Mauritius Seeks Floating Power Plant Supply to Avoid Blackouts
The power barge should have a capacity of between 90 and 110 megawatts, according to a request for proposal issued by the state-owned Central Electricity Board on June 18. The process will close on Aug. 15.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
an hour ago
- Bloomberg
Baker Hughes Says 230 Drilling Rigs Are Working in Saudi Arabia
There are more than 230 drilling rigs across Saudi Arabia, Baker Hughes said. 'Baker Hughes has established that as of today, more than 230 rigs are working across operations in Saudi Arabia,' the Houston-based company said in a statement on its website Sunday. 'The operations related to drilling rigs, including production testing, non-rotational rigs, completions or workovers rigs, rigs under mobilization, have not historically been reflected in worldwide rig counts,' Baker Hughes added.
Yahoo
4 hours ago
- Yahoo
Ameresco Earnings: What To Look For From AMRC
Energy and renewable energy projects company Ameresco (NYSE:AMRC) will be reporting results this Monday after market hours. Here's what to look for. Ameresco beat analysts' revenue expectations by 14.9% last quarter, reporting revenues of $352.8 million, up 18.2% year on year. It was an exceptional quarter for the company, with a solid beat of analysts' EPS estimates and an impressive beat of analysts' EBITDA estimates. Is Ameresco a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Ameresco's revenue to decline 4.6% year on year to $417.8 million, a reversal from the 33.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.07 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Ameresco has missed Wall Street's revenue estimates twice over the last two years. Looking at Ameresco's peers in the construction and engineering segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Quanta delivered year-on-year revenue growth of 21.1%, beating analysts' expectations by 3.5%, and Comfort Systems reported revenues up 20.1%, topping estimates by 10.6%. Quanta traded down 4% following the results while Comfort Systems was up 22.3%. Read our full analysis of Quanta's results here and Comfort Systems's results here. Investors in the construction and engineering segment have had steady hands going into earnings, with share prices flat over the last month. Ameresco is down 3% during the same time and is heading into earnings with an average analyst price target of $22.11 (compared to the current share price of $15.59). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
Yahoo
4 hours ago
- Yahoo
UN Lays Out Survival Plan as Trump Threatens to Slash Funding
(Bloomberg) -- Secretary General Antonio Guterres is slashing more than $700 million in spending and laying plans to overhaul the United Nations as its largest sponsor, the US, pulls back support. We Should All Be Biking Along the Beach Seeking Relief From Heat and Smog, Cities Follow the Wind Chicago Curbs Hiring, Travel to Tackle $1 Billion Budget Hole NYC Mayor Adams Gives Bally's Bronx Casino Plan a Second Chance Boston's Dumpsters Overflow as Trash-Strike Summer Drags On Guterres's plan calls for 20% cuts in expenditures and employment, which would bring its budget, now $3.7 billion, to the lowest since 2018. About 3,000 jobs would be cut. Officially, the reform program is pegged to the UN's 80th anniversary, not the new US administration. But the scale of the reductions reflects the threat to US support, which traditionally accounts for 22% of the organization's budget. President Donald Trump has suspended that funding and pulled out of several UN bodies already, with a broader review expected to lead to further cuts. 'We're not going to be part of organizations that pursue policies that hamper the United States,' Deputy State Department spokesman Tommy Pigott told reporters Thursday. The planned cuts at the UN come as the Trump administration has eliminated tens of billions of dollars in foreign aid as part of its drive to focus on what it sees as US interests. Conflicts from the Mideast to Ukraine and Africa have added to the need for global assistance. After years of financial struggles, the UN under Guterres already was planning to make sweeping structural changes. He warned in January it was facing 'a full-blown liquidity crisis.' Overall, spending across the UN system is expected to fall to the lowest level in about a decade - down as much as $20 billion from its high in 2023. 'UN 80 is in large part a reaction from the Secretary General to the kind of challenges posed by the second Trump administration,' said Eugene Chen, senior fellow at New York University's Center on International Cooperation. Guterres is expected to release details of his overhaul plans in a budget in September. The plan calls for restructuring many of its programs. Guterres controls the UN's regular budget, which is only a fraction of the total expenditures of its affiliates. Facing funding shortages of their own, agencies like UNICEF and UNESCO are also planning major cutbacks. The Trump administration already has stopped funds from going into the UN Relief and Works Agency for Palestine Refugees in the Near East, withdrawn from the UN Human Rights Council and left UNESCO. Guterres' plan has also drawn criticism, both from Trump allies and inside the UN. 'There are some things that the UN does that arguably should be increased in terms of resources,' said Brett Schaefer, a senior fellow at the conservative American Enterprise Institute. 'And then there are some things that the UN shouldn't be decreasing but eliminating altogether.' He cited the UN's nuclear watchdog and the World Food Program as contributing significantly to US interests and singled out the Food and Agriculture Organization and Human Rights Council as having mandates at odds with American policy. Meanwhile, UN staff in Geneva announced last week they passed a motion of no confidence in Guterres and the plan. 'Staff felt its slash and burn approach lacked focus, had no strategic purpose, and was making the UN more top-heavy and bloated,' Ian Richards, president of the UN Staff Union in Geneva, posted on LinkedIn about the UN 80 report. That vote has largely symbolic importance, according to NYU's Chen. Still, Guterres' efforts to get ahead of the inevitable cuts that reductions in US support will bring could help the UN adapt, he added. 'Maybe that's a silver lining,' Chen said. 'We'll all be primed for reform.' --With assistance from Eric Martin. How Podcast-Obsessed Tech Investors Made a New Media Industry Everyone Loves to Hate Wind Power. Scotland Found a Way to Make It Pay Off Russia Builds a New Web Around Kremlin's Handpicked Super App Cage-Free Eggs Are Booming in the US, Despite Cost and Trump's Efforts What's Really Behind Those Rosy GDP Numbers? ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
