ThyssenKrupp Industrial Solutions in Egypt is investing €133 million ($156 million) to expand and develop the machinery of Abu Qir Fertilizers, a report said.
The project will start by the beginning of the next year, and the contracts will be concluded soon, Thore Lohmann, country CEO of ThyssenKrupp Egypt was quoted as saying by Daily News Egypt.
Lohmann added that ThyssenKrupp was negotiating with other fertiliser companies to implement expansion and development of equipment, adding that other contracts would be concluded in the first quarter of the next year.
RINA Services has been chosen by Eni East Africa to act as Certification Authority for the design and fabrication of subsea structures and equipment and to provide technological validation services for the company’s Floating Liquefied Natural Gas (FLNG) unit intended for the Coral South Development Project – the first project of its kind in Africa.
The Unit will be one of the only three existing globally and will be installed in the South Part of Area 4 offshore Mozambique in the deep waters of Rovuma basin. The Coral South LNG project, for its size, quality of resources and geographical position is expected to boost Mozambique’s economy
RINA Services, besides being the Certification Authority for the design and fabrication of the riser and flowlines, the umbilicals and the subsea production system, has been contracted by Eni to provide technological validation of those technologies that Eni deems unproven and could represent major criticalities for their implementation.
Falck Renewables SpA said today it is entering the US photovoltaic (PV) power market with a deal to purchase a 99% stake in a 92-MW solar project in North Carolina from Canadian Solar Inc .
Separately, the Italian renewable energy company said on Friday it has closed the acquisition of two ready-to-build wind projects in Sweden with a combined capacity of 115 MW.
Falck has agreed to acquire the IS-42 solar project in North Carolina for USD 42.8 million (EUR 36m), subject to adjustment at closure, which is expected at the end of November.
The acquisition is in line with Falck’s geographical diversification strategy and adds to deals in Norway, the Netherlands and Sweden.
In Sweden, the company has now completed the acquisition of 115 MW of wind projects from the original developer E.on Wind Sweden AB, which will partner with Falck during the construction process and will provide operations and maintenance (O&M) services.
Technology giant GE has been awarded a contract by the Egyptian government to build a 50MW solar power plant in the country. It is GE’s first full turnkey contract to build a solar power plant.
As per the deal, GE will procure the complete plant assets such as solar modules, trackers and cables provide the integrated system solution to the customer and be responsible for the civil, mechanical and electrical works to ensure the successful asset deployment and commissioning of the power plant.
Fas Energy, a key provider of renewable energy solutions for the Middle East and North Africa (Mena) region, has been assigned to build the 50-MW solar power plant for Egyptian Electricity Transmission Company (EETC), including both financing and equipment.