logo
Andersen Consulting Expands into Pakistan with Collaborating Firm NEC Consulting

Andersen Consulting Expands into Pakistan with Collaborating Firm NEC Consulting

National Post4 days ago

Article content
SAN FRANCISCO — Andersen Consulting bolsters its sustainability offering through a Collaboration Agreement with NEC Consultants (Pvt) Ltd., an environmental and infrastructure consulting firm based in Pakistan.
Article content
Article content
Established in 2006, NEC Consultants provides environmental and engineering professional services. Their offerings include environmental assessments and audits, wastewater treatment plant design, energy audits, sustainability and circularity consulting, and training in environmental and energy efficiency.
Article content
Azher Uddin Khan, managing director of NEC Consulting, said, 'This collaboration with Andersen Consulting marks a significant milestone in our journey to provide innovative and sustainable solutions. By combining our local expertise with the organization's global reach, we are poised to address complex challenges and drive impactful change in Pakistan and beyond.'
Article content
Mark L. Vorsatz, global chairman and CEO of Andersen, added, 'Pakistan is a rapidly growing economy with enormous potential in infrastructure development and environmental sustainability. As the country continues to invest in large-scale public and private projects, the need for multidimensional services is greater than ever. By collaborating with NEC Consultants, we gain a competitive edge in a high-growth market.'
Article content
Andersen Consulting is a global consulting practice providing a comprehensive suite of services spanning corporate strategy, business, technology, and AI transformation, as well as human capital solutions. Andersen Consulting integrates with the multidimensional service model of Andersen Global, delivering world-class consulting, tax, legal, valuation, global mobility, and advisory expertise on a global platform with more than 20,000 professionals worldwide and a presence in over 500 locations through its member firms and collaborating firms. Andersen Consulting Holdings LP is a limited partnership and provides consulting solutions through its member firms and collaborating firms around the world.
Article content
Article content
Article content
Article content
Article content

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Solos Energy Launches New Calgary Office, Bringing Trusted Solar Expertise to Southern Alberta
Solos Energy Launches New Calgary Office, Bringing Trusted Solar Expertise to Southern Alberta

Globe and Mail

timean hour ago

  • Globe and Mail

Solos Energy Launches New Calgary Office, Bringing Trusted Solar Expertise to Southern Alberta

Solos Energy, a Canadian solar company founded in 2021 by Dutch entrepreneurs Maarten Vos and Liza Klingers, has opened a new office in Calgary, expanding its services across Southern Alberta (including Airdrie, Cochrane, Okotoks, and more). Known for its practical, transparent approach and European-style efficiency, the company offers full-service solar solutions—from custom design to installation and ongoing support. Calgary, AB - May 31, 2025 - Solos Energy, a Canadian-owned solar company founded in 2021, is excited to announce the launch of its Southern Alberta service region, now serving Calgary, Airdrie, Cochrane, Okotoks, Chestermere, and surrounding communities. Founded by Maarten Vos and Liza Klingers, originally from the Netherlands, Solos Energy brings a practical, no-nonsense approach to solar, influenced by their experience in a country where rooftop solar is the norm. Since launching, the company has completed hundreds of installations across British Columbia, blending European efficiency with local expertise. 'In the Netherlands, solar is a standard choice — one in four homes has panels on the roof,' says Maarten Vos, co-founder of Solos Energy. 'Alberta gets even more sunshine, so it just makes sense. We're here to make solar simple, accessible, and cost-effective.' The new branch will be led by Jake Cohen, Solos Energy's Chief Operating Officer and a Calgary native, who brings deep local knowledge and hands-on experience in the solar industry. He will oversee all operations across the Southern Alberta region. 'We're excited to have someone of Jake's caliber on the ground,' adds Liza Klingers. 'He understands our standards and shares our passion for delivering exceptional customer experiences.' Solos Energy offers complete solar solutions for homes and businesses, including: Every project is overseen by a dedicated project manager, who handles communication, permitting, and rebate coordination from start to finish. Installations are completed by in-house, licensed electricians and highly trained solar professionals. Solos Energy is proudly NABCEP-credentialed, meeting the highest industry standards for quality and safety. 'We believe in clear communication and complete transparency,' says Klingers. 'From day one, our clients know what to expect and what it will cost — no surprises.' Solos Energy also educates and supports homeowners in accessing available incentives, including the Canada Greener Homes Loan, provincial rebates, and Micro-generation Programs — making solar more affordable and accessible for Albertans. With Alberta's solar market expected to grow steadily in the coming years, Solos Energy is committed to investing locally — hiring and training staff based in Southern Alberta, including apprentices, to deliver consistent, high-quality service throughout the region. Media Contact Company Name: Solos Energy Contact Person: Maarten Vos Email: Send Email Phone: (587) 299-3536 Address: 27 Crestbrook Link City: Calgary State: Alberta Country: Canada Website:

This Soaring Hypergrowth Technology Stock Still Has Plenty of Room to Run
This Soaring Hypergrowth Technology Stock Still Has Plenty of Room to Run

Globe and Mail

time2 hours ago

  • Globe and Mail

This Soaring Hypergrowth Technology Stock Still Has Plenty of Room to Run

Coupang (NYSE: CPNG) stock, which had been trading above $25 in mid-February, sank to less than $20 in early April amid the market's negative reaction to President Donald Trump's tariffs. However, as of this writing, it sits at $28.45, a level it hadn't seen since the end of 2021. The South Korea-based e-commerce and technology company has kept growing its market share in its home market, and it's beginning to successfully expand into another country. Yet even with Coupang's market cap now surpassing $51 billion, there is still plenty of room for its stock to run in 2025 and through the rest of the decade. The South Korean Amazon Shoppers in South Korea are flocking to Coupang. It has more than 20 million accounts in the country, which has a population of 52 million, and many of those accounts represent households with multiple people. Why is the platform seeing so much success? Because Coupang has built up an incredible e-commerce shipping system. It offers same-day delivery, as well as overnight delivery by 7 a.m. for orders placed by midnight the day before. Returns can be handled simply by leaving an item in a Coupang reusable package outside your door. The free delivery for groceries and food delivery services it offers are much better than even Amazon manages. All this is included for a cheap monthly subscription to its Rocket Wow program, which also includes a streaming video service. Through scale, automation, and brute-force efficiency, Coupang has been able to offer this incredible shopping experience while still generating positive cash flow. On $31 billion in revenue over the past 12 months, the company has generated $1 billion in free cash flow. This was with revenue growing by 21% year-over-year on a currency-neutral basis and gross profit growing 31% year-over-year last quarter. South Korea's annual retail spending amounts to hundreds of billions of dollars, so the company has a ton of room to keep expanding in its home market. Adding another country with high growth potential Management is not stopping at South Korea. It recently launched the Coupang e-commerce model in Taiwan with great success. The business segment that houses the Taiwan unit grew its revenue by 78% year-over-year last quarter to $1 billion on a currency-neutral basis. While that segment is unprofitable today, Taiwan -- a rich and densely populated nation of around 23 million people -- is a similar market in many regards to South Korea -- and customers there will likely quickly come to appreciate the Coupang model. Taiwan and the rest of what Coupang calls its "developing offerings" segment lost $168 million in adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) last quarter, which was a headwind to its consolidated profits. However, I believe these expansions will drive a long-term advantage for Coupang. Management can funnel some of the profits it reaps in South Korean e-commerce to build up scale in Taiwan, which should eventually have similar economic characteristics to its home market. This expansion adds tens of billions of dollars to Coupang's addressable market, and Taiwan is only the second country it has launched its e-commerce platform in so far. CPNG Revenue (TTM) data by YCharts. Why Coupang stock still has room to run I believe the party is just getting started for Coupang stock. Its South Korean e-commerce sales should keep rising steadily in the years to come, while Taiwan will deliver explosive growth. Adding to the appeal for investors is that the Korean won has recently been appreciating versus the U.S. dollar, which will make Coupang's revenue and profits more impactful for American investors. The company also got a bargain deal when it acquired the Farfetch luxury shopping platform out of bankruptcy. Its offerings should be well-suited to the South Korean market, which spends relatively heavily on fashion and luxury. Add everything together and I think Coupang is well on its way to $50 billion in revenue and eventually $100 billion in annual sales by the end of the decade. Management is guiding for its profit margin to reach around 10% at scale, which would equate to $10 billion in annual earnings on $100 billion in revenue. In all likelihood, Coupang's market cap will approach $200 billion or higher if the company generates $10 billion in annual income. That would be a price-to-earnings ratio (P/E) of around 20 -- not a demanding earnings multiple for investors to expect. Today, its market cap is barely over $50 billion, so this calculation points to the stock gaining 300% or more over the next five years. In that light, the stock looks like a buy for long-term investors even after its bump so far this spring. Don't miss this second chance at a potentially lucrative opportunity Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $360,955!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $37,958!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $638,985!* Right now, we're issuing 'Double Down' alerts for three incredible companies, available when you join Stock Advisor, and there may not be another chance like this anytime soon. *Stock Advisor returns as of May 19, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Brett Schafer has positions in Amazon and Coupang. The Motley Fool has positions in and recommends Amazon. The Motley Fool recommends Coupang. The Motley Fool has a disclosure policy.

Innergex and MMBC Announce Construction Financial Close of the Mesgi'g Ugju's'n 2 Wind Project
Innergex and MMBC Announce Construction Financial Close of the Mesgi'g Ugju's'n 2 Wind Project

Globe and Mail

time12 hours ago

  • Globe and Mail

Innergex and MMBC Announce Construction Financial Close of the Mesgi'g Ugju's'n 2 Wind Project

LONGUEUIL, QC , May 30, 2025 /CNW/ - Innergex Renewable Energy Inc. (TSX: INE) ("Innergex" or the "Corporation") and Mi'gmawei Mawiomi Business Corporation ("MMBC") are pleased to announce the closing of the financing for the construction and operation of the 102 MW Mesgi'g Ugju's'n 2 Wind Project. The financing consists in a $163.9 million green loan, an interconnection bridge loan of $41.0 million and a LC facility of $10.2 million with CIBC, Desjardins Group and National Bank of Canada as Lenders, Joint Bookrunners, Coordinating Lead Arrangers and Green Loan Coordinators. The financing was informed by the Green Loan Principles and the Desjardins Group acted as Administrative Agent for the senior lenders syndicate. "We are proud to reach financial close on Mesgi'g Ugju's'n 2 and to continue advancing a project that is deeply rooted in collaboration, sustainability and regional economic impact," said Michel Letellier , President and Chief Executive Officer of Innergex. "We thank MMBC and the Mi'gmaq communities for their continued trust and partnership. This project is a powerful example of how strong Indigenous-led partnerships and clean energy development go hand in hand to generate economic and environmental value." "This project represents more than megawatts on the grid, it is a testament to Mi'gmaq leadership in the energy transition," said Frederic Vicaire , CEO of MMBC. "Through our equal partnership with Innergex and the support of key financial institutions, we are demonstrating that Indigenous-led clean energy projects can be ambitious, innovative and deeply rooted in reconciliation and economic empowerment." Mesgi'g Ugju's'n 2 is a 102 MW wind project to be located in the MRC d'Avignon and an extension to the existing 150 MW Mesgi'g Ugju's'n wind facility commissioned in 2016. The wind project is the result of a 50-50 renewed partnership between Innergex and the three Mi'gmaq communities in Quebec – Gesgapegiag, Gespeg and Listuguj – represented by MMBC. The project recently obtained the government decree authorizing construction and major contract negotiations have advanced significantly, including the execution of the Balance of Plant agreement (BOPA) with Borea Construction and the Turbine Supply Agreement (TSA) with Nordex. These key milestones enable the teams to proceed with construction preparation and pave the way for activities to ramp up in the coming months. Upon its commissioning scheduled in 2026, the electricity to be produced by Mesgi'g Ugju's'n 2 will be sold under a 30-year "take-or-pay" power purchase agreement indexed to 25% inflation with Hydro-Québec. The project financing includes a subordinated construction loan of $92.5 million and an equity loan of $15.4 million provided by a Canadian financial institution, demonstrating the innovative structuring approach behind this Indigenous-led wind project. Plan A Capital, as mandated financial advisor for MMBC, structured and sourced an equity loan from a Canadian financial institution to Mesgi'g Ugju's'n 2 Holding L.P. About Mi'gmawei Mawiomi Business Corporation Mi'gmawei Mawiomi Business Corporation ("MMBC") is an organization established by the three Mi'gmaq communities located on the territory of Gespe'gewa'gi, namely, Gesgapegiag, Gespeg and Listuguj . MMBC is the economic arm of the three Mi'gmaq communities, and its mission is to create and manage wealth, and initiate business opportunities in the sustainable development of natural resources, as well as in services and knowledge industries. Through investments, acquisitions, and the establishment of partnerships and diverse business ventures, MMBC's goal is also to support meaningful improvement in employment and economic security. For more info, see About Innergex Renewable Energy Inc. For 35 years, Innergex has believed in a world where abundant renewable energy promotes healthier communities and creates shared prosperity. As an independent renewable power producer which develops, acquires, owns and operates hydroelectric facilities, wind farms, solar farms and energy storage facilities, Innergex is convinced that generating power from renewable sources will lead the way to a better world. Innergex conducts operations in Canada , the United States , France and Chile and manages a large portfolio of high-quality assets currently consisting of interests in 91 operating facilities with an aggregate net installed capacity of 3,737 MW (gross 4,693 MW), including 42 hydroelectric facilities, 36 wind facilities, 10 solar facilities and 3 battery energy storage facilities. Innergex also holds interests in 16 projects under development with a net installed capacity of 915 MW (gross 1,547 MW), 5 of which are under construction, as well as prospective projects at different stages of development with an aggregate gross installed capacity totaling 10,288 MW. Its approach to building shareholder value is to generate sustainable cash flows and provide an attractive risk-adjusted return on invested capital. To learn more, visit or connect with us on LinkedIn. Cautionary Statement Regarding Forward-Looking Information To inform readers of the Corporation's future prospects, this press release contains forward-looking information within the meaning of applicable securities laws ("Forward-Looking Information"), including the Corporation's growth targets, power production, prospective projects, successful development, construction and financing (including tax equity funding) of the projects under construction and the advanced-stage prospective projects, sources and impact of funding, project acquisitions, execution of project-level financing (including the timing and amount thereof), and strategic, operational and financial benefits and accretion expected to result from such acquisitions, business strategy, future development and growth prospects, business integration, governance, business outlook, objectives, plans and strategic priorities, and other statements that are not historical facts. Forward-Looking Information can generally be identified by the use of words such as "approximately", "may", "will", "could", "believes", "expects", "intends", "should", "would", "plans", "potential", "project", "anticipates", "estimates", "scheduled" or "forecasts", or other comparable terms that state that certain events will or will not occur. It represents the projections and expectations of the Corporation relating to future events or results as of the date of this press release. Forward-Looking Information includes future-oriented financial information or financial outlook within the meaning of securities laws, including information regarding the Corporation's targeted production, the estimated targeted revenues and production tax credits, targeted Revenues and Production Tax Credits Proportionate, targeted Adjusted EBITDA and targeted Adjusted EBITDA Proportionate, targeted Free Cash Flow, targeted Free Cash Flow per Share and intention to pay dividend quarterly, the estimated project size, costs and schedule, including obtainment of permits, start of construction, work conducted and start of commercial operation for Development Projects and Prospective Projects, the Corporation's intent to submit projects under Requests for Proposals, the qualification of U.S. projects for PTCs and ITCs and other statements that are not historical facts. Such information is intended to inform readers of the potential financial impact of expected results, of the expected commissioning of Development Projects, of the potential financial impact of completed and future acquisitions and of the Corporation's ability to pay a dividend and to fund its growth. Such information may not be appropriate for other purposes. Forward-Looking Information is based on certain key assumptions made by the Corporation, including, without restriction, those concerning hydrology, wind regimes and solar irradiance; performance of operating facilities, acquisitions and commissioned projects; availability of capital resources and timely performance by third parties of contractual obligations; favourable economic and financial market conditions; average merchant spot prices consistent with external price curves and internal forecasts; no material changes in the current assumed U.S. dollar to Canadian dollar and Euro to Canadian dollar exchange rate; no significant variability in interest rates; the Corporation's success in developing and constructing new facilities; no adverse political and regulatory intervention; successful renewal of PPAs; sufficient human resources to deliver service and execute the capital plan; no significant event occurring outside the ordinary course of business such as a natural disaster, pandemic or other calamity; continued maintenance of information technology infrastructure and no material breach of cybersecurity. Forward-Looking Information involves risks and uncertainties that may cause actual results or performance to be materially different from those expressed, implied or presented by the Forward-Looking Information. These are referred to in the "Risks and Uncertainties" section of the Annual Report and include, without limitation: equipment supply; global climate change: variability in hydrology, wind regimes and solar irradiance; global climate change: extreme weather events; IT security risks and cyberattacks; increase in water rental cost or changes to regulations applicable to water use; performance of major counterparties, delays, cost overruns; non compliance with project site regulatory requirements leading to penalties, fines and other consequences; impact of failure to comply with project's environmental commitments or requirements throughout project lifetime; equipment failure, unexpected operations and maintenance activity and increased asset maintenance on ageing equipment; health and safety risks; availability and reliability of transmission systems; resource assessment and performance variability; preparedness to facing natural disasters and force majeure; pandemics, epidemics or other public health emergencies; inability to secure new profitable PPAs; inability to renew PPAs at adequately profitable prices; failure to bring projects into commercial operation within contractually stipulated delay; regulatory and political risks; risks related to U.S. production and investment tax credits, changes in U.S. corporate tax rates and availability of tax equity financing; increases in operational cost and financial uncertainty surrounding development of new facilities; social acceptance of renewable energy projects; inability to secure appropriate land; obtainment of permits; volatility of supply and demand in the energy market; exposure to many different forms of taxation in various jurisdictions; purchaser's inability to fulfill contractual obligations or refusal to accept delivery of power under power purchase agreements or power hedges; changes in governmental support to increase electricity to be generated from renewable sources by independent power producers; fluctuations affecting prospective power prices; relationships with Indigenous communities and stakeholders; inability of the Corporation to execute its strategy for building shareholder value; inability to raise additional capital and the state of the capital market; liquidity risks related to derivative financial instruments; interest rate fluctuations and refinancing; foreign exchange fluctuations; changes in general economic conditions; financial leverage and restrictive covenants governing current and future indebtedness; possibility that the Corporation may not declare a dividend or may reduce the amount of the dividend; insufficiency of insurance coverage; litigation; credit rating may not reflect actual performance of the Corporation or a lowering (downgrade) of the credit rating; revenues from certain facilities will vary based on the market (or spot) price of electricity; host country economic, social and political conditions; reliance on intellectual property and confidentiality agreements to protect the Corporation's rights and confidential information; reputational risks arising from misconduct of representatives of the Corporation; and ability to attract new talent or to retain officers or key employees. For more information on the risks and uncertainties that may cause actual results or performance to be materially different from those expressed, implied or presented by the forward-looking information or on the principal assumptions used to derive this information, please refer to the "Forward-Looking Information" section of the Management's Discussion and Analysis for the year ended December 31, 2024 .

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store