Friday, December 06, 2019

Business / DT 14-15 / 2005

Karuma group prepares for SN Power to become main shareholder

 
The investor group behind the Karuma hydro power project, NORPAK, has prepared for SN Power to become the majority owner in the project. A letter of intent which would give SN Power at least 51 per cent of the shares in the group was prepared last spring. However, the deal was pending on World Bank support to the project and has not materialised.
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SN Power: cutting ties to suppliers group

 
Øistein Andresen, the CEO of SN Power confirms to Development Today SNPI’s involvement last spring in what he describes as “positive discussions" about entering the project and taking over the EPC group’s shares.
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Record sales for Norwegian emergency relief industry

 
The Norwegian emergency relief industry is experiencing a bumper year. During the first six months of 2005, sales through the so-called NOREPS, a network of Norwegian emergency relief firms, amounted to NOK 228 million. This already exceeds the total export from NOREPS firms during the whole of last year, according to sales statistics obtained by Development Today.
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Tsunami led to sharp increase in direct purchase of relief supplies

 
Because of the tsunami catastrophe last December, the Swedish Rescue Services Agency had to set aside its normal procedure of procuring through competitive tendering. The result has been that 50 per cent of the agency’s total procurement in the past year has involved direct purchases.
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Danish business: expectations in Iraq were unrealistic

 
Peter Bo Andersen at the Confederation of Danish Industries (DI) readily concedes that both his organisation and its members were far too optimistic about the business potential in Iraq in 2003.
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Three-year deadline for untying of Danish food aid

 
Denmark’s general contribution to WFP, which is currently 80 per cent tied to Danish food producers and personnel, will be untied from national firms by 2008. Danish suppliers of bulk foods are not likely to survive in the WFP market as a result of this policy change. But one company, DanÆrt, has developed a niche product that it hopes will keep it in the game.
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Finland, last Nordic to untie food aid

 
With the Danish announcement of a timetable for untying food aid, Finland becomes the only Nordic country with no definite target for phasing out tied food aid.
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Finland encourages local municipalities to enter aid market

 
Finland’s 444 municipal authorities have been invited to apply for funding for partnerships with local authorities in Sub-Saharan Africa.
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