15/09/2014

Hi Daily News Egypt: International conference in Egypt requests hosting 50 world largest companies.

Hi Daily News Egypt: International conference in Egypt requests hosting 50 world largest companies:
Investment minister:


Minister of Investment Ashraf Salman revealed receiving a request from Philipp Rösler, executive director of World Economic Forum, to hold a conference in Egypt next 
December.

Minister of Investment Ashraf Salman revealed receiving a request from Philipp Rösler, executive director of World Economic Forum, to hold a conference in Egypt next December, The conference will include the heads of boards from the 50 largest companies worldwide to discuss investment opportunities in Egypt and the plans of economical and social reform.
“The government has a programme to protect serious investments and to create the climate to attract investments to Egypt,” said Salman. 

He added that he met with Ding Yun, president of products and solutions at Chinese tech firm Huawei Technologies.
The pair agreed to establish a free-zone system project that turns Egypt into a centre collecting and exporting Huawei products in the Middle East.
On the second day of the World Economic Forum, Salman said Mohamed Elmady, managing director of SABIC, would discuss the possibility of producing rebar and fertilisers in Egypt.
“The size of the Egyptian iron market is 8m tonnes annually” said Salman.
Elmady said the Egyptian market needs more integrated consulting firms for iron production, as the Egyptian market’s iron needs would reach 12m tonnes annually within the next 5 years.
In a statement released Friday, Salman said he held a roundtable meeting for the 10 largest Chinese companies in the field of energy, textile industry, construction and contracting, automotives industry, glass industry, iron and steel, shipping and cement. It was followed by an extended investment forum in the presence of about 150 representing 90 Chinese companies and economic figures.
“The government has a reform programme until 2020. It includes continuing subsidies restructuring and tax adjustments to increase the state’s resources and lower expenses, while developing incentive programmes to support economy,” said Salman.
“The government began a review of several economic legislation, with some modifications of existing laws, and added new legislation to facilitate the work of serious investors such as the bankruptcy law and the unified investment law and working to combat corruption in all its forms,” Salman said.
He continued by saying that around EGP 36bn of Suez Canal Project investment certificates have been covered in 5 days. With the initial output for certificates listed at EGP 60bn,the purchases so far reflect the confidence of the Egyptian people in the current leadership.

Salman said that a supplemental contract was signed aiming to develop an area of six square kilometres in the economic zone area northwest of the Gulf of Suez.
The contract stipulated that TEDA Investment company would develop the area on three stages by two square kilometres each stage and with $200bn investments in infrastructure and a total investment of roughly $3bn. The project will provide 40,000 direct jobs and targeted sales up to $15bn.
Salman invited Global Mining Co during a meeting with company’s Managing Director Gao Wei Kai, to visit Egypt. During the proposed visit, Gao would meet with the Minister of Electricity and become closely acquainted with the possibilities of the national grid for electricity and the possibility of upgrading its capabilities.
Salman added that the Egyptian government decided to allow the private sector to produce electricity through new and renewable energy projects.
“In the coming months, the private sector electricity purchase tariff will be announced,” Salman said. In the coming months, Egypt will witness a noticeable activity with respect to the launching of projects through public-private partnership (PPP) or through build operate transfer (BOT) projects.





at

Hi Blog Translate

Hi Engineering Jobs!.

Hi Engineering Jobs!.
Hi Search Jobs >Industry Sector > Region > Job Function > Over 100's Of Jobs

Hi Wikipedia Search.

Search results

Hi Contact Form.

Name

Email *

Message *

Hi Source - Latest Category Technical Articles.

Loading...

Hi Green Tip #4: Hi Size and Select Fans Near Their Peak Total Efficiency.

Even the most efficient fan models can operate inefficiently if improperly sized.Fans selected close to their peak total efficiency (pTE) will use less energy. The 2012 International Green Construction Code requires selections within 10% of peak efficiency, and ASHRAE Standard 90.1,

Energy Standard for Buildings Except Low-Rise Residential Buildings, is considering language that would require a 15% allowable range. If a fan is selected to operate more than 15 point below its peak efficiency, it is probably undersized to result in the lowest purchase price (first cost). The smaller, less-expense fan will have to run much faster with higher levels of internal turbulence than its larger cousin to meet the required air flow, thus consuming a lot more energy.The cost difference to select a larger fan closer to peak operating efficiency is very small when compared to the energy saved.

Simple payback for 10% selections is usually less than one year. Smaller fans operating faster will also require more maintenance and earlier replacement. Smaller fans generate more noise as well.Below is a table showing the output from a fan manufacturer's sizing and selection program. All of the fans in the table would "do the job" of providing the required airflow at the required pressure.

The fan sizes range from 18-inches in diameter to 36-in. Notice that as the fan diameter increases, the fan speed decreases, as does the fan power (expressed as "brake horsepower"). The red region of the table indicates poor fan selection practice - none of these fans have an actual total efficiency (at the airflow and pressure required) within 15 points of peak total efficiency. The green region indicates proper fan selection process - all have an actual total efficiency within 15 points of peak total efficiency.

Note that the 30-in. diameter fan consumes roughly half the power of the 18-in. fan. The lowest cost fan shown is probably the 20-in. fan, with an efficiency of 49%, 29 points off the peak. If this fan runs 6,000 hours per year at a utility rate of 10 cents per kwh, it will cost $4,300 a year to operate. A more efficient selection might be the 24-in. fan because it is "Class I" and complies with both ASHRAE 90.1 and the Green code requirements. It has an actual efficiency of 69%, 10 points less than the peak efficiency of 79%. This fan would cost $3,100 to operate, which is probably more than the fan itself costs. A more efficient 30 inch selection is only 1 point from its peak efficiency of 83% and will consume only $2,600 per year, saving $500 a year relative to a 24-in. fan, and $1,700 a year over the lowest cost fan. Generally, the difference in initial cost of the most efficient fan selection is paid back in less than 5 years over more common less efficient alternatives. Perhaps this observation will bring it home.

Most fans consume more each year in energy cost than they are worth. So, when you buy a fan, think of it as a liability, not an asset. Your objective should be to make the liability placed on those who will pay future energy bills as low as possible. The leverage implicit in choosing a larger, more efficient fan is much greater than most people appreciate. And fans last a long time – 20 years plus – so choose wisely.The bottom line is this. Right-sizing a fan can yield energy savings and generate a lot of operating cost savings for the facility owner or occupants for many, many years.

Hi Total Pageviews.