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Taqa's Moroccan unit set to launch IPOMoroccan power firm Jorf Lasfar Energy Company (JLEC), which is owned by Abu Dhabi National Energy Company (Taqa), has got the go-ahead from Moroccan market watchdog CDVM for a share sale next week to raise 1.5 billion dirham ($176 million), the company said on Tuesday. JLEC runs More… |
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Shell launches record-breaking gas shipRoyal Dutch Shell has launched the biggest thing ever sent to sea – the Prelude Floating Liquefied Natural Gas (FLNG) vessel – on Tuesday, even as plans were already under way for something bigger. With a bow and stern half a kilometre apart, four football pitches wou More… |
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Utico to set up coal-fired plant in NamibiaAbu Dhabi-based Utico Middle East, a leading private service utility and solutions provider, is set to establish a $300 million (Dhs1.1 billion) coal-fired power plant in Namibia's Okakkura Governorate. The project entails the development of a 150MW increased to 300MW power p More… |
