Strong Global Interest in Tendering Process for Oil and Gas Concessions in Ras Al Khaimah, UAE, Reveals RAKPA Chief Executive »

RAS AL KHAIMAH, UAE,, May 23, 2018 /PRNewswire/ — With proven hydrocarbon reserves in place, easily accessible existing infrastructure, attractive production sharing terms and commercialization plans, the tendering process to explore for oil and gas resources in Ras Al Khaimah has received positive interest on a global scale.

(Photo: https://mma.prnewswire.com/media/695570/3D_broadband_seismic.jpg)

Launched on 1 April 2018 and managed by the newly established RAK Petroleum Authority to attract regional and international companies aiming to expand their portfolios in the UAE, the 2018 RAK Licensing Round is proving to be popular, with many firms already taking advantage of the data rooms being facilitated by RAK's national oil company, RAK Gas.

"The licensing round has successfully generated an encouraging and positive response from many international companies eager to explore Ras Al Khaimah's oil and gas potential," said Nishant Dighe, the Chief Executive of the RAK Petroleum Authority, who is also CEO of RAK Gas.

The licensing process covers seven contract areas that span almost the entire emirate of Ras Al Khaimah – these include four shallow water offshore blocks and three onshore blocks.

Surrounded by very large producing oil and gas fields, Ras Al Khaimah has multiple working petroleum systems. Exploration opportunities are present from the Jurassic to the Tertiary, and in both structural and stratigraphic traps settings. However, it still remains an underexplored province.

The 2,200sq km of new 3D seismic, acquired in 2018, will be a game changer in creating regional understanding and unlocking Ras Al Khaimah's exploration potential.

This cutting-edge broadband 3D seismic will also greatly reduce exploration time. Data rooms have been set up in RAK and London and are available to view by reservation.

Firms can also leverage existing petroleum infrastructure including pipelines and processing facilities, as well as ease of access to international and local markets.

Petroleum rights will be governed by a new Exploration and Production Sharing Agreement.

Mr. Dighe added: "In addition to the wealth of seismic data available from the surveys already undertaken, the unique geology of RAK, a result of the Hajar Mountains uplift, and existing oil and gas fields in close proximity, means the seven blocks available for exploration have great potential for as yet untapped hydrocarbons."

http://www.rakpa.ae
SOURCE RAK Petroleum Authority

Written by Vicky Denton
May 23, 2018

dena Energy Efficiency Award 2018: Invitation for Applications »

BERLIN, May 22, 2018 /PRNewswire/ —

Private and public sector companies can apply online until 30 June 2018 / Four award categories open to international applicants / 30,000 euros in prize money

The Deutsche Energie-Agentur (dena) – the German Energy Agency – is seeking outstanding projects that measurably reduce companies' energy consumption and cut emissions that have an impact on the climate. The best of these will win the 2018 Energy Efficiency Award. The awards, which are open to applicants internationally, attract prize money totalling 30,000 euros. They are offered under the patronage of the Federal Minister for Economic Affairs, Peter Altmaier, and are supported by Danfoss and KfW.

Companies that are interested have until 30 June 2018 to submit an application in one of the competition's categories via the website, http://www.EnergyEfficiencyAward.de. Companies of any size and from any industry in Germany or abroad can enter.

The competition's four categories

The competition's main focus is on innovative approaches to increasing energy efficiency in trade and industry – including public sector companies – in four categories:

Energy transition 2.0 – for projects that have additional positive effects on the energy system, besides increasing energy efficiency

Energy efficiency: from clever to digital – for projects ranging from traditional energy efficiency measures to digital solutions

Energy services and energy management – for projects implemented through energy management or through a service provider – both the company and the service provider can apply

Audience award: plans for increasing energy efficiency – concepts that illustrate conclusively how energy efficiency can be increased, and whose approach demonstrates marketability. In this category – unlike the others – awards are presented for concepts, as opposed to projects that have already been implemented.

All of the energy efficiency projects submitted will be assessed according to standardised criteria by an expert jury. At the beginning of October 2018, dena will publish a shortlist of the projects nominated.

Awards ceremony at the 2018 dena Congress

The winners in all four categories will receive their awards during the dena Congress on 26 November 2018 in Berlin. The international competition is funded by the Federal Ministry for Economic Affairs and Energy (BMWi).

For details on how to enter free, visit http://www.EnergyEfficiencyAward.de

Press contact:

Deutsche Energie-Agentur GmbH (dena) – German Energy Agency, Tom Raulien, Chausseestraße 128 a, 10115 Berlin; Tel: +49-(0)30-66-777-652; fax: +49-(0)30-66-777-699; e-mail: raulien@dena.de

Website: http://www.dena.de
SOURCE Deutsche Energie-Agentur (dena)

Written by Vicky Denton
May 22, 2018

Sterlite Power Eyes $4 Billion Investment in Brazil by 2022 »

BUENOS AIRES, Argentina, May 22, 2018 /PRNewswire/ — Sterlite Power, which won orders to build power transmission lines in Brazil last year, is mulling an investment of USD 4 billion in energy projects in Brazil by 2022.

(Logo: http://mma.prnewswire.com/media/558206/Sterlite_Power_Logo.jpg)

Looking for better returns and a wide range of opportunities for investments in Brazil, Sterlite Power's idea is to grow rapidly in the country and establish its headquarters in Sao Paulo as a base for future expansion.

"We have committed to USD 1 billion (in projects), and we are open to expanding this three or four times over the next three or four years," Sterlite Group CEO Pratik Agarwal said in a statement.

Agarwal further added that Sterlite has structured a local team and is currently looking for an experienced executive to take command of Brazilian operations and lead an expansion due to incursions in other countries.

"Sao Paulo will be our headquarters in Latin America to look beyond Brazil," Agarwal said. He cited Argentina, Chile, Mexico and possibly Peru as potential countries of interest, and pointed out that the advance to these markets could take place over a period of 1-3 years.

The executive also pointed out that in addition to participating in government auctions for new projects, Sterlite will also evaluate possible acquisitions as part of its strategy in the country.

The preference in all investments, according to him, is for 'complex' projects, in which he evaluates that the company believes it is better able to generate value and obtain advantages over competitors.

Sterlite caught the attention of the Brazilian energy industry in its first bid in April last year to take out a broadcast concession with a discount of 58.9 per cent over the government's maximum allowable revenue for the project.

The company has already secured funding and all environmental licenses for one of its three projects and there is great confidence in being able to deliver them in advance.

"We have an excellent track record of delivering projects ahead of schedule and using some innovative strategies," Agarwal said.

He said that in a project in India, the company even used helicopters to carry transmission towers at a site in a mountainous region, which saved months in comparison to the most traditional method used by Indian industry through loading equipment with the help of donkeys.

For more details, visit: www.sterlitepower.com

Media contact:Balaji KrishnaswamiPhone: +91 9971757474Email: balaji.krishnaswami@sterlite.com
SOURCE Sterlite Power

Written by Vicky Denton
May 21, 2018

Trina Solar completes acquisition of Nclave »

CHANGZHOU, China, May 21, 2018 /PRNewswire/ — Trina Solar Limited ("Trina Solar" or the "Company") announced that it has successfully closed the acquisition of Spain-based Nclave Renewable S.L. ("Nclave"), the world's leading solar tracker system manufacturer. This is the first time that a Chinese solar company has acquired a solar tracker producer outside of its home market, accelerating Trina Solar's strategic transformation from a leading PV product supplier to a global smart PV solution provider. The acquisition also marks another solid step towards Trina Solar's strategic transformation into an enterprise focused on the development of alternative and renewable energy solutions that work in concert with the Internet of Things ecosystem.

With the acquisition, Trina Solar's latest TrinaPro smart PV solutions will directly incorporate Nclave's tracker products and engineering designs, while Nclave's leading-edge technologies will also be deeply integrated into Trina Solar's smart solutions.

Nclave was founded by the Clavijo Family and integrated the company MFV in 2017 together with the participation of the fund Q-Growth . Nclave has over 12 years of experience in renewable energy sources, having provided more than 2.5 GW worldwide. It currently has its headquarters in Madrid (Spain), commercial offices in five continents and manufacturing facilities in Navarra (Spain).

Nclave is a leading company in the development, design, manufacturing, installation and maintenance of fixed structures and photovoltaic solar trackers, including dimensioning and implementing of all foundation solutions. Nclave offers the widest range of products in the market (fixed structures and single and multi row trackers with any configuration), being adaptable to all kinds of project through solutions with minimum investment cost; as well as operation and maintenance. Its design for core parts and structures have received multiple international patents.

About Trina Solar Limited

Founded in 1997, Trina Solar is one of the first Chinese solar companies listed on the New York Stock Exchange. As of the end of 2017, Trina Solar's total module shipments had exceeded 32GW, ranking first in the world. Trina Solar has recently developed TrinaPro, a proprietary utility-scale smart PV solution for large power stations as well as commercial and residential solutions, energy storage systems and photovoltaic modules. As the world's leading provider of integrated solar energy solutions, Trina Solar has taken the lead in evolving into a brand in the world of energy IoT (internet of things) and is committed to becoming a global leader in this new and emerging sector.
SOURCE Trina Solar Limited

Written by Vicky Denton
May 21, 2018

Seismik Technology Company Limited Reveals New Approach for Processing Seismic Data »

HONG KONG, May 21, 2018 /PRNewswire/ — This week's oil rise past $80 a barrel was big news, but it's really part of a much ‎bigger saga. Events around new technologies in the oil and natural gas sectors are combining ‎to create huge economic change over the next few years. ‎

Seismik Technology Company Limited today has presented a new method for predicting the ‎detailed structure of deep oil reservoirs ahead of the tunnel face.

Zhang Lu, who is the director of research and development at Seismik Technology Company Limited, said, "Prices are often outside the producer's control, so cost ‎reduction is the place to concentrate their efforts. With much of easily discoverable oil reserves already exploited, and growing costs of ‎exploration, new drilling ‎techniques and other technologies are promised to bring oil and gas ‎production costs significantly lower."‎

Seismik Technology Company Limited says the ‎technique enables miners to image seismic data at unprecedented resolution, which opens ‎new possibilities in the increasingly challenging search for new reserves.‎

The new method is applied to parameters collected by seismic reflection surveys, ‎with the sources and sensors placed along the tunnel. ‎

The paper describes a method that enables processing ‎applications within the oil and gas sector to calculate an average value ‎of the wave velocity, as well as indicating the discontinuities for each source point.‎

Building on full waveform inversion, the procedures help analyze and plot the ‎number of superposing estimates for each node of the domain. Ultimately, the ‎conclusions can be explained as the probability to detect a discontinuity at a certain ‎distance from the tunnel face. ‎

So, following that logic, the method automatically highlights the tops in the seismograms that may have ‎caused a reflection. On the base of this process, it integrates more ‎elaborate additional information to better constrain the results.‎

The results indicate that Seismik Technology Company Limited ‎methods runs very fast and it is reliable in the identification of lithological changes ‎and discontinuities; energy ‎production processes that are coming online in the oil patch are getting ready to increase substantially.

For further information: Media: Zhang Lu, +852 5808 1828, zhanglu@stchk.net,
SOURCE Seismik Technology Company Limited

Written by Vicky Denton
May 20, 2018

BIG SUN Energy’s new dual axis tracker + bifacial module shows up to 60% gains in solar power generation »

The new amphibious power generation champion: iPV Tracker

HSINCHU, Taiwan, May 19, 2018 /PRNewswire/ — BIG SUN Energy's patented iPV Tracker, when compared with a fixed tilt system, has shown a 30% increase in power generation. When iPV Tracker is combined with a bi-facial module there is a further 10% increase. BIG SUN Energy has further researched various underlying surfaces — discovering the rates of reflection with natural ground cover, cement or mirror-like reflective surfaces. Reflection rates of grass, sand or mud will increase the power generation between 5-10%, while white cement will provide a 15% increase. When mirror-like reflective surfaces such as water or snow are used, the gains reach 20-30%. By installing an iPV Tracker over a water surface using bi-facial modules, the increase in yields achieved can reach 60% over fixed tilt systems utilizing mono-facial modules.

Summer Lou, inventor of iPV Tracker and chairman of BIG SUN Energy noted "Two thirds of the earth is covered by water, by extending the application of iPV Trackers over water surfaces we will help increase power generating efficiency without impacting the local environment. iPV Trackers can be floating or mounted, when installed at a 3m height with 2.5m spacing, iPV Trackers are able to harvest 60% of light transmittance and increase power gains by 50%. In shallow waters, the Aqua Solar solution will elevate the light transmittance 70-80%." Summer noted "it is an eco-friendly system that provides space facilitating routine activities around the floating and mounted modules."

The effectiveness of PV power generation has three essential factors, inclination angle, height and ground reflection.

The inclination angle is the optimal angle that power generation systems are able to track and absorb sunlight.
Tracker height describes the necessary room to collect reflected and diffused sunlight on the rear side of a module when paired with a bi-facial module.
Ground reflection can boost the rear side power generation in bi-facial modules, with different advantages for different types of ground cover.Solar tracking power generation systems have become an important choice when building solar power stations. The world has focused on the power generation efficiency of the bi-facial module in conjunction with the solar tracking systems. BIG SUN Energy was awarded the "Top 10 Highlights" at 2017 SNEC PV Power Expo in Shanghai for the highly efficient power generation features in the dual glass, bi-facial, dual axis iPV Tracker.

BIG SUN will be attending this year's SNEC PV Power Expo held in Shanghai (May 28-30th) located in W1 Hall, booth #008. On display will be the iPV Tracker in conjunction with high-efficiency bifacial modules from two prominent suppliers, demonstrating it as a highly adaptive and highly efficient power generation system.

http://www.bigsun-energy.com/Uploads/special_project/BIG-SUN-iPV-Bi-Dual-System.jpg

BIG SUN Energy: www.bigsun-energy.comiPV Tracker: www.ipvtracker.com

For more information contact:

Kim YenMarketing Specialist +886-3-5980288 #1953 kim.yen@bigsun-energy.com

Angel Lu Marketing Manager +886-3-5980288 #1951 angel.lu@bigsun-energy.com
SOURCE BIG SUN Energy

Written by Vicky Denton
May 18, 2018

CNOOC Signs PSCs with Husky »

HONG KONG, May 18, 2018 /PRNewswire/ — CNOOC Limited (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) announced today that its parent company, China National Offshore Oil Corporation (CNOOC), has signed two production sharing contracts (PSCs) with Husky Oil Operations (China) Limited (Husky) for Block 22/11 and 23/07 in the South China Sea.

Block 22/11 and 23/07 are located in the Beibu Gulf of the South China Sea. The Block 22/11 covers a total area of 1,663 square kilometers with a water depth of 40-80 meters and the Block 23/07 covers a total area of 1,210 square kilometers with a water depth of 20-40 meters.

According to the terms of the PSCs, Husky shall act as the operator during the exploration period and conduct exploration activities in the two blocks mentioned above, in which all expenditures incurred will be borne by Husky. Once entering the development phase, CNOOC has the right to participate in up to 51% of the participating interest in any commercial discoveries of the blocks. After signing the above-mentioned PSCs, except for those relating to CNOOC's administrative functions, CNOOC will assign all of its rights and obligations under PSCs to CNOOC China Limited, a subsidiary of CNOOC Limited.

Notes to Editors:

More information about the Company is available at http://www.cnoocltd.com.

This press release includes "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, including statements regarding expected future events, business prospectus or financial results. The words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify such forward-looking statements. These statements are based on assumptions and analyses made by the Company in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors the Company believes are appropriate under the circumstances. However, whether actual results and developments will meet the expectations and predictions of the Company depends on a number of risks and uncertainties which could cause the actual results, performance and financial condition to differ materially from the Company's expectations, including but not limited to those associated with fluctuations in crude oil and natural gas prices, the exploration or development activities, the capital expenditure requirements, the business strategy, whether the transactions entered into by the Group can complete on schedule pursuant to their terms and timetable or at all, the highly competitive nature of the oil and natural gas industries, the foreign operations, environmental liabilities and compliance requirements, and economic and political conditions in the People's Republic of China. For a description of these and other risks and uncertainties, please see the documents the Company files from time to time with the United States Securities and Exchange Commission, including the Annual Report on Form 20-F filed in April of the latest fiscal year.

Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements. The Company cannot assure that the results or developments anticipated will be realised or, even if substantially realised, that they will have the expected effect on the Company, its business or operations.

For further enquiries, please contact:

Ms. Jing Liu Manager, Media & Public Relations CNOOC Limited Tel: +86-10-8452-3404 Fax: +86-10-8452-1441 E-mail: mr@cnooc.com.cn

Ms. Iris Wong Hill+Knowlton Strategies Asia Tel: +852-2894-6263 Fax: +852-2576-1990 E-mail: cnooc@hkstrategies.com

Logo – http://photos.prnasia.com/prnh/20150819/8521505396LOGO
SOURCE CNOOC Limited

Written by Vicky Denton
May 18, 2018

GCL SI to Release New High Efficiency Modules During SNEC »

SUZHOU, China, May 18, 2018 /PRNewswire/ — GCL System Integration (GCL SI) (002506.SZ), a subsidiary of the world's leading clean energy conglomerate GCL Group, will bring a variety of new mono and multi high-efficiency modules to the exhibition to the annual SNEC PV Power Expo (SNEC) in Shanghai at the end of May.

At SNEC, GCL Group will occupy a 968-square-meter booth in Hall E1, the "Solar Cell and System Projects and Application International Brand Hall", displaying its latest products which cover all facets of the PV industry including the integration of PV technology applications, the smart energy industry chain, smart homes, and combined solar and heat utilization. Most highly anticipated are the GCL SI's revolutionary FBR + CCz technology, along with a variety of high efficiency mono and multi modules, including some models designed for the company's poverty alleviation projects. Eric Luo, President of GCL SI, said GCL will continue its effort in R&D and deliver greater value for customers.

GCL SI currently has a module production capacity of approximately 6 GW, and its shipment volume reached 4.84 GW in 2017, ranking it as one of the top suppliers in the world. The average efficiency of its high-performance polycrystalline black silicon PERC cell has reached 20.8%, and its maximum efficiency has reached 21.3%. The power of its polycrystalline 60-cell module exceeds 300W, making GCL SI an absolute industry leader in terms of polycrystalline module performance. GCL SI has participated in the bidding for the two Front-runner Projects in Changzhi and Tongchuan with its high-efficiency products.

In the next few years, the photovoltaic market will achieve steady growth. In particular, the demand for photovoltaics in overseas emerging markets will further expand. GCL SI will further strengthen its research and development into high-efficiency products, consolidate its main business of photovoltaics, and focus on increasing the proportion of overseas business. In 2017, GCL SI's international business grew by 20% year-on-year, accounting for 26.37% of its total business volume. It is expected that the share of overseas business will reach 50% in 2018.

GCL SI is guided by market demand and provides quality and high-efficiency products for various environments around the world. Its high-efficiency cells, MBB modules, and bifacial double-glass products meet the needs of China's Front-runner Projects and overseas markets. Through the development of modular integration packages, the customized needs of domestic and foreign customers can also be met. In addition, GCL SI continues to promote smart manufacturing, is helping to accelerate the evolution of manufacturing to automation and digitalization, and integrates information technologies such as the Internet and the Internet of Things into the production process. Its lean production and smart manufacturing improves product quality and efficiency, which will help GCL-SI achieve its goal of high-quality development.

About SNEC PV Power Expo

Now in its 12th year, the SNEC PV Power Expo (SNEC) was founded by the Asian Photovoltaic Industry Association (APVIA), the China Renewable Energy Society (CRES), and the Chinese Renewable Energy Industries Association (CREIA), and is co-sponsored by 19 international agencies and organizations, including the US Solar Energy Industry Association (SEIA), among others. The world's largest new energy exhibition, and an important platform for major companies to display advanced technology products, SNEC features PV production equipment, materials, cells, application products and modules, and solar projects and systems, covering all aspects of the photovoltaic industry chain.

About GCL-SI

GCL System Integration Technology Co., Ltd. (002506.SZ) (GCL-SI), is part of the GOLDEN CONCORD Group (GCL). GCL-SI delivers a one-stop, cutting-edge, integrated energy system and is committed to becoming the world's leading solar energy company.
SOURCE GCL System

Written by Vicky Denton
May 18, 2018

Intensifying Need For Electric Grid Transformation Sparks Growth Opportunities »

Frost & Sullivan dissects the future of electric grid-related investments

SANTA CLARA, California, May 16, 2018 /PRNewswire/ — Regulatory guidelines and budgetary constraints have long shaped grid investments, placing the primary focus on ensuring that the electric grid is available at all times and is resilient to any disruption. Until now, this task has been relatively predictable. As more people gain access to and embrace disruptive devices living in smart homes, driving electric vehicles, and powering life with distributed energy resources, several questions arise: To what degree are utilities prepared to manage changes? What role and influence will they have in the future?

To answer these questions, Frost & Sullivan, the growth partnership company, is pleased to invite you to our live, complimentary webcast, "Intensifying Need for Electric Grid Transformation Sparks Growth Opportunities," on Wednesday, May 30, 2018, from 2:00 PM to 3:00 PM EDT. The webcast will offer expert insight from Farah Saeed, Digital Grid research director for Frost & Sullivan's Energy & Environment team.

To register for the complimentary webcast, please visit: http://frost.ly/2g0

The utility industry is known to be risk adverse, entailing a fairly long decision-making process for adopting new solutions. This can be a rather cost-prohibitive and time-consuming affair, especially for new market entrants, requiring steady advanced cash flow to participate. In the meantime, households and communities are moving ahead independently with adoption and are becoming more comfortable with smart and automated solutions that not only promote sustainability but also provide cost-effective options.

"Grid modernization initiatives or smart grid have been in progress for almost more than a decade in North America, driven in part by the concern for aging infrastructure, the ability to manage peak power load, as well as address growing interest for energy conservation and carbon neutralization," stated Saeed. "Unfortunately, existing services are often too rigid to support rapid innovation or trade high levels of quality assurance for deep application integration."

The webcast aims to provide insight into future investments in the electric grid space in North America.

Key takeaways of the webcast include:

Receiving an in-depth view of emerging and cutting-edge solutions that are transforming the digital grid spaceLearning about grid modernization initiativesObtaining insight on key stakeholders to determine who would be ideal strategic partnersAbout Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Contact us: Start the discussion

For more information, visit ww2.frost.com or call +1 (877) 463-7678

Press Contact: Jaylon BrinkleyFrost & Sullivan +1 (210) 247 2481jaylon.brinkley@frost.com
SOURCE Frost & Sullivan

Written by Vicky Denton
May 16, 2018

Agritrade Resources Takes Second Longwall System for Its Merge Mine »

Production Capacity Will Reach 3.5 Million Tonnes at Designated Site

HONG KONG, May 15, 2018 /PRNewswire/ — Agritrade Resources Limited ("Agritrade Resources" or the "Company", stock code: 1131.HK, or together with its subsidiaries collectively referred to as the "Group") today is pleased to announce that Agritrade Mine Holdings Limited, a direct wholly-owned subsidiary of the Company, entered into an equipment supply contract to acquire (the "Acquisition") a complete set of longwall system from Zhengzhou Coal Mining Machinery (Group) Co., Ltd., a leading comprehensive coal mining and excavating equipment manufacturer in the People's Republic of China at a consideration of RMB139,400,000 for the Group's mining operation at the Merge Mine in Indonesia.

After the Acquisition, the Merge Mine will be operated with two longwall systems. The Company expects that the production capacity of the Merge Mine will be increased by approximately 2.5 million tonnes annually following the Acquisition, reaching a total annual production capacity of approximate 3.5 million tonnes.

The Merge Mine is the only large-scale, mechanised longwall underground coal mine in Indonesia. Additionally, the Merge Mine has significant JORC compliant proved and probable coal reserves of 97.1 million tonnes and produces run-of-mine coal with low inherent moisture, low sulphur content and high calorific value of approximately 6,426 kcal/kg on air-dried basis, which is similar in quality to benchmark Newcastle coal of 6,300 kcal/kg.

Mr. Ng Xinwei, Chief Executive Officer and Executive Director said, "The fully retreating mechanised longwall mining is a proven and accepted mining method that reduces operating cost. The longwall operations also allow the Group to economically extract high quality coal. I believe taking a second longwall to our flagship will further enhance the Group's capability to tap into the underground coal mining opportunities present in Indonesia and ultimately help us achieve our goal in becoming an integrated energy solutions provider."

About Agritrade Resources Limited (Stock Code: 1131.HK)

Agritrade Resources Limited is a leading energy solutions provider headquartered in Singapore and listed in Hong Kong. The Company is the first to introduce large-scale, fully-mechanised underground coal mining in Indonesia. This technical and production niche, together with its integrated supply chain solutions from pit-to-port, enables the Company to transport the coal efficiently and reliably to its customers.

For more information, please visit the Company's website: http://www.agritraderesources.com/

Photo – https://photos.prnasia.com/prnh/20180515/2133661-1

SOURCE Agritrade Resources Limited

Written by Vicky Denton
May 15, 2018

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