Energi

Azure Power Global Limited Update

Retrieved on: 
Monday, August 29, 2022

NEW DELHI, Aug. 29, 2022 /PRNewswire/ --Azure Power Global Limited (NYSE: AZRE) ("Azure" or the "Company") today announced the appointment of Mr. Rupesh Agarwal as its Acting Chief Executive Officer ("CEO").

Key Points: 
  • NEW DELHI, Aug. 29, 2022 /PRNewswire/ --Azure Power Global Limited (NYSE: AZRE) ("Azure" or the "Company") today announced the appointment of Mr. Rupesh Agarwal as its Acting Chief Executive Officer ("CEO").
  • Wadhwa in relation to the purchase price of their shares in Azure Power India Private Limited.
  • AZURE is a leading independent sustainable energy solutions provider and power producer in India on a mission to create value for all stakeholders through high-performance Renewable Energy assets.
  • Azure also partners with commercial and industrial customers in their decarbonization journey by providing comprehensive solutions for their clean energy needs.

Azure Power Global Limited Update

Retrieved on: 
Monday, August 29, 2022

NEW DELHI, Aug. 29, 2022 /PRNewswire/ --Azure Power Global Limited (NYSE: AZRE) ("Azure" or the "Company") today announced the appointment of Mr. Rupesh Agarwal as its Acting Chief Executive Officer ("CEO").

Key Points: 
  • NEW DELHI, Aug. 29, 2022 /PRNewswire/ --Azure Power Global Limited (NYSE: AZRE) ("Azure" or the "Company") today announced the appointment of Mr. Rupesh Agarwal as its Acting Chief Executive Officer ("CEO").
  • Wadhwa in relation to the purchase price of their shares in Azure Power India Private Limited.
  • AZURE is a leading independent sustainable energy solutions provider and power producer in India on a mission to create value for all stakeholders through high-performance Renewable Energy assets.
  • Azure also partners with commercial and industrial customers in their decarbonization journey by providing comprehensive solutions for their clean energy needs.

Bintai Kinden Posts 152% Rise in Revenue for 1Q

Retrieved on: 
Friday, August 26, 2022

The Company's M&E engineering business contributed RM26.43 million for 1Q FY2023, which is an increase of 203.72% compared with RM8.7 million in 1Q FY2022.

Key Points: 
  • The Company's M&E engineering business contributed RM26.43 million for 1Q FY2023, which is an increase of 203.72% compared with RM8.7 million in 1Q FY2022.
  • Bintai Kinden operates the entire in-campus accommodation for Universiti Melaka as part of a 25-year concession from Kolej Teknologi Islam Melaka Berhad (KTIMB).
  • As of 31 March 2022, KTIMB owes Bintai Kinden an outstanding sum of RM30.18 million from the concession.
  • Azri Azerai, Executive Director of Bintai Kinden said, "We will continue to leverage on our core M&E engineering specialisation to seek opportunities in Malaysia and around the region.

Norsk Hydro: Labor dispute between Industri Energi and Norsk Industri has ended

Retrieved on: 
Wednesday, August 24, 2022

Industri Energi and Norsk Industri have today agreed on a solution to the labor dispute regarding the revision of the Electrochemical Agreement.

Key Points: 
  • Industri Energi and Norsk Industri have today agreed on a solution to the labor dispute regarding the revision of the Electrochemical Agreement.
  • The strike at Hydro Sunndal will be called off with immediate effect.
  • Hydro Sunndal will resume normal operations from tomorrow and shipping of products to customers will resume.
  • Potential delays to customers are expected to be minor.

Labor strike ends at Alcoa’s Mosjøen smelter in Norway

Retrieved on: 
Wednesday, August 24, 2022

A strike action that affected Alcoas Mosjen smelter in Norway will end immediately, now that a solution has been reached on a labor dispute.

Key Points: 
  • A strike action that affected Alcoas Mosjen smelter in Norway will end immediately, now that a solution has been reached on a labor dispute.
  • The strike began on Monday, August 22, 2022, and affected numerous industrial plants representing the Norwegian electrochemical industry.
  • Negotiations were between Industri Energi, which represents workers, and Norsk Industri, which is a federation of Norwegian industries that includes Alcoa.
  • Now that the parties have reached a solution, Mosjen will resume normal operations, including shipping products to customers.

Strike at Alcoa’s Mosjøen smelter in Norway commences

Retrieved on: 
Monday, August 22, 2022

A strike at Alcoas Mosjen smelter in Norway began today, August 22, 2022, after a collective agreement between Industri Energi and Norsk Industri was not reached by the agreed-upon deadline.

Key Points: 
  • A strike at Alcoas Mosjen smelter in Norway began today, August 22, 2022, after a collective agreement between Industri Energi and Norsk Industri was not reached by the agreed-upon deadline.
  • While the labor negotiations cover multiple locations, individual sites included in the strike action have their own Controlled Reduction Agreements.
  • The Mosjen location will now work toward a 20 percent reduction in smelter production by September 19, should the strike last that long.
  • Alcoas Lista plant in Norway is not included in the strike action at this time.

Norsk Hydro: Strike at Hydro Sunndal

Retrieved on: 
Monday, August 22, 2022

The strike at Hydro Sunndal, announced on August 16, has been initiated today.

Key Points: 
  • The strike at Hydro Sunndal, announced on August 16, has been initiated today.
  • The strike will initially lead to a gradual shut-down of 20 percent of production within four weeks.
  • The strike also entails a halt in the shipment of products to customers from Hydro Sunndal for the duration of the strike, which will lead to delays in deliveries.
  • These members will go on strike gradually, as ramping down of production requires considerable work effort from the operators at the aluminium plant.

Norsk Hydro: Hydro Sunndal employees organized in Industri Energi to go on strike

Retrieved on: 
Tuesday, August 16, 2022

Following the mediation between the labor union, Industri Energi, and the employers organization, Norsk Industri, on August 13, 665 employees at Hydro Sunndal, who are organized in Industri Energi will go on strike from Monday, August 22.

Key Points: 
  • Following the mediation between the labor union, Industri Energi, and the employers organization, Norsk Industri, on August 13, 665 employees at Hydro Sunndal, who are organized in Industri Energi will go on strike from Monday, August 22.
  • The mediations between the parties on August 13 resulted in the first Industri Energi members going on strike from Monday, August 15.
  • The strike has now been stepped up as Industri Energi has taken out 655 of its members at Hydro Sunndal.
  • No other of Hydro's plants are affected by the strike at Hydro Sunndal.

Bintai Kinden to Market O&G Equipment in Indonesia

Retrieved on: 
Wednesday, August 10, 2022

PETALING JAYA, Malaysia, Aug 10, 2022 - (ACN Newswire) - Mechanical and electrical (M&E) engineering services specialist Bintai Kinden Corporation Berhad's (Bursa: BINTAI, 6998) sub-subsidiary, Bintai Energy Sdn.

Key Points: 
  • PETALING JAYA, Malaysia, Aug 10, 2022 - (ACN Newswire) - Mechanical and electrical (M&E) engineering services specialist Bintai Kinden Corporation Berhad's (Bursa: BINTAI, 6998) sub-subsidiary, Bintai Energy Sdn.
  • Bhd., has entered into a business collaboration agreement with PT Raintech Indo Energi (PTRIE) in which PTRIE has been appointed to market and promote flanges, fittings, pipes and other oil and gas (O&G) equipment on behalf of Bintai Energy in Indonesia.
  • Bintai Kinden owns a 51% stake in Bintai Energy through Kejuruteraan Bintai Kindenko Sdn Bhd, an M&E engineering services specialist.
  • Ms. Verra Christianty, Director of PTRIE said, "We are happy to collaborate with Bintai Energy to introduce these products to Indonesia.

Azure Power Announces Appointment of Rupesh Agarwal as Chief Strategy & Commercial Officer

Retrieved on: 
Monday, August 1, 2022

NEW DELHI, Aug. 1, 2022 /PRNewswire/ --Azure Power (NYSE: AZRE) ("Azure" or "the Company"), a leading sustainable energy solutions provider and renewable power producer in India, today announced the joining of Mr. Rupesh Agarwal as Chief Strategy & Commercial Officer.

Key Points: 
  • NEW DELHI, Aug. 1, 2022 /PRNewswire/ --Azure Power (NYSE: AZRE) ("Azure" or "the Company"), a leading sustainable energy solutions provider and renewable power producer in India, today announced the joining of Mr. Rupesh Agarwal as Chief Strategy & Commercial Officer.
  • At Azure, Mr. Agarwal will oversee all commercial and strategic functions with focus on building a cohesive growth strategy for the Company.
  • Commenting on the appointment, Harsh Shah, Chief Executive Officer, Azure Power, said, "We are pleased to have Rupesh on board with us at Azure.
  • Rupesh Agarwal, Chief Strategy & Commercial Officer, on his appointment said, "I am delighted to join Team Azure at such an exciting time in India's net zero journey.