Archive | May, 2006

SINGAPORE: Kuwait’s Proclad Group sets up US$25 million plant

(EnergyAsia, May 31) — Kuwait’s Proclad Group, the world’s largest cladding company and a leading provider of precision engineering and manufacturing services to the oil and gas industry, has opened a US$25 million manufacturing plant in Singapore.             Subsidiary FTV Proclad Singapore Pte Ltd will provide customers in Southeast Asia the integration of engineering knowledge […]

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ASIA: ADB calls for vision on transport to reduce climate change impact

(EnergyAsia, May 31) — A major shift is needed in Asia’s approach to transport to cut down on emissions that could prompt irreparable climate change, said ADB vice-president Geert van der Linden at a recent workshop on clean air.             Asia’s cities tend to focus on adding roads and high-cost public transport systems to accommodate […]

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INDIA: IndianOil recommends 125% dividend pay-out after reporting strong financial results

(EnergyAsia, May 31) — The IndianOil Corp board has recommended paying shareholders a final dividend of Rs14.6 billion for the year ending March 31 2006 after reporting strong financial and operating results. (US$1=Rs45).   Its after-tax profit came to Rs 49.15 billion after paying out compensation of Rs65.71 billion in the form of oil bonds […]

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SAUDI ARABIA: Aramco signs deals to build two joint venture oil refineries

(EnergyAsia, May 31) — Saudi Arabia last week announced landmark plans to build two joint venture oil refineries with France’s Total and US ConocoPhillips. The two proposed export-oriented 400,000 barrel-per-day plants on Saudi soil will process heavy crude oil into light, high-value products to meet current and future US and European product specifications.   In […]

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CHINA: Pricing regulation could stymie private windpower investments

(EnergyAsia, May 31) — China’s new pricing regulations for windpower generated energy could hurt private company initiative, leaving the field to the state-owned power sector, said US-based World Watch.   The new regulation, issued earlier this year by China’s National Development and Reform (NDRC), stipulates that windpower pricing be set through a public tendering process. […]

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INDIA: Private construction firms enter BOT hydropower projects

(EnergyAsia, May 31) — India’s construction firms are increasingly leveraging on build-operate-transfer (BOT) opportunities in the hydroelectric power generation sector.   Construction companies like Jaiprakash, Gammon and Nagarjuna Construction, have taken up hydropower projects on a BOT basis. Two such BOT projects are already operational, with more set to follow.   New Delhi-based Jaiprakash Associates […]

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