The Brazilian state-run utility company had posted USD 528 million in losses in Q3 2018. Revenue was up 9.7% and Ebitda increased by 303%.
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Alfanar is an industrial and construction conglomerate that operates in the power sector in several countries. Arab Chamber executives visited the company’s complex outside Riyadh.
Arab country topped other African countries in the number and value of construction projects in 2018, according to a consulting firm Deloitte report.
The water, technology and sustainability fair will run from October 21 to 23. The Brazilian pavilion can accommodate six companies.
World Bank resources will finance reforms, balance the budget, and boost growth and job creation in the country, which suffers from the high cost of energy and a large inflow of Syrian refugees.
The Zayed Sustainability Prize is awarded by the Abu Dhabi government to projects in five categories: Health, Food, Energy, Water, and Global High Schools.
Brazil’s Ministry of Mines and Energy has created a workgroup to come up with proposals to streamline Brazil’s electric grid.
State-owned company made a profit last year after a net loss of USD 442 million in 2017.
The Brazilian Development Bank will auction off energy distributor in Amazonas.
A plant in the emirate will integrate landfill gas, solar panels and an agro project. UAE-based company Utico will build the USD 100 million venture.
The water and energy exhibition ended this Thursday. The Brazilian pavilion, set up and managed by the Arab Chamber, was praised by the event’s organizers.
Four Brazilian companies are exhibiting their products at WETEX 2018 in a stand set up by the Arab Chamber. The fair began this Tuesday and runs until Thursday.
Power company Companhia Energética de São Paulo (CESP) was sold to the sole bidder at the São Paulo Stock Exchange this Friday (19).
The company’s president said at a conference that there are plans to increase current oil and gas output from 4.8 million bpd to 6.5 million bpd in the next eight years.
