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Waiting for the Second FLNG Wave

Despite a current pause in commitments to new projects, the capital expenditure for FLNG vessels is expected to amount to $35.5 billion over 2015-2021. There is huge interest in the technology, and future commitments hinge on the success of just a few projects. The delivery of Petronas’ PFLNG 1, also known as the PFLNG SATU, will be the world’s first FLNG vessel to start operations on its completion by the ...

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Navigant is latest to predict cost-competitive solar PV by 2020

cost-competitive solarcost-competitive solar The annual global market for solar photovoltaic (PV) installations will exceed $150 billion by 2024, as the technology shifts from a high-cost, subsidized source of electricity to one that is genuinely competitive with conventional fuels on a retail basis.cost-competitive solar That is the latest outlook from Navigant Consulting, whose new report Distributed Sola ...

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Cyient Acquires Pratt & Whitney Global Services Engineering Asia

Cyient Acquires Pratt & Whitney Krishna Bodanapu, Managing Director and CEO, Cyient Limited, said, "Cyient is very proud to further strengthen our long-term partnership with Pratt & Whitney today through this transaction, and is excited to welcome these highly skilled employees into the Cyient family. We are committed to growing our Aerospace aftermarket services in the region and expanding our reach into o ...

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Asian Stocks Outside Japan Rise as Utility Shares Climb

Asian stocks outside Japan snapped two days of losses as utilities gained the most in two weeks. Shares in Tokyo declined as brokerages retreated. Korea Electric Power Corp. (015760) climbed 4.8 percent in Seoul. Nomura Holdings Inc., Japan’s biggest securities company, fell 3.2 percent. Syrah Resources Ltd. soared 28 percent to a record in Sydney following a report Glencore Plc has made a takeover approach ...

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Johnson Controls expands manufacturing and research in China

$35 million expansion invests in China's growing building market MILWAUKEE, May 28, 2014 /PRNewswire/ -- Johnson Controls, a global multi-industrial company, officially opened a $35 million expansion of its manufacturing and research and development center in Wuxi, China. The expansion will meet the demand for energy efficient buildings by tripling the company's manufacturing capacity to serve the growing m ...

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TNB-Trilliant MoU on smart grid

Tenaga Nasional Bhd (TNB) has signed a Memorandum of Understanding (MoU) with US-based Trilliant on a smart grid technical exchange collaboration. Trilliant is a leading smart grid platform company and the MoU follows the recent US-Asia Pacific Comprehensive Energy Partnership’s High-Levels meeting. TNB president and chief executive officer Azman bin Mohd said he was delighted to have the technical exchange ...

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Exxon, PetroVietnam to Invest $20B

US oil and gas giant ExxonMobil Corporation  intends to team up with state-owned Vietnam Oil and Gas Group – PetroVietnam – to invest about $20 billion in a gas-fired power complex, according to the Ministry of Industry and Trade sources. The project will include construction of two power plants with a combined capacity of 6,000 to 6,500 megawatts. The plants would span across 200 hectares in total, but the ...

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GETCO awards 2 turnkey substation orders in Gujarat to Alstom T&D India

Alstom T & D India Ltd has been awarded two contracts from GETCO (Gujarat Energy Transmission Company Limited) to supply 400KV/220KV/66KV AIS substation on turnkey basis, located at Charanka and Sankhari, to evacuate power from Asia's largest and Gujarat's first dedicated solar park. The substations will also play a pivotal role in strengthening transmission network in the state of Gujarat by acting as ...

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