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EU Commission approves 1 mln euro aid scheme for Romanias Timisoara airport

BUCHAREST (Romania), August 6 (SeeNews) - The European Commission said on Tuesday it has approved Romanias 1 million euro ($1.17 million) scheme aimed at supporting Traian Vuia International Airport in Timisoara mitigate the impact of the coronavirus pandemic. The measure aims to compensate for financial losses suffered by the airport due to restrictions imposed by authorities in order to curb the spread of the coronavirus disease (Covid-19), the Commission said in a press release. Starting March 16, airlines operating at Timisoara airport had to gradually reduce the number of scheduled flights until the complete suspension of flight operations on March 25. As a result, the airport suffered significant operating losses by the time it could resume operations in mid-June, when some of the restrictions on air travel were lifted, the Commission said. At the end of July, the Commission said that it has approved a 1 million euro Romanian scheme to support airlines starting or resuming operations at Oradea airport in the context of the coronavirus pandemic. Romania

Mozambique’s Area 1 LNG Project scores $400m investment

Multilateral trade finance institution, the African Export-Import Bank (Afreximbank), is supporting the advancement of Mozambique’s energy industry and economy by committing up to $400 million in guarantees and direct lending to the Area 1 LNG Project. The total project is estimated to cost about $24 billion and is set to be the largest private foreign direct investments in Africa, and one of the largest LNG projects in the world. It will play a key role in Mozambique’s economic growth and support the wider region. The Mozambique Area 1 LNG project is an integrated LNG development that will initially comprise two LNG liquefaction trains – each capable of processing 6.44 million metric tonnes a year. Read more about: LNG Mozambique The initial development is expected to produce more than sixteen trillion cubic feet of gas and ninety-three million barrels of condensate over the 30-year development and production period. A key focus is for the project to be developed in an environmentally and socially sustainable manner and that it operates responsibly, protecting the environment, as well as the health and safety of the public, employees and contractors. Investment into the region will create jobs, increase the standard of living and is expected to drive long-term sustainable economic growth for the country and the region. Promoting intra-African trade The $400 million commitment to the project is in line with Afreximbank’s strategy of promoting intra-African trade as well as industrialization and export development. The guarantee is done jointly with Export Credit Insurance Corporation of South Africa SOC. Limited (ECIC) which has enabled significant African contribution to the overall financing of the Project. This joint collaboration is offered under the South Africa-Africa Trade and Investment Promotion Programme (SATIPP), launched in 2018, to promote and expand trade and investments between South Africa and the rest of Africa. Read the Ed’s note: Less aid, more trade clears the way to boost Africa’s economic growth In line with the bank’s strategy of using partnerships to promote trade and investments in Africa, Afreximbank is once again deploying its ECA-Plus guarantee, offered under the Afreximbank Guarantee Programme (AFGAP), to support this project. The ECA-Plus Guarantee, facilitates collaboration between Mozambique

The Government will launch three calls for projects this summer to decarbonize industry

18% of greenhouse gas (GHG) emissions in France originate from industrial activities. Decarbonizing industry is a condition for achieving the climate objectives that France has set for itself. The National Low Carbon Strategy (SNBC) sets out the efforts that the different sectors of the economy will have to make to achieve these objectives. In the case of industry, this translates into an 81% reduction in emissions by 2050 compared to 2015. Decarbonization is also a performance lever for French industry in the medium term by allowing it to differentiate itself through a controlled carbon footprint, by reducing its exposure to fluctuations in fossil inputs and by enabling it to be ahead of the climate challenge. . This is why, in the context of the recovery plan, the Government will put in place ambitious and proactive support for the decarbonization of industry of € 200 million available from 2020, and which is intended to be continued in 2021 and 2022. The main lines of implementation of this support, the terms of which will be specified before the end of the summer, are detailed in the appendix. France

Indian Oil Tenders for 600 kW Solar Project in Haryana With Net-Metering

Indian Oil has tendered for the EPC work on 600 kW solar power projects at the company’s LPG bottling plant in Karnal, Haryana with Net-Metering facility. The Indian Oil Corporation (IOCL) has issued a tender, inviting bids from eligible bidders to take up the Engineering, Procurement and Construction (EPC) work on setting up of 600 kW grid-tied solar power projects at the company’s LPG bottling plant in Karnal, Haryana with Net-Metering facility. The scope of work for the selected bidders will include the EPC of the 600 kWp grid-connected captive solar PV (SPV) plant (500 kWp ground-mounted and 100 kWp on the rooftop) with net- metering facility on a turnkey basis. The developers will also be required to provide comprehensive operation & maintenance (O&M) of the solar plants for a period of one year from the date of successful project commissioning. Beyond which, the developers will be employed O&M service providers for the solar plants for a further period of 4 years from the date of completion of work in the first part of the contract. The last date for bid submission is August 21, 2020, and the techno-commercial bids will be opened on August 22, 2020. A pre-bid meeting has been scheduled for August 11, 2020, to address the concerns raised by the prospective bidders. All bidders are required to submit an Earnest Money Deposit of Rs 2.99 lakh along with their bids. India