JACKSONVILLE, Florida, Feb. 25, 2016 /PRNewswire/ — APR Energy, a global leader in fast-track power solutions, announces today that it has commissioned its new power plant in Egypt. The plant will support development of a large-scale industrial complex being built for the Egyptian Ethylene and Derivatives Company (ETHYDCO), a manufacturer and leading provider of value-creating plastics and rubber products.

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APR Energy’s turnkey solution features three GE aeroderivative mobile gas turbines running on clean-burning natural gas, together with the associated balance of plant. As standard with its full-service package, APR Energy handled all design, installation and commissioning work for the plant, and will continue to manage all ongoing operation and maintenance. The plant will run for a minimum of 12 months.

“This is a major project for Egypt’s growing industrial sector, and we are pleased to have APR Energy as our power generation partner,” said ETHYDCO Chairman Abd-el Rahman Zeid. “Due to our need for a reliable and cost-efficient natural gas solution, their mobile gas turbines were the best fit to meet our critical electricity needs. We have been impressed with the speed and flexibility APR Energy has demonstrated in delivering our unique project requirements on time, and appreciate the responsiveness its people have shown during every stage of the process.”

John Campion, APR Energy Chairman, said, “I want to congratulate our installation and commissioning team for safely and efficiently delivering our newest power plant on-time, per customer requirements. The project is significant in that it gives us a foothold in one of the largest markets in the region and supports one of Egypt’s most strategic industrial investments. It also builds upon our experience in the industrial space, further diversifying our customer base and complementing the strong success that we have had in the utility segment.”

Campion added, “APR Energy’s Egyptian power plant exemplifies the use of mobile gas turbines as an affordable self-power solution for customers in energy-intensive industries such as petrochemicals, mining, EPC and oil and gas. Our turnkey solutions not only provide a highly-reliable source of power to keep critical operations running, but also enable customers to focus on their core business rather than worrying about power generation.”

Click here to view a brief time-lapse video of the plant from ground breaking to commissioning.

About APR Energy

APR Energy is the world’s leading provider of fast-track mobile turbine power. Our fast, flexible and full-service power solutions provide customers with rapid access to reliable electricity when and where they need it, for as long as they need it. Combining state-of-the-art, fuel-efficient technology with industry-leading expertise, our scalable turnkey plants help run cities, countries and industries around the world, in both developed and developing markets. For more information, visit the Company’s website at www.aprenergy.com.

NEW YORK, Feb. 25, 2016 /PRNewswire-HISPANIC PR WIRE/ — Statement by AARP New York State Director Beth Finkel:

“Helping Americans achieve and enjoy financial independence is central to AARP’s mission, and we applaud Mayor de Blasio for proposing that New York become the first city in the nation to ensure that private sector employees have the option to save for retirement through payroll deduction.

“As fewer people have pensions or 401(k)s, AARP is urging our elected officials to fill the gap by passing laws to establish plans that are voluntary and carry no ongoing costs to taxpayers – but enormous potential benefit to all. Mayor de Blasio, Council Speaker Mark-Viverito, Comptroller Stringer and Public Advocate James are showing true leadership on this issue.

“People are 15 times more likely to save if they can do so through payroll deduction. AARP intends to work with our city leaders to make that option available, and to ensure that New Yorkers are informed about the choice they will have to take control of their own financial futures and put themselves in position to enjoy this great city for the rest of their lives.

“In New York City, nearly 60 percent of private sector workers between the ages of 25 and 64 lack workplace retirement savings options – up from just over half a decade ago, according to the New School.

“This problem is getting worse, and must be addressed.

“The overwhelming majority of the city’s Generation X and Baby Boomer voters are stressed and worried about affording retirement, according to “High Anxiety” surveys AARP commissioned last year.

“In fact, 34 percent of city Gen Xers and 42 percent of Boomers have no retirement savings at all, the surveys found. Two thirds of Gen Xers and nearly six in 10 Boomers worry about being able to live comfortably in retirement.

“About three quarters support the kind of plan the Mayor is developing – including 76% of small business owners and employees. And 73% of small business owners and employees said they would take advantage of a plan to save for retirement if one were available to them through work.

“Just last week, AARP joined with Young Invincibles and dozens of Millennials to address this very issue at a Happy Hour in Greenwich Village. Young Invincibles conducted its own national survey of Millennial voters and found 85 percent support this approach.

“Social Security provides a critical safety net, but it’s not enough. The average Social Security benefit in New York state is about $16,000 – in other words, below the federal poverty line.

“Everyone should have an effective way to save for their own futures, and AARP is committed to ensuring they do.”

Follow us on Twitter:  @AARPNY and Facebook: AARP New York

AARP is a nonprofit, nonpartisan organization, with a membership of more than 37 million, that helps people turn their goals and dreams into real possibilities, strengthens communities and fights for the issues that matter most to families such as healthcare, employment and income security, retirement planning, affordable utilities and protection from financial abuse. We advocate for individuals in the marketplace by selecting products and services of high quality and value to carry the AARP name as well as help our members obtain discounts on a wide range of products, travel, and services.  A trusted source for lifestyle tips, news and educational information, AARP produces AARP The Magazine, the world’s largest circulation magazine; AARP Bulletin; www.aarp.org; AARP TV & Radio; AARP Books; and AARP en Español, a Spanish-language website addressing the interests and needs of Hispanics. AARP does not endorse candidates for public office or make contributions to political campaigns or candidates. AARP Foundation is an affiliated charity of AARP that is working to win back opportunity for struggling Americans 50+ by being a force for change on the most serious issues they face today: housing, hunger, income and isolation. AARP has staffed offices in all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands. Learn more at www.aarp.org

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NEW YORK, Feb. 25, 2016 /PRNewswire-HISPANIC PR WIRE/ — Female executives are creating corporate cultures of change and innovation, according to a newly published research study conducted by The Everest Project. Eve of Change: Women Redefining Corporate America examines the influence of women’s leadership in today’s global economy and provides insight into how the intersection of gender, race, ethnicity, culture, and sexual orientation impacts women in the workplace. The full report is available online at www.everestproject.org.

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The study’s findings are the result of over two years of confidential interviews with 132 of some of the most senior-level female executives in the United States. Participants—who identified as Black, Hispanic, LGBTQ, Pan Asian or White—represented over eighty Fortune 500 corporations from a range of different industries and regions. An additional 260 executive level interviews with the interview subject’s manager and her direct report were conducted for a more comprehensive perspective. In total, The Everest Project’s findings are based on 392 interviews.

Key Research Findings

Below are the five key findings presented in Eve of Change: Women Redefining Corporate America:

1. Women are leading change and transformation in their organizations
   Over half of the change initiatives catalogued in the Everest interviews represented strategic or structural change that women led, with significant organizational impact, from contributing billions of dollars to bottom lines, building new businesses, or rebuilding failing ones, to inspiring social movements beyond their corporate doors. They lead from the known to the unknown, transforming the hearts and minds of their people in the process and creating cultures more open to innovation.
2. Women embrace smart risk
   Contrary to popular belief, women take risk – often, significant risk on behalf of their organizations. Being unafraid to fail, throwing assumptions out the window, trying new things and voicing a contrarian opinion: these are just a few ways that interview subjects take risks, which they see as a critically important aspect of leading change.
3. Humility is the new power tool
   Humility, often considered a weakness, is the new power tool in leadership. In this era of flat organizations and a flat world where everyone is called upon to collaborate and work effectively across silos, humility is a critically important skill. When used strategically, humility fosters a vibrant environment where it’s “safe to make change and to break some things” – fertile ground for innovation.
4. Collaboration is not consensus
   In the new reality of hyper connected environments, collaboration is king. If consensus involves equal voice and an emphasis on collective decision making, collaboration is a different animal. Leaders are always at the helm, responsible for taking action that is best for their business.
5. Difference is more
   Being different means having more to contribute and collaboration is the currency for navigating a flat world. Women who have figured out how to use their gender, race and ethnicity, sexual orientation, and cultural background, as part of their leadership toolkit, bring far more to the table for their corporations and teams.

Conclusion: Women today are designing a new corporate culture for a time of rapid change. They possess a leadership vision, approaches, and skill – that have not been previously identified and have too often gone unrecognized, underappreciated, and misrepresented in mainstream research. Women use that portfolio of skills and qualities as part of an integrated process for fostering innovation. For women leading this charge, innovation is not a self-contained endeavor. It’s a process that evolves and emerges, fashioned from a culture that interview subjects have imagined and have made real.

“The findings are stunning and speak to the transformative impact women executives are making at their organizations,” stated Lily Tang, President and Co-Founder of The Everest Project. “Contrary to the constant messages about what women have to do to succeed, women are consistently succeeding in leading change; from the massive to the incremental.”

“Our study offers companies a blueprint on how to create a corporate environment that not only empowers women, but also their business,” said Pamela Carlton, Co-Founder and Lead Researcher of The Everest Project. “We hope our findings will help rewrite the script for business success and illuminate how women are shaping corporate cultures and unleashing creativity for sustainable innovation.”

Research partners for the study included leading affinity-based professional organizations Ascend, The Executive Leadership Council (ELC), Hispanic Association on Corporate Responsibility (HACR) and Out Leadership. These groups provided thought leadership and helped identify senior level female executives for the study.

“In today’s global economy, having more women in senior leadership positions with unique expertise and diverse perspectives is critical to remain competitive and enhance business performance,” stated Ronald C. Parker, President and CEO of The Executive Leadership Council. He added that “These findings underscore the value of diversity as more than just good corporate social responsibility – it’s a business imperative.”

Time Warner and Walmart are the lead underwriters of The Everest Project. Other organizations providing corporate sponsorship for the study include Bank of America, American Express, Amgen, 3M, Ernst & Young, Comcast, Comerica, Viacom, Godiva and the Colgate-Palmolive Company.

“Women are leading our businesses at Time Warner in record numbers but more importantly, they have been instrumental in driving our growth and sparking innovation,” said Lisa Garcia Quiroz, President, Time Warner Foundation and SVP and Chief Diversity Officer, ‎Time Warner Inc. “This report masterfully highlights and explores the many contributions of women and how women are critical to the future of our businesses.”

About The Everest Project
The Everest Project is the first theoretical and practical research initiative to take a multicultural and gender specific perspective in examining the role of women executives in corporate America. The findings presented in Everest’s first published research study, Eve of Change: Women Redefining Corporate America, breaks new ground for women and for businesses that understand that managing the status quo is not enough. Leading change is the new normal.

©2016 The Everest Project

CONTACTS:
Joanna Lin, IW Group, Inc
Phone: (646) 979-8308
[email protected]

Nina Shi, IW Group, Inc
Phone: (646) 979-1840
[email protected]

MUMBAI, India, Feb. 24, 2016 /PRNewswire-HISPANIC PR WIRE/ –Batelco Group (Ticker: BATELCO ), the international Telecommunications Group with operations across 14 countries, has successfully obtained Indian freezing orders from the Madras High Court against certain Indian assets of Chinnakannan Sivasankaran (Mr Siva) and his related parties namely: his ex-wife Mrs Jayalakshmi Sivasankaran, his father R.C.K. Vallal, his mother Chinnakannan Chandrammal, his long-term associates Baskaran, Nithyavathi Venkatesan and his related company, Siva Limited. The value of the assets frozen by such orders is estimated to be approximately 500 Crore (US$ 74 million).

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The orders that have been made by the Madras High Court are intended to pay down a substantial UK judgment that was awarded to BMIC Limited (a fully owned subsidiary of Batelco) by the English High Court of Justice totaling US$ 212 million in June 2014 (the UK Judgement). The UK Judgement was awarded against Mr Siva and Siva Limited, following BMIC’s successful litigation against them (the defendants). The UK Judgment found that the defendants failed to honour a Settlement Agreement signed with BMIC in November 2011, relating to a commercial venture into which such parties had entered in 2009. According to the UK Judgment, full payment should have been made to BMIC by the defendants by 26 June 2014. To date the defendants have failed to pay such sum to BMIC.

Ihab Hannawi, Group CEO of Batelco said:

“We fully expect all of the respondents to honour the Indian Court Orders and pay to BMIC the monies owing to it under the UK judgement. We will pursue all legal avenues available to us against such parties to secure this outstanding payment.”

[BMIC acquired a 42.7% stake of Indian registered S Tel in 2009. S Tel had been awarded a 2G Licence in 2008. Following the cancelation of 2G licences by India’s Supreme Court in February 2012, BMIC sought to implement an agreed put option which under certain circumstances, such as the cancelation of its 2G licence, or in the event of a failure of Siva to secure financing, would ensure Siva bought back the shares acquired by BMIC at the price paid originally. BMIC and the defendants entered into the binding Settlement Agreement to give effect to this commitment which contained a promise by Mr Sivasankaran and Siva Limited to make payment to BMIC in agreed circumstances.]