World's biggest solar thermal power plant opens in the Mojave Desert

Ivanpah Solar Electric Generating System, the biggest solar thermal power plant in the world, opened in the Mojave Desert on Thursday with the help of the technology provided by BrightSource Energy and the $1.6 billion loan guarantee from the Department of Energy.

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GSA and NASA selects Google shell firm Planetary Ventures LLC to lease Moffett Field and Hangar One

Planetary Ventures, the shell firm that Google infrequently uses for its real estate deals, has won the right to lease Moffett Field and Hangar One.

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General Electric Co CEO Jeffrey Immelt asks private investors for more investment in African healthcare

General Electric Co Chief Executive Officer Jeffrey Immelt has asked private investors to pour more funds in African nations where government-run services have been strained, Bloomberg reported.

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Viridor invests in £25M glass recycling facility in Scotland

UK-based recycling, renewable energy and waste management firm Viridor invested in a £25-million glass recycling facility in Scotland that will help create 300 full-time jobs in the country.

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Saracen picks up unloved Thunderbox mine in Western Australia for $20M

Perth, Australia-based gold mining and mineral exploration firm Saracen Mineral Holdings acquired Western Australia's unloved Thunderbox gold mine from Russian giant Norilsk in a deal valued at $20 million.

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Malaysia to relax foreign auto restrictions to lure in investments

Malaysia will implement a new policy that will selectively allow foreign auto makers to manufacture small passenger cars, according to the chief executive officer of a trade ministry unit.

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US fund manager CRG invests in Kazakhstan copper asset

Colorado, US-based private equity fund management group Centurion Resource Group (CRG) acquired a 75% stake in a copper project located in Karagandy, Kazakhstan, for an undisclosed amount.

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Pemex to invest $475M in Mexico fertilizer plant

Mexico-based state oil company Pemex will shell out $475 million to acquire and revamp a Veracruz-based fertilizer production plant in a deal that would allow the firm to supply 75% of Mexico's demand for urea.

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Colombia's Grupo Energy picks up $650M stake in Peru gas pipeline

Colombia-based firm Grupo Energia de Bogota inked a deal valued at $650 million to acquire a 23.61% stake in Peru-based gas pipeline operator Transportadora de Gas del Peru.

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Dubai's Dragon Oil buys into petroleum block in the Philippines

Dubai, United Arab Emirates (UAE)-based oil and gas firm Dragon Oil Plc inked a deal to acquire the 40% stake of Australia-based firm Nido Petroleum Ltd in Service Contract (SC) 63, a petroleum block in Palawan, Philippines.

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IFC invests in US submarine cable operator Seaborn Networks

World Bank Group member International Finance Corporation (IFC) invested an undisclosed amount in US-based submarine fiber optic cable system developer and operator Seaborn Network Holdings LLC.

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UK to give incentives to councils allowing shale gas developments to proceed

In a move that will pave the way for the creation of more jobs and encourage more investment in the UK, Prime Minister David Cameron will be giving councils that allow shale gas developments to continue, Bloomberg reported.

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Chinese glass firm Fuyao to invest $200M in GM's former plant in Ohio

China-based automotive glass supplier Fuyao Glass Industry Co will pour in a $200-million investment to build a manufacturing facility at the former assembly plant of General Motors (GM) in Ohio, US.

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Kellogg to invest $130M in Malaysia plant, eyes Asia-Pacific expansion

Michigan, US-based multinational food manufacturing firm Kellogg Company is pouring in $130 million (MYR428.2 million) in a new manufacturing plant in Malaysia to expand in the Asia-Pacific region.

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Chinese cotton manufacturer to invest $2B in Pakistan

Shandong, China-based cotton and yarn manufacturer Shandong Ruyi Technology Group Co Ltd will invest $2 billion in the energy and textile sectors of Pakistan over the next two years.

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