Tentative energy deal reached for idled paper mill in Cape Breton

by Michael MacDonald, The Canadian Press Posted Apr 27, 2012 5:17 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Tentative energy deal reached for idled paper mill in Cape Breton HALIFAX – The Vancouver-based company planning to buy the idle NewPage Port Hawkesbury paper mill in Cape Breton has reached a tentative energy agreement with the province’s electric utility company, a key step in its bid to get the mill operating again.Pacific West Commercial Corp. announced late Friday it had submitted the seven-year agreement for approval to the Nova Scotia Utility and Review Board.The tentative power supply arrangement requires privately owned Nova Scotia Power Inc. to provide the mill with hourly projections of electricity rates a week in advance. The mill operators will then draft a production plan based on those predicted costs.“It allows the mill to be a low-cost producer,” Pacific West spokesman Marc Dube told a news conference. “It’s something that we’re anxious to get on with.”The tentative deal would create a partnership between Nova Scotia Power and NewPage Port Hawkesbury. If the deal is approved, the utility will hold both preferred and common shares in NewPage Port Hawkesbury.Nova Scotia Power expects to receive dividends reflecting the value of the energy used by the mill. Those payments will also include a $2 per megawatt hour contribution to the utility’s fixed costs.Robin McAdam, Nova Scotia Power’s executive vice-president of customer services, said the utility would have a 30 per cent profit participation rate in the mill.The deal is designed to ensure other customers, including residents, are not saddled with more costs, McAdam said.“We’re comfortable in saying that in no circumstance does this arrangement lead to other customers subsidizing the mill,” he said.“This is quite a different power supply arrangement than we have with other customers. … It is a pretty complicated arrangement.”Pacific West said regulatory approval in Nova Scotia is expected to take another three to four months to complete.Certain portions of the arrangement will require approval from the Canada Revenue Agency, but the company said it remains unclear how long that will take.Earlier this month, unionized workers at the mill in Point Tupper, N.S., endorsed a new contract.Close to 86 per cent of union members who cast ballots voted in favour of a deal that would see the layoff of about 320 employees of the 550-member workforce.“Now that we’ve successfully completed negotiations with the union, this is the next important step in the process to reopen the mill,” Pacific West president Ron Stern said in a statement.“We know that for the mill to be competitive and successful, we need to ensure our key input costs, labour and electricity, are also competitive.”Premier Darrell Dexter has said that once the electricity rates are set, the government will start discussing other issues, such as Crown timber rights.The government has already announced up to $30 million to support timber operations in the Port Hawkesbury area and to help keep the plant in a so-called hot idle state.It has been closed since September. read more

Guyana benefits from UK funded maritime seafloor mapping programme

Two locally registered vessels, M/V Dora and M/V Old Fort Tours were used in the survey which covered more than 130 square kilometres of waterThe Government of Guyana through an agreement with the United Kingdom (UK), has benefited from a Commonwealth Maritime Economics Programme in Hydrographic Surveying.This is according to Maritime Administration Department (MARAD) which outlined that Guyana was able to access funds at more than US$1.1 million for the conducting of Hydrographic Surveys or Sea-Mapping in the Demerara River, and onwards to Grove on the East Bank of Demerara.The UK Surveying company IIC Technologies, the Ministry of Public Infrastructure, and the Maritime Administration Department collaborated to complete the first phase of the project which began in October 2017, and ended in February 2018.The first phase of the project entailed an examination of the depth of the seabed and shoreline to detect any irregularities that may have existed.Also stemming from the project, will now be the immediate availability of updated nautical maps and charts to ships before they enter the port.“Outdated methods like the lead-line technique would have been used previously for surveys, but modern techniques utilizing a Multibeam Echo Sounder which uses multiple acoustic pings or sonar signals that bounce from the seafloor back to the survey vessel, will now be used” said MARAD.Two locally registered vessels, M/V Dora and M/V Old Fort Tours were used in the survey which covered more than 130 square kilometres of water.It was explained that Guyana will now benefit significantly as a result of the survey conducted.Vessel traffic is projected to increase, due to the availability of updated Hydrographic data which will allow Guyana to maximize its economic potential with ships increasing their cargo capacity.Further, the hydrographic surveys campaign forms part of Guyana’s obligation as a signatory to the International Convention for the Safety of Life at Sea (SOLAS) which was ratified in 1983.The second phase of the project is expected to commence in November 2018.According to MARAD, this will entail capacity building efforts with the involvement of local stakeholders and the training of local persons to conduct similar surveys to the required international standards.With the recent commissioning of the MT Aruka, the Government of Guyana intends to use this vessel as a platform for the mounting of similar type survey equipment in the second phase.MARAD, Guyana Lands and Survey Commission, Guyana Defence Force Coast Guard, and the Ministry of Agriculture (Fisheries and Hydromet Division) are some of the Government Agencies collaborating closely for the successful completion of this programme. Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)RelatedNational Hydrographic Committee set up to oversee management of Guyana’s water resourcesJanuary 23, 2018In “latest news”Guyana launches SEACOP to tackle maritime traffickingDecember 1, 2016In “Local News”Guyana to improve management of Solid Waste from ShipsSeptember 8, 2017In “latest news” read more

New Weir Minerals service centre in Hungary

first_imgWeir Minerals has launched its first service centre in Hungary to provide increased support to its growing customer base in the country, as well as in Romania and the former Yugoslavia. The centre is in Tatabánya in the north of Hungary, well placed for the motorway network allowing rapid access to customer locations around the country and beyond. As well as providing a convenient location for off-site repair and maintenance works by a team of engineers permanently based at the centre, the site will also hold strategic stock to minimise delivery times for replacement parts.The new location also includes a permanent office for the Weir Minerals’ sales team in Hungary. Weir Minerals’ key customers in the territory include industrial contractor GEA-EGI, ash handling and bulk materials specialist EWB, steel producer ISD Dunaferr and the Mátra Erömü power station. Ferenc Puskas, Weir Minerals’ sales manager for Hungary, said: “Weir Minerals has been supplying pumps and other equipment to businesses in Hungary, Romania and the former Yugoslavia for two decades and we have built a strong reputation with our customers. This is a key region for the business and the new centre will allow us to grow our share of the local market by making the service we provide our existing customers even better and improving our proposition for winning new business.”last_img read more