Overseas

18:16 2022.07.04

SEG, Kontiki discover new oil and bitumen fields in Uzbekistan

Sanoat Energetika Guruhi and its partner Kontiki Exploration have discovered an ultra-heavy oil and bitumen field in the Zerafshan sag in Uzbekistan. The new discovery, known as Yangi Uzbekistan, is located in the area between the cities of Samarkand and Navoi and is the largest oil field in Uzbekistan. It is estimated that Yangi Uzbekistan has reserves of about 100 million tons of bituminous oil and is expected to produce up to 1 million tons of bituminous oil per year by 2025. Editor/Xing Wentao

18:16 2022.07.04

Russia will take full control of Sakhalin 2 oil and gas project

Russian state-owned Gazprom will retain its 50% plus 1 stake in the Sakhalin-2 project, while its foreign partners Shell (27.5%), Mitsui (12.5%) and Mitsubishi (10%) are expected to give up their stakes in Sakhalin-2 stake in the project. The economic impact of the ongoing war in Ukraine. Editor/Xing Wentao

18:16 2022.07.04

Freyr plans to build €1.6 billion gigafactory near the Arctic Circle

Norwegian battery maker Freyr plans to build a €1.6 billion Arctic Gigafactory with the help of €400 million in guarantees and loans from Norway's export credit agency Eksfin. Freyr expects the plant to be one of the largest and most efficient in Europe, with 50% lower capital expenditure per GWh of capacity and more than 200% higher output per employee than conventional lithium-ion plants. Editor/Xing Wentao

18:16 2022.07.04

UK businesses plan to invest £13.6bn in electric vehicles by 2022

The poll was conducted with representatives of 200 UK businesses of different sizes and industries responsible for fleets. All companies represented reported a turnover in excess of £1m in the last financial year and operated at least one vehicle. UKPlc's total investment will reach £11.6 billion. That was below the £15.8bn it had been hoping for, as challenges such as the Covid-19 pandemic, chip shortages and rising costs of living created complications. Editor/Xing Wentao

18:15 2022.07.04

Greece aims to add 15GW of installed capacity by 2030

Greece's Ministry of Environment and Energy managed to pass a new law in parliament that covers the licensing of renewable energy and other measures related to the energy crisis. Through the new Renewable Energy Law, the government aims to reduce the average licence period for renewable energy from five years to 14 months. Editor/Xing Wentao

18:15 2022.07.04

Voltalia plans 2GW renewable energy project in Albania

The site of the Kalavasta Solar Park covers an area of ​​196 hectares and is located in the county of Phil in western Albania. With a planned installed capacity of 140 MW, it will currently be the largest PV system in the Western Balkans. Voltalia marks the start of construction of the Karavasta solar power plant near the wetlands and lagoons of the same name in western Albania. The France-based company won the project at an auction held two years ago. Editor/Xing Wentao

18:15 2022.07.04

Network Rail invests £120m to boost electrification of Scottish rail

Network Rail is investing more than £120 million in Scottish Government funding to increase the supply of electricity to the Scottish rail network. Over the next three years, six new feeder stations will be installed across the network and nine stations will be upgraded. This investment will increase the resilience and reliability of Scotland's electric passenger and freight train infrastructure. Editor/Xing Wentao

18:14 2022.07.04

Libya plans to install 500MW photovoltaic system

AlphaDhabi Holdings, an investor headquartered in Abu Dhabi, UAE, recently signed a contract to develop a photovoltaic system with an installed capacity of 500MW in Libya, which is the first phase of its planned 2GW photovoltaic project. And Libya is currently working to get its renewable energy ambitions back on track. Editor/Xing Wentao

18:14 2022.07.04

Zhongqi Holdings' annual production of 25GW monocrystalline siliconwafer project

Recently, Zhongqi Holding Group and Jiangsu Suqian Economic and Technological Development Zone Management Committee held a signing ceremony for the annual production of 25GW monocrystalline silicon wafer project. It is reported that the project is located in the "former Jiangsu Sanding Weaving Co., Ltd." plot in Suqian City, Jiangsu Province, with a total investment of 5 billion yuan, a total land area of ​​430 mu, and a total construction area of ​​290,000 square meters. For other products, the project can achieve annual sales of more than 10 billion yuan and annual tax of more than 100 million yuan. Editor/Xing Wentao

18:13 2022.07.04

Zhongrun 16GW high-efficiency photovoltaic cell project starts construction

On the morning of July 1, 2022, after the start-up mobilization meeting of the third batch of major projects in the province in 2022, Zhongrun New Energy Co., Ltd., one of the third batch of major projects of tens of billions in the city, has a 16GW large-scale high-efficiency photovoltaic cell. The project commencement ceremony was held in Langya Economic Development Zone. Editor/Xing Wentao

18:13 2022.07.04

wpd and Australis to develop 1.4GW offshore project in Australia

wpd Offshore Australia Holdings, part of Germany's wpd group, has formed a joint venture with Australis Energy to develop three offshore wind energy projects off the coast of Australia. The three offshore wind projects have a combined capacity of 1.4GW and will be developed in the coastal waters of Victoria, South Australia and Western Australia. Australis has already started work on these three projects and has completed the first two phases of the project. Editor/Xing Wentao

18:12 2022.07.04

TRSDC signs first $400 million joint venture with Al Mutlaq Group

Red Sea Development Corporation signed a joint venture agreement worth 1.5 billion riyals with Almutlaq Real Estate Investment Co., a subsidiary of AlMutlaq Group. Under the agreement, the two companies will develop Jumeirah Red Sea Resort, a 159-room luxury resort on Shura, the hub island of the Red Sea destination, which is currently under construction and is expected to open in early 2024. Editor/Xing Wentao

18:12 2022.07.04

EU plans to invest 537 million euros in Denmark's Fehmarn Belt Loop project

The EU plans to allocate 537 million euros to Denmark's Fehmarn belt loop in 2027. The Fehmarn Strait is a strait between the German island of Fehmarn and the Danish island of Lolland. Transport Minister Trine Bramsen said the funding underscores the importance of the 17.6km Fehmarnbelt tunnel project, not only for Denmark's road network but for transport networks across Europe. Editor/Xing Wentao

18:11 2022.07.04

Abu Dhabi government to invest $2.72 billion in six transformation programmes

The Abu Dhabi government will invest $2.72 billion in six transformational programs aimed at more than doubling the city's manufacturing sector to $46.83 billion by 2031. The government intends to provide more financing channels, improve the ease of doing business in the emirate, and target more foreign direct investment. The new Abu Dhabi Industrial Strategy, launched by Sheikh Khalid bin Mohammed bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council and Chairman of the Abu Dhabi Executive Office, will consolidate the emirate Status as the most competitive industrial hub in the region. Editor/Xing Wentao

17:33 2022.07.01

Indian solar company SECI tenders to supply 1,680MW of solar modules

Indian solar company SECI has invited bidders to provide 1,680MWDC of solar modules, including Indian-made cells, under the domestic content requirement category. The total capacity is divided into four units of 420 MWDC each. Bidders can bid for a single package of 420 MW DC or two packages of up to 840 MW. Bidders must only provide single crystal or thin film modules. The last day to submit bids is July 29, 2022. Bids will be opened on the same day. Editor/Xing Wentao

17:32 2022.07.01

South Korea's GS invests US$1.9 billion to build desalination plant in Oman

South Korea's GS Engineering & Construction has won a $1.9 billion contract to build, own and operate a desalination plant in Oman. The company's water services subsidiary, GS Inima, will work and operate the plant for 20 years for the Oman Electricity and Water Procurement Company. Editor/Xing Wentao

17:32 2022.07.01

Deep Wind Offshore and EWP to develop offshore wind projects

Norwegian offshore project developer DWO has partnered with South Korean state-owned energy company East West Power to develop South Korean offshore wind projects. Under their partnership, DWO and EWP will focus on developing four floating and bottom-fixed projects offshore from the country's coastline. The total installed capacity of these projects will exceed 4GW. Editor/Xing Wentao

17:32 2022.07.01

PKPPLK to invest 937 million euros in two modern railway lines E30 and E65

At the beginning of 2022, the Polish Railway Infrastructure Manager announced five tenders with an estimated value of 1.28 billion euros for the renovation of the Bedzin Katowice Piotrowice railway, the railway link between the Tychy and Zebrzydowice borders, the Poznan railway bypass and the reconstruction of Swoop sk railway station. In announcing the projects, PLK said they will be implemented under the investment of the EU Financial Perspective Programme 2021-2027. Editor/Xing Wentao

17:31 2022.07.01

Ghana highway project underway

Construction work on a new highway section in Ghana has now begun. The project is a 168km highway that will connect Tatale and Tamale. Funding for the project was provided by the World Bank and the project cost was US$150 million. The project was carried out in two separate phases. One of the contracts is for a 106km section between Tamale and Yendi. Another section is the 62km highway between Yandi and Tatale. Editor/Xing Wentao

17:31 2022.07.01

Saipem wins $1.25 billion onshore and offshore contracts in Middle East

Saipem has secured US$1.25 billion worth of onshore and offshore contracts in the Middle East. The first group deals with the extension of onshore drilling contracts in the Middle East with a total value of approximately US$600 million. The award relates to a ten-year extension of existing contracts for four onshore drilling rigs located in the Middle East. Editor/Xing Wentao

17:30 2022.07.01

Saudi Arabia to launch 93 utility infrastructure projects

Saudi Arabia has announced plans to launch 93 projects, mostly related to the development of the kingdom's utility infrastructure, with an investment of $2.26 billion. The projects are primarily aimed at boosting the region's environment, water and agricultural systems, according to senior government officials. They added that they will be implemented by the Brine Conversion Company, the National Water Company and the National Center for Vegetation Cover and Desertification Control in coordination with the Saudi Deputy Minister of Water. Editor/Xing Wentao

17:30 2022.07.01

UAE and Germany push for clean energy management and development

The UAE and Germany have announced a plan to draft policies governing energy management and development, particularly in the areas of promoting renewable and clean energy, capacity building and youth empowerment in clean energy technologies. Explore ways of cooperation between the two countries. Countries can cooperate in the field of clean energy. The UAE-Germany partnership helps achieve the goals of the clean energy transition and supports both parties' efforts to draft projects and initiatives under the Paris Climate Agreement. Editor/Xing Wentao

17:30 2022.07.01

UAE partners with Siemens and Audi to push electric vehicles

The UAE has joined forces with German engineering giant Siemens and automaker Audi to expand the electric vehicle charging network and promote the adoption of electric vehicles across the country. The agreement comes after the Ministry of Energy and Infrastructure selected Siemens technology for a nationwide network of ultra-fast chargers earlier this month. Editor/Xing Wentao

17:30 2022.07.01

UK grid to spend £20.9bn to achieve net zero emissions

The UK power network operator will have a £20.9bn budget to expand the grid to connect millions of electric vehicles, smart systems and small renewable energy projects over the next five years. The budget will be used for service, maintenance, upgrades and repairs by six UK distribution network companies from April 2023, and has been approved by regulator Ofgem. The plan, which includes tree-cutting, flood protection and other energy security measures, aims to improve the resilience of the UK's 800,000km of overhead and underground transmission lines to deal with more severe weather events in the future. Editor/Xing Wentao

17:29 2022.07.01

Maharashtra Power Issues 1GW Solar Power Tender Announcement

Maharashtra Power Distribution Ltd has issued a new tender to procure 1 GW of solar power through a competitive bidding process. MSEDCL will procure solar power from those projects under Mukhyamantri Saur Krishi VahiniYojana connected to Maharashtra's distribution network. The last date to submit bids is August 1, 2022. Editor/Xing Wentao

17:29 2022.07.01

Turkey discovers oil reserves worth about $1 billion

Turkey discovers oil worth about $1 billion Turkish President Recep Tayyip Erdogan said reserves of high-quality oil worth about $1 billion have been discovered in the country's southern province of Adana. Editor/Xing Wentao

17:28 2022.07.01

Netherlands to build 10 GW national green hydrogen network

Dutch state-owned gas infrastructure specialist Gasunie has announced plans to create a national network system linking the supply and demand of carbon-free hydrogen. The network will have an initial capacity of 10 gigawatts, and its construction will require an investment of around 1.5 billion euros. Editor/Xing Wentao

17:28 2022.07.01

IMF to support Zanzibar's blue economy

The Zanzibar Ministry of Blue Economy stated that the Zanzibar government will continue to vigorously develop the blue economy, and the International Monetary Fund has approved US$567 million for Tanzania through the Post-COVID-19 Recovery Fund, of which about US$100 million will flow to Zanzibar , including about $16 million to be spent on blue economy sectors such as small-scale fisheries, sea cucumber and seaweed farming, and mud crab fattening. At the same time, relevant departments of Zanzibar will carry out in-depth research on the blue economy value chain, protect biodiversity to support Zanzibar's development of the blue economy. Editor/Xing Wentao

17:26 2022.06.30

MENA to add 50GW of utility-scale solar by 2030

The MENA country plans to add 49.5GW of installed utility-scale solar capacity by 2030. With more than 30GW of development or construction projects announced between Oman, Morocco and Kuwait, these jurisdictions will lead the region in utility-scale solar PV this decade. All announced solar and wind projects will add more than five times the current renewable energy capacity in the MENA region, with utility-scale solar capacity currently standing at 7.4GW. In addition, Oman also plans to build a 12.5GW solar photovoltaic project, which will be operational by 2038. Editor/Xing Wentao

17:26 2022.06.30

South African Ports Authority plans to invest$570 million in port infrastructure

South Africa's Transnet National Port Authority plans to invest around $566 million over the next seven years in various infrastructure facilities in East London, Port Elizabeth and Ngula. Ports of Nelson Mandela, Elizabeth and Ngula will receive $299 million in investment, while East London will receive the remaining approximately $268 million. The first investment of around R570 million will take place in the 2022/2023 financial year. TNPA's latest investment plan aims to realign South African port operator Transnet with other key economic sectors. Editor/Xing Wentao