Latest news with #CREST
Time of India
19-05-2025
- Business
- Time of India
CREST to introduce RESCO model solar project for govt-built properties
Chandigarh: In a move to boost solar energy production and utilisation in the city, the Chandigarh Renewal Energy and Science and Technology Promotion Society (CREST) is set to introduce the RESCO ( Renewable Energy Service Company) model rooftop solar panel installation on govt-built properties. Considered as a significant revenue model, CREST has identified properties of the Chandigarh Housing Board (CHB) and Chandigarh municipal corporation to roll out these solar projects in Chandigarh, initially with 3-megawatt (MW) solar plants for each identified property of these govt entities. CREST has identified CHB's Sector 51 Housing Society, where this RESCO project will be first implemented. The authority held a meeting with the resident welfare association (RWA) of the society, following which the memorandum of understanding (MoU) was prepared. Later, the govt properties under the MC will be planned under the segment. The MC has already provided lists of their properties to CREST. "Under the RESCO model for government buildings, a private agency will bear the complete installation cost of the solar plant, requiring no financial investment from the Chandigarh administration. The revenue structure involves the agency selling the generated electricity to the Chandigarh Power Distribution Limited (CBDL) at Rs 4.96," UT officials said. "The RESCO project incorporates the Rent on Roof component, enabling government building owners to receive yearly payments. For instance, the CHB Sector 51 RWA anticipates an annual income of approximately rupees 30 lakhs, whilst the MC will similarly receive yearly earnings from the company post-installation of the solar project through this RESCO model," UT officials added. Though the exact financial details are being worked out, initial estimates suggest an investment of approximately Rs 15 crore for each 3-megawatt solar project under the RESCO model on these government properties. CREST has finalised the MoU and is now developing the tender document, considering various aspects including practical feasibility, longevity, and revenue potential. The tender will be floated once the document is complete. Imp Box: Project for pvt properties awaits nod The RESCO model solar plants project for private residential properties awaits approval from the Ministry of New and Renewable Energy (MNRE). Chandigarh administration submitted comprehensive documentation three months ago, requesting permission for 5 to 10-kilowatt capacity installations instead of the standard 3-kilowatt limit. The administration justified this request citing higher than national average power consumption in Chandigarh. Despite positive initial responses, formal approval remains pending. Under the model, residents can get rooftop solar power plants installed free of cost, as the company bears the cost of installation. The company operates and transfers the ownership of the plant to the homeowner after around 15 years. The UT proposal for the RESCO model began nearly five years ago and received approval from the Joint Electricity Regulatory Commission (JERC) in Jan 2023. The tendering process started in March 2023. The CREST put on hold the tender process for RESCO model implementation in February last year, which was in the final stages of work allotment for 40MWp. CREST had shortlisted four firms for the work allotment. It decided to wait for the central govt guidelines on the project. RESCOs will be selected by CREST through a competitive bidding process, with the build-operate-transfer (BOT) period as the bidding parameter.
Time of India
19-05-2025
- Business
- Time of India
CREST to introduce RESCO model solar project for govt-built properties
1 2 Chandigarh: In a move to boost solar energy production and utilisation in the city, the Chandigarh Renewal Energy and Science and Technology Promotion Society (CREST) is set to introduce the RESCO ( Renewable Energy Service Company) model rooftop solar panel installation on govt-built properties. Considered as a significant revenue model, CREST has identified properties of the Chandigarh Housing Board (CHB) and Chandigarh municipal corporation to roll out these solar projects in Chandigarh, initially with 3-megawatt (MW) solar plants for each identified property of these govt entities. CREST has identified CHB's Sector 51 Housing Society, where this RESCO project will be first implemented. The authority held a meeting with the resident welfare association (RWA) of the society, following which the memorandum of understanding (MoU) was prepared. Later, the govt properties under the MC will be planned under the segment. The MC has already provided lists of their properties to CREST. "Under the RESCO model for government buildings, a private agency will bear the complete installation cost of the solar plant, requiring no financial investment from the Chandigarh administration. The revenue structure involves the agency selling the generated electricity to the Chandigarh Power Distribution Limited (CBDL) at Rs 4.96," UT officials said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Flexible Phone Plans for Small Biz Undo "The RESCO project incorporates the Rent on Roof component, enabling government building owners to receive yearly payments. For instance, the CHB Sector 51 RWA anticipates an annual income of approximately rupees 30 lakhs, whilst the MC will similarly receive yearly earnings from the company post-installation of the solar project through this RESCO model," UT officials added. Though the exact financial details are being worked out, initial estimates suggest an investment of approximately Rs 15 crore for each 3-megawatt solar project under the RESCO model on these government properties. CREST has finalised the MoU and is now developing the tender document, considering various aspects including practical feasibility, longevity, and revenue potential. The tender will be floated once the document is complete. Imp Box: Project for pvt properties awaits nod The RESCO model solar plants project for private residential properties awaits approval from the Ministry of New and Renewable Energy (MNRE). Chandigarh administration submitted comprehensive documentation three months ago, requesting permission for 5 to 10-kilowatt capacity installations instead of the standard 3-kilowatt limit. The administration justified this request citing higher than national average power consumption in Chandigarh. Despite positive initial responses, formal approval remains pending. Under the model, residents can get rooftop solar power plants installed free of cost, as the company bears the cost of installation. The company operates and transfers the ownership of the plant to the homeowner after around 15 years. The UT proposal for the RESCO model began nearly five years ago and received approval from the Joint Electricity Regulatory Commission (JERC) in Jan 2023. The tendering process started in March 2023. The CREST put on hold the tender process for RESCO model implementation in February last year, which was in the final stages of work allotment for 40MWp. CREST had shortlisted four firms for the work allotment. It decided to wait for the central govt guidelines on the project. RESCOs will be selected by CREST through a competitive bidding process, with the build-operate-transfer (BOT) period as the bidding parameter.
Biz Bahrain
14-05-2025
- Business
- Biz Bahrain
Stc Bahrain achieves CREST Pathway+ Recognition
stc Bahrain, a digital enabler, has announced its achievement of the CREST Pathway+ recognition, marking a significant milestone in its commitment to delivering internationally benchmarked cybersecurity services. This recognition represents a key pillar of stc Bahrain's cybersecurity offerings and highlights its dedication to continuous improvement, adopting security best practices, and aligning with global cybersecurity standards. The CREST Pathway+ program is globally recognized for supporting cybersecurity providers in enhancing operational maturity and quality assurance standards. By attaining this recognition, stc Bahrain has aligned itself with industry-leading practices, reinforcing trust among clients and stakeholders. This achievement also positions stc Bahrain on the path to full CREST accreditation, enabling the delivery of advanced, reliable, and globally compliant cybersecurity services. Hisham Mustafa, Chief Business Officer at stc Bahrain, commented: 'Achieving CREST Pathway+ recognition reflects our commitment to providing trusted and high-quality cybersecurity services. This milestone demonstrates our focus on meeting international standards and delivering solutions that meet the evolving needs of our clients. It further strengthens our position as a reliable partner in cybersecurity and supports our vision of excellence in this critical field.' As a CREST Pathway+ organization, stc Bahrain has committed to adhering to CREST's Code of Conduct and Ethics while self-assessing against CREST's maturity standards. This recognition highlights stc Bahrain's proactive approach to operational excellence and its ability to deliver quality-assured cybersecurity solutions. This accomplishment solidifies stc Bahrain's role as a trusted provider of cybersecurity services, helping businesses and government entities safeguard their operations against emerging threats and challenges.
Zawya
04-05-2025
- Business
- Zawya
ZENDATA Cybersecurity partners with Reboot Coding Institute
Manama, Bahrain – ZENDATA Cybersecurity, a leading global cybersecurity solutions provider, is proud to announce its strategic partnership with Reboot Coding Institute (Reboot01), Bahrain's premier coding institute, to onboard and develop Bahraini cybersecurity talent for its operations in the region and beyond. This innovative collaboration reflects ZENDATA's unwavering commitment to fostering local competencies, driving regional innovation, and empowering the next generation of cybersecurity leaders. Through this partnership, ZENDATA is integrating Bahraini developers trained at Reboot01 into its multiple Cyber Security Products and R&D projects, directly supporting the security posture of its global clientele. "Reboot01 was founded on the belief that technology and innovation thrive when local talent is empowered and trusted," said Yanal Jallad, Managing Director of Reboot 01. "Our partnership with ZENDATA is a living testament to this vision. Together, we are enabling Bahraini developers to not only participate in but actively shape the future of cybersecurity on a global scale." ZENDATA's investment in local talent is part of its broader mission to create a sustainable cybersecurity ecosystem that leverages regional excellence to meet global security demands. This partnership will enable the company to further customize its services to meet regional needs while exporting Bahraini cybersecurity expertise to new markets in the MENA and APAC regions. "At ZENDATA, we are proud to put Bahraini talent at the heart of our innovation engine," said Isabelle Meyer, Co-Founder and Co-CEO of ZENDATA. "Our partnership with Reboot01 is more than just a recruitment initiative, it is a strategic investment in the future of cybersecurity, built on the extraordinary skills, determination, and creativity of Bahraini developers. We believe this collaboration will set a new benchmark for what it means to empower local talent while delivering world-class cybersecurity services." The partnership between ZENDATA and Reboot01 underscores a shared commitment to building sovereign technological capacity, fostering entrepreneurial spirit, and delivering cybersecurity excellence powered by local innovation and global ambition. About ZENDATA Cybersecurity ZENDATA is a leading cybersecurity company operating in Switzerland, the UAE, Bahrain, and Singapore. With a comprehensive portfolio spanning Threat Intelligence, SOC/MSSP (located in Geneva, Bahrain, Abu Dhabi, and Singapore), CREST Certified, Incident Response, Red Teaming, VCISO, VAPT, and Cyber Crisis Management, ZENDATA secures critical infrastructure, government, financial, and industrial sectors worldwide. About Reboot Coding Institute Reboot01 is Bahrain's leading coding institute and the Kingdom's largest tech talent hub, dedicated to delivering world-class education in programming, cybersecurity, and software development. Through innovative training models and partnerships with industry leaders, Reboot01 empowers Bahrain's youth to excel in the global digital economy.
Hamilton Spectator
02-05-2025
- Business
- Hamilton Spectator
Shell plc First Quarter 2025 Interim Dividend
London, May 2, 2025 − The Board of Shell plc (the 'Company') (XLON: SHEL, XNYS: SHEL, XAMS: SHELL) today announced an interim dividend in respect of the first quarter of 2025 of US$ 0.358 per ordinary share. Details relating to the first quarter 2025 interim dividend Shareholders will be able to elect to receive their dividends in US dollars, euros or pounds sterling. An alternative 'Electronic Election Entitlement' ('EEE') process is available in CREST for dividends with options elections. Absent any valid election to the contrary, persons holding their ordinary shares through Euroclear Nederland will receive their dividends in euros. Absent any valid election to the contrary, shareholders (both holding in certificated and uncertificated form (CREST members)) and persons holding their shares through the Shell Corporate Nominee will receive their dividends in pounds sterling. The pound sterling and euro equivalent dividend payments will be announced on June 9, 2025. Cash dividends on American Depositary Shares ('ADSs') will be paid, by default, in US dollars. Each ADS represents two ordinary shares. ADSs are evidenced by an American Depositary Receipt ('ADR') certificate. In many cases the terms ADR and ADS are used interchangeably. Dividend timetable for the first quarter 2025 interim dividend Note A different currency election date may apply to shareholders holding shares in a securities account with a bank or financial institution ultimately holding through Euroclear Nederland. This may also apply to other shareholders who do not hold their shares either directly on the Register of Members or in the corporate sponsored nominee arrangement. Shareholders can contact their broker, financial intermediary, bank or financial institution for the election deadline that applies. Taxation - cash dividends If you are uncertain as to the tax treatment of any dividends you should consult your tax advisor. Dividend Reinvestment Programmes ('DRIP') The following organisations offer Dividend Reinvestment Plans ('DRIPs') which enable the Company's shareholders to elect to have their dividend payments used to purchase the Company's shares: These DRIP offerors provide their DRIPs fully on their account and not on behalf of the Company. Interested parties should contact the relevant DRIP offeror directly. More information can be found at To be eligible to participate in the DRIPs for the next dividend, shareholders must make a valid dividend reinvestment election before the published date for the close of elections. Enquiries Media: International +44 (0) 207 934 5550; U.S. and Canada: Cautionary Note The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this announcement 'Shell', 'Shell Group' and 'Group' are sometimes used for convenience to reference Shell plc and its subsidiaries in general. Likewise, the words 'we', 'us' and 'our' are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ''Subsidiaries'', 'Shell subsidiaries' and 'Shell companies' as used in this announcement refer to entities over which Shell plc either directly or indirectly has control. The terms 'joint venture', 'joint operations', 'joint arrangements', and 'associates' may also be used to refer to a commercial arrangement in which Shell has a direct or indirect ownership interest with one or more parties. The term 'Shell interest' is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest. Forward-Looking statements This announcement contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management's current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Shell to market risks and statements expressing management's expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as 'aim'; 'ambition'; ''anticipate''; 'aspire'; 'aspiration'; ''believe''; 'commit'; 'commitment'; ''could''; 'desire'; ''estimate''; ''expect''; ''goals''; ''intend''; ''may''; 'milestones'; ''objectives''; ''outlook''; ''plan''; ''probably''; ''project''; ''risks''; 'schedule'; ''seek''; ''should''; ''target''; 'vision'; ''will''; 'would' and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this announcement, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell's products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks, including climate change; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, judicial, fiscal and regulatory developments including tariffs and regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, regional conflicts, such as the Russia-Ukraine war and the conflict in the Middle East, and a significant cyber security, data privacy or IT incident; (n) the pace of the energy transition; and (o) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this announcement are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Shell plc's Form 20-F for the year ended December 31, 2024 (available at and ). These risk factors also expressly qualify all forward-looking statements contained in this announcement and should be considered by the reader. Each forward-looking statement speaks only as of the date of this announcement, May 2, 2025. Neither Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this announcement. Shell's net carbon intensity Also, in this announcement we may refer to Shell's 'net carbon intensity' (NCI), which includes Shell's carbon emissions from the production of our energy products, our suppliers' carbon emissions in supplying energy for that production and our customers' carbon emissions associated with their use of the energy products we sell. Shell's NCI also includes the emissions associated with the production and use of energy products produced by others which Shell purchases for resale. Shell only controls its own emissions. The use of the terms Shell's 'net carbon intensity' or NCI is for convenience only and not intended to suggest these emissions are those of Shell plc or its subsidiaries. Shell's net-zero emissions target Shell's operating plan and outlook are forecasted for a three-year period and ten-year period, respectively, and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next three and ten years. Accordingly, the outlook reflects our Scope 1, Scope 2 and NCI targets over the next ten years. However, Shell's operating plan and outlook cannot reflect our 2050 net-zero emissions target, as this target is outside our planning period. Such future operating plans and outlooks could include changes to our portfolio, efficiency improvements and the use of carbon capture and storage and carbon credits. In the future, as society moves towards net-zero emissions, we expect Shell's operating plans and outlooks to reflect this movement. However, if society is not net zero in 2050, as of today, there would be significant risk that Shell may not meet this target. Forward-Looking non-GAAP measures This announcement may contain certain forward-looking non-GAAP measures such as adjusted earnings and divestments. We are unable to provide a reconciliation of these forward-looking non-GAAP measures to the most comparable GAAP financial measures because certain information needed to reconcile those non-GAAP measures to the most comparable GAAP financial measures is dependent on future events some of which are outside the control of Shell, such as oil and gas prices, interest rates and exchange rates. Moreover, estimating such GAAP measures with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Non-GAAP measures in respect of future periods which cannot be reconciled to the most comparable GAAP financial measure are calculated in a manner which is consistent with the accounting policies applied in Shell plc's consolidated financial statements. The contents of websites referred to in this announcement do not form part of this announcement. We may have used certain terms, such as resources, in this announcement that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website . LEI number of Shell plc: 21380068P1DRHMJ8KU70 Classification: Additional regulated information required to be disclosed under the laws of the United Kingdom
