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DP World, Israeli firm to bid for Haifa port privatization

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DUBAI – Dubai-based port operator DP World said Wednesday it would partner with an Israeli firm in a bid to take over the country's Haifa port, the largest shipping hub for the nation.

DP World said in a statement it signed memorandums of understanding with DoverTower, a company owned by Shlomi Fogel, the co-owner of Israel Shipyards and the Port of Eilat.

The two firms also will explore creating a direct shipping route from Dubai's massive Jebel Ali port to Eilat, the statement said.“DP World’s mission is to enable global trade,” DP World chairman and CEO Sultan Ahmed bin Sulayem said. "Our work to build trade routes between the UAE, Israel and beyond will help our customers to do business in the region more easily and efficiently.” The.

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CEB & India’s NTPC ink agreement to jointly develop Sampur Solar Power Plant
COLOMBO (News 1st); Sri Lanka’s CEB and India’s largest integrated energy company, NTPC signed the agreement for the joint development of the 100 MW Sampur Solar Power Plant yesterday (11).The Indian High Commission stated that the High Commissioner attend the signing of the agreement, along with 4 Ministers including the Finance Minister Basil Rajapaksa and the newly-appointed Minister of Energy, Pavithra Wanniarachchi.In a press release, the Indian High commission noted that during the visit of Minister of Finance Basil Rajapaksa to India last year, both sides had resolved to enhance investments from India in various sectors in Sri Lanka that would contribute to growth and expand employment, and the Sampur Solar Power Project is an important step in this direction.The Ministers attested to the strength of India-Sri Lanka economic partnership for mutual prosperity, including through cooperation in renewable energy, the High Commission added.Moreover, the High Commission noted that cooperation with Sri Lanka in this domain will only become stronger with the implementation of the US$ 100 million Line of Credit offered by India to Sri Lanka for development of solar power projects in Sri Lanka. Similarly, there is significant interest among private sector on both sides for cooperation in renewable energy which is likely to increase in the coming years.High Commissioner was delighted to attend the signing of the JVSHA between @ntpclimited & @CEB_lk today for the joint development of a solar power plant at Sampur.
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