Energy industries
The Power Grid Corporation of India Ltd., (POWERGRID), has invited sealed bids from eligible bidders for the design, engineering, manufacturing, testing, supply, and delivery of goods for the Power Grid Transmission (Sector) Project in India. The project is financed by the Asian Development Bank (ADB) and aims to strengthen the
Energy industries
The Government of India, through the Indian Renewable Energy Development Agency Limited (IREDA), has received a loan from the International Bank of Reconstruction and Development (IBRD) and a credit from the International Development Association (IDA) for the Second Renewable Energy Project. The project aims to promote the development of renewable
Energy industries
South Cotabato Governor Daisy Avance-Fuentes has questioned the coal explorations in Lake Sebu town, citing that the Department of Energy (DOE) did not consult local officials and residents before starting the project. The governor expressed concerns that the DOE is not sensitive to the sentiments of the local government units
Energy industries
State-owned coal mining company PT Bukit Asam is seeking to raise $150 million for its financing share in a project that includes three coal-fired power plants and a 320-kilometers railway track. The company will provide $240 million for the two projects, with $200 million allocated for the power plants and
Energy industries
Reliance Industries, the Fortune-500 conglomerate, is set to benefit from a possible upgrade by Moody's Investors Service, a global credit agency. The upgrade, triggered by the company's demerger of finance, telecom, and power businesses, could enable Reliance to raise funds at a lower cost, thereby reducing
Petroleum industry
China will invest a significant amount of $7.5 billion in seven major projects in Indonesia, as part of an economic agreement signed during President Susilo Bambang Yudhoyono's visit to Beijing last week. The investment is a result of a joint effort between China's Exim Bank,
Petroleum industry
Kyrgyzstan's industrial sector experienced significant declines in output in the first half of 2005, according to the National Statistics Committee. The country's mining industry suffered the most, with a 32.7% drop in production to 384.9 million som. Coal production fell 13.7%, oil production
Petroleum industry
The Shaw Group Inc. has signed a letter of intent with Eastern Petrochemical Co. (SHARQ) for the engineering, procurement, construction, and commissioning of a 1.3 million metric tons-per-year ethylene plant in Al-Jubail, Saudi Arabia. Shaw's Shaw Stone & Webster unit will utilize its proprietary ethylene technology and
Petroleum industry
Hexagon Holdings Berhad, a Malaysian company, has established a new joint venture company in India to undertake the business of corporate retail signages and convenience store systems, particularly for petrol stations. The venture, Hexagon-MIDCO India Private Limited (HMI), is headquartered in Mumbai and has a plant facility in Ahmedabad. HMI
Petroleum industry
Reliance Industries Ltd, India's largest private sector company, is set to increase the number of its auditors to match its rapid growth in size and operations. The company has proposed to appoint Deloitte Haskins and Sells alongside retiring auditors Chaturvedi & Shah as auditors for the upcoming annual
Petroleum industry
Major South Korean conglomerates are concerned about the potential impact of rising oil prices on their profitability, with 60% of the nation's 500 largest companies fearing a decline in their bottom lines if oil prices remain above $50 per barrel for the second half of the year. The
Petroleum industry
Bursa Malaysia, the former Kuala Lumpur Stock Exchange, has initiated clearing over-the-counter (OTC) ethylene contracts, utilizing the ICIS-LOR Ethylene Index (EIX) as the benchmark settlement price. This move aims to provide a fair and accurate assessment of the physical and paper markets, addressing the need for Asian producers, traders, and
