appoints

CMSC appoints Aggreko as power supply contractor for Colluli plant

Dual-listed Danakali has announced that Colluli Mining Share Company (CMSC) has appointed Aggreko as its preferred power supply contractor for a 12 MW heavy fuel oil (HFO) power plant at the Colluli sulphate of potash project in Eritrea.

A 12.36 MW thermal HFO solution was chosen as the most effective option for Module 1.

Aggreko will provide the funding for the power solution, which Danakali says provides certainty over the delivery of this preferred solution.

Aggreko will also provide the full scope of support services for the supply, commissioning and maintenance of the power plant and then transfer it to CMSC.

The costs of the power solution provided by Aggreko over the five-year contract period is lower than those set out in the front-end engineering design study, Danakali points out. 

The agreement with Aggreko is subject to the conclusion of ongoing negotiations to optimise the scope of works, contract pricing and execution; and board approval of the final investment decision.

“We are very pleased to announce the appointment of Aggreko as our single power provider. With 55 years of experience in delivering high-quality, reliable service to a large number of projects we are confident they have the capabilities to provide our power needs for Colluli.

“At the early stages of the project development, the HFO solution will provide us with flexibility and reliability, and as confirmed by the Solar Energy Industries Association, Colluli will have a relatively small impact on the environment.

“Going forward, once project development is in more of a steady state, we will look to diversify our energy sources towards renewables available in the Danakil region, as per our commitment to sustainable and environment-friendly solutions,” says Danakali CEO Niels Wage.

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Home Depot Appoints Edward Decker As New President And COO – Quick Facts

(RTTNews) – Home improvement retailer Home Depot, Inc. (HD) announced Friday that Edward “Ted” Decker has been named president and chief operating officer, effective October 5, 2020. Decker, a 20-year veteran of the company, has served as executive vice president of merchandising since 2014.

In his new role, Decker will assume additional responsibility for global store operations, global supply chain, and outside sales and service.

Ann-Marie Campbell has been named executive vice president of U.S. stores and international operations. The presidents of The Home Depot Canada and The Home Depot Mexico will now report to her. Campbell, a 35-year veteran of The Home Depot, will now lead more than 2,200 stores and 400,000 associates.

Jeff Kinnaird has been promoted to executive vice president of merchandising, reporting to Decker. Most recently, he was president of The Home Depot Canada.

Michael Rowe has been promoted to president of The Home Depot Canada. Rowe was most recently vice president of e-commerce, marketing and contractor services.

Richard McPhail, executive vice president and chief financial officer, will assume the additional responsibility for the company’s corporate strategy and strategic business development. McPhail joined the company in 2005 and was named CFO in 2019.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Steelwork contractor appoints senior director

Severfield, Britain’s biggest construction steelwork contractor, has appointed Alun Griffiths as its senior independent director.

Thursday, 1st October 2020, 7:51 am

Updated Thursday, 1st October 2020, 7:58 am
Severfield recently completed its work on the redevelopment of Lords Cricket Ground

Mr Griffiths is currently chair of Severfield’s remuneration committee and joined the board in 2014.

Kevin Whiteman, chairman of Severfield, said: “I am delighted that Alun Griffiths has agreed to become thesenior independent director at Severfield.

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“Our board and other stakeholders will continue to benefit from Alun’s wide-ranging experience and insight.”

Last month Severfield said it was cautiously optimistic about the 2021 financial year despite the current market uncertainty caused by Covid-19.

The Thirsk-based group said its optimism stemmed from the strength of its order book, an encouraging pipeline of opportunities, a strong balance sheet position, its expertise in managing complex projects and its long-standing client relationships.

The firm told shareholders at its AGM: “We continue to be well-placed to win work in the diverse range of market sectors and geographies in which we operate and across a wide client base, providing us with extra resilience and the ability to increase our market share.”

The board recommended a final dividend for the year to March 31 of 1.8p per share, making a total for the year of 2.9p per share, up from 2.8p last year.

Severfield’s chief executive, Alan Dunsmore, said the dividend payment reflected the board’s confidence in the future.

The firm said its UK and European factories are fully operational, all construction sites are open and underlying operations are performing well.

Severfield recently completed its work on the redevelopment of Lords Cricket Ground (the Compton and Edrich stands) and it is now working on

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