KKR & Co LP, one of the largest private equity firms in the world, made a $40 million follow-on equity investment in United Envirotech Ltd, showing great confidence in the huge Chinese water treatment market. KKR is offering S$0.50 ($0.40) for each share of the Singapore-listed recycling and water treatment company, which focuses on the Chinese market. The offer represents an 8.5 percent premium to the ...

South Korean power equipment maker Doosan Heavy Industries & Construction Co. said its Vietnamese unit is shipping its second locally made water desalination plant, one the size of a soccer field, to Saudi Arabia. The three-story, single-piece “plug and play” unit built at Doosan Vina’s complex in Quang Ngai Province in central Vietnam weighs 3,500 tons and when operational will produce about 91 million ...

After Indo-Japanese car major Maruti Suzuki India decided to make Gujarat its next big manufacturing hub in India after Haryana, the ball has been set rolling to develop a country-specific industrial park or cluster near Maruti Suzuki's proposed plant site in Hansalpur. A senior state government official close to the development said, "Around 500 hectares of land has been earmarked for Japan-based companies ...

Making headway on plans to shore up its water supply, Qatar has awarded Mitsubishi Corp. a $260 million contract to build a new desalination plant, officials announced yesterday. With a completion date set for June 2015, the plant, which is being financed by four local banks and managed by Kahramaa, will undergo the expensive process of converting sea water to produce 36 million gallons of fresh water daily ...

Alstom and its consortium partner, Hydrochina Zhongnan Engineering Corp, have signed a contract worth over €90 million with Vietnam Electricity (EVN) to provide the electro- mechanical equipment of the 1,200 MW Lai Chau hydro power plant located on the Da River, in Lai Chau Province. Alstom’s share in the contract is worth over €60 million. The scope of the contract includes the delivery, supervision of ere ...

To study the potential of harnessing wind power, four wind monitoring stations (WMS) will be set up in in Pilibhit, Sitapur, Shahjahanpur and Lakhimpur districts of Uttar Pradesh by the Centre for Wind Energy Technology (C-WET). After a year of analysis by C-WET, power plants based on wind energy will be developed in these areas on public-private partnership (PPP) model. This is the first time efforts are b ...

Two wind power companies were among the biggest gainers on the Hong Kong stock exchange at the end of 2012, after the National Development and Reform Commission (NDRC) approved four wind power projects totalling 57.2 billion yuan (HK$71.1 billion). The NDRC announced it had approved a 24.2 billion yuan wind power project in Jiuquan prefecture, Gansu province. The project comprises eight wind farms, with a t ...

Longyuan Power has achieved 10GW of wind installations, after its Longtan Wind Farm in southwest China's Yunnan province went into operation. The 49.5MW Longtan Wind Farm is based in Qujing city, 2,500 metres above sea level. It comprises 33 high-altitude wind turbines made by Guodian United Power. Xie Changjun, general manager of Longyuan Power, said that though the local wind resources were not that rich ...

Chinese turbine manufacturer Sinovel is coming under increasing pressure at home after its decision to put staff on what it described as "paid vacation. Between 15 November and early December last year, the company indefinitely released 407 workers (14% of staff) on lower rates of pay, causing protests outside its head office. Sinovel described the plan as a "paid vacation", with staff given full salary for ...

Changyuan Group Ltd. announced that based on the 2012 sixth centralized tendering information released by the State Grid Corporation of China (SGCC), three holding subsidiaries under the company won bids for related projects, with the sum of contracts awarded being CNY 98.6328 million. Shenzhen NARI Automation Co., Ltd. wins bid for safeguard supervisory equipment, with contract awarded being CNY 78.2028 mi ...