Archive | August, 2008

MALAYSIA: Khazanah, BCSGEE form JV to invest in waste-to-energy projects in China

Sciences General Energy & Environment Co Ltd (BCSGEE) have formed a joint venture to develop municipal waste-to-energy projects in China. Khazanah said it established the joint venture through its wholly-owned subsidiary, Tanjung Rhu Investments Ltd, which will have majority shareholding. The Malaysian government investment company has committed to invest up to US$150 million in at […]

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MALAYSIA: Global Process Systems-MISC JV secures multi-million dollar contract

Inc (GPS) and Malaysia’s MISC Bhd said they have been awarded a multi-million dollar contract by Malaysia’s PCPP Operating Company Sdn Bhd for the lease of two mobile offshore production units (MOPUs) for deployment off the coast of Sarawak state. The contract is worth approximately US$320 to US$360 million with an estimated capital expenditure of […]

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SINGAPORE: Shipping firm NOL’s Q2 net profit down 19% on rising fuel cost

performance of Singapore’s container shipping firm NOL. Bunker fuel costs rose to a record close of US$764.5 per tonne FOB Singapore on July 15. Its second quarter net profit fell 19% year-on-year to US$76 million, the first decline in five quarters, on “deteriorating market conditions and significant cost pressures.” For the first half, however, it […]

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BOOK: ‘Fuel Cell Projects for the Evil Genius’ on how to build practical projects

(EnergyAsia, September 1, Monday) — Publisher McGraw Hill has released a book, ‘Fuel Cell Projects for the Evil Genius’, which teaches readers how to build practical, environmentally conscious projects using the three most popular and widely accessible fuel cells. Author Gavin Harper provides easy-to-follow plans that feature clear diagrams and schematics that would help readers […]

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ABU DHABI: Masdar breaks ground on photovoltaic factory in Germany

investment into thin-film photovoltaics, Masdar, the Abu Dhabi renewable energy company, has broken ground on its first photovoltaic production plant in Ichtershausen in Germany.   The plant will use advanced production technologies to bring PV closer towards grid parity, and enhance a local economy with a rich history of manufacturing and technology.  The US$230 million […]

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AUSTRALIA: Geothermal energy could supply 5% of national energy needs

account for 2,200MW of installed electricity and supply up to 5% of Australia’s energy needs by 2020, said an industry association. (US$1=A$1.14).   The Australian Geothermal Energy Association (AGEA) provided the finding in a report it commissioned from economic modelling firm McLennan Magasanik Associates (MMA) last month. In releasing the report at the 2008 Australian […]

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