SPOILER ALERT!
Americas: Cambodia's rice husk generator to power up towns
Cambodia's rice miller and also exporter Angkor Kasekam Roongroeung Carbon monoxide Ltd will start operating its $6 million rice husk-powered electrical energy generator next month.
According to the firm, it would offer the excess electricity from its 2.5 megawatt generator to surrounding villagers.
"We hope that the electricity machine will not only supply us power for rice processing, however we will certainly likewise be able to supply electric power to the villagers around below," the business stated.
About 30,000 tonnes of rice had actually been exported up until now this year yet "when we get the brand-new power, we will certainly raise our rice efficiency for export to 70,000 tonnes next year".
"We will certainly take this chance to refine even more rice for export in an effort to aid our rice producers make even more earnings," the Declaration included.
AKR already has an international rice processing machine in Ang Snoul district, Kandal district, where it processes rice for export to varied markets including Italy, Germany, the UK, Australia, and also Hong Kong.
The company stated it would use 1.5 MW to refine the rice, however will certainly offer the various other 1MW to villagers in the location at 900 riel per kilowatt. Generally citizens would pay 1,100 riel per KW from the national grid.
AKR, which can refine irochemical of rice daily, began constructing the brand-new source of power in 2009. It spent as much as $6 million in the building of the land as well as the plant it was built on.
In September, Golden Rice Cambodia stated it was in the initial stage of building a $2 million rice-husk power plant to provide electricity to mills in Kampong Speu district's Oudong area.
Cambodia's Energy's Division of Industry, claimed that the rice husk-powered electricity devices aided boost the Kingdom's efficiency because it was more affordable to run such modern technology compared with alternate source of power.
The brand-new power source would see the firm greater than double its export capacity.
According to the firm, it would offer the excess electricity from its 2.5 megawatt generator to surrounding villagers.
"We hope that the electricity machine will not only supply us power for rice processing, however we will certainly likewise be able to supply electric power to the villagers around below," the business stated.
About 30,000 tonnes of rice had actually been exported up until now this year yet "when we get the brand-new power, we will certainly raise our rice efficiency for export to 70,000 tonnes next year".
"We will certainly take this chance to refine even more rice for export in an effort to aid our rice producers make even more earnings," the Declaration included.
AKR already has an international rice processing machine in Ang Snoul district, Kandal district, where it processes rice for export to varied markets including Italy, Germany, the UK, Australia, and also Hong Kong.
The company stated it would use 1.5 MW to refine the rice, however will certainly offer the various other 1MW to villagers in the location at 900 riel per kilowatt. Generally citizens would pay 1,100 riel per KW from the national grid.
AKR, which can refine irochemical of rice daily, began constructing the brand-new source of power in 2009. It spent as much as $6 million in the building of the land as well as the plant it was built on.
In September, Golden Rice Cambodia stated it was in the initial stage of building a $2 million rice-husk power plant to provide electricity to mills in Kampong Speu district's Oudong area.
Cambodia's Energy's Division of Industry, claimed that the rice husk-powered electricity devices aided boost the Kingdom's efficiency because it was more affordable to run such modern technology compared with alternate source of power.
The brand-new power source would see the firm greater than double its export capacity.
Europe: Lukoil may buy back continuing to be 6.6% risk from Conoco by end 2011
click here 's Lukoil retains the right to buy back the remaining 6.6% in the business held by US company ConocoPhillips after working out an option to purchase a stake of virtually 5% over the weekend break, a spokesperson for the Russian oil business said Monday.
"There is no deadline for the decision to redeem the remaining stake," he included.
Conoco anticipates to market the remaining shares that it holds in Lukoil "by the end of following year and also it can supply them to Lukoil," the representative said.
Lukoil said Sunday that, in addition to a capitalist group headed by UniCredit Bank, it had exercised an option to purchase 42.5 numerous its own ordinary shares from ConocoPhillips. The Russian company added Monday that the size of the stake it had actually bought back came to almost 5% for a complete factor to consider of $2.38 billion.
"We've gotten a 4.99% risk [from Conoco] for $56 per share," a spokesperson with Lukoil stated.
Prior to the most recent action, Conoco held an 11.61% risk in the Russian oil producer after offering a 7.6% stake back to the firm in mid-August for $3.44 billion.
The stake held by international shareholders in Lukoil continues to be over 50%.
"International investors currently hold over 50% of free-flowed stakes in Lukoil," the spokesperson said.
Investment company Renaissance Funding claimed Monday in a study note that the result was far better than the business's current support, which had been to decrease to work out the alternative. It was also far better than market assumptions.
The option for Lukoil to redeem the 11.61% stake from Conoco was set to end Sunday.
"There is no deadline for the decision to redeem the remaining stake," he included.
Conoco anticipates to market the remaining shares that it holds in Lukoil "by the end of following year and also it can supply them to Lukoil," the representative said.
Lukoil said Sunday that, in addition to a capitalist group headed by UniCredit Bank, it had exercised an option to purchase 42.5 numerous its own ordinary shares from ConocoPhillips. The Russian company added Monday that the size of the stake it had actually bought back came to almost 5% for a complete factor to consider of $2.38 billion.
"We've gotten a 4.99% risk [from Conoco] for $56 per share," a spokesperson with Lukoil stated.
Prior to the most recent action, Conoco held an 11.61% risk in the Russian oil producer after offering a 7.6% stake back to the firm in mid-August for $3.44 billion.
The stake held by international shareholders in Lukoil continues to be over 50%.
"International investors currently hold over 50% of free-flowed stakes in Lukoil," the spokesperson said.
Investment company Renaissance Funding claimed Monday in a study note that the result was far better than the business's current support, which had been to decrease to work out the alternative. It was also far better than market assumptions.
The option for Lukoil to redeem the 11.61% stake from Conoco was set to end Sunday.
