Showing posts with label POWER GENERATION. Show all posts
Showing posts with label POWER GENERATION. Show all posts

Saturday, April 13, 2013

EX-IM BANK SIGNS $5 BILLION DEAL WITH DUBI ECONOMIC COUNCIL

Photo:  Dubai From Space.  Credit:  NASA.
FROM:  EXPORT IMPORT BANK
Ex-Im Bank and Dubai Economic Council Sign $5 Billion Agreement

Washington, D.C. – Fred P. Hochberg, chairman and president of the Export-Import Bank of the United States (Ex-Im Bank), and Hani Rashid Al Hamli, secretary general of the Dubai Economic Council (DEC), inked a $5 billion memorandum of understanding (MOU) Thursday at Ex-Im Bank's 38th Annual Conference here.

"The MOU underscores our continued cooperation with our partners in Dubai and helps ensure that American exporters are not disadvantaged by foreign companies relying upon state-driven capital," said Chairman Hochberg. "The more orders American exporters fill in Dubai, the more American jobs we can support."

According to the agreement, "DEC and Ex-Im Bank anticipate that as much as $5 billion in export-credit support may be approved to finance DEC’s members’ and customers’ procurement of U.S. goods and services for a variety of Dubai infrastructure projects."

Potential areas of cooperation include, but are not limited to, air-traffic control and airport infrastructure; railway, urban-metro, and port-development projects; power generation; oil, gas, and petrochemical projects; and water-treatment projects.

In FY 2012, Ex-Im Bank approved approximately $3.32 billion in U.A.E. authorizations.

Saturday, January 19, 2013

EPA FINALIZES CHANGES IN CLEAN AIR STANDARDS FOR STATIONARY ENGINES

FROM: U.S. ENVIRONMENTAL PROTECTION AGENCY
EPA Finalizes Revisions to Clean Air Standards for Stationary Engines

Updated rule provides extensive public health protections, slashes costs of compliance

WASHINGTON – Today, in compliance with settlement agreements, the U.S. Environmental Protection Agency (EPA) finalized revisions to standards to reduce air pollution from stationary engines that generate electricity and power equipment at industrial, agricultural, oil and gas production, power generation and other facilities.

The final revised rule announced today will reduce the capital and annual costs of the original 2010 rules by $287 million and $139 million, respectively, while reducing harmful pollutants, including 2,800 tons per year (tpy) of hazardous air pollutants; 36,000 tpy of carbon monoxide; 2,800 tpy of particulate matter; 9,600 tpy of nitrogen oxides, and 36,000 tpy of volatile organic compounds.

Pollution emitted from the engines can cause cancer and other serious health effects including: aggravation of respiratory and cardiovascular disease; premature deaths in people with heart or lung disease; neurological, cardiovascular, liver, kidney health effects; and effects on immune and reproductive systems.

EPA estimates annual health benefits of the updated standards to be worth $830 million to $2.1 billion.

The final amendments to the 2010 "National Emission Standards for Hazardous Air Pollutants for Reciprocating Internal Combustion Engines (RICE)" reflect new technical information submitted by stakeholders after the 2010 standards were issued. The updates will ensure that the standards are cost-effective, achievable, and protective, while continuing to provide significant emission reductions.


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