wiredinUSA July 2013

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wiredInUSA - July 2013 41 ASIA / AFRICA NEWS
Renewable energy company Masdar has
unveiled a 6MW wind farm in the Republic
of Seychelles, funded by Abu Dhabi Fund
for Development. The eight-turbine Port
Victoria wind farm will generate enough
electricity to power around 2,100 homes,
reducing annual CO2 emissions by 5,500
tons.
Commentingon thedevelopment, Masdar
CEO Sultan Ahmed Al Jaber said the
new wind power project will redirect fuel
savings into investments in infrastructure
development, social programs and to
boost economic growth.
Elsewhere Masdar is developing several
other renewable projects, including a
15MW solar power plant in the Islamic
Republic of Mauritania, and a 500KW solar
photovoltaic power plant on the island of
Vava'u in the Kingdom of Tonga.
Wind farm
in the Seychelles
Taiwan's China Steel Corp has announced
cuts in its steel wire and bar price by about
$45 per tonne during July and August. It is
expected that the lower wireandbar prices
may help Taiwan's screw manufacturers to
cut costs and secure more export orders
during the third quarter of 2013.
Taiwan's Chun Yu Group said that even if
overseas buyers request the price cut on its
screw products, the reduced raw material
cost will still help themwin more orders from
overseas markets.
Tyscoons Group said CSC's price cut will
force the group to reduce its wire prices,
but that it will still benefit Tyscoons Group's
screw product sales.
Cut in fastener material
costs