KUALA LUMPUR, Dec 23 (Bernama) -- Some poets, who have participated in the 5th Chengdu International Poetry Week recently, have had a field trip to Chengdu Research Base of Giant Panda Breeding.
Led by the staff of the research base, the participating poets took photos all the way to learn the name, age and personality of each giant panda. Participating poets have found it very interesting that different giant pandas have different living habits and personalities, although they belong to the same species. As a staff of a large-scale e-commerce company, Wang Erdong has written a series of poems with the ‘courier’ as the leading character. By observing this new profession that emerges in such a modern industrial society, he has expressed his thoughts on the new things brought about by modern industrial production. That was Wang Erdong's first time participating in the International Poetry Week, and it was also his first time visiting the research base. Passing through the lush and verdant bamboo forest in the research base, the participating poets have also fully felt the ecological beauty of Chengdu. This is also an aspect of life in Chengdu, presenting the local unique beauty and poetry. -- BERNAMA
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HVDC Light® will connect low-carbon power from the mainland grid to ADNOC’s production operations as a strategic project to enable a sustainable, flexible and secure power supply.
Zurich, Switzerland, Dec 23 (Bernama-GLOBE NEWSWIRE) -- Hitachi Energy today announced it has won a major order from Samsung C&T Corporation, one of the world’s largest engineering and construction companies, to connect ADNOC’s offshore operations to the onshore power grid in the United Arab Emirates owned and operated by Abu Dhabi National Energy Company PJSC (TAQA). Hitachi Energy’s HVDC Light® technology and MACHTM digital control platform1 will enable the transfer of cleaner and more efficient power from the mainland to power ADNOC’s offshore production operations, enabling a carbon footprint reduction of ADNOC’s offshore operations by more than thirty percent. This innovative solution reinforces Hitachi Energy’s commitment to helping customers and countries to transition towards a carbon-neutral future and help enable the ‘2050 Net-Zero Initiative’ of the UAE. With a capacity of 3,200 megawatts (MW), the two HVDC links will be by far the most powerful power-from-shore solution in the Middle East and North America (MENA) region to date. It is also the first HVDC power-from-shore solution outside Norwegian waters. This innovative solution reflects how Hitachi Energy continues to pioneer technology to address the growing interest from national and independent oil and gas companies to power their offshore production facilities with carbon-free energy from onshore power grids. “We are proud to be enabling Abu Dhabi and ADNOC to make significant progress on their pathway toward achieving the United Arab Emirates’ ambition to be carbon-neutral by 2050,” said Claudio Facchin, CEO of Hitachi Energy. He continued, “At Hitachi Energy we are championing the urgency of the clean energy transition, and this major order is further evidence that we are a ‘go to’ partner for developing and deploying technologies and solutions that are advancing the world’s energy system to be more sustainable, flexible and secure.” Mr. SH Kim, Procurement Manager at Samsung C&T Corporation, commented, “In Hitachi Energy, we have selected a trusted partner who brings deep global competence and a strong mindset of collaboration and innovation.” SH Kim continued, “Together, we will serve ADNOC with pioneering technologies that are proven to deliver for such a large HVDC project.” The entire power-from-shore project will comprise two HVDC power links, which will connect two clusters of offshore oil and gas production facilities to the mainland power grid, a distance of up to 140 kilometers for each cluster. Hitachi Energy is supplying four converter stations, which convert AC power to DC for transmission in the subsea cables, then reconvert it to AC from DC for use in the offshore power systems. The HVDC technology will be supplied from Hitachi Energy’s global competence centers. Also included in the order are system studies, design and engineering, supply, installation supervision and commissioning. Hitachi Energy will support the customers with a long-term life-cycle service agreement leveraging digital technologies to ensure system availability and reliability over the HVDC links’ long operating life. HVDC Light is a voltage source converter technology that was pioneered by Hitachi Energy. It is the preferred technology for many grid applications, including interconnecting national power grids, integrating offshore wind parks with mainland transmission systems, feeding more power into congested city centers, interconnecting asynchronous networks that operate at different frequencies, and power from shore. HVDC Light’s defining features include uniquely compact converter stations (which is extremely important in space-critical applications like offshore wind, offshore production facilities and city-center infeeds), exceptionally low electrical losses, and black-start capability to restore power after a grid outage. Hitachi Energy pioneered commercial HVDC technology almost 70 years ago and has delivered more than half of the world’s HVDC Classic projects and more than 70 percent of the world’s voltage source conversion HVDC projects. Notes: 1. Modular Advanced Control for HVDC (MACH™) 2. The estimated reduction in carbon footprint is based on Hitachi Energy’s own calculations. About Hitachi Energy Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon-neutral future. We are advancing the world’s energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. Headquartered in Switzerland, we employ around 38,000 people in 90 countries and generate business volumes of approximately $10 billion USD. # # # Attachment · Hitachi Energy HVDC Light Valve Hall Rebecca Bleasdale Hitachi Energy Ltd. +41 78643 2613 [email protected] Source: Hitachi Energy Ltd. --BERNAMA
WAUKESHA, Wis., Dec 22 (Bernama-BUSINESS WIRE) -- INNIO Waukesha Gas Engines announced today that it has been selected to receive more than $2.2 million in funding from the U.S. Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E). The funding is part of ARPA-E’s “Reducing Emissions of Methane Every Day of the Year” (REMEDY) program that was unveiled earlier this year. The program aims to reduce emissions in the oil, gas, and coal industries and promote innovation and manufacturing of new technologies to achieve climate goals. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211222005042/en/ In support of the United States’ emissions reduction plans announced at the 2021 United Nations Climate Change Conference (COP26), ARPA-E announced 12 funding awards totaling $35 million to develop and demonstrate technologies aimed at cutting greenhouse gas emissions in the oil, gas, and coal sectors. INNIO Waukesha received funding for its proposed project that is focused on developing a new line of pistons. “The Department of Energy investments in Marquette University and INNIO Waukesha Gas Engines will bolster Wisconsin’s cutting-edge research and technological innovation capabilities to create good paying jobs in the clean energy economy,” said U.S. Senator Tammy Baldwin. “We appreciate the Biden administration’s recognition that Wisconsin is forging our country’s path into the clean energy future and in doing so, providing practical leadership on climate solutions.” “At INNIO, our research and development teams are intently focused on identifying, demonstrating, and delivering viable innovations that will help shape the energy transition. We believe a critical path to a cleaner energy future is providing carbon reducing enhancements for installed assets that will lead to an extended life and investment security,” said Dr. Olaf Berlien, president and CEO of INNIO. “We are pleased that ARPA-E has recognized that our carbon reduction research may yield an impactful carbon reduction approach for both new and installed engines everywhere.” "As a global supplier of energy services, INNIO Waukesha is constantly searching for new and innovative solutions to reduce emission levels and reduce carbon footprints to support our customers and their communities,” said Bud Hittie, president of INNIO Waukesha. “We look forward to aggressively moving forward with our engine research and development to continue delivering technology for a cleaner energy future.” INNIO Waukesha’s REMEDY funding will be spread across two stages of the program over three years. Stage 1 is planned to focus on lab-based tests confirming the operability of technical proposals, approaches, and system component. Stage 2 will expand the scale of testing, and ideally include field tests. The new technology aims to meet the REMEDY goal of 99.5% Methane destruction. About INNIO INNIO is a leading provider of renewable gas and hydrogen-rich solutions and services for power generation and compression at or near the point of use. With our Jenbacher and Waukesha products, INNIO helps to provide communities, industry and the public access to sustainable, reliable and economical power ranging from 200 kW to 10 MW. We also provide life-cycle support and digital solutions to the more than 53,000 delivered gas engines globally, through our service network in more than 100 countries. We deliver innovative technology driven by sustainability, decentralization, and digitalization to help lead the way to a greener future. Headquartered in Jenbach, Austria, the business also has primary operations in Welland, Ontario, Canada, and Waukesha, Wisconsin, U.S. For more information, visit the company's website at www.innio.com. Follow INNIO on Twitter and LinkedIn. View source version on businesswire.com: https://www.businesswire.com/news/home/20211222005042/en/ Contact For more information: Susanne Reichelt INNIO +43 664 80833 2382 [email protected] Source: INNIO mrem.bernama.com/viewsm.php?idm=42023 KUALA LUMPUR, Dec 21 -- TDCX Inc (TDCX or the Company) has announced it has fully repaid the total outstanding principal amount of US$188 million and accrued and unpaid interest and premium, if any, under its term loan credit facility entered into with Credit Suisse AG, Singapore Branch, and completed relevant documentation. (US$1 = 4.223)
“Following our recent successful listing, the repayment of this outstanding debt signifies another step in further strengthening our financial position. This provides us with a strong foundation to continue to drive the growth of TDCX moving forward,” said Chief Financial Officer of TDCX, Chin Tze Neng in a statement. TDCX Inc is a high-growth digital customer experience solutions provider for innovative technology and other blue-chip companies. The Company offers omnichannel CX solutions, sales and digital marketing services and content monitoring and moderation services. TDCX has an international footprint with offices in Singapore, the Philippines, Malaysia, Thailand, China, Japan, Spain, India, Colombia and Romania, and services its clients’ customers globally in more than 20 languages. More details at www.tdcx.com. -- BERNAMA KUALA LUMPUR, Dec 20 -- AM Best comments the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of ‘bbb-’ (Good) of Consumer
Insurance Services Limited (CISL) (New Zealand) remain unchanged following the company’s decision to cancel all existing insurance policies. CISL communicated to its insurance policyholders in recent weeks, informing them of the company’s decision to cancel all remaining card repayment insurance policies, beginning July 1, 2022. In 2019, the company made the decision to cease issuing new insurance policies or renewing insurance policies once they expired. According to a statement, since then, the number of active policies has significantly reduced and the ultimate parent, humm group limited, has determined that providing insurance is no longer part of its core business. CISL is expected to collect its last premium payments from policyholders in May 2022. However, to support policyholders, it will continue to pay eligible claims that occur up to and including Dec 31, 2022. CISL’s insurance licence is expected to be cancelled in early 2023. CISL’s rating fundamentals are currently not expected to be impacted by the aforementioned policy cancellations and the resulting accelerated run-off of its insurance operations. AM Best will continue to monitor the execution of the company’s run-off and consider any impact on the rating fundamentals going forward. The global credit rating agency, headquartered in the United States, has regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com. -- BERNAMA |
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