Member Info for CF73

There have a number of buys today at the mid-price either listed as sells or unidentified/'?'s. So we're actually doing rather well so far. Expecting a tick up soon.

Things are indeed quiet. Its seems though that there are buyers always getting in or adding (and some sellers). So there is a solid market here with people interested, taking a look and getting involved. When this takes off, we'll be getting the usual "BOOOOOM's" and "Get strapped in and ready for BLOW OFF" and "Watch out for the Treeshake" and "they're not getting mine for less than ten-bob" and all the rest LOL :D

scoredagainsteps, as always, is great to get confirmation problems being sorted as soon as soon as possible. The last RNS stated that just the one reactor had been shot and the other was still operating. That was to show their confidence in where the problem lay i.e. not with core Velocys tech. So whatever length time it is taking (and while I also want to as soon as possible), we should be confident that it is not related to what is at the centre of making Velocys now so important to this emerging market and sector

Following the last RNS, we know what the general issue is. They will be checking and then returning to the relevant parties (those who made and/or fitted the ancillary tech) and insurers before returning to inform the market. The time taken so far is not unusual. It may seem a long time in the world of the PI but this standard. Will be sorted, I'm confident!

Shows they want the investment! . Going through the link, as an example, I note one of the course trainers/presenters: ----------------------------- Lawyer HENRIQUES, ROCHA & ASSOCIATES Sociedade de Advogados, Lda. Practice Areas Corporate and Commercial, Mining and Extractive Industry, Energy and Natural Resources. Memberships Member of the Mozambican Bar Association. Member of the Portuguese Bar Association. Law Degree Faculty of Law at the Nova University of Lisbon. Languages Portuguese and English. ----------------------------- I see that mining, extraction and energy is an expected specialism for the day :-)

The crazy thing is that an SP of 10p only gives us a market cap of £28million. That's for, as things stand, a $$billion dollar project whose expected annual revenue will be between $250million and $300million.

Just by chance picked up a story about a former top manager at Alstom joining a Ukrainian energy firm. This Ukrainian firm are working with partners such as - wait for it - GE and CMEC. Relevance?? Just shows how GE and CMEC know how to get things done. We'll crack 7p tomorrow.

Important few days and weeks ahead, news imminent and folks starting position themselves for the inevitable. Good luck all!

That a chunky holding Caterham7! Agree that the authorities can deliberate over decisions. However, I genuinely believe that the path to JDA conclusion was paved during the radio silence between Dec 27th 2017 and April 18th 2018. I could be miles off the mark but the time line we have is too precise[-ish] otherwise. Anyway, we have news due soon. Good luck to uz all!

Sensible stuff gods. I think many folk are becoming increasingly confident that this is happening, it's just a matter of certain specifics, not even a question of when as that's pretty much explained by the schedule provided by the company. Good luck to you an all.

CMEC's Zhang noted that in addition to the business in gas power generation, his company's cooperation with GE in Africa also includes wind power, hydropower and other renewable energy projects. "For example," he said, "we have the Kipeto Wind Power Project in Kenya. In this project, GE�s international financing channels and CMEC�s EPC project advantages have made a great, combined contribution to improving the energy supply and benefiting African people." Kipeto is a "Power Africa" project linked to a U.S. government initiative. GE worked with CMEC through a joint development and construction scheme. The project includes a 120-megawatt wind power plant with 60 wind turbines, as well as power transmission and distribution system. Kipeto's success underscores "a brand-new cooperation model for large enterprises between China and the United States, which are working closely to develop a third-party market," Zhang said. Total Solutions GE Power approaches every project and partnership with a "total solutions" perspective. Mastrangelo said the company looks at every market "as integrated across the value chain. So we have one part of the business focusing on any type of fuel source. We want to deliver the highest efficiency solution. And the second part is the power transmission and distribution business. After you generate the power, you have to efficiently deliver it." GE's efficiency platforms "make these two, core platforms as well as industrial applications more efficient," he said. GE Power's solutions are based on various fuels for global customers, including electric power digitalized solutions, highly efficient gas turbine equipment, steam turbines and generating unit equipment, power generation services, solutions to upgrading power plant and data analysis software. With a total solutions approach, Mastrangelo said, "you can go into a factory and put variable-speed technology from power conversion into a factory and reduce their energy use while increasing their efficiency. Or you can use our automation controls and a digital platform to run the power plant with better efficiency, better utilization." "We try to get our assets chosen as the best technology with the best operating cost, and then use other platforms to improve that over time," he continued. "So even if a plant is 15 years old, people running the plant still feel like it's state-of-the-art." And in the environmental protection area, he said, GE works hard to improve gas turbine performance and emissions controls for every kind of fuel. "It's always important to meet all environmental regulations wherever we install a power plant," he said.

GE has been always focusing on building sustainable and innovative long-term partnerships with China�s leading companies to help them win both at home and abroad. GE Power offers a complete portfolio of power solutions in China and is committed to supporting China in its industrial transformation towards cleaner, more efficient and optimized power generation and usage. GE Power is a world leader in power generation with deep domain expertise to help customers deliver electricity from a wide spectrum of fuel source, such as gas power and steam power. Headquartered in Schenectady, New York, GE Power is GE�s largest industrial business, with approximately $27 billion in revenue in 2016 and more than 55,000 employees serving customers in more than 150 countries. Lusch noted that GE Steam Power Systems is keen to address customer demands for flexible, efficient and digital coal plants that deliver the cleanest possible energy. "We have to address three things with coal," he explained. "First, you have to build equipment and plants with the lowest possible emissions. Second, you have to provide very flexible plants. With all of the renewables coming, a big coal plant has to be more flexible. Third, of course, is the cost of electricity. You must be competitive." Power generation will always involve "a mix of fuel sources -- a certain amount of coal, gas and renewables," he further explained, "You need a balance that varies from region to region, country to country. There are a lot of different conditions in different regions. But every region has a certain mix. You have to find the right mix with the best available technology in terms of efficiency and emissions." Thus on every front, Lusch said, GE Steam Power "is working on that. We're always leading in technology, which means more efficiency. For example, we just announced a new generation coal technology for which we signed a new contract in China and another one in Turkey." The Belt and Road initiative has given GE a good opportunity to shine as a company with global footprint in the market. As a leading digital industrial company, GE has business in more than 180 countries and regions worldwide. It is well positioned to work closely with Chinese EPCs to unlock market opportunities in developing countries along the Belt and Road. "We've got strong, local teams everywhere," Mastrangelo said. "So in Africa, we are as much an African company as we are an American company. In China, we can be a Chinese company when we have to be. What makes GE strong is that we share a common value system. We work well together globally. It makes us stronger than our competitors." CMEC's Zhang noted that in addition to the business in gas power generation, his company's cooperation with GE in Africa also includes wind power, hydropower and other renewable energy projects. "For example," he said, &qu

Evolving Partnership A business veteran, Mastrangelo was quick to remark GE Power�s evolving relationship with the Chinese partners. �As Belt and Road takes on its new form for the future, Chinese companies are not only wanting to execute projects globally but wanting to invest in projects globally. So the same EPC partners with which we did projects in China with 25 years ago are now going to co-invest with us in projects.� One good fit is GE's partnership with HEI, which have been working together since1990s. Today, HEI is an all-round GE partner, not only as an EPC service provider but also as a project financier. The evolving relationship "reveals what Chinese EPCs can do," said HEI Chief Marketing Officer Ge Xin. "Nowadays, we can reach out to banks to fund EPC projects. We can be part of the financing solution." Ge cited the Hassyan clean coal power plant project in Dubai as an example of how the GE-HEI relationship has evolved. Hassyan Energy awarded the project's EPC contract to HEI and GE in June 2016. GE will supply boiler, steam turbine generator, and environmental control systems for four, 600-megawatt units. The financing group include banks and financial institutions such as Industrial and Commercial Bank of China, Bank of China, Agricultural Bank of China, China Construction Bank, and the Silk Road Fund. Also involved were First Gulf Bank, Union National Bank, and Standard Chartered Bank. Ge noted Hassyan project team members including HEI were also involved in financing. "We are proud to contribute to the first clean coal project in the region as its investor, financier, EPC, manufacturer and builder," said Ge. "In terms of project management, we are adhering to the highest standards possible, taking the strictest requirements from American, European, German and Japanese standards." Paying close attention to the Dubai environment including marine life has been one way that the Hassyan project's partners have followed through with a pledge to follow the highest standards. "The site is within the parameters of a nature reserve for sea turtles," Ge said. "HEI is working actively in the area of corporate responsibility by protecting the environment. We have transplanted and nurtured 28,000 pieces of coral, moved sea turtles and fish to safer zones, and monitored the living conditions of sea turtles during mating season to ensure their habitat and cycle are kept intact." "With help and support from GE, we are adhering to the strictest project management standards," Ge said. "Now, HEI is one step closer to becoming the best EPC company in the world." With over a century of industrial leadership, GE Power technology delivers over a third of the world�s power.

In an interview with Caixin Global on the forum's sidelines, Mastrangelo said his business and its Chinese partners are benefiting from their cooperative efforts. He oversees global operations for GE�s Gas Power Systems business. The business has the largest delivered fleet of gas turbines in the world with more than 7,400 turbines operating in 112 countries. GE's gas turbine business is poised to grow through the Chinese EPC partnerships, Mastrangelo said. 2x Andreas Lusch, President and CEO of GE Steam Power Systems Lusch, who also spoke with Caixin at the forum, pointed to GE's teamwork with Chinese EPCs as proof of GE�s commitment to Belt and Road. Not only are GE and Chinese EPCs supplying and building power plants together, but they're also cooperating at the investment level to support project development worldwide. It's a partnership he says will yield more results in coming years. GE Power are helping China EPC partners go global by building on the U.S. company's long history in China, Mastrangelo said. "We've built relationships with the same Chinese companies that are now going outside China, going international," he explained. "We have what it takes to do this. We have global knowledge. Our technology brings the best life-cycle cost solutions to the market. And we help make our EPC partners better." A good example, Mastrangelo said, is a new power plant in Pakistan. GE Power worked together with Chinese EPC partner Harbin Electric International (HEI) and successfully have its gas turbines synchronized to the national grid. "This was our first, major HA program outside of the United States," he said. "And it was Harbin's first HA project as an EPC. We were able to do the commissioning in record time, in less than 120 days." Lusch said GE Steam Power Systems is succeeding with Belt and Road projects because, in cooperating with Chinese EPCs to serve the global market, it brings to the table big advantages including a worldwide footprint and leading technology. "GE has an advantage in the global EPC business because we're in every country," he said. "Whether it's in aviation, healthcare or power systems, you'll find GE in every country. This is of course a big advantage. If you want to be global and do business globally as an EPC, you must have a global presence." GE Power and Chinese EPCs are "a perfect fit for our customers globally," Lusch said. "They want a very professional EPC that's competitive with the best available technology. We give it to them. That's why we've been quite successful in working together with EPCs in China."

Great article (posted already by Laxey and others). Shows how GE and CMEC are working together, with plenty successful programmes and projects already! https://www.caixinglobal.com/2017-11-29/joining-hands-for-a-brighter-future-ge-and-chinese-partners-along-the-belt-and-road-101177779.html Joining Hands for A Brighter Future, GE and Chinese Partners Along the Belt and Road Burning lights and better lives are among the clear results of cooperative partnerships between GE Power and Chinese EPCs that are strengthening every day through the Belt and Road initiative. Consider how infrastructure in developing Africa has improved through the efforts of GE Power and China Machinery Engineering Corp. (CMEC), one of China's largest EPCs. GE and CMEC in recent years have helped alleviate the shortage of electricity in Nigeria by working together to develop the Omotosho power station. Four 9E gas turbines supplied by GE were installed in the CMEC-built power plant, which has been feeding the Nigerian power grid since 2012. This and many other GE-Chinese EPCs partnership projects in Africa "have played an important role in promoting local infrastructure construction and improving people's lives," said CMEC Executive Director and President Zhang Chun. And ever since China launched the Belt and Road initiative, GE and its China EPC partners have been exploring expanded opportunities in developing countries as well as growing their businesses. Doors have opened wide in scores of African, Middle East, Europe and Asian countries targeted by the initiative unveiled by China's President Xi Jinping in 2013. Altogether, about US$ 1 trillion has been pledged for the initiative's projects. GE�s Chinese EPC revenues jumped from $0.4 billion in 2010 to $2.3 billion in 2016. It further projects EPC revenues will double by 2020. GE Power�s Steam Power Systems has also been cooperating with Chinese EPCs such as Energy China, CMEC and Harbin Electric International on Belt and Road infrastructure projects. These partnerships have built an impressive portfolio of case studies in countries from Angola to Ghana, Kenya to Equatorial Guinea, Iran to Dubai, Pakistan to Malaysia. Senior leaders such as Joe Mastrangelo, President and CEO of GE Gas Power Systems, and Andreas Lusch, President and CEO of GE Steam Power Systems, are guiding projects now under way or on the drawing board while at the same time building stronger relations with Chinese EPC partners along the Belt and Road. These relations were highlighted by Mastrangelo, Lusch and GE Senior Vice President, GE China President and CEO Rachel Duan at the 2017 �China for the World� Belt and Road Forum Nov. 2 in Beijing. This year's event was the fourth annual forum co-hosted by GE and Caixin Media. It is China�s first private-sector forum focusing on supporting Chinese infrastructure companies going global in Belt and Road markets.

Think we need to understand NCCL's project and what it offers GE and CMEC. There are growing numbers of proposed coal2power projects. These are key to third and developing development. The tird world requires energy as they cannot grow and industrialise without energy, electricity etc. The reason for this is they required first world investment but return third tariffs. So, in order to ensure returns, coal mines and power projects are now being integrated. This way, the some massive key efficiencies and scales of economy that can drive through those margins and deliver returns. All of these GE-CMEC have naturally been helping no end. However, developing these as joint programmes is not easy, massive expertise and resources need to be mobilised. So these developing countries are looking now to these massive conglomerates to make it happen. For GE-CMEC, they are in a unique position to industrialise the developing world. Developing coal2power programmes has not as yet been properly nailed by any single combine entity. So GE and CMEC are in a unique position to develop the expertise in the back if their ability to maneuver debt financing. This is a niche situation. The Belt and Road initiative is a massive strategy, with the likes of CMEC spearheading it and GE having done well to be a preferred partner. They land Ncondezi and the have opportunity not just to make returns out of this project but transfer that expertise globally. They would be untouchable!

gods, if the Mozambiquean authorities are an obstacle, then that's not at all supported by the very recent VAT exemption offered to foreign investment. That tax relief shows how serious the authorities are about making sure these projects happen. Let's go by what we have seen so far -- all of which points to a very positive conclusion :-)

This video is 12mins 15secs long, only need to watch from 10minutes, GE gets a mention in a list of key partners (indeed, ahead of the others), mention of Belt and Road initiative etc. http://africaoilandpower.com/2018/05/15/cmec-global-overview-at-aop-investor-forum/

Otago, have to agree with you. All the hard work has been done, and in my view to the extent that tariff is already agreed, leaving the way to open binding JDA confirmation and financial close. Keep saying it, but this was likely all approved during the radio silence. Interestingly, from the last podcast, a segment of the transcript; "And really this is a major milestone for us because we�ve basically received the information over the course of he last two months, we�ve now been in a position to update the financial model, get a sense of how big it is, what it�s returns look like, and what sort of tariff envelope we need to agree with the Mozambique government in order to receive those returns. Anyway. we received that information just over ten days ago. We�ve been able to turn it around very quickly, internally update our model." So, at the beginning of this passage of the interview, Hanno says they've been receiving the information for two months and working these details into the financial model, only to later 'correct' his self and say that they'd got this information in the last 10 days (I'm guessing the days prior to RNS notification) and had only then inputted everything... Folks can make of it they want.

gods, prior experience tells us these things are complicated but let's go by what we've seen and heard so far - which is all excellent in my on opinion - and not by a perceived state/authority incapacity or corrupted-ness.