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  1. TAQA delays $12B coal power development investment in Turkey

    State-owned energy major Abu Dhabi National Energy Co (TAQA) confirmed Monday that it will delay its $12 billion development investment in Turkey for new coal-fired power projects, reports Reuters. According to the article, TAQA said plans to start construction of the new thermal plants will be delayed until at least 2014. "Due to other spending priorities, TAQA has decided to defer the investment decision in Afsin-Elbistan until 2014," an unnamed TAQA spokesman was quoted by Reuters. However, some analysts are saying the move is truly a pressure tactic being deployed in response to the Turkish government’s position towards the latest developments in Egypt. The UAE, along with other Gulf Cooperation Council (GCC) states, has maintained support of the Egyptian army, while Turkey has condemned the removal of Egypt’s elected president Morsi as a coup. “This is a drive by the UAE and the GCC states to exercise pressure on the Turkish government to do a U-turn on their position towards the Egyptian cause,” Gulf News quoted Amer Nouman Ashour, chief analyst and economist at CNBC Arabia. “ The step by the UAE is a consequence of the Turkish government’s stance towards Egypt.” Development of Turkey's domestic lignite coal resources is a priority because it will enable the nation to reduce its dependence on imported natural gas. Approximately 40 percent of Turkey's lignite is located in the Afsin-Elbistan basin. In January, TAQA and Turkey signed an intergovernmental agreement for the development of ignite coal-fired power plants and associated mines in the Afsin-Elbistan region of Turkey.  According to TAQA, the agreement marked the beginning of exclusive negotiations between TAQA, Turkey’s Electricity Generation Co, and the Turkish government for new power generation developments with a capacity of up to 7,000 MW.  

    Online Articles

    Online Articles

    Mon, 26 Aug 2013

  2. Nepali company seeks to develop hydroelectric generation facilities greater than 25 MW

    On Dec. 17, Hydroelectricity Development & Investment Co. Ltd. (HIDCL) announced it is seeking to lead development of hydroelectric projects in Nepal that have a generating capacity greater than 25 MW. HIDCL is based in Babarmahal, Kathmandu, Nepal. 

    Online Articles

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    Fri, 19 Dec 2014

  3. Caribbean pioneer airport solar power project to be officially inaugurated

    The solar power plant was recently completed at the V.C. Bird International Airport of Antigua and represents a pioneer project for the whole of the Caribbean.

    Online Articles

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    Fri, 19 Feb 2016

  4. Eni plans $1.5 billion oil development investment in the Republic of Congo

    Eni announced it will invest $1.5 billion to develop oil resources in the Republic of Congo.

    Online Articles

    Online Articles

    Thu, 26 Jun 2014

  1. Study aims to increase African hydroelectric development investment

    Online Articles

    Online Articles

    Thu, 31 May 2012

  2. Petrobras plans massive offshore drilling, development investment in Sergipe

    During 2010, Petrobras has planned an investment of $617 million in the waters offshore Sergipe, including an aggressive drilling campaign of eight deepwater wells.

    Online Articles

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    Wed, 17 Mar 2010

  3. Transmission and Distribution: CommScope completes acquisition of TE Connectivity

    CommScope completes transformational acquisition of TE Connectivity’s telecom, enterprise and wireless businesses. Combination strengthens CommScope’s position as a leading communications infrastructure provider with greater resources to meet growing demand for network bandwidth. 

    Online Articles

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    Mon, 31 Aug 2015

  4. Growing wind power services market offers Growth Avenue for PE firms

    Growing wind services market is stimulating growth of independent service providers (ISPs), thus making the market attractive for private equity players

    Online Articles

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    Wed, 1 Apr 2015

  5. ACWA, Mitsui, and DIDIC win 445 MW Oman gas power project

    The Salalah 2 IPP will have a high efficiency gas fired power generation plant that can deliver 445 MW of power, and will be located in Raysut, Oman. 

    Online Articles

    Online Articles

    Tue, 24 Mar 2015

  6. Ohio, W.Va., Pennsylvania combine efforts on gas development

    Ohio, West Virginia and Pennsylvania have agreed to cooperate — rather than compete — in attracting shale-gas development and jobs to their region over the next three years.

    Online Articles

    Online Articles

    Tue, 13 Oct 2015

  7. Statoil lets contract for Johan Sverdrup platform jackets

    Statoil ASA has let a contract to Kvaerner ASA’s Verdal yard for two steel drilling platform jackets in Johan Sverdrup field offshore Norway, 155 km west of Stavanger. The first jacket, weighing 22,500 tonnes, will be delivered and installed in spring 2018.

    Online Articles

    Online Articles

    Thu, 10 Sep 2015

  8. MIT Energy Initiative releases report on the future of solar power

    Realizing solar power's enormous potential requires emphasis on developing lower-cost technologies and more effective deployment policy, says new MITEI study

    Online Articles

    Online Articles

    Tue, 5 May 2015

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