KARACHI: Playing an active part in the government’s aim to promote the use of Electric Vehicles, Shell Pakistan Limited (SPL) and K-Electric Limited (KE) have signed a Memorandum of Understanding (MoU), to jointly develop the first three Electric-Vehicle (EV) Charging Stations across Karachi and its connecting highways. The locations selected for installing 50 KWH Rapid…
Sembcorp Energy India wins 400MW capacity solar power project
SINGAPORE: Sembcorp Energy India Limited (SEIL), a wholly owned subsidiary of Sembcorp Industries (Sembcorp), has recently won a new 400MW solar power project, a news release said. Through its renewables subsidiary, Sembcorp Green Infra, SEIL won this bid in a closely contested auction conducted by the Solar Energy Corporation of India (SECI). SEIL has received…
Solon Eiendom selling 49 % stake in Solon Realkapital to Vatne Property
OSLO: Solon Eiendom ASA has entered into an agreement for the sale of Solon’s 49 % stake in Solon Realkapital AS to Vatne Property AS. Vatne Property AS is a 100 % owned subsidiary of Vatne Capital AS, which is fully owned by Runar Vatne who holds approximately 25 % of the shares in Solon…
HydrogenPro, Ariema and Reposl plan to develop joint hydrogen projects
OSLO: HydrogenPro AS, Ariema S.A and Reposl S.A have announced plan to develop joint hydrogen projects. Within the framework of a Memorandum of Understanding, HydrogenPro will assist the Spanish multi-energy provider Repsol to mature and accelerate projects which will help Repsol achieve its’ target of becoming a zero emissions company by 2050. HydrogenPro will contribute…
Nanobiotix announces key development milestones for 2021 after successful Nasdaq IPO
PARIS: Nanobiotix announced its global development plan for 2021 and beyond. Nanobiotix is a clinical-stage biotechnology company focused on developing first-in-class product candidates that use proprietary nanotechnology to transform cancer treatment by increasing the efficacy of radiotherapy and increasing the proportion of patients that respond to immune checkpoint inhibitors. “Following the successful closing of our…
Daniel Yeo becomes acting CEO of R3D Global as Fang resigns
SYDNEY: R3D Global Limited notified that Florence Fang has resigned from the Company as CEO, effective immediately. Florence was a director of the Company between March 2017 and December 2020. She was appointed CEO in March 2017. Commenting on the departure, R3D’s Chairman, Daniel Yeo said, “Florence has worked diligently for the Company since 2017…
EQTEC announces MoU with Nobilis Pro Energy of Greece, partnership with ewerGy GmbH of Germany
LONDON: EQTEC plc announce that, together with its German EPC partner ewerGy GmbH, the Company has signed a Memorandum of Understanding with Nobilis Pro Energy S.A., a private Greek company with a strong track record in the planning and construction of metal structures, metal buildings and other complex structures in Greece and abroad. As an…
Consortium receives funding to investigate offshore hydrogen production
LONDON: ITM Power, Ørsted, Siemens Gamesa Renewable Energy, and Element Energy have been awarded EUR 5 million in funding from The Fuel Cells and Hydrogen Joint Undertaking (FCH2-JU) under the European Commission to demonstrate and investigate a combined wind turbine and electrolyser system designed for operation in marine environments. The Fuel Cells and Hydrogen 2…
Juha Volotinen leaves Aktia Bank
HELSINKI: Juha Volotinen, Aktia Bank’s Chief Information Officer, has given notice of his resignation from the company. He will leave his duties during March 2021. Volotinen has worked at Aktia since 2010 and has been a member of the Executive Committee since 2017. “During the past years, Juha Volotinen has played a significant role in…
Eason Chen appointed CFO at Rambler Metals and Mining
LONDON: Rambler Metals and Mining plc announced that effective immediately, Mr Eason Chen has been appointed Chief Financial Officer (CFO) for the Company and all its subsidiaries on a full-time basis. Mr Chen has served on the board of Rambler for the past eight years as a non-executive director and with his appointment as CFO,…
Appear Inc launching graphene battery-powered 5G smartphone
SAN FRANCISCO: Appear Inc. announced the launch of the world’s lightest and first graphene battery-powered smartphone with innovative water-resistant technology. There is already a lot of interest in this smartphone. The Appear Smartphone Will Be Available in March 2021 Appear has begun receiving orders and projections call for a million units sold in the first…
Skanska signs $392 million contract to renovate Pennsylvania Station in New York
COPENHAGEN: Skanska has signed a contract with Penn District Station Developer LLC to renovate Pennsylvania Station’s Long Island Rail Road (LIRR) concourse in New York, New York, USA. The contract is worth USD 392M, about SEK 3.2 billion, and will be included in the US order bookings for the fourth quarter of 2020. The contract…