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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 ...

Iberdrola issues bonds for 600 million euro

Published on Oct. 17, 2011

 
Read Iberdrola issues bonds for 600 million euro

Iberdrola has placed a €600 million issue of 4-year eurobonds maturing in January 2016. With this issue, the company reopens the private debt market with this bond issue. Its strong international presence and improving conditions after the extreme volatility that emerged during the summer have facilitated the operation.

The issue has been placed between 300 investors of more than 15 countries and has had strong demand, equivalent to 4.500 million euro. Of the total takeup, 85% was from abroad.
 

Coupon was set at 4.75%, in line with all Group bond issues over the past two years which have been below 5%. Lead arrangers were BBVA, Deutsche Bank, Goldman Sachs International, ING Bank NV, Merrill Lynch International and Mizuho ...

RusHydro announces construction completition of the onshore spillway of Sayano-Shushenskaya HPP

Published on Oct. 13, 2011

 
Read RusHydro announces construction completition of the onshore spillway of Sayano-Shushenskaya HPP

A delegation led by Russia's Deputy Prime Minister, Igor Sechin, visited the facility to make an inspection and sign the certificate of readiness. The delegation was accompanied by Evgeny Dod, Chairman of the Management Board of RusHydro, and Victor Zimin, Governor of Khakassia, as well as representatives of energy companies, design and construction companies. The guests inspected the facilities of the spillway and witnessed the operation of the whole structure in full capacity.

Commissioning of spillway was preceded by pre-operational tests of the facility, which took place from September 28 till October 1, 2011. The tests included step-by-step opening of segmental gates at the inlet crown until fully opened (9.5 meters), enabling water passing through the structural elements ...

Solaria signs strategic agreement to expand activity in Asia

Published on Sept. 29, 2011

 
Read Solaria signs strategic agreement to expand activity in Asia

Solaria Energía y Medio Ambiente, S.A., the only solar company listed in the Spanish Stock Exchange, has signed up an agreement with the chinese company Dongfang Electric Corporation (DEC). Through this agreement both companies establish the baselines for commercial cooperation and development in Asia. Also, Solaria obtained a purchasing Cerdit Line of USD 30 million from DEC to purchase solar cells and other turnkey projects components. In addition, both companies, DEC and Solaria, will co-invest worldwide with a target pipeline of 100 MW per year.

This agreement shows the commitment of the company for the internationalization of its services and products. The entry into the chinese market, one of the current strategic core growth markets,  is a very ...

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