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1 week ago

e-finance in cooperation with Visa, MasterCard to issue 5m smartcards

Chairman of e-finance Ibrahim Sarhan
(DNE photo/ Omar Al-Qorashi)

The financial institutions operation company e-finance aims to achieve revenues worth EGP 500m in 2017. The companys priority is expanding in northern and central African markets to implement its expansion plan in the region so as to open its resources of US dollar income.

CEO Ibrahim Sarhan told Daily News Egypt that the production capacity of the companys affiliated centre is 60m smartcards per year.

What are the

5 months ago

Australia fluffed chance to be Asian finance hub, says KPMG - The Australian Financial Review

"The progress has been slow," said Emilio Gonzalez, the chief executive of global asset manager BT Investment Management. "The progress has been slow," said Emilio Gonzalez, the chief executive of global asset manager BT Investment Management. "The progress has been slow," said Emilio Gonzalez, the chief e

8 months ago

257 MW Texas Wind Power Project Arranges Financing - CleanTechnica

Clean Power invenergy Published on April 6th, 2016 | by Jake Richardson

April 6th, 2016 by Jake Richardson

Invenergy Wind has arranged construction financing for its 257 MWWake Wind Energy Center project located in Texas, about 50 miles east of Lubbock.Were pleased to have reached financial close for our Wake Wind project in Texas, the nations topstate for installed wind.Wake Wind adds to our growing portfolio in Texas, bringing our total wind generation tonearly 2,000 MW in the state, explainedJim Murphy, CFOand COO atInvenergy.

invenergy150 GE 1.715 MW wind turbines will be used at the site, and the wind farm is expected to begin commercial operations in the third quarter of this year.

About 200 jobs will be created during the construction phase and another dozenwill be required when the wind facility begins to operate.Dickens, Crosby and Floyd counties are where the turbines will be installedand each county willreceive annual payments. Lease payments will be made to individual land holders as well.

Two contractors are participating in the construction phase: Blattner Energy andEPC Services. Blattner is taking care of the mechanical and civil aspects andthe transmission line. EPC is responsible for the electrical substation.

Invenergy has already signed a PPA for 125 MW with Owens Corning todeliverelectricity to the manufacturer.

Invenergy also completed financing for a separate Texas farm in 2016. The GunsightWind Energy Center site is in Howard County, Texas, and it is expected to have a capacityof 120 MW. It will also use GE turbines.

Invenergy Wind has developed over 5,539 MW of wind power projectsin North America and Europe. It has also developed many solar, natural gas and energy storage projects. The companys home office is located in Chicago.

Its great to see a very large American wind power farm being developed by an American company which also chose to purchase and install American wind turbinesespecially for a project located in a state very well-known for fossil fuels. Texas has plenty of natural wind power resourcesand solar powerso it very well may become a renewable energy leader some day. In fact, it is already doing well in wind power; about 40% of the whole states electricity was generated by it for a brief period.

Image Credit:Leaflet,Creative Commons Attribution-Share Alike 3.0 Unported license

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Tags: Invenergy, Texas


About the Author

Jake Richardson Hello, I have been writing online for some time, and enjoy the outdoors. If you like, you can follow me on Google Plus.



1 year ago

Manage Your Finances With These Helpful Tips

You need to actively be involved with and manage your personal finances. Being financially responsible is an important life skill. The tips in this article will allow you to gain control of your finances, decide on a personal financial goal, and use your money wisely.

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1 year ago

Take A Minute To Get Personal Finance Information

Managing your personal finances can be frustrating and stressful, no matter what your income or resources may be. Learning how to manage your finances properly can help to ease some of this stress. You are about to be given advice that you can use to make your life a more enjoyable one.

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Set up internet banking and online bill pay. Having your accounts and your bills online is a quick and easy way to see what you have paid and what you still need to pay, all in one quick and e