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PREMIUMNorwegian company to build $70m solar plant in touristy Labuhan Bajo

first_imgOslo-based multinational Scatec Solar plans to build a 70 megawatt (MW) solar photovoltaic (PV) plant in Labuan Bajo, a famous tourist destination in East Nusa Tenggara (NTT).The $70 million plants are five times bigger than Indonesia’s current largest solar PV plant, the 15MW Likupang solar farm in North Sulawesi. A developer plans to begin developing the 100 hectare Labuan Bajo farm later this year and starts its operation by 2022, a year before the province is slated to host a G20 summit.”In Asia, our biggest operating country is Malaysia. Next in development is Vietnam and Indonesia,” Scatec’s Southeast Asia representative Jeevaneswaran “Jeevan” Ramoo told The Jakarta Post on Monday (9/3).Scatec is among several renewable companies investing in the renewable energy industry of Southeast Asia’s largest economy that attracted $1.5 billi… Indonesia energy solar-power-plant Scatec labuan-bajo East-Nusa-Tenggara PLN tourists Topics : Linkedin Facebook Google Forgot Password ? Log in with your social account LOG INDon’t have an account? Register herelast_img read more

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Pontus Lindwall – ‘No Cost Saving Plan’ for Betsson’s 2018 recovery

first_imgShare GiG lauds its ‘B2B makeover’ delivering Q2 growth August 11, 2020 Share Presenting Betsson AB’s Q4 2017 quarterly update, Group Chief Executive Pontus Lindwall is upbeat with regards to his firm’s 2018 outlook, despite recent setbacks.Lindwall the former Betsson AB Group Chairman, who last September retook leadership of the Stockholm-listed enterprise, following the departure of Ulrik Bengtsson as CEO, outlines the group’s ‘restructuring plan’.Closing a turbulent 2017, in which Betsson has faced increased operational costs and higher betting duties, combined with the impacts of tougher market regulations and negative currency fluctuations, Lindwall and Betsson’s executive team are fully aware of 2018’s challenge.In his presentation, Lindwall hits back at the highly publicised news of Betsson’s ‘cost saving’ restructure, which has seen the company reduce its global headcount by 160 staff members.“This is not a cost-saving program. Instead, we are looking to restructure group efficiencies. This requires less corporate layers and clearer responsibilities within the organisation” states Lindwall to investors.Detailing immediate initiatives, Lindwall states that Betsson will scale back its UK facing operations for the short-term. Lindwall states that this action is not a retreat from the saturated UK betting market. Instead, Betsson will take a ‘back-to-basics’ approach to its underlining UK strategy.Moving forward, Betsson will continue to focus on its product verticals, with the multi-market operator launching new casino and sportsbook enhancements in 2018.As an industry leader, Lindwall emphasises the importance of social responsibility and customer care as more markets’ become regulated. This factor sees Lindwall look forward to Betsson’s home market of Sweden becoming a regulated online gambling market in 2019, in which Betsson will have a strategic advantage over numerous competitors.Despite presenting a glum 2017 report, Lindwall outlines that Betsson underlying corporate KPIs throughout the group’s brands remains amongst the strongest in the industry.Finally, having further strengthened its sportsbook foundations in 2017, which reported a strong Q4 2017 revenue and earnings performance, Betsson seeks to reap the rewards for Russia 2018 trading. Related Articles Submit Kindred marks fastest route to ‘normal trading’ as it delivers H1 growth July 24, 2020 Betsson outrides pandemic challenges as regulatory dramas loom July 21, 2020 StumbleUponlast_img read more

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Nedim Buza and Adin Vrabac Enter NBA Draft

first_imgYoung players of the Basketball club Spars, Nedim Buza and Adin Vrabac will participate in the NBA draft. This was confirmed by the director of the club Nermin Selimović.Several web pages in the USA have already published the information, and journalist Jonathan Givony, who works for the Draft Express, have classified Nedim Buza on the list of 100 young talents with the most potential. Buza is in 61st place.“Buza and Vrabac will play with all NBA scouts in the camp in Treviso, Italy on 6 June. The mere fact that they are going to Treviso will be the ideal chance for them to present themselves. When they arrive to Trevisio, after some time, it will be evident which club will eventually take the players”, said Nermin Selimović, the director of Spars.He emphasized that players until 22 years of age will participate in the camp.The NBA draft is scheduled for 26th June this year.(Source: Klix)last_img read more

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