DUBLIN: Greencoat Renewables PLC the Irish renewable infrastructure company invested in euro-dominated assets has acquired Killala Community Wind Farm, a 20.4MW wind farm situated in County Mayo. The project consists of 5 Siemens 3.4MW turbines that have been operational since July 2019. An additional Siemens 3.4MW turbine is currently under construction which will bring the…
IQGeo signs $1.2 million in contracts to expand software deployment
CAMBRIDGE: IQGeo Group plc announced two new contracts worth in excess of USD1.2 million with an existing customer, increasing the number of its licensed users and purchasing IQGeo’s field data capture product. The customer is a regulated electric and natural gas utility, based in the USA serving over 700,000 electric and natural gas customers, covering…
Jadestone Energy to acquire an operated 69% interest in Maari Project for $50mn
SINGAPORE: Jadestone Energy has executed a sale and purchase agreement (SPA) with OMV New Zealand Limited, a subsidiary of OMV, to acquire an operated 69% interest in the Maari Project, shallow water offshore New Zealand for a total headline cash consideration of US$50 million, to be funded from the Company’s cash resources. Jadestone Energy is…
Roger Brown appointed CEO of Seplat Petroleum as Avuru retires
LONDON: Seplat Petroleum Development Company has announced that her pioneer Managing Director and later CEO, Austin Avuru will be retiring in July 2020 after 10 years of leading the company. In these 10 years, Mr. Avuru led the development of a strong organization, the deployment of agile systems, processes and stakeholder relationships that allowed the…
Etalon group launches new phase at Galactica
LONDON: Etalon Group Plc has launched sales for a new phase at Galactica, the largest development project in the central part of St Petersburg. Etalon is one of Russia’s largest and longest-established development and construction companies The new stage will consist of two residential buildings with heightened comfort, each with its own underground parking. The…
Entra acquires development property in Bergen
OSLO: Entra ASA has acquired the property Møllendalsveien 6-8, located in Entra’s existing property cluster and nearby Media City Bergen , for a property value of NOK 400 million. Møllendalsveien 6-8 is a 14,500 sqm office property with an annual rent of NOK 26,4 mill. The average lease contract duration is approximately 1.2 year. Entra…
Abu Dhabi Exchange prepares paper to help develop Crypto Asset platforms
ABU Dhabi: Abu Dhabi Securities Exchange (ADX) has prepared a working paper to facilitate best practice and provide recommendations for developing platforms in the Crypto Asset space. The paper outlines recommendations and best practice considerations in relation to issuance, settlement, safekeeping, asset servicing and regulation of Crypto Assets. The paper ‘Crypto Assets: Moving from theory…
Microsoft awards JBS the Licensing Solution Provider Status
KARACHI: Jaffer Business Systems Private Ltd. (JBS) is awarded with the status of Licensing Solution Provider (LSP) by Microsoft in Pakistan. The recently acquired milestone places JBS as a go-to partner for Microsoft in the country. On achieving this honor, Veqar ul Islam, Director and CEO JBS, said, “With the status of Licensing Solution Provider…
TDAP to setup Pakistan Pavilion at Automechanika Shanghai 2019
KARACHI: As many as four Pakistani companies will attend the 15th Edition of Automechanika Shanghai 2019, being held during December 03-06, 2019. This year in 2019, Trade Development Authority of Pakistan (TDAP) is organizing again a National Pavilion consisting of four companies including Dawood Engineering, Infinity Engineering, Pakistan Accumulators and Rastgar Engineering. Around 150 buyers from…
Global fish processing equipment market to grow at a CAGR of over 4%
LONDON–(BUSINESS WIRE)–The global fish processing equipment market size is poised to grow by USD 181.11 million during 2020-2024, according to a new report by Technavio, progressing at a CAGR of over 4% during the forecast period. he market is driven by the rising focus on preventing fish products from deterioration. Also, the several applications of…
STOXX Europe 600 ESG-X Index licensed to Kairos Partners
ZUG: Qontigo’s global index provider STOXX Ltd. has licensed the STOXX Europe 600 ESG-X Index to Kairos Partners SGR to serve as an underlying for an actively managed fund. The STOXX Europe 600 ESG-X index includes a product involvement screening for controversial weapons, tobacco and thermal coal as well as a norm-based screening that follows…
AM Best withdraws credit ratings of Royal Insurance Corporation of Bhutan
SINGAPORE: AM Best has affirmed the Financial Strength Rating of C (Weak) and the Long-Term Issuer Credit Rating of “ccc+” of Royal Insurance Corporation of Bhutan Limited. These ratings remain under review with negative implications. Concurrently, AM Best has withdrawn these ratings as the company has requested to no longer participate in AM Best’s interactive…