Monthly Archives: November 2015

ADB grants loan for economic development in Cape Verde

30/11/2015 source “Inforpress” The African Development Bank (ADB) granted a loan of 15 million Euros to Cape Verde to finance the first phase of the Program to Support the Economic Growth (PACE, I), said the entity in a statement released last Friday. “The PACE-I is the first of two operations, as a programmatic budget support,…

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The Climate Summit starts with the hope for a global agreement

30/11/2015 source “El Economista” About 200 countries meet from this Monday on in Paris to reach an agreement that, at least, set the goal of limiting to 2 degrees the increase in global temperature of the planet by end of the century, according to the recommendations of the UN Climate Change Experts Framework, to prevent…

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Announced studies for new hydroelectric power in Paraguay

29/11/2015 source “Prensa Latina” The Paraguayan press reported today that the feasibility studies to build another hydro-electric plant in Paraguay will begin in early 2016. Guillermo Krauch, office director at the National Electricity Administration (ANDE), explained that the public institution will be in charge of bidding for works on the Ypané river, on the border…

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EU announces aid to Mozambique by 2020

27/11/2015 source “MacauHub” The European Union said last Thursday that will support Mozambique with 734 million Euros by 2020, under an agreement signed in Brussels. The amount was granted under the new national indicative program for the next five years and is intended to several areas, focusing on two – good governance and rural development.…

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ACS and Brookfield joint in Brazil to get electrical lines for 750 million Euros

23/11/2015 sources “Cinco Días” and “Expansión” The two branches of ACS Industrial, COBRA and Control y Montajes Industriales (CYMI), in consortium with the Canadian fund Brookfield, were awarded a grant of transmission lines in Brazil for more than 750 million Euros, according to a statement of the group. The agreement signed regulates the joint investment…

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Renewable energy is already 15.4% of energy consumption in Spain

20/11/2015 source “Expansión” Renewable energy doubled its contribution to final energy consumption in Spain between 2004 and 2013, reaching already 15.4%, according to the Institute of Economic Studies (IEE). On the other hand, the largest proportion of renewable energy consumption correspond Sweden (52.1%), Latvia (37.1%), Finland (36.8%) and Austria (32.6%). Denmark is around 27%, while…

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Awarded to ACS the work of a highway in Australia for 2,875 million Euros

20/11/2015 source “El País” The Spanish construction company ACS, through its Dragados and Leighton Contractors subsidiaries, has signed with Sydney Motorway Corporation a contract for the design and construction of the new M5 motorway in Sydney (Australia), a project budgeted at 4,300 million Australian Dollars (about 2,875 million Euros), according to information released today by…

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Gamesa launches a new wind turbine for medium winds

18/112015 source “Expansión” The Spanish wind turbine manufacturer Gamesa has presented today (November 18) at the fair European Wind Energy Association (EWEA), which is taking place in Paris between 17 and 20 November, the first unit of its G132-3.3 MW model. This turbine is the only in the market aimed at medium winds that combines…

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Abengoa will build two power lines in Argentina

18/11/2015 source “Expansión” They were awarded to the Spanish company Abengoa the engineering and construction of two new transmission lines in Argentina, two projects budgeted at 49 million Dollars (about 46 million Euros). The first project awarded involves the construction of a line of 38 kilometers in the province of Jujuy, and the construction of…

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Financial markets expects for the first time a double-digit inflation in Brazil

17/11/2015 source “America Economia” The Brazilian market rose to 10.04% its forecasts for inflation this year, while the economy is expected to fall 3,10%, according to a report released by the Central Bank. The data, which the Focus Bulletin publishes every Monday after interviewing a hundred economists of the financial market, located for the first…

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The UK will have the largest sea wind park of the world

11/11/2015 sources “Libertad Digital” and “Statoil” New Energy Solutions, a subsidiary of the Norwegian company Statoil, will set in motion a pilot project of a giant offshore wind farm off the coast of Scotland after the approval by the Scottish Government of the plan to build the first park of its kind in the UK.…

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APIEX Agency is the gateway to investors in Angola

09/11/2015 source “Angop” The Agency for Investment Promotion and Export of Angola (APIEX) is structured to be the gateway for entrepreneurs who want to invest in the country, said the Minister of Trade, Rosa Pacavira. The minister said during her speech at opening ceremony of the headquarters of APIEX, held last Friday in Luanda that…

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Lauca dam animates Portuguese construction companies in Angola

09/11/2015 source “DN” The oil crisis has caused uncertainty and concern among workers and construction companies in Angola, since the country has dampened the public investment fund for roads, schools and other works necessary for reconstruction, originating including dismissal among builders. The award this week of the work of over 730 million Euros in the…

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ACS will build the largest combined cycle power plant in Saudi Arabia

04/11/2015 source “Ok Diario” The Spanish builder Group ACS, headed by Florentino Pérez, will build and explore the largest combined cycle power station in Saudi Arabia, with 600 megawatts of power with an amount that reaches 670 million Dollars (approximately 610 million Euros) according to information released by the business group. ACS won the contract…

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ENI group supports Sonangol in gas production in Angola

04/11/2015 source “ENI Group” The Italian group ENI will support the Sociedade Nacional de Combustíveis de Angola  – Sonangol (National Society of Fuels of Angola) in gas production and construction of the Lobito refinery, according to information published on the website of the ENI group. The chairman of Sonangol, Francisco de Lemos José Maria, and…

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Egypt will start the exploration of the new gas well in 2017

04/11/2015 source “Africa News” Egypt will start in 2017, a year ahead of scheduled, the operation of the new gas well, Zohr, situated in the Mediterranean Sea. The Zohr field is the largest in the Mediterranean, with an estimated 30 billion cubic feet of gas. The Italian company Eni, who discovered this great gas reserves,…

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Peru attracts investment of 2,000 million Dollars

04/11/2015 source “America Economia” Peru holds investment projects in infrastructure of over 2,000 million US dollars, reviewed so far by the government, according to statements by Deputy Minister of Economy and Finance, Enzo Defilippi. These projects consist of 40 contracts under Public Private Partnership (PPP), a participatory figure which merges the participation of government and…

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Morocco: IBRD lending 200 million euros to Nador West Med

03/11/2015 source “Jeune Afrique” The European financial institution is linked to the financing of port infrastructure, with the African Development Bank and the Arab Fund for Economic Development. The European Bank for Reconstruction and Development (EBRD) will provide 200 million Euros for the structure of Nador West Med, Moroccan construction company of public capital, in…

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Peruvian mining and hydrocarbons sector reached a peak in September and grew 10.86%

02/11/2015 source “American Economy” The production of the Peruvian mining and hydrocarbons sector increased 10.86% last September, the highest rate of the year; according to information released by the manager of the National Statistics and Information Institute – INEI, Anibal Sanchez, this activity reached seven months of consecutive growth and “continuous positive results”. The increase…

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