PensionDanmark invests DKK2.9bn in North Sea wind-power grid

first_imgTenneT, which is owned by the Dutch state, will finance most of the expected construction costs of the DKK14.2bn project, as well as building and operating the grid. DolWin3 is planned to be ready for use in 2017, and the system has a total capacity of 900MW. Torben Möger Pedersen, chief executive at PensionDanmark, said: “We are very satisfied with our cooperation with CIP, which is undertaking and managing many of our investments in stable alternatives.” He said the investment was a good addition to the pension fund’s existing investments in alternatives, and would contribute to securing a good, steady return for scheme members for many years to come.PensionDanmark said its target was to invest 20% of its total assets in more than DKK150bn of stable alternatives such as property and infrastructure.The investment is subject to the approval from German competition authorities, CIP said. PensionDanmark is investing DKK2.9bn (€384m) in a transmission network for wind energy in the North Sea to be built and operated by Dutch company TenneT.The Danish labour-market pension scheme is making the investment via Copenhagen Infrastructure Partners (CIP), which was set up in 2012 with DKK6bn from PensionDanmark as seed investor.However, CIP said this investment was being made through a separate legal structure with PensionDanmark – rather than the partnership – as the investor. The investment in the new DolWin3 offshore grid connection – which will transmit power to German customers on the mainland from several wind farms in the German North Sea – will be made jointly with TenneT, CIP said. last_img read more

Marcus Stoinis slams highest-ever individual score in BBL

first_imgMelbourne: Melbourne Stars’ opener Marcus Stoinis rewrote history books on Sunday as he slammed his maiden century during his team’s Big Bash League (BBL) encounter against Sydney Sixers at the Melbourne Cricket Ground (MCG). Stoinis played an unbeaten cameo of 79-ball 147, which is now the highest individual score in BBL history.With the scintillating knock, he surpassed D’Arcy Short, who had a 69-ball unbetaen 122 two years ago.It was Stoinis and Hilton Cartwright (59) heroics which powered the Stars to mammoth 219/1 in the allotted 20 overs. The duo shared a 207-run partnership for the opening wicket to hand a perfect start to their side.Stoinis knock was laced with 13 boundaries and eight sixes.The 30-year-old will ply his trade for Delhi Capitals in the upcoming editions of the Indian Premier League (IPL). Soon after his blistering knock, the Delhi-based franchise were quick to take note of the right-hander’s heroics and tweeted: “Absolutely outrageous! Marcus Stoinis finishes with an unbeaten 147 off 79 balls, the highest ever individual score in BBL history.”Stoinis meanwhile, also leads the charts for leading run-getters in this year’s edition of BBL after amassing 331 runs from eight innings, averaging over 55. IANSAlso Read: BBL: Marcus Stoinis fined for making personal abuse at Kane RichardsonAlso Watch: Two Bike-Borne Miscreants loot cash Rs 4 lakh near United Bank of India in Digboilast_img read more

Thika’s Eugene Mukangula joins AFC Leopards

first_imgThe forward has been a long term target for Leopards and his addition to the club will boost the scoring fortunes that have been heavily reliant on Ezekiel Odera.Also signing for the club from Thika United is midfielder Musa Saad who has previously played for Nairobi City Stars and he joins the 13-time Kenyan Premier League champions on a two-year deal.“I think they are very good additions to the team especially Mukangula because the coach had insisted so much on a striker. We are sure his qualities will be of huge value to us in the second leg,” AFC Leopards Secretary General Oscar Igaida said.He added; “We will be looking for at least three more signings; one striker, a midfielder and a defender. But if we got two of our targets, then I think we will still be okay.”AFC Leopards are currently placed fourth in the Kenyan premier league standings with 31 points, nine short of arch rivals Gor Mahia who lead the log on an unbeaten run.Zapata remains confident that despite the gulf of difference between the two sides and Gor still having four matches at hand, Ingwe are in a good way to quench their two-decade wait for the league title.0Shares0000(Visited 2 times, 1 visits today) 0Shares0000Posta Rangers midfielder Jerry Santo passes the ball under pressure from Thika United’s Eugene Mukangula during a Kenyan Premier League clash at the Ruaraka Complex on September 23, 2017. PHOTO/Timothy OlobuluNAIROBI, Kenya, Jun 18- Eugene Mukangula has become Argentine coach Rodolfo Zapata’s first signing at AFC Leopards with the striker joining Ingwe from struggling Thika United, putting pen to paper on a three year contract on Monday afternoon.Mukangula went straight to AFC Leopards offices to finalize the deal having just arrived from Narok where he donned the Thika United jersey for the final time on Sunday evening in their 3-0 loss to Sofapaka.last_img read more


first_imgA Donegal coroner has warned the public that speeding is not always the cause of road deaths.Coroner John Cannon was speaking during an inquest into the death of a pensioner during a horrific road crash.The head-on collision in Dunlewey, Co Donegal also resulted in a five year old girl being left in a wheelchair for life. The dead woman Maggie Barr had spent many years acting and appeared in many television series’ including TG4’s CU Burn.Mrs Barr was coming back from an eye appointment in Letterkenny, Co Donegal when the car she was in was involved in a horrific road smash.An inquest into Mrs Barr’s death found today that she died as a result of injuries sustained as a result of a traffic accident.Letterkenny Coroner’s Court heard how Mrs Barr of Middletown, Derrybeg, and her husband Willie were travelling in their Volkswagen Jetta May 27th, 2008 when they were involved in a head-on collision in the village of Dunlewey.Mr Barr’s car was in collision with another car containing a mother and her two young children.Seconds after the collision, the family’s Mazda 3 went on fire and the Ni Gairbheith children Noirin, 5, and Aodan, 2, were caught in the back of the car.They were eventually freed by passers-by before the car was gutted due the blaze.A statement from Mrs Sonia Nic Gairbheith said the crash has had a life-changing affect on her family.Her daughter is in a wheelchair and is paralysed form the chest down.William Barr told the court that the last thing he remembers is passing a bar known as McGeadys.He said he spent 18 days in hospital and the entire episode was like a dream to him.One of the first people on the scene was James McAllister –a fire station commander with the Northern Ireland Fire Service in Bangor, Co Down.When he found Mrs Barr she was still alive but died a short time later at the scene.Mr McAllister was asked by Coroner John Cannon if he would recommend that a fire extinguisher would have helped at the scene.However he said he thought the use of a fire extinguisher by an untrained member of the public would have caused more problems.Dr Katriona Dillon said that she carried out an examination of Mrs Barr’s body and said she was heavily bruised.She also had injuries to her legs, arms and chest.Dr Dillon said the cause of death was due to multiple injuries sustained in road accident.She added that Mrs Barr was in good health considering her age and would have lived for many years but for the tragic accident.Garda Niall Maguire of Falcarragh Garda station said the road conditions were good and that both cars were in good, road-worthy condition.He added that as a result of an investigation that speed was not an issue in the accident.The jury returned a verdict that death was due to injuries sustained form a road traffic accident.They also suggested that additional road signage should be erected at the scene of the crash.Coroner Cannon said to date this year there have been 96 deaths on Irish roads.“Today’s inquest shows that speed is not always a factor and it shows the inherent danger on our roads,” he said.EndsCORONER PLEADS WITH PEOPLE TO DRIVE SAFELY AFTER DEATH OF DONEGAL PENSIONER was last modified: July 5th, 2012 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:crash coronerDunleweyinquestMaggie BarrWilliam Barrlast_img read more