Monthly Archives: February 2016

Wind energy surpass nuclear energy in power generation

28/02/2016 source “Prensa Latina” A Global Wind Energy Council report states that wind power exceeded nuclear energy in global electricity generation, and that there is sufficient capacity to cover the global consumption. According to the data reported by that entity located in Brussels and by the World Nuclear Association, by the end of 2015 had…

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G20 members analyse, in China, coordination and group policies

26/02/2016 source “El Financiero” Finance ministers and central bank governors of member countries of the G20 will hold today in Shanghai a two-day meeting to discuss policy coordination among the members to straighten again the global economy and balance the short, medium and long term growth, in order to strengthen measures to face the global…

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Africa Finance Corporation increased its stake in the wind farm Cabeólica

23/02/2016 source “Ocean Press” Africa Finance Corporation (AFC) acquired the share of participation of InfraCo Africa in the wind farm Cabeólica; the business follows the agreement signed on 6 May 2015 in which AFC agreed to buy the remaining stake of InfraCo Africa in the project. The Cabeólica is the first sustainable wind farm with…

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CPLP trade ministers meet in Dili

23/02/2016 source “CPLP” The Second Meeting of Trade Ministers of the Community of Portuguese Language Countries (CPLP) will take place on February 24, 2016 in Dili, Democratic Republic of Timor-East. Under the theme “The CPLP and the Economic Globalization”, the ministers of Trade or their representatives will assess the degree of implementation of the Declaration…

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Gigawatt Mozambique inaugurates power plant at Ressano Garcia

22/02/2016 source “Macau Hub” The company Gigawatt Mozambique held last February 19 the formal inauguration of the new power station of natural gas built in Ressano Garcia, on the border with South Africa. The plant, which cost 200 million Dollars, has an installed production capacity of 120 megawatts of power, amount that represents 24% of…

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Sumitomo Corp builds power station in Mozambique

18/02/2016 source “Macau Hub” The Japanese firm Sumitomo Corporation joined the corporate group of heavy industry IHI, also Japanese, to build a power plant supplied by natural gas in Mozambique, reported Japanese media. The power station will be built in the province of Maputo, in the south of the country, in the context of a…

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Companies plan to invest 20,000 million Dollars in renewable energy in Mexico

16/02/2016 source “Prensa Latina” A number of companies is planning to invest 20,000 million Dollars in the coming years in renewable energy projects in Mexico, focused on installation and operation of wind power plants, said the Executive Director of Private Sector Studies Commission on Sustainable Development (Cespedes) José Ramón Ardavín. Ardavín explained that after the…

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France plans to pave 1,000 kilometres of road with solar panels

14/02/2016 source “Lexpress” The French authorities of environment and transport are working on an ambitious project that aims to pave 1,000 kilometres of road with solar panels, according to the Minister of Ecology and Energy, Ségolène Royal. The project will be called “Positive Energy” and applications for bidding are now open. The Environment Management and…

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The venture capital sector plans to invest more in 2016

12/02/2016 source “El Economista” The experts from the private equity sector agreed yesterday, on a journey to mark the 30th anniversary of Ascri – the sector employer’s organization – that political instability will not greatly alter the investor scenario in our country, so the good situation will continue. In spite of acknowledging that the difficulties…

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Brazilian states promote the construction of the “Transoceanic Railroad”

11/02/2016 source “MacauHub” The governors of the three Brazilian states Mato Grosso, Acre and Rondonia signed at a ceremony held last Monday in Ji-Paraná, Rondonia, a Memorandum of Understanding for the construction of a railway that will link the oceans Atlantic and Pacific. The act was attended by the Chinese ambassador’s in Brazil, Li Jinzhang…

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Galp earned 71% more in 2015

08/02/2016 source “Expansión” Galp, the Portuguese oil company, had in 2015 profits around 639 million Euros, 71% more than the previous year. In 2014, the price of Brent crude oil, the European benchmark, fell nearly 35%, but the Portuguese company achieved these results despite the sharp fall in crude oil prices. Galp increased by 50%…

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IMF considers increasing its prevention funding

04/02/2016 source “América Economía” The director general of the International Monetary Fund (IMF), Christine Lagarde, said that the low prices of oil and other raw materials will remain for some time, therefore the entity considers strengthen and expand several of preventive financial instruments. In a speech at the University of Maryland yesterday, Lagarde called for…

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The development plan of the Sasol group in Mozambique receives approval

03/02/2016 source “MacauHub” The government of Mozambique, met at the Council of Ministers, approved the development plan of the activities of the South African petrochemical group Sasol in the country, according to information released by the group. The agreement, signed as a Production Sharing Contract (PSC) will be implemented in phases, the first of which…

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Gamesa signs a contract with Mexico to supply 95 wind turbines

02/02/2016 source “El Economista” The Spanish company Gamesa announced today the signing of a new contract to supply 95 wind turbines with a total of 200 megawatts (MW) in a park in northern Mexico, in the state of Coahuila. The project is to supply, install and put into motion the wind turbines, which are expected…

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The European Investment Bank will open a regional office in Panama

31/01/2016 source “American Economy” The European Investment Bank (EIB) will open a regional office in Panama (the first in Latin America) during the first half of this year, announced the Ministry of Foreign Affairs (MIRE) of Panama. “We are very proud of this news, because the EIB is one of the most important financial institutions…

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