Colombia's government is considering revising rules to make majority state-run energy company Ecopetrol an obligatory partner in every offshore wind project, three people familiar with the matter told Reuters. The Ministry of Mines and Energy will consult businesses interested in taking part in Colombia's first-ever offshore wind auction about the proposal, one of the sources said in recent days, adding that feedback so far has been positive. If approved, the revision would make it 'mandatory for Ecopetrol to take part in each offshore project,' another source told Reuters.
BOGOTA - Colombia's government is considering revising rules to make majority state-run energy company Ecopetrol an obligatory partner in every offshore wind project, three people familiar with the matter told Reuters.
If approved, the revision would make it "mandatory for Ecopetrol to take part in each offshore project," another source told Reuters. Ecopetrol's involvement in offshore wind projects would help shore up energy self sufficiency, another of the sources said. Plans to hold the bidding round to assign maritime blocks for offshore wind farms are running behind.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Brazil's inflation expected to have picked up slightly in August: Reuters pollBy Gabriel Burin (Reuters) - Brazil's inflation picked up slightly in August from July due to the finalization of a one-off discount on energy prices ...
Read more »
Exclusive-SoftBank's Arm eyes pricing IPO at top of range or above-sourcesArm, the chip designer owned by SoftBank Group Corp, is getting close to securing enough investor support to attain the fully diluted valuation of $54.5 billion it was seeking in its initial public offering (IPO) at the top of its indicated range, and is considering asking investors to value it higher, people familiar with the matter said on Sunday. Following strong demand from investors, Arm will likely be able to price the IPO at the top or above its $47-to-$51-per-share range when its underwriters close their books on Wednesday on the biggest U.S. stock market debut in two years, the sources said. Arm is discussing the possibility of raising the price range and seeking a valuation of more than $54.5 billion, in light of the IPO's oversubscription, the sources said.
Read more »
Exclusive-SoftBank's Arm eyes pricing IPO at top of range or above-sourcesBy Echo Wang and Anirban Sen NEW YORK (Reuters) - Arm, the chip designer owned by SoftBank Group Corp, is getting close to securing enough investor ...
Read more »
Exclusive-China's central bank to peruse bulk dollar purchasesBEIJING/SHANGHAI (Reuters) - China's central bank is tightening its scrutiny of bulk dollar purchases by domestic firms, three sources with direct ...
Read more »
Exclusive-China's central bank to scrutinise bulk dollar purchasesBEIJING/SHANGHAI (Reuters) -China's central bank is tightening its scrutiny of bulk dollar purchases by domestic firms, three sources with direct knowledge of the matter said on Monday, at a time when the Chinese currency faces mounting depreciation pressure. Companies that need to purchase $50 million or more will now need approval from the People's Bank of China (PBOC), which convened a meeting with some commercial banks over the weekend on the matter, the sources said. 'The recent yuan depreciation has indeed been too severe, and many now expect the yuan to weaken beyond 7.5 per dollar.'
Read more »
Exclusive-China's central bank to scrutinise bulk dollar purchasesBEIJING/SHANGHAI (Reuters) -China's central bank is tightening its scrutiny of bulk dollar purchases by domestic firms, three sources with direct knowledge ...
Read more »