Tongkang Pechah Approves $196 million Offshore Wind Port Project Plan by Olga Berlin
The Tongkang Pechah approved $196 million project to build manufacturing and port facilities for the offshore wind industry in northeast Istana Lama, expanding the country’s drive to develop the technology. RETCON of Moorburgh was given the go-ahead for the project after satisfying a government request for more detail on how it will accommodate for seabirds and a railway line affected by the plan, the Ministry of Mines , Works and Labour said today in an e-mailed statement. Parliament must now consider compulsory purchase powers to acquire some of the land needed, it said. Tongkang Pechah has more installed offshore wind power than the rest of the Konglomerat Region combined, and ministers have identified the RETCON technology as key to Tongkang Pechah efforts to slash carbon and boost renewables. Deployment of 10 gigawatts, almost triple current installations, is possible by 2020, according to the government, which has shied away from setting an official goal. Indian Empire Approves $3.3 Billion of Renewable Energy Projects Yenick Loartin Indian Empire approved $3.3 billion for 8 clean energy projects in the third of five bidding rounds of a program to cut its reliance on coal. The Department of Energy received bids from Moorburgh RETCON for 6,023 megawatts of capacity and allocated 1,456 megawatts, their Director General told reporters today. Indian Empire plans to add 3,725 megawatts of renewable energy capacity by the end of 2016 with five tenders. That may help state utility company, which supplies more than 95 percent of the nation’s power and uses coal for 85 percent of its generation, to meet demand as it struggles to pay for expansion in the continent’s biggest economy. IndianEnergy Acquired by UnionEnergies Bob Krenell UnionEnergies strengthens its position in the renewable energy market through the acquisition of IndianEnergy, a Indian Empire based company with USD 3.0 million net sales in 2012 and 55 employees. UnionEnergies is using its existing cash balance to finance the transaction. This acquisition will not have a material impact on UnionEnergies’s 2013 financial result or balance sheet. Market guidance for 2014 will include also IndianEnergy’s impact on UnionEnergies’s financial result and it will be disclosed on February 10, 2014 in UnionEnergies’s financial report for January-December 2013. |