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SembM Re-Born Rich
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Eagle88
Supreme |
30-Mar-2023 14:29
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https://finance.yahoo.com/news/two-ge-led-consortiums-agreement-061500670.html CHEONG LIAO !!!
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rlong8288
Master |
30-Mar-2023 14:29
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Hope is not right issue or placement
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soonsoonhuat
Veteran |
30-Mar-2023 14:27
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Paris, FRANCE - March 30, 2023 - GE Renewable Energy&rsquo s Grid Solutions business (NYSE: GE) announced today that it has been awarded three High-Voltage Direct Current (HVDC)contracts for a total of approximately 6 billion euros as part of a specially formed consortium with Sembcorp Marine for TenneT&rsquo s innovative 2GW Program in the Netherlands. The contracts have been awarded as part of a five-year Framework Cooperation Agreement with the possibility to extend for another three years. Furthermore, TenneT and a consortium formed by GE and McDermott have entered into an agreement based on which TenneT plans to award two further HVDC contracts in Germany for a total of approximately 4 billion euros to this consortium in April 2023. The five contracts for the GE consortia are among 11 two-gigawatt (GW) contracts awarded to HVDC suppliers by the Dutch-German Transmission Systems Operator (TSO) as part of its goal to connect 40 GW of offshore wind farms to the high voltage grids in the Netherlands and Germany. TenneT&rsquo s large-scale project resulted from the Esbjerg Declaration in May 2022 at the North Sea Energy Summit, where Germany, the Netherlands, Denmark, and Belgium agreed to jointly install at least 65 GW of offshore wind energy by 2030 - up from 20 GW today - to accelerate Europe&rsquo s energy security following recent geopolitical developments. TenneT plans to install 20 GW each in the Dutch and German North Sea. The GE consortia projects cover the offshore converter platforms and the onshore converter stations for the two-way conversion between alternating and direct current. The converter stations are based on bipolar Voltage-Sourced Converter (VSC) technology &ndash the most advanced HVDC technology &ndash and will have double the capacity compared to previous monopole grid connection systems, resulting in fewer cables and platforms. Tim Meyerjü rgens, TenneT COO, said: &ldquo We are delighted to be working with GE and their consortium partners as part of our task to connect 40 GW offshore wind in the North Sea, one of the most important infrastructure projects of the century. TenneT has the technical know-how, scale, and geographical position to connect wind energy from the North Sea, while GE and its consortium partners have the HVDC expertise. Together, with the GE consortia and other HVDC partners we will accelerate the development of the offshore grid, thereby strengthening Europe&rsquo s energy security and putting Europe on track to become the world' s first climate-neutral continent by 2050.&rdquo Philippe Piron, CEO of GE Grid Solutions, said: " Together with our consortium partners Sembcorp Marine and McDermott, we are honored and pleased to play a key role in this critical infrastructure project for European energy security and decarbonization. These awards confirm that GE&rsquo s Voltage-Sourced Converter HVDC technology is now recognized as one of the most advanced in the world." Johan Bindele, Senior Executive Director of the Grid Solutions Grid Systems Integration Business Line, added: " Our new and exciting partnership with TenneT will allow GE Grid Solutions to demonstrate its ability to deliver on this critical HVDC infrastructure and confirms our ambition to be a leading systems provider in the fast-growing HVDC market.&rdquo |
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Coyote66
Member |
30-Mar-2023 14:20
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Selling pressure just before announcement of halt is not a good sign. Anyway let's keep our fingers crossed and start praying. Maybe the Man upstairs will help us :-) | ||||
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Eagle88
Supreme |
30-Mar-2023 14:20
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42M on Q to buy now after halting vs 20M before halting, must be good news that they started to join the Q. | ||||
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slingshotpro
Senior |
30-Mar-2023 14:19
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General Electric's renewable energy's Grid Solutions business gets three high-voltage direct current contracts for a total of about ?6b, according to a statement.
* Contracts awarded as part of consortium with Sembcorp Marine for TenneT's 2GW Program in the Netherlands * TenneT and a consortium formed by GE and McDermott have also entered into an agreement ** Based on this, TenneT plans to award two further HVDC contracts in Germany for a total of about ?4b |
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eugesun
Elite |
30-Mar-2023 14:18
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Must be good news, just took over then release bad news is not a wise move...
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Eagle88
Supreme |
30-Mar-2023 14:16
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Can award all the govt projects to SM and absorp all the workers.
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Waterrat
Veteran |
30-Mar-2023 14:09
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Hopefully 🙏 not bad news | ||||
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soonsoonhuat
Veteran |
30-Mar-2023 13:58
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largi best
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eugesun
Elite |
30-Mar-2023 13:57
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30 cents better...lol...
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Stocky901
Supreme |
30-Mar-2023 13:57
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Can not be so fast as the new team still not yet proven their capabilities. 🧐
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soonsoonhuat
Veteran |
30-Mar-2023 13:55
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hopefully 15 cts
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Eagle88
Supreme |
30-Mar-2023 13:54
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What if TH privatise SM? What will be the offer price?
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soonsoonhuat
Veteran |
30-Mar-2023 13:54
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think something to do with material development in operation car wash? was mentioned in yesterday' s announcement. |
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guiren
Veteran |
30-Mar-2023 13:49
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Yes, support, calling for investigation ,,,
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siewmai
Member |
30-Mar-2023 13:45
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*fingers crossed* Heart attack many times liao bcos of this counter. | ||||
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ahbui8
Master |
30-Mar-2023 13:41
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Siao liao, SCM is really jinx for trading halt pending news announcement, always share price big fall after announcement 😑 😑 😑 🤦 🏻 &zwj ♂ ️ 🤦 🏻 &zwj ♂ ️ 🤦 🏻 &zwj ♂ ️ | ||||
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Eagle88
Supreme |
30-Mar-2023 13:35
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High chance of good news than bad news as the SP has gone up in the past few days. Chris is going to open his golden mouth that we are waiting for.
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kentlim
Member |
30-Mar-2023 13:34
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Hoping for shares consolidation...... | ||||
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