Company News

Costa Rica's legal watchdog has cleared a billion-dollar contract that the government signed with China to jointly build an oil refinery after it was held up in legal wrangling for months.

Shriram EPC’s subsidiary Oriental Green Power (OGP) has engaged in renewable energy generation plans to invest INR 730 crore for setting up biomass-based power plants.

Delek Group Ltd, a subsidiary Delek Energy Systems Ltd and Isramco Ltd, wants to participate in the tender for a USD 400 million LNG terminal.

On 27 July 2009, the signing ceremony of the Framework Agreement on Cooperative Development of the Chenzhou Nuclear Power Station between China National Nuclear Corp. (CNNC) (Beijing) and the Municipal Government of Chenzhou was held in Beijing. LI Jinying, Director of the Planning Department of CNNC and XIANG Lili, Mayor of Chenzhou City signed the Agreement on behalf of both parties.

Cameroon’s Ministry of Industry, Mining, and Technological Development has awarded Total Exploration & Production Cameroon, a 75.8% affiliate of Total SA, the Lungahe exploration block in the Rio del Rey basin off Cameroon.

Royal Vopak (Vopak) has signed a Memorandum of Understanding (MoU) with Dialog Group Berhad (Dialog) from Malaysia.

Specialty tubing manufacturer RathGibson Inc. has filed for Chapter 11 bankruptcy protection under a heavy debt load.

Toshiba JSW Turbine and Generator, a 25:75 JV between JSW Group and Japan-based Toshiba Corp., is setting up a facility in Chennai to manufacture steam turbines and generators for thermal power plants.

Tata Power, TATA Steel and Corus Staal BV have signed a MoU for building a 525MW combined-heat and power plant at Corus’ IJmuiden works in the Netherlands.

Coal India Ltd (CIL) and NTPC Ltd are expected to sign an agreement next month to build a 4000MW pithead coal-fired thermal power plant in Brahmani, Jharkhand.