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H.I.G. completes sale of 7S group to Manpowergroup

BERLIN: H.I.G. Europe (“H.I.G.”), the European arm of global private equity firm H.I.G. Capital, announced today that it has completed the sale of the 7S Group to ManpowerGroup. As a leading provider of HR related services, the 7S Group offers comprehensive solutions in temporary staffing, business support services, and career services. The 7S Group services complement the ManpowerGroup portfolio while ... Read More »

Demand for power in Belgium falls by 11.5% to 5.86 TWh during July

BRUSSELS: Demand for power in Belgium fell by 11.5% on the year to total 5.86 TWh during July, 0.76 TWh below last July’s figure but almost unchanged on the month, a Platts analysis of Elia data showed. The drop in demand was accompanied by a reduction in domestic output rather than a reduction in imports, which were largely unchanged on ... Read More »

New tidal energy system could help power UK

LONDON: Harnessing tidal power around the UK’s coast has so far been limited by the cost of the large dams and barrages required and unpredictable results. A British company, in conjunction with Oxford University researchers, believes it has devised a way to overcome this obstacle by creating a new type of horizontal axis turbine that can be used underwater at ... Read More »

$450m contract linking power grids of UK, Norway to benefit Stone

OSLO: A $450m contract which will see a power systems business link the power grids of the UK and Norway is to benefit Stone. ABB has won the contract to supply the high-voltage direct current (HVDC) converter stations that will tie the new North Sea Network (NSN) Interconnector, the electricity line that will connect Blythe to Norway. The firm will ... Read More »

$450m contract which to see power systems business link power grids of UK, Norway

OSLO: A $450m contract which will see a power systems business link the power grids of the UK and Norway is to benefit Stone. ABB has won the contract to supply the high-voltage direct current (HVDC) converter stations that will tie the new North Sea Network (NSN) Interconnector, the electricity line that will connect Blythe to Norway. The firm will ... Read More »

Paddy Power likely to expand UK outreach after Ladbrokes merger

LONDON: The merger, which has been rumoured for weeks, will create the UK’s biggest bookmaker. The combined group, which will be known as Ladbrokes Coral, will have about 4,000 outlets. To satisfy competition concerns, it’s likely to have to sell hundreds of outlets. Paddy Power, which already had 321 shops in the UK at the end of last year, could ... Read More »

Shares of Tata Steel up over 2% as UK pension dispute ends

LONDON: Shares of Tata Steel jumped over 2 per cent today following resolution of a major labour dispute at the UK arm of the company. The stock gained 2.15 per cent to Rs 286.75 on BSE. On NSE, the shares went up 2.17 per cent to Rs 286.50. All the four trade unions have accepted the proposals for changes to the ... Read More »

Iran, powers to hold 0830 GMT ministerial meeting

TEHRAN: The foreign ministers of Iran and six major powers will meet for nuclear talks at 0830 GMT at the United Nations centre in Vienna to be followed by a news conference, a spokeswoman for the European Union said. Tehran and the six powers have been holding marathon diplomatic negotiations at the ministerial level for more than two weeks to ... Read More »

German Green power forces Neighbors to bolster blackout defenses

BERLIN: Germany’s drive to harness wind and solar power is producing so much electricity that it’s spilling over into neighbors’ grids and increasing the threat of blackouts. Poland and the Czech Republic are spending $180 million on equipment to protect their systems from German power surges, while Austria is curbing some trading to prevent regional networks from collapsing. On a ... Read More »

Major solar power launches in southern Jordan worth of $170m

AMMAN: A major solar power venture has got underway in Jordan’s southern governorate of Ma’an with investments totaling $170 million and targeted electricity output of 52.5 megawatts. Shams Ma’an Power Generation PSC, the company which will carry the project, launched the construction phase of the electricity generation venture which will use photovoltaic cells. The venture is the first of its ... Read More »

Major solar power launches in southern Jordan worth of $170m

AMMAN: A major solar power venture has got underway in Jordan’s southern governorate of Ma’an with investments totaling $170 million and targeted electricity output of 52.5 megawatts. Shams Ma’an Power Generation PSC, the company which will carry the project, launched the construction phase of the electricity generation venture which will use photovoltaic cells. The venture is the first of its ... Read More »

Shares of Adani Enterprises crash 81.74% intraday

Shares of Adani Enterprises  (AEL) crashed 81.74 percent intraday Wednesday as the stock price has adjusted for demerger of its port, power and transmission businesses. The stock has touched a 52-week low of Rs 116.25 against previous day’s closing of Rs 638.05. According to its filing on May 25, AEL demerged its complete port business (Belekeri Port and the investment ... Read More »

Paks power plant to account for 10% prior costs

BUDAPEST: Planning and preparation for the upgrade of Hungaryʼs sole nuclear power plant in Paks is expected to account for about 10% of total project costs prior to the beginning of construction in 2018, Attila Aszódi, the government commissioner for the project, said in an interview on Friday with state-owned news channel M1. Next yearʼs budget bill has allocated HUF ... Read More »

Norwegian power utility Skagerak Nett AS selects Eltel its rollout partner

OSLO: Norwegian power utility Skagerak Nett AS has chosen Eltel l (STO:ELTEL) its rollout partner in their smart metering project. The rollout consists of 180.000 AMM meters to be installed by 2019. Skagerak Nett has decided to contract the rollout of 180.000 smart meters with Eltel. The contracted services include rollout of meters and communication equipment, installations for substations, warehousing ... Read More »

Wärtsilä to deliver 2 power plants with capcity of 104MW in Oman

HELSINKI: Wärtsilä has received orders to supply Two power plants, with a combined capacity of 104 MW, will supply electricity to rural areas in Southeastern Oman, outside the national grid. The power stations will operate in extreme conditions of up to 52 Celsius degrees. The larger of the two power plants will be located on the island of Masirah on ... Read More »

Wärtsilä to deliver 2 power plants with capcity of 104MW in Oman

HELSINKI: Wärtsilä has received orders to supply Two power plants, with a combined capacity of 104 MW, will supply electricity to rural areas in Southeastern Oman, outside the national grid. The power stations will operate in extreme conditions of up to 52 Celsius degrees. The larger of the two power plants will be located on the island of Masirah on ... Read More »

South Africa Eskom hopes to meet electricity demand

JOHANNESBURG: If there is no technical breakdown this week, Eskom will meet electricity demand, the company said here the other day. “The power system will remain constrained until new generating capacity comes on stream, a process which is expected to take about two to three years,” Eskom said. “This doesn’t mean that there’ll be load shedding every day for the ... Read More »

500kv transmission tripping bring major power breakdown in Karachi for 5 hrs

KARACHI: The City plunged into darkness early Sunday due to a major electrical breakdown. Electricity transmission from the national grid to Karachi was abruptly suspended causing a power shutdown in Nazimabad, Defence, Sharea Faisal, Gulshan-i-Iqbal, Nursery, PECHS, Shah Faisal, New Karachi, Clifton, Landhi, Korangi and other areas of the provincial capital city. A K-Electric spokesman said the breakdown was caused ... Read More »

1000MW electricity production thru LNG system in mid 2015: Asif

SIALKOT: Federal Minister for Water and Power  Khawaja Muhammad Asif has said that the government has focused on developing the LNG system for power generation purposes in the country, saying that the LNG system would be helpful in producing the cheaper electricity. He said that the government would soon lay down a LNG pipeline between Karachi-Sindh and Punjab. He said ... Read More »

Protest against power, gas outages: Mob tries to occupy SNGPL office in Karak

KARAK: Clashes between police and citizens erupted Sunday when the later were protesting against the low gas pressure and power loadshedding. The protesters tried to occupy the sale meter station of the SNGPL and blocked the Indus Highway, over which the police used heavy teargas to disperse them. At least 12 people sustained injuries, when police opened firing in the ... Read More »