Tap pension funds to finance nuclear plant, government urged

first_img“Pension funds really want to invest in infrastructure, and there’s no shortage of capital if the projects are structured in the right way with the right risk/return characteristics,” he told IPE.“[Wylfa Newydd] is a large project, relatively early in planning. The Thames Tideway is a pretty good model, so why not think about something similar?”The government has granted some guarantees to Thames Tideway investors, and it began paying backers a yield as soon as construction started.Weston added: “Thames Tideway was quite a success in accessing pension fund capital. It is an option that was proven to work. I’m not saying it would be exactly the same – it’s very different building a nuclear power station to digging a tunnel underneath London – but it’s a big construction project that will take a number of years to get built. It makes sense to look at Thames Tideway and see if those basic building blocks can be applied.”In July last year, Dalmore Capital – which manages money on behalf of the PiP – formed part of the Bazalgette Consortium that will finance the £4.2bn (€5bn) Thames Tideway Tunnel.In addition to Dalmore, the group included Allianz Capital Partners, Amber Infrastructure Group, DIF and Swiss Life Asset Managers.Last week, the PiP announced its first co-investment arrangement with founding investor Railpen.The £21bn pension fund invested alongside the platform to provide £20.3m of funds to refinance debt linked to a portfolio of nearly 2,000 rooftop solar panels. The UK government should utilise pension scheme demand for infrastructure to help fund a new nuclear power plant in North Wales, according to the chief executive of the Pensions Infrastructure Platform (PiP).Mike Weston, who has led the PiP since its formation in 2014, said the government should consider a similar funding structure to that employed in 2015 when securing institutional backing for the Thames Tideway Tunnel, a project to modernise London’s sewers.The site for the nuclear power station in Wylfa Newydd on the island of Anglesey is owned by Hitachi.The company is reportedly in talks with the Japanese government to secure funding for its construction, but Weston argued that it could be an ideal investment for UK pension funds.last_img read more

Cortez Subsea Sets Up New Team in Cairo

first_imgCortez Subsea has strengthened its pipeline engineering capabilities with the formation of a new team in Cairo.Six staff members have joined the company to deliver work globally.Among the new recruits is Mohamad Fathy who heads up the team. “I am thrilled to have the opportunity to help deliver opportunities for the company. Cortez is in a strong position, having invested in its team and resources steadily this year so far,” said Fathy.In support of project wins in 2019 Cortez Subsea currently employs 50 people in the UK, Malaysia and in Cairo.Managing director of Cortez Subsea in the UK, Alasdair Cowie, said: “We have enjoyed steady growth since 2019 when we were awarded a contract to lay the first ever mechanically connected pipeline offshore Malaysia.“We also continue to build on our track record in delivering inspection campaigns worldwide.“The team in Cairo means we can continue to strengthen our presence and adds additional skills and experience to our team.”last_img read more

Saturday Local Sports Results

first_imgGirls GolfHamilton Southeastern wins Golf Regionals at New Castle.Batesville places 14th.Madison McCreary misses out in going to The State Finals by losing in a one hole, 3 person playoff.Brittany Biltz-Greensburg scores a 94 individually as her season finishes up.Batesville Golf Regionals at New Castle (9-28)Submitted by Batesville Coach Tom Meyer and The IHSAA.Boys TennisBatesville Tennis Team EIAC Champs.Batesville EIAC Tennis TourneySubmitted by Batesville Coach Mike McKinney.VolleyballBatesville Lady Bulldogs win The Cougar Invitational.Bailey Baumer named Tourney MVP.Rylee Goldsmith named to the All-Tourney Team.Batesville vs. Greenfield Central (9-28)Batesville vs. Bloomington South (9-28)Batesville vs. Plainfield (9-28)Batesville vs. Mt Vernon (9-28)Submitted by Batesville Coach Jody Thomas with Max Preps.Cross CountrySouthport Invitational at Indy.Batesville Boys place 10th.Batesville Boys CC at Southport InvitationalBatesville Girls Team Champs.Batesville Girls CC at Southport InvitationalSubmitted by Batesville Coaches Tom Barnett and Lisa Gausman.Girls SoccerLawrenceburg shuts out Greensburg 4-0.Greensburg at Lawrenceburg (9-28)Submitted by VarVee.Batesville blanks Franklin County 7-0.|Batesville vs. FC (9-28)Submitted by Batesville Coach Kyle Laker.Boys SoccerConnersville defeated Oldenburg Academy 5-3.Oldenburg Academy at Connersville (9-28)Submitted by VarVee.Batesville Varsity and Roncalli battle to a 1-1 tie.Roncalli JV won 1-0.Submitted by Batesville Coach Chris Fox.last_img read more

Dance to be held tonight in Brookville

first_imgBrookville, IN —According to the Franklin County Observer, The Brookville Town Board donated the use of the Schilling Center for a spring dance, being held tonight, for young people around the ages of 13-14 years.It is reported that little discussion took place concerning the risks involved with a large indoor gathering of young people while the State of Indiana is experiencing an increase in the number of positive cases of COVID-19.The Ripley County Health Department just cautioned the community this week that read those that attended the Prom at RomWeber in Batesville on July 11 were likely to have been exposed to COVID-19. The Franklin County Health Department was not aware of the spring dance at the Schilling Center.last_img

Lloris ‘watchful’ of De Gea future

first_img Lloris is reportedly on a United shortlist of possible replacements for De Gea, who is said to be considering his future with only one year left on his Old Trafford contract and Madrid keen on taking him back to Spain. In comments carried in The Sun, Lloris said: “For the moment there is a goalkeeper at United and we are watchful of his situation. You have to keep a certain calm with all this. Press Association Tottenham goalkeeper Hugo Lloris has indicated he would be open to a move to Manchester United if David de Gea leaves for Real Madrid.center_img “If things should happen then they’ll happen naturally.” Lloris, 28, joined Spurs from Lyon in 2012 and has made 99 league appearances. He is under contract at White Hart Lane until 2019. last_img read more

Wilson hat-trick earns Cherries win

first_img Having played well in their opening two league games and having nothing to show for it, Cherries’ boss Eddie Howe kept faith in the team that lost at Liverpool and they were the better side here and fully deserved their 4-3 win. Darren Randolph replaced the suspended Adrian in goal for the hosts and much was made of the fact he had shipped 16 goals in his last three games against the Cherries. Callum Wilson scored a memorable hat-trick as Bournemouth picked up their first-ever Premier League victory in style at the expense of 10-man West Ham. But the fact he was named West Ham’s official man of the match speaks volumes for how badly the rest of his team-mates performed as Aaron Cresswell presented the visitors with their opening two goals and Carl Jenkinson became the fifth West Ham player to be sent off this season. Wilson struck twice in the first-half with the Hammers all over the place but an early charge after the interval saw Slaven Bilic’s side pull level through a Mark Noble penalty and a Cheikhou Kouyate goal. Any hopes of a remarkable turn around were ended when substitute Marc Pugh put Bournemouth back in front, with Wilson completing his hat-trick from the penalty spot after Jenkinson had been dismissed for pulling back Max Gradel. West Ham got one back through substitute Modibo Maiga but no late onslaught arrived and Bournemouth collected their first three points of the campaign. Winston Reid had the ball in the net after six minutes but the New Zealand defender saw his goal chalked off for an obvious push on Bournemouth skipper Tommy Elphick. But the visitors snaffled away their first chance of the game as Simon Francis caught Cresswell in possession before cutting back for Wilson to thrash home his first Premier League goal. A first-half drinks break did not help West Ham get a foothold in the game and failed to clear Cresswell’s mind as, under no pressure, last season’s player of the year inexplicably gifted possession to Wilson inside the Hammers’ penalty area and the 23-year-old coolly added his second. Gradel should have added the third goal in first-half stoppage time but saw his effort saved well by Randolph after Wilson had easily escaped the attention of early substitute James Tomkins to set him free. Matt Jarvis came on at half-time for ineffective skipper Kevin Nolan and it was the man who took the armband who got the Hammers back into the game as they turned up the heat after the interval. Noble was tripped inside the box by King after Payet’s initial free-kick had been punched into the air by Artur Boruc and he dusted himself off to convert the resulting penalty. West Ham were level seven minutes later as Diafra Sakho’s turn and shot was palmed out by Boruc, with Kouyate on hand to turn home the rebound and level the contest. Pugh showed that the visitors still had designs on taking all three points but his stinging drive was met by another smart stop from Randolph but the former Birmingham stopper could do nothing moments later as Pugh made up the ground to latch onto Gradel’s pass and dodge two challenges before curling home. Things went from bad to worse for the Hammers as Jenkinson was beaten to a long ball by Gradel and then pulled the tricky winger back inside the box, conceding a penalty and a red card as a result. Wilson stepped up to complete his hat-trick, with his penalty just evading the sprawling Randolph – but the points were still not sealed as Maiga reduced the arrears with a good solo effort. That proved to be the last goal of a breathless encounter as Bournemouth saw out six minutes of added time to seal an historic win. TWEET OF THE MATCH “BREAKING: West Ham in talks to sell Olympic stadium to Leyton Orient!” – Craig Burley makes light of West Ham’s struggle. https://twitter.com/CBurleyESPN/status/635102533585895424 PLAYER RATINGS West Ham – Darren Randolph: 7 (Out of 10) Carl Jenkinson: 3 Angelo Ogbonna: 5 Winston Reid: 5 Aaron Cresswell: 3 Pedro Obiang: 5 Mark Noble: 6 Cheikhou Kouyate: 5 Dimitri Payet: 5 Kevin Nolan: 5 Diafra Sakho: 6 Subs – James Tomkins: 5 Matt Jarvis: 5 Modibo Maiga: 7 Bournemouth – Artur Boruc: 6 Simon Francis: 8 Steve Cook: 7 Tommy Elphick: 7 Charlie Daniels: 7 Matt Ritchie: 6 Eunan O’Kane: 6 Andrew Surman: 6 Max Gradel: 8 Joshua King: 6 Callum Wilson: 9 Subs – Marc Pugh: 7 Dan Gosling: 6 Adam Smith: 5 STAR PLAYER Callum Wilson: Easy to pick the hat-trick hero as Bournemouth’s best player but he was run close. Gradel was also superb down the left for the visitors but, if they are to stay up, it will be the goals of Wilson that likely make the difference. Took his first two with aplomb and had the confidence to step up for what proved to be the match-winning penalty. MOMENT OF THE MATCH Callum Wilson: The Cherries’ top goalscorer from their promotion season showed he can cut the mustard in the Premier League as he thrashed home the game’s opening goal. Francis cut it back and the 23-year-old was on hand to score Bournemouth’s first-ever Premier League goal. VIEW FROM THE BENCH Two home matches and two home defeats for Bilic, the opening weekend victory over Arsenal must seem a long time ago. He also upset the fans by hauling off Angelo Ogbonna and Diafra Sakho as he looked to alter things. Howe sees his side pick up their first points having impressed in their first two games. MOAN OF THE MATCH In amongst seven goals, comical defending and entertaining football, West Ham picked up their fifth red card of the campaign as Jenkinson was given his marching orders for pulling back Gradel. Having been well-behaved enough to get into the Europa League, they have no chance of doing that this time – small solace for Bilic at least. WHO’S UP NEXT Liverpool v West Ham (Premier League, Saturday August 29) Hartlepool v Bournemouth (Capital One Cup, Tuesday August 25) Press Associationlast_img read more

FIFA boss wields funding threat to make FAs put their houses in order

first_imgBy Brian HomewoodZURICH,(Reuters)-Soccer’s governing body FIFA is cutting off cash to national football associations that fail to meet basic standards of transparency as its new boss works to clean up the sport after years of corruption scandals.FIFA president Gianni Infantino said in an interview this week that the organisation was keeping a closer eye on its 211 member associations (FAs) to ensure they use funds properly and are not subject to political interference.FIFA told Reuters that 23 FAs, more than 10 percent of the total, currently have their funding blocked for failing to meet the requirements. It did not identify them or say when FIFA had cut off their money.Infantino, elected in February to replace the disgraced Sepp Blatter, said FIFA had set up 11 regional offices around the world to keep a closer eye on the FAs.“I want to make sure we have systems in place where we can assist and monitor all associations on a regular basis so we are not taken by surprise by a given country,” he said.Some of the requirements were very basic, such as producing audited financial statements, which he said “seems obvious but didn’t happen in many countries.”“If you want to be eligible (for funding) you need to be able to show your revenues, your costs, basic things.”In more serious cases, FIFA can intervene or even suspend FAs. The world body took over the running of the Argentine FA in June after it became immersed in a financial and governance crisis, including a presidential election which ended in a 38-38 tie even though only 75 delegates had a vote.Guatemala was suspended from international football last week after its members refused to cooperate with a FIFA-appointed committee, set up after two top officials were among dozens of international soccer figures indicted last year in the United States for racketeering, money-laundering and bribery.But Infantino said FAs often needed guidance rather than sanctions. “Rather than shooting at them, we need to sit with them, tell them to show us the books and (explain) how we can help.”THIN LINEMany FAs around the world are plagued by infighting and administrative problems, even to the extent that they struggle to fulfil international fixtures.In one case, a mix-up over payments to a charter airline led to Nigeria’s team getting temporarily stranded in Atlanta and arriving at the Rio Olympics hours before their opening match kicked off.Infantino said it was never easy to decide when to intervene and the dividing line was often thin, especially in some African countries where the FAs depend heavily on funds from their respective sports ministries.During the interview, he was asked to comment on a photograph taken earlier this year of an African sports minister addressing the national side during a training session, a sight that would raise eyebrows in Europe.Did that constitute political interference?“It depends on what he says,” he said. “If he is setting up (picking) the team, then that’s not (allowed), obviously. But, if he is wishing them good luck for the next game and motivating them, then it’s okay.”Sometimes, the issue was clear-cut, however.“There are situations that we cannot accept, especially when, after negative sporting results, a government or a ministry just kicks out a whole federation and appoints a (new) president,” he said. “Then we intervene.”last_img read more

USG hopes to renovate Leavey

first_imgTuesday night’s USG Senate Meeting featured presentations from Academic Affairs, the Marketing and Special Events branches of USG’s Program Board and the Center for Excellence in Teaching.Academic Affairs Director Michael Yoshimura reported on his organization’s meetings with USC Information Technology Services and the dean of libraries.Yoshimura said ITS plans to switch all students from the old webmail server to Google Apps.“ITS wants us to switch everyone over to Google Apps from the old system. It’s more secure, you get more storage; all in all, it’s an easier system to work with,” Yoshimura said.ITS wants to implement an online database for four-year course plans, similar to one used at Arizona State University. ITS employees are also conducting a wireless walkthrough to point out areas of bad service on campus and add routers if needed.Yoshimura also told the Senate about a meeting with the dean of libraries to move forward on a $20 million renovation to Leavey Library.“We’re expecting an overwhelming amount of people to support Leavey renovations,” Yoshimura said. “This is a student-driven issue, and students expect Leavey to be updated for the 21st century.”Yoshimura announced that there will be an ITS help desk in front of Leavey Library for finals week to assist students with issues regarding USC Wireless and their USC email accounts, and a “New Library Hours” infographic will be posted at university libraries.After Yoshimura spoke, the meeting shifted to Program Board’s marketing team. Jojo Zhang, social media assistant director of Program Board, and Paola Fernandez, historian assistant director of Program Board, discussed recent successes of their organization, such as increasing the number of likes on USG’s Facebook page from 900 to nearly 2,400 in the past few months.The directors said changes in recruitment have helped the organization improve.“We wanted to improve the committee’s strength,” Zhang said.In previous years, Zhang said members didn’t have a lot of responsibility. New committees within marketing have increased the committee’s personnel. Extra committee members will be crucial in promoting upcoming events such as Conquest, Zhang said.“We have about 30 members now, which is a huge boost,” Zhang said.Special Events Committee Director Kim Chu presented on upcoming events.Special Events sponsored several events on campus this fall, including the “Welcome Back Comedy Show with Jay Pharoah.”“Our goal is to provide unique and impactful experiences to reach the widest range of USC students,” Chu said.Finally, Undergraduate Fellow Nick Kosturos from the Center for Excellence in Teaching announced plans for an upcoming seminar that will allow USC students to give a 20-minute presentation on a topic of their choice.“We’re hoping to make these seminars a regular occurrence,” Kostorous said.The goal of the seminar is promoting extracurricular learning on campus and giving students a platform to present on topics.“The idea is it’s led for students by students … We’re trying to find out what students are passionate about,” Kostorous said.The seminar, titled “Sparking Intellectual Curiosity at USC,” will take place in the Taper Hall of Humanities on Nov. 21. Follow us on Twitter @dailytrojanlast_img read more

Dirty Birds, revenge on the menu for Gentle Clowns in annual softball game

first_imgSometimes good things happen to bad people.That’s the only possible explanation for The Daily Cardinal’s Dirty Birds’ recent softball success of the last half decade.But the karma that has waited for far too long will finally unleash its hellbent revenge in the form of The Badger Herald’s Gentle Clowns at Vilas Park this weekend.“UW Hospital told me they’re good to go for Saturday,” BH Publisher and club general manager John “@Johnnieb2good” Batterman said, still sporting sunglasses in response to a hangover possibly related to the Fiji Islander party. “You shoulda been there, man, but anyway they’ve got like 100 beds reserved, plus another 50 for the all those Dirty Bird groupies, who just keep multiplying. I swear to God.”Due to an underground smuggling operation that involved the exchange of pamphlets — or “newsletters” as the Dirty Birds refer to their product — for a a few paperclips, a couple of buttons and some lint clumps, the filthy fliers managed to purchase some rather talented hobos to win a certain number of games in a row.However, no one at the Herald, including current Editor-in-Chief and field manager Tara “Slow-Mo” Golshan, can remember the exact number of valiant, yet unsuccessful, attempts by the Gentle Clowns in recent softball bouts.Coupled with her working knowledge of sports and absence at last year’s spring affair, she’s quite speculative about any supposed losing streak from her club.“Wait is baseball the one with goal posts,” Golshan mumbled, in between mouthfuls of her new favorite restaurant of the week, Palmyra. “Do you want more or less points in — what’s it called again?”With recent changes in upper management, this year’s collection of Gentle Clowns might just be their most dangerous group since whenever they last won.The hard-charging Aliya “I’m not even a journalism major” Iftikar, next year’s EIC, will literally lead the charge as designated chugger, lead off hitter and home run queen.Between round trippers, Iftikar will shout her signature rally cry, presumably from a slumped position on a wheeled office chair that she will bring to the park herself, to spur her team to its bludgeoning of the Cardinals.“You guizzzzzz, noooooooooozzz,” Iftikar belted Wednesday night in preparation for the big game.While Golshan distracts current Dirty Bird EIC Jack Casey with an empty box disguised as a present for his half-birthday — Casey will reach his first full decade on planet Earth early next fall — Iftikar will be focused on taking out newly elected DC kingpin Jim “Ginger or Strawberry Blond?” Dayton.Gentle Clown pitching coach and News Editor Rachael “Smelt it, Dealt It” Lallensack and her Features Editor sidekick Alex “Snack Time” Arriaga have worked on a foolproof scouting report that will render Dayton and the Cardinalistas bats as useless as their out-of-date journalism practices.Emily Shullaw/The Badger HeraldThe duos’ plan rests on young, but untested ace Dan “He’s Still Here” Corcoran.With Grandpa Corcoran too senile at the time of publication, associate sports editor Chris “Diesel” Bumbaca, who will play the hot corner, spoke unnecessarily loud on behalf of the Gentle Clowns’ sports editor.“Yo,” Bumbaca shouted boisterously. “That’s a straight power move.”Starting shortstop Eric “I Woke Up Like This” Kohlbeck rounds out the sports section and will help provide some balance with his neatly groomed goatee and unusually even-keeled demeanor.The rest of the Gentle Clown infield includes the first known conjoined twin second baseman in Allie “Hashtag” Johnson and Alice “Social” Coyne, who will be on Twitter during most of the game. Soon-to-be fifth year senior Polo “Victory Lap” Rocha stands a good chance at entering the game as a defensive substitution at second, barring a shortage of Diet Coke, of course. Meanwhile, photo editor Jason “I’ve Done It All” Chan, the highly touted freshman, will provide a much needed boost in the field and at the plate while likely trolling his fellow Gentle Clowns.Then there’s the Herald outfield, also commonly referred to as the place where fly balls, and dreams, go to die. Leading the charge is the BH’s most intimidating, yet suprisingly amicable, player in center fielder and design all-Star Emily “I’m Kinda Busy Right Now, But I Guess So” Shullaw. Left fielder Selena “Laugh Attack” Handler and right fielder Katie “Something About Poop Here” Caron will provide sharp defense, but also very distracting chatter about God knows what.“And then, I [inaudible]” Handler blurted, while trying to stifle her laughter and explain her defensive approach to no avail.With the Herald pitching and defense certainly capable of a perfect game, the only questions left to be answered revolve around the Herald’s offensive attack and the Dirty Birds’ misguided sense of style. Nick “Cardiac Kid” Rush and fellow ads man Max “Swag on Steroids” Rosenberg will answer the call for both questions, with Rush’s lifetime average still somehow more than 1.000 and Rosenberg’s sense of fashion likely to finally solve several Cardinalistas’ preoccupation with literally wearing receptacles filled with refuse instead of human clothing.There are also several other important bats in the Herald lineup, including a wealth of pinch hitters. That includes copy editors Jen “Black’s The Only Color” Small and Amy “Don’t Sleep On Her” Sleep, who have both ascended to the top of the copy department with limited playing time and should do the same in the batter’s box. Former copy chief and current Arts Etc. editor Audrey “Orange” Piehl will play a pivotal role at the bottom of the batting order.But the Gentle Clowns will certainly have their work cut out for them with a disabled list longer than most years due to a stressful semester. That list includes photo editor Erik “Too Cool” Brown (broken finger from shooting too many photos), design’s Alix DeBroux (putting together a last minute design), and video editor Nyal Mueenuddin (in a tree somewhere).Then again, despite the inactive players, the Herald should have the odds aligned in its favor to take the flightless flappers to a new low, which is pretty hard considering they’re already rumored to be below ground.last_img read more

Rugby: Updates due from Irish camp.

first_imgThe Ireland squad have a rest day today, ahead of Sunday’s Test with Georgia. The fitness situations of both Jared Payne and Chris Henry are likely to become clearer, however. Payne has been working through a foot sprain, while Henry was a late withdrawl from the win over the Springboks with a virus.last_img