(EnergyAsia, April 3, Friday) — American Superconductor Corp (AMSC), a Nasdaq-listed energy technologies company, said it has expanded its strategic alliance with Shanghai Electric Cable Research Institute (SECRI) and has received a new order for AMSC’s high temperature superconductor (HTS) wire. SECRI will use the HTS wire to develop and manufacture a 30-meter-long, 35 kilovolt...
(EnergyAsia, April 3, Friday) — US engineering giant KBR said it has been awarded a contract by BP, on behalf of Azerbaijan International Oil Company (AIOC), to provide front-end engineering and design (FEED) services for the Chirag oil project in the Azerbaijan sector of the Caspian Sea. KBR said it will provide FEED and procurement...
(EnergyAsia, April 2, Thursday) — China is planning to build two wind and two hydro power plants with a total capacity of more than 2,000MW.The National Development and Reform Commission (NDRC) has approved the construction of a 230MW hydropower station in Sichuan province and a 220MW hydro plant one in Guizhou province.The wind farm projects...
(EnergyAsia, April 2, Thursday) — Chinese solar water heater producer Himin Solar Energy Group is planning to launch an initial public offering of its shares next year.The company aims to issue China-listed A-shares but it is also looking at plans for listing its stock on an overseas exchange.Himin said it plans to invest one-billion yuan...
(EnergyAsia, April 2, Thursday) — The Russian economy is expected to contract by 4.5% in 2009, compared with last year’s 5.6% growth, said the World Bank, which also predicts that the country’s fiscal surplus last year will turn to a sizeable deficit.Unemployment could reach 12% by year end as the financial crisis threatens to revese...
(EnergyAsia, April 2, Thursday) — India’s Tamil Nadu state is investing in energy efficiency in the state’s water services and street lighting in 29 of its 45 city authorities, said the Renewable Energy and Energy Efficiency Partnership (REEEP). Power bills typically represent 40-60% of the total costs of running urban water plants.In response to this,...
(EnergyAsia, April 2, Thursday) — French engineering firm AREVA said its transmission and distribution (T&D) division has launched eight factories on three sites in India last week.The sites are located in Vadodara city in Gujarat state, and in Hosur and Padappai in Tamil Naidu state. Driven by the Indian market’s growing demand for electrical equipment...
(EnergyAsia, April 2, Thursday) — GE Drivetrain Technologies, a unit of GE Transportation, and Nasdaq-listed A-Power Energy Generation Systems Ltd, said they have signed agreements for the GE unit to supply A-Power with 2.7 megawatt wind turbine gearboxes and to establish a joint venture partnership for a wind turbine gearbox manufacturing plant in China. The...
(EnergyAsia, April 2, Thursday) — Developing Asia should rebalance growth to endure the global crisis and boost its resilience to large external shocks in the long run, said the Asian Development Bank (ADB).In its Asian Development Outlook (ADO 2009) report, the ADB said that the ongoing global financial and economic crises have underlined the risks...
(EnergyAsia, April 2, Thursday) — Developing Asia’s economic growth will slow in 2009 to its most sluggish pace since the 1997/1998 Asian financial crisis, the Asian Development Bank (ADB) said in a new major report.Its flagship annual economic publication, Asian Development Outlook 2009 (ADO 2009), has forecast economic growth in developing Asia to slide to...