, which...

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JSW Energy to Revive 240 MW Hydro Power Project in Himachal Pradesh

Date : Oct 11, 2018

JSW Energy intends to revive its 240 MW hydro power project located in Chamba district of Himachal Pradesh at a cost of Rs 2,500 crore. The project which was conceived in 2007 was put on hold as the company could not have a long-term...

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BPCL to Commission 2G Ethanol Plant in Odisha by Dec 2020

Date : Oct 10, 2018

Bharat Petroleum Corporation Ltd (BPCL) plans to commission its second generation (2G) ethanol bio-refinery at Odisha's Bargarh district by December 2020.

 

The project will see an investment of Rs 10...

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