Latest news with #EVN
Al Arabiya
24-06-2025
- Business
- Al Arabiya
Vietnam aims to sign nuclear power plant deal with Russia in August
Vietnam's government said on Tuesday it aims to sign an agreement with its Russian counterpart in August to build the Southeast Asian country's first nuclear power plant. Site clearance for development of the plant in Ninh Thuan province is to be completed by the end of this year, the government said in a statement. The move follows Vietnam's restart of plans to develop nuclear power plants that were suspended nearly a decade ago, as part of its efforts to ramp up its power generation capacity to support its fast-growing economy. The government has previously said it expected the first nuclear power plants with a combined capacity of up to 6.4 gigawatts to be online between 2030 and 2035. The government said on Tuesday it has told the finance ministry, central bank, state energy firm Petrovietnam and utility firm EVN to work with related parties on loans for the project.
Arab News
24-06-2025
- Business
- Arab News
Vietnam aims to sign nuclear power plant deal with Russia in August
HANOI: Vietnam's government said on Tuesday it aims to sign an agreement with its Russian counterpart in August to build the Southeast Asian country's first nuclear power plant. Site clearance for development of the plant in Ninh Thuan province is to be completed by the end of this year, the government said in a statement. The move follows Vietnam's restart of plans to develop nuclear power plants that were suspended nearly a decade ago, as part of its efforts to ramp up its power generation capacity to support its fast-growing economy. The government has previously said it expected the first nuclear power plants with a combined capacity of up to 6.4 gigawatts to be online between 2030 and 2035. The government said on Tuesday it has told the finance ministry, central bank, state energy firm Petrovietnam and utility firm EVN to work with related parties on loans for the project.
Yahoo
19-06-2025
- Business
- Yahoo
STRABAG finalises deal to acquireWTE Wassertechnik
European technology group STRABAG has finalised transaction documents and signed a purchase agreement to acquire WTE Wassertechnik. WTE Wassertechnik is an environmental service provider engaged in planning, financing, construction and operation of projects related to water supply, wastewater disposal, sustainable sewage sludge treatment and energy recovery. This move follows the December 2024 agreement between Strabag and EVN to acquire WTE. The acquisition is set to expand Strabag's water technology capabilities and aligns with its Strategy 2030 objectives. The purchase price for WTE shares totals €100m ($114.9m), with additional shareholder loans being assumed. The acquisition will enhance Strabag's portfolio in integrated water management, with the combined business expected to generate an annual output of €400m. Strabag SE's Supervisory Board has approved the acquisition, which is currently awaiting various regulatory clearances, including antitrust approval. The closing of the transaction is anticipated within the next six months. Strabag engages in planning, design, construction, operation and facility management, and demolition. With 86,000 employees and a network of subsidiaries across Europe and other continents, the company has already made notable progress in water technology this year. Projects include a water treatment plant in Croatia and the preferred bidder status for the Haweswater Aqueduct Resilience Programme in the UK. In a related development, Cologne-based subsidiary Strabag AG has acquired Sandkamp Tiefbau, a German pipeline construction company. This acquisition includes the integration of all 25 Sandkamp Tiefbau employees into the Strabag team in Nordhorn and Gronau. "STRABAG finalises deal to acquireWTE Wassertechnik" was originally created and published by World Construction Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. 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
The Citizen
11-06-2025
- Science
- The Citizen
SA's MeerKAT telescope joins forces with European VLBI Network
This is a new chapter for high-resolution radio astronomy, enabling scientists to study the universe in greater detail than ever before. FILE: Part of the ensemble of dishes forming South Africa's MeerKAT radio telescope is seen in Carnarvon on July 16, 2016. Picture: Mujahid Safodien/ AFP South Africa's MeerKAT telescope has joined forces with the European VLBI Network (EVN), one of the world's most sensitive and advanced very long baseline interferometry (VLBI) systems. Their partnership sets a new standard for global collaboration and significantly enhances both resolution and sensitivity, opening new avenues for scientific exploration and a new era of radio astronomy. Space exploration It is also a new chapter for high-resolution radio astronomy, enabling scientists to study the universe in greater detail than ever before. The collaboration has already delivered impressive results, with EVN researchers capturing enhanced images of energetic plasma jets from the supermassive black hole J0123+3044. This sets the stage for a new wave of scientific breakthroughs in understanding cosmic phenomena. 'Proud moment' Minister of Science, Technology and Innovation Blade Nzimande said the achievement is a proud moment for South African science and a powerful demonstration of what international collaboration can accomplish. 'Integrating MeerKAT into the EVN marks a giant leap for precision radio astronomy and lays vital groundwork for the future Square Kilometre Array (SKA)-VLBI era'. The Joint Institute for VLBI in Europe (JIVE), headquartered in the Netherlands, coordinated the EVN's participation and played a central role in data processing and image development, working closely with the South African Radio Astronomy Observatory's (SARAO) engineering and science teams to ensure the mission's success. ALSO READ: Anyone out there? Astronomers find signs of life on distant planet Universe exploration Reflecting on MeerKAT's remarkable capabilities and its collaborative observations with the EVN, SARAO Managing Director Pontsho Maruping said the telescope has been highly successful in its mission to explore the radio sky with unprecedented detail, capturing images of some of the universe's largest-scale structures. 'At the same time, we strongly emphasise collaborating with other instruments as we continue to develop MeerKAT's scientific capabilities before its eventual integration into the SKA-Mid telescope'. 'Great achievement' Jive Council Chair Jessica Dempsey applauded the 'great' achievement by the SARAO team. 'This collaboration not only showcases the power of international partnerships in radio astronomy but also paves the way for transformative scientific discoveries through cutting-edge technological innovation.' The achievement is not just a technological milestone; it is also a powerful example of global scientific unity, with South Africa proudly at the forefront of the world's expanding window on the universe. ALSO READ: SA takes giant leap with Prime telescope to enhance exoplanet discovery [VIDEO]
Yahoo
03-06-2025
- Business
- Yahoo
Is Schwab Fundamental International Small Company Index ETF (FNDC) a Strong ETF Right Now?
A smart beta exchange traded fund, the Schwab Fundamental International Small Company Index ETF (FNDC) debuted on 08/13/2013, and offers broad exposure to the Foreign Small/Mid Value ETF category of the market. Products that are based on market cap weighted indexes, which are strategies designed to reflect a specific market segment or the market as a whole, have traditionally dominated the ETF industry. A good option for investors who believe in market efficiency, market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns. If you're the kind of investor who would rather try and beat the market through good stock selection, then smart beta funds are your best choice; this fund class is known for tracking non-cap weighted strategies. This kind of index follows this same mindset, as it attempts to pick stocks that have better chances of risk-return performance; non-cap weighted strategies base selection on certain fundamental characteristics, or a mix of such characteristics. While this space offers a number of choices to investors, including simplest equal-weighting, fundamental weighting and volatility/momentum based weighting methodologies, not all these strategies have been able to deliver superior results. Because the fund has amassed over $2.91 billion, this makes it one of the larger ETFs in the Foreign Small/Mid Value ETF. FNDC is managed by Charles Schwab. This particular fund, before fees and expenses, seeks to match the performance of the Russell RAFI Developed ex-U.S. Small Co. Index (Net). The RAFI Fundamental High Liquidity Developed ex US Small Index measures the performance of small non-U.S. developed market companies based on their fundamental size and weight. Since cheaper funds tend to produce better results than more expensive funds, assuming all other factors remain equal, it is important for investors to pay attention to an ETF's expense ratio. With one of the cheaper products in the space, this ETF has annual operating expenses of 0.39%. FNDC's 12-month trailing dividend yield is 3.01%. Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis. When you look at individual holdings, Evolution Mining Ltd (EVN) accounts for about 0.21% of the fund's total assets, followed by Israel Corporation Ltd (ILCO) and Ssc Government Mm Gvmxx (GVMXX). The top 10 holdings account for about 1.34% of total assets under management. So far this year, FNDC has added about 19.16%, and it's up approximately 16.44% in the last one year (as of 06/03/2025). During this past 52-week period, the fund has traded between $32.97 and $40.68. FNDC has a beta of 0.80 and standard deviation of 16.36% for the trailing three-year period, which makes the fund a low risk choice in the space. With about 1748 holdings, it effectively diversifies company-specific risk. Schwab Fundamental International Small Company Index ETF is a reasonable option for investors seeking to outperform the Foreign Small/Mid Value ETF segment of the market. However, there are other ETFs in the space which investors could consider. Dimensional International Small Cap Value ETF (DISV) tracks ---------------------------------------- and the Avantis International Small Cap Value ETF (AVDV) tracks ----------------------------------------. Dimensional International Small Cap Value ETF has $3.06 billion in assets, Avantis International Small Cap Value ETF has $9.19 billion. DISV has an expense ratio of 0.42% and AVDV charges 0.36%. Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Foreign Small/Mid Value ETF. To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Schwab Fundamental International Small Company Index ETF (FNDC): ETF Research Reports Avantis International Small Cap Value ETF (AVDV): ETF Research Reports This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
