Category Archives: Blog

EDP Renewable earns 75 million Euros until March 2016

04/05/2016 source “Expansión” The company EDP Renewable obtained during the first three months of 2016 a net profit of 75 million Euros, equivalent to an increase of 32% compared to the same period of last year. In a statement sent to the Portuguese Securities Market Commission (CMVM), the company – based in Spain although prized…

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Greenpeace calls for suspension of negotiations of the Free Trade and Investment Agreement (TTIP) between the US and the EU

03/05/2016 source “DN” Greenpeace revealed over two hundred confidential documents relating to negotiations between the United States and the European Union on the Free Trade Agreement and Investment (TTIP). According to the environmental organization, 248 pages refer to the draft of the free trade agreement and “confirm threats to public health, environment and climate”. The…

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The Panamanian financial system will be evaluated

30/04/2016 source “Prensa Latina” The Panamanian government created today a National and International Expert Independent Committee and to evaluate the practices of the financial system, an act that is part of the initiatives to reverse the country’s image after the controversy of “Panama Papers”. The Panamanian president, Juan Carlos Varela, said the country should “continue…

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New railway Tete-Zambezia will be built in Mozambique

27/04/2016 source “Notícias” Seven foreign companies competed for the contract to build a railway with approximately 500 kilometres long that will connect the mining district of Moatize (in Tete province) to the port of Macuse (Zambezia province), according with information disclosed by the entity responsible for implementing the project, Thai Moçambique Logística. According to the…

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Gamesa consolidates its position in India with new wind farm contracts

26/04/2016 source “Expansión” Established as a manufacturer number one in 2015 for the third consecutive year, Gamesa continues to consolidate its presence in the Indian market with the signing of four contracts to supply a total of 198 MW. The “turnkey” projects make the company also responsible for all infrastructure required for the installation and…

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Merkel and Obama said that free EU-US trade would benefit both parties

25/04/2016 source “Financiero” German Chancellor Angela Merkel and the President of United States Barack Obama are in favour of sealing a free trade agreement between the United States and Europe, who consider that it may promote growth on both sides of the Atlantic. “The Transatlantic Agreement on Trade and Investment is one of the best…

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High-speed train will go under the sea in India

21/04/2016 source “Indian Times” The project for the first high-speed train in India is at least different. A seven-hour trip pass to take two is already in itself a very encouraging fact, but passengers will live an extra excitement: for a few kilometres of the route between the Indian cities of Mumbai and Ahmedabad train…

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OHL will expand a highway in Texas for 150 million Euros

20/04/2016 source “Expansión” The Spanish company OHL, through its OHL USA subsidiary, was awarded two contracts for the expansion and improvement of the mobility of the Interstate Highway 35 East, one of the most congested highways in Waxahachie, 80 kilometers south of Dallas, Texas, for 150 million Euros. The most significant contract is valued at…

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Italian ENI plans to invest 20 million Euros in Africa

18/04/2016 source “Jeune Afrique” Italian oil giant ENI, present in fifteen African countries, will invest “around 20 billion euros” on the continent over the next four years, according to the announcement made by its CEO, Claudio Descalzi, during a round table held in the headquarters of the International Energy Agency held in Paris last April…

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The EU will send a trade mission to Argentina

14/04/2016 source “BAE Negocios” Federica Mogherini, the EU High representative for Foreign Policy, announced after meeting yesterday with Argentine Minister of Foreign Affairs, Susana Malcorra, that the EU will have a business promotion mission in Argentina in the second half of this year. The Italian politician said that the European Industry Commissioner, Elzbieta Bienkowska, will…

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Isolux Corsán gets a contract at Delhi Metro for four million Euros

12/04/2016 source “Expansión” It was awarded to the Spanish company Isolux Corsán a project to design, install and start up a ventilation and environmental control system that includes the implementation of the most modern ventilation technology in Metro of Delhi. With a budget estimated at four million Euros, which will be financed by the International…

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II Investment Forum Paraguay-Europe

11/04/2016 source “Prensa Latina” The II Paraguay -Europe Investment Forum will take place today and tomorrow 11th and 12th April in Asunción, Paraguay’s capital, in order to maintain the commitment of the Paraguayan Government to enhance bilateral trade relations. The authorities set its objective to strengthen the Southern Common Market agreements (Mercosur) and boost the…

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NEC Corp. begins construction of the submarine cable of Angola Cables

08/04/2016 source “Angop” The Japanese company NEC Corp. will start the construction of the “Cable System of the South Atlantic” (SACS) the first submarine cable fibre optic connecting Africa to South America, which should become operational in mid-2018. The system will link Luanda, the Angolan capital, to the city of Fortaleza in Brazil, which are…

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Brazil, Chile and Uruguay are the countries that invested more in renewable energy in South America in 2015

07/04/2016 source “America Economia” There are three countries in South America that invested over 1,000 million Dollars in renewable energy: Brazil, Chile and Uruguay. The information is revealed in a report of the Collaborating Centre to the Financing for Climate and Sustainable Energy of UNEP (United Nations Environment Programme), the Frankfurt School and “Bloomberg New…

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Spanish company Iberdrola will build power plant in Mexico

07/04/2016 source “Financiero” The Spanish company Iberdrola announced this week an investment of about 400 million Dollars in the construction and operation of an electricity generation plant in the Mexican state of Sinaloa. The business group said in a statement that the project, located in the municipality of Ahome, will start its production in 2019…

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China State Grid evaluates assets of the Spanish group Abengoa in Brazil

06/04/2016 source “Reuters” Managers of the company China State Grid visited the power transmission projects of Spanish group Abengoa in Brazil to evaluate a possible acquisition of those assets. The Chinese group confirmed the interest in Brazilian assets of Abengoa, but said that until the date was “not presented any formal proposal”. The Spanish group,…

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Oil markets begin to stabilize again in 2016 – 2017

05/04/2016 source “America Economia” The Director General of Abu Dhabi National Oil Company, Sultan Ahmed al-Jaber, said in an interview published by the local press last Monday that the oil prices are expected to start a slowly increase and the markets will return, in principle, to stabilize the supply and the demand during 2016 and…

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Angola LNG sells natural gas to Électricité de France

29/03/2016 source “ANGOP” The companies Angola LNG and EDF Trading, a subsidiary of Électricité de France group (EDF), signed a contract of sale and delivery of liquefied natural gas shipments for the years 2016-2018, according to the statement released by the company in Luanda. This agreement is “an important milestone for the parties” to have…

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Galp will have its first well in Portugal in the summer

21/03/2016 source “DN” Galp will start during the next summer its first oil well in Portugal, in its plant located offshore at 80 kilometres of Sines, Alentejo, according with the information disclosed in London during the presentation to analysts last week of the investment plan of the company by 2020. This well will be exploratory,…

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Indian group hires consultant for thermal power plant in Mozambique

15/03/2016 source “Noticias” The Indian group Jindal Steel and Power plans to hire a consultant to manage the project of a thermal power plant of 150 megawatts, to be constructed near the coal mine in Chirodzi, Tete Province in Mozambique, according to the notice published by the company last week. The plant has a size…

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The President of Mexico announced facilities for new companies

14/03/2016 source “El Universal” The President Enrique Peña Nieto enacted last March 11 the reform of the General Law of Commercial Companies, noting that it will now be easier to start a business in Mexico and reiterating the government’s commitment to support entrepreneurs to create more companies and more jobs. The new system will allow…

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Franco-Angolan consortium awarded a contract for provision of services in Angola

11/03/2016 source “Angop” The consortium Technip Angola Engineering Limited, formed by the French company Technip and the National Society of Angola Fuels (Sonangol), has been awarded a contract to provide engineering services to the company Total E&P Angola for a period of three years. The contract covers the provision of services to the Production, Storage…

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The IMF highlights three ways to boost global growth

08/03/2016 source “El Financiero” The International Monetary Fund (IMF) says that, before the growing concerns about the risks of volatility in financial markets and the fall in commodity prices, it is imperative to focus on three ways to boost the health of the global economy: monetary, fiscal and structural policies. In addition, it requires the…

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Sacyr awarded a project 1,200 million dollars a desalination plant in Oman

08/03/2016 source “El Confidencial” The Spanish construction company Sacyr through Valoriza Agua, its subsidiary for water cycle management, entered the Omani market with the award, through a consortium, of a project for the construction and management of a seawater desalination station in Sohan, in the Batinah coast, according to a press release of the company.…

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The tunnel project to link Denmark and Germany receives Danish approval

07/03/2016 source “Ritzau” The Danish Parliament approved last Friday the construction plan of the tunnel project “Fehmarn Belt” that connect the country with Germany. Despite the delays, the majority of Parliament agreed to continue with this project widely expected. The tunnel, which will be 18 kilometres long, will connect the German island of Fehmarn with…

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Dubai consortium builds hotel complex in Cape Verde

04/03/2016 source “A Semana” A consortium based in Dubai and formed by investors from Austria, Germany, Italy and the United Arab Emirates (UAE), will invest about 70 million Dollars in the construction of a hotel complex on the island of Fogo, in Cape Verde. The five-star hotel complex designated “Aloe Vera Resort & Spa” will…

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Orascom Development plans to invest 500 million Dollars in Senegal

03/03/2016 source “Jeune Afrique” The ODH group, controlled by Samih Sawiris and specializes in hotels and integrated neighborhood development projects, promotes two major real estate projects around Dakar. The first one regards the construction program of 35,000 low cost dwellings (houses and apartments) in 400 hectares granted by the Senegalese state in the continental pole…

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Brazilian market reduces to 7,57% its inflation expectations for 2016

01/03/2016 source “Folha de S. Paulo” The financial market of Brazil reduced its inflation expectations from 7,62% to 7,57% this year, after eight consecutive rises, according to disclose the Central Bank report (BC). Despite the reduction, the forecast keeps above the official target of 4,5. For 2017, the estimation is 6%. Regarding the Gross Domestic…

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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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400 energy companies do not survive to cheap oil, according to BlackRock

29/01/2016 source “Economista” The sector of the oil companies retreated 3,5% this year in Europe, in a difficult conjunction for the sector. About 400 energy companies could not survive due to the fact that oil prices are not high enough to meet debts. The warning was made yesterday, at a meeting with investors, by Laurence…

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Exxon says oil and gas will still dominate energy in 2040

 27/01/2016 source “Gulf News” The way oil giant Exxon Mobil Corporation predicts that the global energy landscape won’t be radically different in 2040 than it is today. However, Exxon officials say their report is a dispassionate forecast, not a political document. In that report, Exxon forecasts that emerging renewable energies, such as solar and wind…

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World Economic Forum puts Mexico at the top of preferences for energy investments

26/01/2016 source “El Economista” “Mexico is high on the list of preferences of investors seeking opportunities in the electricity sector.” The statement is made by Roberto Bocca, Director of Energy Industries of the World Economic Forum, who ensures that “there are many countries that compete, but Mexico draws attention”. Roberto Bocca has extensive experience in…

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Morocco breaks wind energy prices

23/01/2016 source “HuffPost Marroc” Wind is cheaper in Morocco? As part of a panel discussion at the international conference on renewable energy held in Abu Dhabi on Saturday 16 January, the Secretary General of the Ministry of Energy, Abderrahim El Hafidi announced that Morocco would provide wind power with the lowest prices the world, reports…

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Petrobras lost 85,55% of its market value since 2008

21/01/2016 source “América Economia” The Brazilian state oil company Petrobras lost 85,55% of its market value since the middle of 2008 until today. According to the report of the consultancy company Economática, Petrobras – the largest company in Brazil – started to be worth 510,300 million Brazilian Reais BRL (about 126,000 million Dollars) on May…

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Meridiam launches solar project of 41 million Euros in Senegal

19/01/2016 source “Jeune Afrique” The investment company Meridiam and the Senegalese Sovereign Fund (Fonsis) have joined forces to build a 30 megawatt solar power plant in Senegal. At a cost of 27 billion CFA Francs (41.16 million Euros), its commissioning is planned for December 2016. The construction of the solar power plant Santhiou Mékhé will…

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The EIA believes that oil prices may continue to drop

19/01/2016 source “El Economista” The International Energy Agency (IEA) believes that oil prices could fall further due to excess of supply, a situation itself complicated and worsened by the production of Iranian crude oil after the lifting of sanctions and a slowdown in increased demand by the main consumers. According to IEA calculations published today…

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The Asian Infrastructure Investment Bank will grant its first loans this year

17/01/2015 source “Expansión” The Asian Investment Bank Infrastructure (BAII) will start to grant its first loans for projects in Asia before the end of this year, announced today its president, Liqun Jin. “We are consulting with our customers and other multilateral organizations and are preparing projects (…). We are planning to present the first loans…

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Global economic growth is losing push

14/01/2016 source “Prensa Latina” The growth of Gross Domestic Product (GDP) is losing push in emerging and developed economies and the stability is under threat, according to a survey made to experts from all over the world to prepare the report that will be discussed at the World Economic Forum in Davos. Other considerations refer…

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ECLAC calls to use foreign investment to revitalize economies

13/01/2015 source “SudAméricaHoy” The Economic Commission for Latin America and the Caribbean (ECLAC) highlighted the opportunity the countries of the region have to make the most of foreign investment to revitalize their economies, expanding their gross domestic product and reducing the impact on the environment. Under a forum of the Foreign Investment Committee of Chile,…

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ENI group starts operating new oil well in Angola

12/01/2016 source “MacauHub” The Italian group ENI said, in a statement released last Friday, that started to extract oil from Mpungi field in the block 15/06 in deep waters of Angola, located at 350 kilometres northwest of Luanda and 130 kilometres west of Soyo, and that intends to continue to carry out the exploration activities…

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The Itaipú hydroelectric ranks first in power generation

10/01/2016 source “Prensa Latina” The central Brazilian-Paraguayan Itaipú hydropower ranked the first in the world in 2015 in power generation, surpassing the “Three Gorges” of China. Located in a stretch of the Paraná River, which separates Brazil and Paraguay, the plant produced 89,2 million megawatt-hours (MWh), 2,5% than the plant Three Gorges, revealed the binational…

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Shell gets key support in its plan to acquire Britain’s BG Group

08/01/2016 source “America Economia” The investment adviser Institutional Shareholder Services (ISS) has recommended investors to vote in favor of the acquisition of British BG Group by Royal Dutch Shell, for the amount of 51,000 million Dollars, saying that the fall in oil markets did not draw value to the strategic benefits of the offer. This…

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Wind power in Portugal exceeds electricity consumption

  30/12/2015 source “Macau Hub” The wind power in Portugal reached last Tuesday December 29 a new peak of 4210 megawatts, having first exceeded the national electricity consumption, according to the managing company of the Portuguese electricity grid Redes Energéticas Nacionais (REN). REN also reported that the new production peak was reached at 02:15, surpassing…

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The ACS Group closes 2015 being the world’s largest infrastructure company

23/12/2015 source “OK Diario” The budgetary adjustments in the field of public works forced the Spanish infrastructure companies to go outside to look for markets in order to counter the effects caused by the national sector crisis. The geographical diversification of construction companies before the crisis allowed them to successfully avoid the storm, although it…

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Economic projections of ECLAC for 2016 on Latin American economy

18/12/2015 source “American Economy” Impacted by a complex international scenario, the economies of Latin America and the Caribbean will grow just 0,2% next year, according to the annual Preliminary Overview of the Economies of Latin America and the Caribbean 2016 by ECLAC (the regional body of the United Nations). In the uncertainty about the world…

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Kitan oilfield in East Timor reached its end

16/12/2015 source “MacauHub” The oilfield Kitan, one of the projects of the Joint Petroleum Development Area (JPDA) in the Timor Sea, reached the end of its useful life, said a source from the Italian oil group ENI, the operator of the field. After producing about 60 million barrels, the well ended “faster than was expected”,…

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International Energy Agency predicts excess of oil until 2016

11/12/2015 source “American Economy” The International Energy Agency (IEA) said that world markets will be oversupplied by the end of 2016 due to the decrease of the demand and the increase of the delivery by the Organization of Petroleum Exporting Countries (OPEC). According to the predictions of the entity, the situation, which is already complex,…

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Sonangol granted the oil rights for 4900 square kilometres

11/12/2015 source “Macau Hub” The Angolan government has granted to the Sociedade Nacional de Combustíveis de Angola (Sonangol) rights on development operations and production of hydrocarbons in a deep water area with 4900 square kilometres. The decree grants the state-owned Sonangol the rights to develop and produce hydrocarbons in an area of ​​88.8 square kilometres…

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Gamesa to build a park in Mexico to supply power to two Volkswagen plants

11/12/2015 source “El Economista” Gamesa signed a “turnkey” contract with the promoters Mexico Power Group and First Reserve for the construction of the La Bufa Park, located in central Mexico (Zacatecas state), according to information released today by the company. The park will have a total installed capacity of 130 megawatts (MW) and the energy…

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South Korea seeks cooperation in energy industry with Brazil and Peru

08/12/2015 source “American Economy” South Korea seeks to strength the cooperation in energy industry sector with Brazil and Peru to expand its economic presence in Latin America, reported today the country’s government. The Ministry of Commerce, Industry and Energy announced that an official delegation will start this week a visit to these two South American…

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Portugal puts 11 million Dollars available to SMEs in Mozambique

07/12/2015 source “Macau Hub” Small and medium Mozambican companies have at their disposal a fund of 11 million Dollars (with an interest rate of about 11%, after being applied the bonus), said last Friday in Maputo the General- Director of the Institute for Small and Medium Enterprises Promotion (IPEME), Claire Zimba. This fund is the…

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Sweden supports Mozambique with 500 million Dollars in 5 years

04/12/2015 source “Lusa” Sweden will disburse 500 million Dollars to support development projects in Mozambique over the next five years, announced yesterday in Maputo the Ambassador of Sweden in Mozambique, Irina Schoulgin Nyoni. The amount includes direct support to Mozambique’s State Budget and will support projects related to sustainable development, the environment, the democracy and…

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Angola: juridical and legal framework facilitates private investment

01/12/2015 source “Angop”   The Angolan minister of Industry, Bernarda Martins, called on potential investors to join the Angolan government’s efforts to diversify the national economy through private investment, stating that the current legal framework in the country facilitates private investment, especially in the agribusiness area.   The minister was speaking in Vienna at the…

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Mozambique and South Africa joined by new pipeline

  01/12/2015 source “MacauHub” The South African petrochemical group Sasol and the governments of South Africa and Mozambique will invest 120 million Dollars to build a new pipeline, with entry into operation scheduled for 2017. The announcement was made by the company Republic of Mozambique Pipeline Investment Company – ROMPCO, which is a partnership between…

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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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