Galp Energia reached the goal outlined in 2012, namely, the commissioning of the 585 sub-systems installed at the Sines refinery, integrated in the hydrocracking complex, and that began in the third quarter of 2012, as well as several tests that preceded the start of the commercial production phase.

(SeeNews Renewables) – Jan 18, 2013 – Dupont Apollo, a unit of US chemicals group Dupont (NYSE:DD), has supplied amorphous silicon thin-film photovoltaic (PV) modules capable of producing 510 kWp to Brazilian power company CPFL Energia (SAO:CPFE3), local energy news provider Canal Energia reported yesterday.

Through its financial advisors, Imi and Deutsche Bank, Finmeccanica sent a letter to the Italian alliance led by the Cassa Depositi e Prestiti’s (CDP’s) state investment company Fondo Strategico Italiano (FSI), specifying they have time until 23 January to file a binding offer for a 100% takeover of the energy company.

The FSI has a statute which prevents it obtaining a stake greater than 30% in a firm, with the other companies in the alliance less enthusiastic about undertaking such a heavy financial commitment at short notice.

It is important to highlight the strict quality control systems implemented throughout the project which, mainly in the commissioning phase, were essential for the success of the start-up of the operations and for the achievement of the highest levels of safety.

The refineries upgrade project, which involved a total investment of 1.4 billion, aimed at increasing the production of diesel mainly over fuel oil, in line with market demand and to increase the profitability of Galp Energia’s refining system. Galp Energia has now a more complex, more efficient and more flexible refining system, which will allow the Company to improve the refining margins, already from the first quarter of 2013.

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