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1.

Kalpataru Power bags Rs 1,145 crore orders for transmission projects

The contracts include two orders of Rs 644 crores for design, supply and construction of 500 Kv and 230 Kv transmission lines in the Commonwealth of Independent States and Africa region, respectively ......

  • India
  • services
  • 03 Oct 2018
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Description The contracts include two orders of Rs 644 crores for design, supply and construction of 500 Kv and 230 Kv transmission lines in the Commonwealth of Independent States and Africa region, respectively New Delhi: Kalpataru Power Transmission Ltd (KPTL), Mumbai-based Engineering, Procurement and Construction (EPC) company, today announced it has bagged fresh orders worth Rs 1,145 crore for setting up electricity transmission and railway infrastructure projects. The contracts include two orders of Rs 644 crores for design, supply and construction of 500 Kilovolt (Kv) and 230 Kv transmission lines in the Commonwealth of Independent States (CIS) and Africa region, respectively and also a composite order for railway infrastructure construction from Rail Vikas Nigam Ltd (RVNL) for Rs 502 crore in a consortium awarded in a joint venture. “The new orders will help KPTL to further strengthen its presence in CIS and African geographies and sets a solid base for growth in our international business. The order in our railway business highlights our commitment to establish KPTL as a leading Railway EPC player,” Managing Director and chief Executive Officer (CEO) Manish Mohnot said. KPTL is present in power transmission & distribution, oil & gas pipeline, railways, infrastructure development, civil contracting and warehousing & logistics segments in multiple geographies including India, Africa, Middle East, CIS, South Asian Association for Regional Cooperation (SAARC) and Far-East.
Industry services
Source https://energy.economictimes.indiatimes.com/news/power/kalpataru-power-bags-rs-1145-crore-orders-for-transmission-projects/65995878
2.

Zorlu Energy plans 50 MW solar project in Kazakhstan

Turkish energy company Zorlu Energy – a division of the Zorlu industrial conglomerate – is planning a 50 MW solar plant in the southernmost part of Kazakhstan. In a filing with the Public Disclosure ......

  • Kazakhstan
  • services
  • 18 Sep 2018
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Description Turkish energy company Zorlu Energy – a division of the Zorlu industrial conglomerate – is planning a 50 MW solar plant in the southernmost part of Kazakhstan. In a filing with the Public Disclosure Platform of Turkey’s Central Securities Depository, the company said it has signed a framework agreement with the nation’s Ministry of Energy and the regional government of the Turkestan district in South Kazakhstan for the project. Zorlu Energy operates three geothermal plants in Turkey with a total 140 MW capacity, two wind farms with a combined capacity of 170 MW, seven hydropower plants amounting to 120 MW and three thermal plants with another 239 MW. A 56.4 MW wind farm is operated by the company in Pakistan. As for its solar business, Zorlu Energy last year signed an agreement to supply First Solar thin-film modules in 26 global markets. The terms of the five-year deal see Zorlu become a major distributor of the thin-film panels in countries including Turkey, Afghanistan, Albania, Bosnia, Bulgaria, Cyprus, Georgia, Kosovo, Macedonia, Pakistan, Romania, Serbia, Turkmenistan and Ukraine as well as in the the Commonwealth of Independent States (CIS), which includes Kazakhstan. At the time, Zorlu agreed to develop PV projects using First Solar modules and the U.S. manufacturer closed its Istanbul office and shifted business development resources in Turkey to Zorlu Solar, a subsidiary of Zorlu Holdings. Zorlu Energy is also developing solar projects in Palestine and is among the bidders for Oman’s recent 500 MW solar tender.
Industry services
Source https://www.pv-magazine.com/2018/09/13/zorlu-energy-plans-50-mw-solar-project-in-kazakhstan/
3.

Airbus Promotes ACJ319 and ACJ350WB At Moscow's JetExpo

Airbus chose JetExpo’2016 at Moscow-Vnukovo Airport to display an ACJ319 operated by MJet and to promote the ACJ350XWB with local customers, says David Velupillai, director for marketing for the Airbu ......

  • Russia
  • Airports & Aviation
  • 15 Oct 2016
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Description Airbus chose JetExpo’2016 at Moscow-Vnukovo Airport to display an ACJ319 operated by MJet and to promote the ACJ350XWB with local customers, says David Velupillai, director for marketing for the Airbus Corporate Jets division. The annual business aviation expo runs from Thursday through Saturday this week.

Out of 180 ACJs in operation worldwide, 15 are either permanently based in the Commonwealth of Independent States (CIS) or owned by local operators and registered elsewhere. While most ACJ customers go for VIP jets on the narrowbody platform, every sixth sale is a widebody. “First, the widebody can take a larger group of travelers onboard. Secondly, it can cover longer distances nonstop,” Velupillai explained.

Out of 30 widebody ACJs flying ‘round the globe, at least two are known to be serving CIS customers. ACJ340-300, registration M-IABU, has been the personal aircraft of Russian business tycoon Alisher Usmanov for about four years. It is a conversion of standard passenger airliner, now configured for 75 travelers and a maximum flight range of 14,500 km (7,825 nm). ACJ340-600, registration 4K-A108, belongs to the government of Azerbaijan and flies with AZAL – Azerbaijan Airlines national carrier – on transportation duties for President Ilham Heydar oghlu Aliyev. Outfitted by Jet Aviation Basel in 2014-2015, it can take 80 travelers nearly 16,000 km (8,634nm) .

Observing that local customers do use widebody jets as personal transports, Airbus is looking to place some new A350XWBs with them. The manufacturer managed only three ACJ deliveries last year. It launched “active promotion” of the ACJ350XWB version back in May, but has yet to secure any orders.

Most ACJ customers make their buying decisions based on: “Does it carry the number of people I want to carry on the range that I want?” according to Velupillai. “For most customers, the ACJ330 can do the job, because Airbus widebodies are inherently very capable aircraft. The A350 gives you a little bit more performance. Besides, it is the latest and greatest. Some customers want to buy the newest, and we expect them to go for the ACJ350.” Today, the number of positions is limited because of the large backlog of orders from commercial airlines, “but it will increase over time.”

He further said the main target audience for the ACJ350XWB is “heads of states and heads of big corporations.” Its cabin, 5.6 meters wide and 2.44 m high, offers 270 square meters of floor space, enough to seat 75 passengers in a high comfort. “Widebodies in VIP roles are mostly used by governments; they have space for invited guests, such as heads of companies and journalists that the government officials sometimes invite to fly with them.”

The A350XWB offers an enhanced pressurization system, enabling a “lower” cabin altitude environment. Some people who have flown in the airplane say they feel better, and that jet-lag feeling is reduced, according to Velupillai. “It is another plus that we can offer with the A350XWB.” The VIP version of the plane has seven zones in the cabin, with the capability to set temperatures and other climate parameters individually in each zone, for instance, a higher temperature in the bedroom and lower at the lunching table. “This is just a concept. We have yet to build and deliver such an aircraft,” said Velupillai.

Airbus pictures the ACJ350XWB as “the most modern widebody VIP aircraft” in the world. Comparing it to the previous generation, Velupillai lists a 25 percent reduction in fuel burn at Mach 0.85 cruise speed and extended range among other advantages of the newer product. When operated out of Moscow, the ACJ350XWB can transport 25 passengers 17,600 km [9,500 nm], reaching as far Wellington, New Zealand or Tierra del Fuego, Argentina without a fuel stop. The ACJ350XWB ULR with advertised range of 20,000 km [10,800 nm] can go even farther than that. “This aircraft can fly non-stop almost anywhere,” Velupillai said.

Composites in the A350XWB make up 53 percent of the airframe and titanium 14 percent. Using these advanced construction materials reduces structural weight and cuts cost on keeping aircraft operational. “The airframe, made largely of carbon-fiber, is less susceptible to fatigue and, therefore, lasts longer. Besides, it requires less maintenance. Checks for cracks are done once in 12 years, compared to six for aluminum airframes. And carbon-fiber does not corrode,” Velupillai said. Airbus prescribes that A350 operators subject their aircraft to checks every 1,200 flight hours; perform base maintenance every 36 months; and heavy maintenance every 12 years.

On the downside, a composite airframe makes life harder for outfitters specializing in VIP cabins. According to Velupillai, normally they drill some 200 holes in the airframe’s structural members to attach interior items. In most instances, making holes in aluminum is acceptable, but the composites are not that tolerant. To make things easier for interior installations, Airbus offers newly delivered A350s with “Easyfit mechanical interface,” which is an option to optimize installation of interior items and provide special interface/connectivity for systems. Conceived around “no drilling concept” via pre-installed interfaces.

Velupillai explains: “In the floor, you have the seat tracks and reinforced floor panels available in the airliner version to attach interior items. The cabin outfitter can use those to attach what he needs. Higher up you have some attachment points, because the airliner version has overhead storage bins – so these points already exist. With Easyfit, what we are talking about is adding some extra attach points in the middle, between the floor and the overhead storage-bin height. It could be something like 200 easy attachment points. We have cooperated with three of the experienced cabin outfitters to prepare this solution. We have worked with LHT [Lufthansa Technik], Jet Aviation and Associated Air Center. These three companies have a lot of experience in doing widebody aircraft. Some of them have also done carbon-fiber aircraft from our competitor. We worked with them to make use of their experience to make sure we will do well for the ACJ350.
Industry Airports & Aviation
Source http://www.ainonline.com/aviation-news/business-aviation/2016-09-08/airbus-promotes-acj319-and-acj350wb-moscows-jetexpo
4.

Mech-Tool Engineering Limited Appoints New Managing Director

Mech-Tool Engineering Limited – based in Teesside and product manufacturers and global suppliers of fire, blast and heat hazard protection solutions – has announced the appointment of David Scott to t ......

  • United Kingdom
  • Appointments
  • 15 Oct 2016
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Description Mech-Tool Engineering Limited – based in Teesside and product manufacturers and global suppliers of fire, blast and heat hazard protection solutions – has announced the appointment of David Scott to the new position of Managing Director.

A seasoned executive, David Scott has more than 20 years’ experience in the energy and gas industry having operated at Director level for some of the world’s largest companies in the sector including global marine company Petroleum Geo-Services (PGS), international geoscience business, CGG, and as Principle Consultant and Senior Project Manager for Foster Wheeler Energy.

He also has extensive international experience across the Middle East, Africa and the Commonwealth of Independent States (CIS) and spent nine years in the Middle East growing one of the largest, privately owned oil and gas companies in Africa – IBS- to a GBP 780 million turnover.

Speaking about his appointment Scott says, “Mech-Tool Engineering Limited is a growing business which is very well positioned for the future. Our industry is without doubt facing some challenges and Mech-Tool started to work on developing its competitive advantage very early. The company is agile, unafraid of assessing and taking on challenges and risk and– as a contractor – is leading the pack in sharing this with operators. We have strong foundations with a solid financial platform, exceptionally good facilities and project teams in locations across the world and we are now seeking to build on our already strong presence in the Middle East and the CIS.”

“Moving forward my focus will be on using my contacts to bolster business in these markets with a strong strategic focus being the Caspian region. At the same time, we will continue to pursue sector opportunities where we also have a competitive edge. This includes alternative energy which we see as being a key growth sector for the future,” adds Scott.

Scott will be based in Mech-Tool’s headquarters in Darlington and will be responsible for overseeing the company’s facilities in multiple locations across the world including its state of the art Korean manufacturing plant. He has a Master’s degree from Imperial College London and an MBA from Heriot-Watt.
Industry Appointments
Source http://www.scandoil.com/moxie-bm2/news/mech-tool-engineering-limited-appoints-new-managin.shtml
5.

Islamic finance gets strong growth momentum in Russia

Russia, the latest entrant into the Islamic finance sector, continues to open new avenues to finance its banks and to provide new instruments for international investors from emerging markets through ......

  • Russia
  • Islamic Finance
  • 15 Oct 2016
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Description Russia, the latest entrant into the Islamic finance sector, continues to open new avenues to finance its banks and to provide new instruments for international investors from emerging markets through Islamic finance. In the latest move, representatives of major banks and a high official of the Russian central bank will partake in the 23rd World Islamic Banking Conference scheduled to take place between December 5 and 7, 2016, in Bahrain’s capital Manama, a conference seen as one of the most important and influential Islamic finance gatherings worldwide.

The reason why Moscow is increasingly opening up to Islamic finance – although just 20mn of its roughly 145mn-population are Muslims – lies mainly within its quest to make up for a shortfall in international finance caused by Western sanctions imposed on Russia which hit its financial industry. In this context, the Islamic finance industry seems to be a good playing field for Russia to recoup its previous economic strength.
That said, it has attracted a lot of attention when it became recently known that three state-linked Russian banks are preparing to launch a number of Islamic financial products later this year in an effort to entice investors from the Gulf and Southeast Asia.

The banks are Vnesheconombank, Sberbank and Tatfondbank which all signed agreements with Saudi Arabia-based Islamic Development Bank (IDB) in order to launch Islamic finance products. For example, Sberbank, the country’s largest bank by assets, seeks to raise between $200mn and $300mn for a client this year via Islamic finance. Vnesheconombank, Russia’s largest development financier, has already funded some halal industry projects in Russia’s Muslim-dominated republic of Ingushetia and aims to raise more funds via Shariah-compliant financing instruments. The bank is also developing initiatives to support projects that promote exports to Muslim countries, according to Vnesheconombank CEO Sergei Gorkov, who noted Russia’s current exports to member states of the Organisation of Islamic Cooperation countries, which have a value of $3bn, could be easily doubled.

“As a developing institution that invests in projects in the real economy, we embrace the philosophy of Islamic finance which is based on asset-backing and refusal of unfounded capital gains. We are working on using Islamic financing instruments to support export-import transactions and fund halal projects,” Gorkov said, adding that Vnesheconombank is considering a pilot deal worth $100mn with IDB.

All three banks will partake in the Islamic banking conference in Bahrain, seeking to build up a network within the international Islamic finance sector and roll out an Islamic finance roadmap in Russia and the Commonwealth of Independent States (CIS), starting with countries in Central Asia. Tatfondbank said it plans to set up correspondent banking links with firms in CIS countries.

“There is now political will for Islamic finance to be developed in Russia. The ice has broken and people now understand that Islamic banking products can be in demand,” Maxim Osintsev, an executive director at Sberbank’s corporate and investment banking division, said.

However, progress of Islamic finance in Russia is highly dependent on the readiness of regulators to pass legislation that would provide a legal framework for Islamic finance, make it cost-effective through tax relief and would facilitate the entire industry. Lawmakers see the main problem in the fact that Russian law prohibits banks from engaging in commercial activities other than banking, such as actively buying and selling certain assets as underlying elements for Shariah-compliant transactions.

In the beginning, a legal framework for Islamic finance in Russia could probably allow just a limited range of assets, for example precious metals or a small number of basic commodities. To establish a wider regulation that allows the full facilitation of Islamic finance in Russia, let alone a special tax regime for the sector, will still take time and will certainly depend on the outcome of the current initiatives and the overall demand in the sector.
Industry Islamic Finance
Source http://www.gulf-times.com/story/510921/Islamic-finance-gets-strong-growth-momentum-in-Rus
6.

Islamic finance gets strong growth momentum in Russia

Russia, the latest entrant into the Islamic finance sector, continues to open new avenues to finance its banks and to provide new instruments for international investors from emerging markets through ......

  • Brunei
  • Islamic Finance
  • 15 Oct 2016
view notice less notice
Description Russia, the latest entrant into the Islamic finance sector, continues to open new avenues to finance its banks and to provide new instruments for international investors from emerging markets through Islamic finance. In the latest move, representatives of major banks and a high official of the Russian central bank will partake in the 23rd World Islamic Banking Conference scheduled to take place between December 5 and 7, 2016, in Bahrain’s capital Manama, a conference seen as one of the most important and influential Islamic finance gatherings worldwide.
The reason why Moscow is increasingly opening up to Islamic finance – although just 20mn of its roughly 145mn-population are Muslims – lies mainly within its quest to make up for a shortfall in international finance caused by Western sanctions imposed on Russia which hit its financial industry. In this context, the Islamic finance industry seems to be a good playing field for Russia to recoup its previous economic strength.
That said, it has attracted a lot of attention when it became recently known that three state-linked Russian banks are preparing to launch a number of Islamic financial products later this year in an effort to entice investors from the Gulf and Southeast Asia.
The banks are Vnesheconombank, Sberbank and Tatfondbank which all signed agreements with Saudi Arabia-based Islamic Development Bank (IDB) in order to launch Islamic finance products. For example, Sberbank, the country’s largest bank by assets, seeks to raise between $200mn and $300mn for a client this year via Islamic finance. Vnesheconombank, Russia’s largest development financier, has already funded some halal industry projects in Russia’s Muslim-dominated republic of Ingushetia and aims to raise more funds via Shariah-compliant financing instruments. The bank is also developing initiatives to support projects that promote exports to Muslim countries, according to Vnesheconombank CEO Sergei Gorkov, who noted Russia’s current exports to member states of the Organisation of Islamic Cooperation countries, which have a value of $3bn, could be easily doubled.
“As a developing institution that invests in projects in the real economy, we embrace the philosophy of Islamic finance which is based on asset-backing and refusal of unfounded capital gains. We are working on using Islamic financing instruments to support export-import transactions and fund halal projects,” Gorkov said, adding that Vnesheconombank is considering a pilot deal worth $100mn with IDB.
All three banks will partake in the Islamic banking conference in Bahrain, seeking to build up a network within the international Islamic finance sector and roll out an Islamic finance roadmap in Russia and the Commonwealth of Independent States (CIS), starting with countries in Central Asia. Tatfondbank said it plans to set up correspondent banking links with firms in CIS countries.
“There is now political will for Islamic finance to be developed in Russia. The ice has broken and people now understand that Islamic banking products can be in demand,” Maxim Osintsev, an executive director at Sberbank’s corporate and investment banking division, said.
However, progress of Islamic finance in Russia is highly dependent on the readiness of regulators to pass legislation that would provide a legal framework for Islamic finance, make it cost-effective through tax relief and would facilitate the entire industry. Lawmakers see the main problem in the fact that Russian law prohibits banks from engaging in commercial activities other than banking, such as actively buying and selling certain assets as underlying elements for Shariah-compliant transactions.
In the beginning, a legal framework for Islamic finance in Russia could probably allow just a limited range of assets, for example precious metals or a small number of basic commodities. To establish a wider regulation that allows the full facilitation of Islamic finance in Russia, let alone a special tax regime for the sector, will still take time and will certainly depend on the outcome of the current initiatives and the overall demand in the sector.
Industry Islamic Finance
Source http://www.gulf-times.com/story/510921/Islamic-finance-gets-strong-growth-momentum-in-Rus
7.

Russian Rosoboronexport to Showcase Over 270 Types of Weapons at Army-2016

Russian state arms exporter Rosoboronexport plans to hold talks with government delegations and representatives of the business community from over 40 countries of Europe, Asia, Latin America, Africa, ......

  • Russia
  • Defence
  • 15 Oct 2016
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Description Russian state arms exporter Rosoboronexport plans to hold talks with government delegations and representatives of the business community from over 40 countries of Europe, Asia, Latin America, Africa, and the Commonwealth of Independent States (CIS) during the Army-2016 forum.

Russian state arms exporter Rosoboronexport will exhibit hundreds of types of weaponry and advanced military equipment manufactured for export at the Army-2016 forum, Rosoboronexport said in a press release Monday.
"Rosoboronexport will bring over 270 pieces of military equipment to the exhibition. We are also going to put into action a new exhibition technology, developed by the company’s specialists, namely a touch screen terminal integrated into a network of demonstration displays, capable of capturing pictures of physical models and providing on-line catalogs. That is how we will demonstrate the T-90 tank, TOR-M2E SAM system, Project 636 submarine, Yak-130 combat trainer aircraft, and Ka-52 scout attack helicopter," the press release read.

Rosoboronexport plans to hold talks with government delegations and representatives of the business community from over 40 countries of Europe, Asia, Latin America, Africa, and the Commonwealth of Independent States (CIS).

The Russian Defense Ministry's Army-2016 forum, which is set to take place on September 6-11 in Kubinka, a western suburb of Moscow, will bring together representatives from the Russian defense industry, research institutes, universities, as well as foreign companies. Over 800 Russian and foreign participants are expected to be involved in some 7,000 exhibitions throughout the week. The forum's participants and guests will attend a number of conferences and roundtables to discuss the future development of military technology.
Industry Defence
Source http://sputniknews.com/military/20160905/1044973644/rosoboronexport-exhibition-army-weapons.html

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