Technology and utilizing operational benefits are the key factors enabling the multinational firm to serve dozens of power plants in Vietnam. Vietnam, with annual power demand growth of roughly 10%, requires significant improvements in energy efficiency, emission intensity together with national energy mix restructuring for low-carbon economic growth. Wind farm in Vietnam's Ninh Thuan Province. Photo: GE Renewable Energy To make a transition towards greener economic growth, intensified investment in renewable energy become indispensable as energy intensity over the last decade was the only negative driver resulting in the slowdown of carbon emissions in the country. The broader engagement of GE in green energy in Vietnam has contributed partly to the country’s power transition as the US-based company now generates up to 30% of Vietnam’s power with a GE fleet of nearly 30 gas turbines, servicing over 10 power plants and projects. GE Spokesperson Som … [Read more...] about How GE help decarbonization in Vietnam?
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Goldman Sachs is placing a big bet on the growth of Soho House, one of the world's biggest private members' club networks, with a $770m (£560m) loan as it prepares to go public in New York. Sky News has learnt that Soho House has struck a deal to replace existing debt facilities with Permira Debt Managers (PDM), part of which had been syndicated to the wealthy Reuben family. Sources said the new financing from Goldman's merchant banking arm would repay an existing PDM loan of £406m and provide further growth capital for the London-based hospitality group. The new facility would be over the "long term". Goldman is not currently involved in Soho House's forthcoming initial public offering (IPO) on the New York Stock Exchange, but could be added to a syndicate led by JP Morgan and Morgan Stanley, they suggested. Advertisement News of Goldman's financing comes days after Sky News revealed that Soho House had confidentially submitted an S-1 filing for its … [Read more...] about Goldman places bet on Soho House with £560m loan
Boris Johnson has ordered an independent review into Greensill Capital following the David Cameron lobbying controversy. Top lawyer Nigel Boardman will lead the investigation into the now-collapsed finance firm's activities in government and the role its founder, Lex Greensill, played. The Whitehall review will look at how government contracts were secured by Greensill Capital as well as the actions of Mr Cameron. What is the lobbying scandal and why is David Cameron involved? Confirming a review had now been ordered after weeks of allegations about the links between Mr Greensill, Mr Cameron and government ministers and officials, Mr Johnson's official spokesman told reporters: "As you know, there is significant interest in this matter. "So the prime minister has called for the review to ensure government is completely transparent about such activities and that the public can see for themselves if good value was secured for taxpayers' money. … [Read more...] about Review launched into Greensill Capital following David Cameron lobbying controversy