First Solar setting up solar plant in
Indonesia
First Solar, Inc.(NASDAQ:FSLR) and PT. Pembangkitan Jawa Bali Services of Indonesia have
said that they plan to work together to build a solar power plant to meet the
growing energy demands of the country. While financial aspects of the deal were
not revealed, what is clear is that it will be a 100 megawatt utility scale
plant.
First Solar believes that Indonesia
urgently needs cost effective and reliable energy resources and solar power
fits the bill perfectly.
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For PJB Services, this is the first
utility scale photovoltaic power plant. The company has been operating and
maintaining only conventional power plants until now. The parent company is
PJB, a subsidiary of Perusahaan Listrik Negara.
First Solar shares were up more than 8
percent or $1.84 and closed at $24.09 on Tuesday and now jumped another 5.60%
to $25.38.
Coca Cola will launch ‘beauty drinks’ in
France
The Coca-Cola Company(NYSE:KO) and
Sanofi will together launch a line of ‘beauty drinks’ in France. These will be
part of the Oenobiol Beautific brand. Sanofi, a Paris based drug manufacture bought
Laboratoire Oenobiol, a company that makes nutritional supplements for skin and
hair in 2009.
Coke’s business unit in France said that
they would sell these drinks on a small scale pilot to a number of pharmacies. The
world’s largest beverage maker however declined to make any comments on the new
drink.
Health aspects are very much in the fore
these days and people are concerned about consuming sugary drinks. Coca Cola is
therefore trying to diversify. Earlier this year, the company had launched
Sprite with stevia, a natural sweetener with low calories. A couple of years
ago, it had also launched Fanta with stevia.
Coca Cola is struggling to improve its
sales volumes in Europe. It has managed to grow only 1 percent in the third
quarter.
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