JANDAKOT: Tasmea Limited (ASX: TEA) announced Monday it has agreed to acquire Vertex Group, a specialist in high-voltage and portable power services, in a deal worth up to A$11.75 million ($7.8 million). The acquisition aims to strengthen Tasmea’s capabilities in the electrification industry. The purchase includes Vertex Power & Process Pty Ltd and VTX Group…
HOUSTON: Lazard, Inc. (NYSE: LAZ) announced Wednesday that Chris Miller has joined the firm as a Managing Director within the Power, Energy & Infrastructure Advisory business, based in Houston. In his new role, Miller will advise clients in the Energy industry, with a focus on Oil & Gas. “Chris brings a wealth of expertise and a proven…
LONDON: Solid State plc (AIM: SOLI), the specialist value-added component supplier and design-in manufacturer of computing, power, and communications products, announced the acquisition of Q-Par Antennas USA LLC for a maximum consideration of up to $2.0m. Q-Par will join the Systems division of the Group. Established in 2014, Q-Par is a recognised and highly regarded…
ABU DHABI, UAE: Abu Dhabi National Energy Company PJSC (TAQA) and Abu Dhabi National Oil Company (ADNOC) announced a $3.6 billion strategic project to significantly decarbonize ADNOC’s offshore production operations, further strengthening TAQA and ADNOC’s position in driving and leading sustainability efforts and supporting the United Arab Emirates (UAE) ‘Net-Zero by 2050 Strategic Initiative’. The…
TOKYO: In accordance with the agreement signed on December 17, 2018, Hitachi Ltd. and ABB Ltd announced the completion of all required procedures as planned, and the formation of Hitachi ABB Power Grids Ltd. Hitachi has an 80.1 percent stake in this new joint venture entity (which has business volume of approximately 10 billion USD)…
PERTH: African Energy Resources Ltd announced the Sese Power (Pty) Limited has received the Generation Licence documentation for the Sese Power Project from the Botswana Energy Regulatory Authority (BERA). The Generation Licence allows the Sese Power Project to export and sell 225MW of power for 15 years to Kalumbila Minerals Limited and Kansanshi Mining Plc…
CAMBRIDGE: IQGeo Group plc has announced a new contract with one of Japan’s largest power providers. In September, Eastern Japan was hit by category 4 Typhoon Faxai, which resulted in power failure for over 640,000 homes. This customer worked with IQGeo, and its partner NESIC, to implement its geospatial platform. IQGeo’s mobile-first architecture enabled real…