Dolphin Energy awards $250 mln contract to Larsen & Toubro
ABU DHABI (Reuters) - Dolphin Energy DOL.UL has awarded a $250 million engineering, procurement and construction (EPC) contract to Larsen & Toubro (LART.NS) to upgrade a gas plant in Qatar, the United Arab Emirates-based company said on Monday.
Under the deal, Larsen & Toubro will install three new Rolls Royce Trent gas turbine compressors and related facilities at the processing plant at Ras Laffan. Completion of the project is expected in the fourth quarter of 2014.
The $136 million contract for Rolls Royce was announced in April. (Reporting by Stanley Carvahlo Writing by Daniel Fineren; Editing by Andrew Torchia)
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DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.
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