KARACHI: Pakistan LNG Limited (PLL) has finalized lowest bids ranging $6.7/mmbtu to $6.925/mmbtu for eight LNG cargoes to be delivered during April to June 2021. It was the first time PLL invited bids on fixed dollar rates instead of percentage of Brent, as was the practice. PLL received a total of 42 bids for the…
Ocean Sun and MP Quantum to develop floating solar in Greece and Cyprus
OSLO: Ocean Sun has signed an agreement with MP Quantum Group (MP) to develop floating solar based on Ocean Sun’s proprietary technology in Greece and the Republic of Cyprus, a news release said. “We are pleased to enter this collaboration with one of the most well-reputed business families in Greece. MP has a strong team…
Pakistan to float USD denominated Eurobonds
§ Pakistan is all set to float USD denominated Eurobonds in the international market, under the Global Medium Term Note Programme. After a hiatus of almost 4 years, Pakistan is tapping the international bond market, with last Eurobond (USD 1.5bn | 10yr) and Sukuk (USD 1bn| 5yr) issued in 2017 at 6.875% and 5.625%, respectively….
Edison Group values VivoPower International at $321 million
LONDON: Edison Group has published its first report and valuation on VivoPower International valuing the business at $19 a share. At market close Monday (March 29), VivoPower stock stood at $8.06. At the core of Edison’s valuation is its view of the business’ accelerating growth strategy and ‘transformational’ acquisition of rugged electric vehicle (EV) company…
Nexans appointed to connect Empire Wind offshore projects to New York onshore grid
PARIS, FRANCE: Nexans has signed a preferred supplier agreement (PSA) with Empire Offshore Wind LLC to electrify the future of New York State by connecting the Empire Wind offshore projects to the onshore grid, a news release said on Tuesday. The turnkey projects cover the full design and manufacturing, as well as the laying and…
Qatar Stock Exchange to launch listing & trading venue for SMEs
DOHA: Qatar Stock Exchange (QSE) will launch the QE Venture Market (QEVM), which will provide a listing and trading venue for SME’s that do not fulfil listing requirement of the main market, a news release said. The QEVM would give SME owners an opportunity of listing and trading in the bourse in accordance with lighter…
Kersten Hulpmiddelen acquires FullMobility
AMSTERDAM: Value8 NV’s portfolio-company Kersten (a provider of medical aids) has acquired FullMobility, a news release said adding FullMobility will become part of the new group from 1 April 2021. The acquisition fits very well in Kersten’s growth strategy. Both companies see a perfect fit in terms of strategy, DNA, client focus and dedication to…
DTE Electric company completes third green bond offering of $1.0bn
DETROIT: DTE Energy’s subsidiary, DTE Electric company, completed its third offering of green bonds on Monday, March 29. The $1 billion bond offering will finance green, or clean, energy investments, including renewables and energy efficiency programs. In its initial green bond offering in May 2018, DTE became the fifth investment-grade energy company in the nation –…
Armadale Capital gets ESIA approval from NEMC of Tanzania
LONDON: Armadale Capital plc reported that the National Environment Management Council (NEMC) of Tanzania has formally granted approval of the Company’s Environmental and Social Impact Assessment (ESIA) for the production of natural flake graphite from Armadale’s 100%-owned Mahenge Graphite Project in south-east Tanzania. The ESIA is the final necessary step in the Mining Licence application…
Tekna Holding listed on Euronext Growth Oslo
ARENDAL: Tekna Holding AS (Tekna, OSE:TEKNA), the world-leading provider of advanced materials to industry, today began trading on Euronext Growth Oslo, a multilateral trading facility operated by the Oslo Stock Exchange. Oslo Stock Exchange CEO Øivind Amundsen rang the opening bell in Oslo, with Tekna employees from across the world following the event online. Tekna…
Ofcom notifies new regulations for landline and mobile telephone calls market
LONDON: The UK Office of Communication (Ofcom) has notified the procedure on how the wholesale markets that underpin landline and mobile telephone calls in the UK, will be regulated, for the period between April 2021 and March 2026. Call termination: When people call a UK mobile or landline number, the caller’s network provider pays a…
Cyviz and Accenture to deliver next-generation visual collaboration solutions for Expo 2020 Dubai
OSLO: Accenture and Cyviz partner to equip the innovative and collaborative exhibition at Expo 2020 Dubai with a range of Cyviz technology solutions, a news release said. The Expo 2020 theme is ‘Connecting Minds, Creating the Future’, and promotes sustainability, mobility, and opportunity. Accenture is the Digital Services Premier Partner and one of the headline…