Who says art and wine are the only alternative investments? Solar power, too, is gaining recognition as an asset class   What’s common between an MF Husain painting and a solar panel? Nothing. However, solar power is slowly gaining recognition as an asset class, like art. It will take time for solar power to acquire the vibrancy of gold or real estate , but it looks like investors and wealth advisors a ...

RusHydro International AG, a subsidiary of JSC RusHydro , has won a contract from NEEPCO (India) to design the 3750MW capacity second phase of the Upper Siang hydropower project - one of the largest hydroelectric plants in Asia and the largest in India. RusHydro International India, a Russian-Indian joint-venture, will act as operator of the project. The surveying and design work on the project will take up ...

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 ...

The leaking valve on a pipeline that supplies gas for two thermal power plants in Ca Mau, Vietnam’s southernmost province, was repaired on Wednesday afternoon, enabling the facilities to go back into operation with gas supply resumed after a three-day hiatus. “Malaysia-based Talisman, which operates the PM3-Ca Mau pipeline, has successfully handled the valve problem, and gas supply was resumed at 4:30 pm We ...

BANGKOK, 20 March 2014 (NNT) – The Ministry of Energy has drawn up preventive measures to prevent future shortages of electrical power in light of the planned closure of Bongkot gas field and Thai-Malaysian Joint Development Area (JDA). According to the Energy Ministry, Bongkot gas field and Thai-Malaysian Joint Development Area (JDA) will be closed for maintenance between 10 April and 27 April, during whic ...

MUMBAI: Telecom infrastructure provider Microqual Techno and UK-based fuel-cell maker Intelligent Energy have teamed up to offer tower sites that will come with power generation units to help telecom operators run their network equipment without depending on costlier diesel, the companies said. Mumbai-based Microqual had overcome competition from Viom Networks to win access to state-run Power GridBSE -2.79 ...

Power infrastructure major Alstom T&D India Wednesday said it has won a euro 20.1 million contract from state-run Power Grid Corp for supplying transmission equipment across north India. "Alstom T&D India has secured a euro 20.1 million (Rs.161 crore) contract from Power Grid for upgrading transmission substations at 14 sites across five Indian states, and 765 KV reactors at Bhiwani (Haryana)," the ...

Exxon Mobil Corp is preparing to invest around $20 billion in a gas-fired power complex with Vietnam's state oil and gas group Petrovietnam, according to the Trade Ministry, the Thanh Nien (Young People) newspaper reports. The project envisages construction of two power plants with a combined capacity of 6,000 to 6,500 megawatts, which could make the United States one of the top four foreign investors in Vi ...

Angelito U. Lantin, MGen senior vice-president and general manager, said the two companies have formed San Buenaventura Power Ltd. that will serve as joint venture vehicle that will develop the new power facility beside the existing 460-MW Quezon coal plant in the municipality of Mauban. “Several development activities are under way. For the selection of EPC (engineering, procurement and construction) contr ...

Temporary power provider will meet 23 per cent of Bali’s total electricity demand 19 March 2014 – Bali, Indonesia: Aggreko, the world leader in the provision of temporary power and temperature control services, today announced a 45 MW expansion to its power projects in Bali. The announcement comes on the back of successful re-tendering for the 125 MW of capacity it already delivers to the city, bringing Agg ...