SINOPEC LPEC Selects AEG Power Solutions to Provide all Power System Equipment for Atyrau Refinery Project in Kazakhstan Zwanenburg, Netherlands and Beijing, China:
AEG Power Solutions announced today that its Chinese subsidiary has
signed a contract with SINOPEC LPEC (Luoyang Petrochemical Engineering
Company) to provide all power supply equipment for the Atyrau refinery
they are building in Kazakhstan.
AEG PS will provide the back-up
system, integrating 44 new modular UPS Protect 8 systems,
Concern grew for the stability of Spain's place in the fragile eurozone economy after reports of a rise in the level of bad loans on the books of its banks and word from the government Friday that
Chaos in Greek politics and Spanish banking combined this week to underscore just how fragile Europe's economy remains after an eviscerating austerity regime that has spawned unemployment,
Confidence in Spain's banks and its teetering economy was shaken Thursday after a newspaper reported that depositors were rushing to withdraw their money from Bankia, a troubled bank that was
