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ACCIONA to build its first wind farm in Costa Rica at an investment of 90 million euros

Published on Nov. 2, 2011

 
Read ACCIONA to build its first wind farm in Costa Rica at an investment of 90 million euros

The Company won the tender called by the Instituto Costarricense de Energía (ICE), to which the Company will sell the energy produced by the wind farm for a 20-year period.The 49.5 MW wind facility will be made up of 33 ACCIONA Windpower wind turbine generators (1.5 MW each).

ACCIONA Energía has won a tender called by the Instituto Costarricense de Electricidad (ICE) for the purchase of electricity from a 50 MW wind park in Costa Rica. ACCIONA will design, construct and operate the Chiripa wind park (capacity 49.5 MW) following an investment of 125 million US dollars (90 million euros at the current exchange rate). The award enables the Company to incorporate another country ...

Abengoa will develop El Zapotillo aqueduct project in Jalisco and Guanajato for 566 million

Published on Oct. 30, 2011

 
Read Abengoa will develop El Zapotillo aqueduct project in Jalisco and Guanajato for 566 million

Abengoa, the international company that applies innovative technology solutions for sustainable development in the energy and environment sectors, has been selected by Conagua, the Mexican Water Commission, to develop the El Zapotillo aqueduct project. The “El Zapotillo-Los Altos de Jalisco-León (Guanajuato) Aqueduct” project will carry water from the El Zapotillo dam to the city of León and the municipalities of Los Altos de Jalisco and will supply drinking water to nearly 1.5 million people in an efficient, sustainable and secure way.

The total cost of the project, which is one of the most important carried out by Conagua in recent years, is approximately US$ 566 million. National Infrastructure Fund will provide 49% of the investment, while the ...

Vice Prime Minister of the Russian Federation Igor Sechin declared the settlement of the “oil issue” between Russia and China

Published on Oct. 29, 2011

 
Read Vice Prime Minister of the Russian Federation Igor Sechin declared the settlement of the “oil issue” between Russia and China

“We have managed to settle everything. An agreement has been reached. It allows to completely eliminate all bilateral claims – on the one hand, claims about different coefficients, on the other hand – about the payments”, – Igor Sechin commented, while answering to the journalists, whether the parties had succeeded in solving the problems, related to oil deliveries to China.

“A market solution, which reflects the current market parameters, has been found. It hasn’t provoked a conflict, it is a civilized solution”, – noted the Vice Prime Minister of the Russian Federation.

According to his words, “the item is no longer in the agenda”. Giving the answer to the question, when the debt for the deliveries of the Russian oil would be redeemed ...

Gazprom Neft increases the amount of its USD 600 million Club Term Loan Facility to USD 870 million

Published on Oct. 28, 2011

 
Read Gazprom Neft increases the amount of its USD 600 million Club Term Loan Facility to USD 870 million

The Board of Directors of Gazprom Neft has approved an amendment agreement to increase the amount of its USD 600 million Club Term Loan Facility signed in April 2011 to USD 870 million. Original terms of the Facility remain unchanged.

The agreement on the increase was reached with a group of banks in August. The increase was achieved by both the increase of commitments of the existing lenders and by accession of a new lender Nordea. The funds will be used for general corporate purposes.

"The success of raising additional funds on original terms and conditions was determined by both the company's timely reaction to a change in the global financial markets and the support of its relationship banks ...

Zeltia achieves 11 new authorizations for Yondelis in eight countries

Published on Oct. 25, 2011

 
Read Zeltia achieves 11 new authorizations for Yondelis in eight countries

The revolutionary Spanish pharmaceutical company has recieved 11 new authorizations of Yondelis in 8 countries: Bahrain, Belarus, Canada, Egypt, El Salvador, Indonesa, Qatar and Honduras. Yondelis is currenltly approved in 70 countries.

Zeltia submitted to the CNMV (the Spanish SEC), through its subsidiary Pharma Mar, the 11 new authorizations for the commercialization of Yondelis in 8 countries.
 
The company notes that "four of these authorizations are for the treatment of recurrent ovarian cancer in combination with Caelyx and the remaining seven for the treatment of soft tissue sarcoma".

Repsol sells its LPG business in Brazil for 20 million

Published on Oct. 21, 2011

 
Read Repsol sells its LPG business in Brazil for 20 million

Repsol has sold its distribution subsidiary of liquefied petroleum gas (LPG) to the Brazilian company Ultragaz for 20 million euro. 

Repsol Gas Brazil will fall into the hands of Brazil's LPG industry leader, a subsidiary of Brazilian company Ultrapar, in an operation that is part of its "strategy of divesting non-integrated downstream assets in Latin America."
 
Repsol's subsidiary sold 22.000 tons of product to 2.400 customers during 2010. Most are industrial customers in the regions of Sao Paulo and Rio de Janeiro.
 
The oil company explained that the divestment of non-strategic downstream assets in Brazil "ends" with this sale. Repsol "will designate all its investment efforts in the country" in exploration and production activities of Repsol Sinopec Brazil.

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