Category: European Union

  • MIL-OSI: CoinShares Announces Q3 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    5thNovember 2024 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares” or “the Group”) (Nasdaq Stockholm: CS; US OTCQX: CNSRF), the leading European investment company specialising in digital assets, has today published its results for the quarter ending 30th September 2024.

    Jean-Marie Mognetti, Chief Executive Officer of CoinShares said:

    “In Q3 2024, we concentrated on executing our strategy and preparing for a promising Q4 and the upcoming year. A key achievement was the change in our accounting policy for digital assets. We now record movements on digital assets at fair value through profit and loss, enhancing the transparency of our financial statements. This change enables a wide range of investors to have a better understanding of CoinShares’ financial performance and health.

    We have concurrently implemented bitcoin as a treasury management instrument, thus demonstrating our commitment to our investment thesis. Consequently, we now rank among the select few publicly traded companies globally that have opted to maintain bitcoin holdings (78 BTC at the end of Q3) on our balance sheet.”

    Q3 2024 financial highlights

    • Total Revenue, Gains & Other Income for Q3 2024 of £25.8 million (Q3 2023: £15.2 million)
    • EBITDA for Q3 2024 of £15.4 million (Q3 2023: £8.3 million)
    • Net profit for Q3 2024 of £14.2 million (Q3 2023: £6.7 million)

    Q3 2024 operational highlights

    • Asset Management: The CoinShares Physical ETP platform closed the quarter with nearly $80 million in net flows, marking its second-largest quarterly inflow since 2021. We launched a new multi-asset ETP in partnership with finanzen.net to enhance our visibility in the German retail market. In the United States, the CoinShares-Valkyrie business line had its second-best quarter, achieving $61 million in net inflows, mainly from BRRR and WGMI products. Integration of this business line into the wider CoinShares Group is largely complete, and we anticipate it becoming a meaningful contributor to overall Group value, with full stride expected in 2025.
    • Capital Markets & Hedge Fund Solutions: Following the successful rollout of our algorithmic trading platform, MATRIX, our development team is optimising its performance and connectivity, enabling signal ingestion from multiple sources and opening doors to new collaborations. This allows our quantitative research team to focus on new alpha generation strategies to drive future performance for our Capital Markets and Funds divisions. Concurrently, our Hedge Fund Solutions division is preparing to launch an equity long-short fund focused on crypto equities, leveraging our BLOCK Index expertise; the product is ready to launch pending market demand, currently being assessed by our sales teams in the United States and Europe. 
    • Principal Investments: Despite a decrease of approximately £1.9 million in the Group’s Principal Investment portfolio during Q3—primarily due to an extension of the CS2 fund’s life that delays the receipt of our recognized carried interest and results in a corresponding discount—we have observed positive developments in some of our smaller investments. These include the conversion of one of our SAFEs (Station 70) and the change in status of GTSA to that of an Electronic Money Institution.
    • Accounting Policy Change: An important development this quarter concerns our accounting policies for digital asset holdings; historically, our financial statements were distorted by classifying digital assets as intangibles under IFRS, resulting in profit or loss after tax figures that differed markedly from our total comprehensive income and impacting the readability of our accounts. As our organisation has evolved and our activities have diversified significantly, we are now able to classify our digital assets so that their fair value movements are taken through profit and loss, allowing us to present financial statements that provide a more understandable view of our financial performance—easily reconciled to our EBITDA—a transition we’ve been eager to make and are pleased to have finally achieved.

    Full details of the Q3 results, inclusive of financial information on each of the Group’s business units, are included within the full report, available here.

    Download the Swedish Executive Summary here.

    ABOUT COINSHARES

    CoinShares is the leading European investment company specialising in digital assets, that delivers a broad range of financial services across investment management, trading and securities to a wide array of clients that includes corporations, financial institutions and individuals. Focusing on crypto since 2013, the firm is headquartered in Jersey, with offices in France, Sweden, Switzerland, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, and in the US by the Securities and Exchange Commission, National Futures Association and Financial Industry Regulatory Authority. CoinShares is publicly listed on the Nasdaq Stockholm under the ticker CS and the OTCQX under the ticker CNSRF.

    For more information on CoinShares, please visit: https://coinshares.com
    Company | +44 (0)1534 513 100 | enquiries@coinshares.com
    Investor Relations | +44 (0)1534 513 100 | enquiries@coinshares.com

    This information is information that CoinShares International Limited (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act.

    The information was submitted for publication, through the agency of the contact person set out above, at 07:00 CEST on November 5, 2024.

    PRESS CONTACT

    CoinShares
    Benoît Pellevoizin
    bpellevoizin@coinshares.com

    M Group Strategic Communications
    Peter Padovano
    press@coinshares.com

    Attachment

    The MIL Network

  • MIL-OSI China: Books explore ancient Greek influences on Asia and emerging Silk Road

    Source: China State Council Information Office 3

    Some 2,100 to 1,800 years ago in what is today’s northwestern Pakistan, the Gandharan civilization produced sculptures of Buddha and other Buddhist figures with the features of Greek gods wrapped in aristocratic robes.

    The Gandhara art persisted until the 7th century and had some influence on the Buddhist sculptures seen in China and other East Asian countries.

    “The Buddhist art of Gandhara has amazed and puzzled modern observers since its rediscovery in the 19th century, for the artists of Gandhara … took imagery and styles that ultimately originated in ancient Greece, and they made them Buddhist and Asian, and thereby introduced them into the later traditions of Chinese Buddhist art,” says Peter Stewart, professor of ancient art and director of the Classical Art Research Centre at the University of Oxford.

    “They, and that story (of Gandhara), are emblematic of the fascinating filaments that run through all the periods and places explored in this publication,” Stewart says, speaking of the six-volume publication of From Mediterranean to the Yellow River: Hellenistic Civilization and the Silk Road, via video during the book’s signing ceremony for the production of an English version at this year’s Frankfurt Book Fair in October.

    Stewart is coeditor of the fourth volume, From Apollo to Buddha: Hellenistic Art and the Silk Road Arts, which deals with the dissemination and fusion of art, and which according to him, “traces Western classical art traditions from its Greek origins, looking at how it was disseminated and transformed in the Hellenistic world, how it became the heritage of the Roman Empire, and how it eventually became deeply embedded in the cultures of Central Asia and the steppe”.

    Stewart is among the 40-odd researchers and contributors from across the world, who spent almost 10 years finishing the interdisciplinary studies, which were published by the Zhonghua Book Company as a series of books containing around 1,500 pictures.

    “The project was vast, but at its heart was a simple proposition — that two distinct areas (the Hellenistic civilization and the Silk Road) of study were intimately connected and could usefully be researched and explained alongside each other,” Stewart says.

    “Hellenistic civilization and the Silk Road seem to be two unrelated research fields, but in fact, there is an intrinsic logical relationship between them,” says Yang Juping, the book’s chief editor and a leading professor of Hellenism at Nankai University.

    Yang says that the vast empire established by Alexander the Great, and the Hellenistic world he created that extended from the Mediterranean to Central Asia and the borders of India, laid the foundation for the opening of the Silk Road later on. Meanwhile, the ambitions of the Han Dynasty (206 BC-AD 220) rulers to manage the western regions of their territory and the “exploration” of Central Asia by Zhang Qian ushered in a new era of cultural exchange and mutual learning between the Chinese and Hellenistic civilizations.

    “The series is one of the first comprehensive studies of the relationship between the Hellenistic civilization and the Silk Road in China and abroad,” Yang says, adding that the perspective the book brings opens up a new field of research, and has allowed the voices of Chinese scholars to be heard on a global stage on matters that were little known or long disputed.

    Each volume has a specific theme, but they are interconnected, and examine the general picture, the historical background, the cities, the currencies and the economic overview of the two areas, along with the Hellenistic heritage in China and along the Silk Road.

    The publishing group Springer Nature will serve as an amplifier of these voices by bringing the series to a wider international audience with an English version.

    “Today, we are not just releasing a book series, but also launching a dialogue that spans continents and centuries,” says Niels Peter Thomas, Springer Nature’s managing director for books.

    Zhang Jihai, deputy editor-in-chief of the Zhonghua Book Company, believes that the series will provide valuable historical references for the Belt and Road Initiative, and be a delight to general readers, providing a glimpse of the overall picture of ancient cultural exchanges between China and the West.

    MIL OSI China News

  • MIL-OSI: International Petroleum Corporation Announces Third Quarter 2024 Financial and Operational Results

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Nov. 05, 2024 (GLOBE NEWSWIRE) — International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) today released its financial and operational results and related management’s discussion and analysis (MD&A) for the three and nine months ended September 30, 2024.

    William Lundin, IPC’s President and Chief Executive Officer, comments: “We are pleased to announce another positive quarter of operational performance. IPC achieved average net daily production during the third quarter of 45,000 barrels of oil equivalent per day (boepd), following planned maintenance shutdowns during the quarter. We also continue to purchase IPC common shares under the normal course issuer bid (NCIB). We have now almost completed the 2023/2024 NCIB, reducing the outstanding number of common shares by over 6% since the beginning of December 2023. We intend to seek Toronto Stock Exchange approval to renew the NCIB in December 2024. We are also pleased to report on the progress achieved at the Blackrod Phase 1 development in Canada, which remains on schedule and on budget.”

    Q3 2024 Business Highlights

    • Average net production of approximately 45,000 boepd for Q3 2024, in line with guidance (49% heavy crude oil, 17% light and medium crude oil and 34% natural gas).(1)
    • Successful completion of planned maintenance shutdowns at Onion Lake Thermal (OLT) in Canada and the Bertam field in Malaysia.
    • Drilling activity at the Suffield area in Canada continued with four wells drilled in Q3 2024 and completed by October 2024.
    • Development activities on Phase 1 of the Blackrod project continue to progress on schedule and on budget, with forecast first oil in late 2026.
    • 2.6 million IPC common shares purchased and cancelled during Q3 2024 under IPC’s normal course issuer bid (NCIB), on track to complete the 2023/2024 NCIB during November 2024.
    • IPC plans to seek Toronto Stock Exchange approval for the renewal of the NCIB in December 2024.

    Q3 2024 Financial Highlights

    • Operating costs per boe of USD 17.9 for Q3 2024, below guidance.(3)
    • Operating cash flow (OCF) and Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) of MUSD 73 and MUSD 68 respectively in line with guidance for Q3 2024.(3)
    • Capital and decommissioning expenditures of MUSD 102 for Q3 2024, in line with guidance.
    • Free cash flow (FCF) for Q3 2024 amounted to MUSD -38 (MUSD 44 pre-Blackrod Phase 1 project funding).(3)
    • Gross cash of MUSD 299 and net debt of MUSD 157 as at September 30, 2024.(3)
    • Net result of MUSD 23 for Q3 2024.

    Reserves and Resources

    • Total 2P reserves as at December 31, 2023 of 468 MMboe, with a reserves life index (RLI) of 27 years.(1)(2)
    • Contingent resources (best estimate, unrisked) as at December 31, 2023 of 1,145 MMboe.(1)(2)

    2024 Annual Guidance

    • Full year 2024 average net production guidance range maintained at 46,000 to 48,000 boepd.(1)
    • Full year 2024 operating costs guidance revised to below USD 18 per boe.(3)
    • Full year 2024 OCF guidance estimated at between MUSD 335 and 342, assuming Brent USD 70 to 80 per barrel for the remainder of 2024.(3)
    • Full year 2024 capital and decommissioning expenditures guidance forecast maintained at MUSD 437.
    • Full year 2024 FCF guidance estimated at between MUSD -140 and -133 (between MUSD 222 and 229 pre-Blackrod Phase 1 project funding), assuming Brent USD 70 to 80 per barrel for the remainder of 2024.(3)
      Three months ended
    September 30
      Nine months ended
    September 30
    USD Thousands 2024   2023     2024   2023  
    Revenue 173,200   257,366     598,659   655,446  
    Gross profit 39,505   93,429     167,397   210,559  
    Net result 22,875   71,681     101,804   143,269  
    Operating cash flow (3) 72,589   119,142     263,831   279,414  
    Free cash flow (3) (38,269 ) 34,703     (74,021 ) 67,379  
    EBITDA (3) 68,313   123,054     259,304   284,334  
    Net cash/(debt) (3) (157,228 ) 83,097     (157,228 ) 83,097  
                       

    Oil prices softened in the third quarter with Brent prices averaging USD 80 per barrel compared with USD 85 per barrel in the second quarter. Volatility during the quarter was high with Brent prices ranging from USD 89 per barrel in July to USD 70 per barrel in September. Notwithstanding the volatility in prices, the crude market was in a deficit through the third quarter, aided by the proactive supply management by the OPEC+ group. The continued conflicts in the Middle East and Ukraine led to increased oil prices, though these were partially offset by concerns over global oil demand growth, in particular consumer and industrial demand in China. Despite some of these negative factors, the physical market remains tight with OECD crude stock levels below the five-year average, with oil demand expected to be at an all-time high in 2024 and continue to grow in 2025. Approximately 50% of IPC’s forecast 2024 oil production is hedged at USD 80 per barrel WTI or USD 85 per barrel Dated Brent through to the end of 2024.

    The third quarter 2024 WTI to Western Canadian Select (WCS) price differentials averaged just under USD 14 per barrel, in line with the second quarter and approximately USD 5 per barrel lower than the first quarter differential average of USD 19 per barrel. The Trans Mountain expansion (TMX) pipeline continues to support tighter differentials with the Western Canadian Sedimentary Basin (WCSB) now having excess spare pipeline capacity for the first time in more than a decade. Crude exports from the new TMX pipeline are flowing off the coast of British Columbia, with deliveries to the US West Coast and Asia creating new end destinations for Canadian heavy oil. Around 70% of our forecast 2024 Canadian WCS production volumes are hedged at a WTI/WCS differential of USD 15 per barrel.

    Natural gas prices in Canada remained suppressed in the third quarter, with AECO pricing averaging CAD 0.67 per Mcf during the period, compared to CAD 1.17 per Mcf average for the second quarter. This has led to some Canadian natural gas producers curtailing production as western Canada gas storage levels continue to sit above the five-year range. IPC implemented hedges during the third quarter for approximately 14,500 Mcf per day at CAD 1.57 per Mcf from August to year end 2024.

    Third Quarter 2024 Highlights and Full Year 2024 Guidance

    IPC delivered average daily production rates of 45,000 boepd for the third quarter. The average daily production for the first nine months of 2024 was 47,400 boepd and the full year Capital Markets Day (CMD) production guidance of 46,000 to 48,000 boepd is maintained. During the third quarter, planned maintenance shutdowns at the Onion Lake Thermal (OLT) asset in Canada and at the Bertam field in Malaysia were successfully completed. High uptimes were achieved across all major producing assets in our portfolio during the quarter and the business benefited from the oil wells drilled within our Southern Alberta assets and the new wells brought on stream from sustaining Pad L at the OLT asset.(1)

    Operating costs in the third quarter of 2024 were below forecast at USD 17.9 per boe. The lower costs were largely driven by lower energy input costs within our Canadian asset base. Full year 2024 operating costs guidance is revised to less than USD 18 per boe, below the CMD guidance range of USD 18 to 19 per boe.(3)

    Operating cash flow (OCF) for the third quarter of 2024 was USD 73 million in line with forecast. Full year 2024 OCF guidance is revised to USD 335 to 342 million (assuming Brent USD 70 to 80 per barrel for the remainder of 2024).(3)

    Capital and decommissioning expenditure for the third quarter was in line with plan at USD 102 million. Our full year 2024 capital and decommissioning expenditure guidance is unchanged at USD 437 million.

    Free cash flow (FCF) was USD -38 million (or USD 44 million pre-Blackrod Phase 1 development funding) during the third quarter of 2024. Full year 2024 FCF guidance is revised to USD -140 to -133 million (or USD 222 to 229 million pre-Blackrod Phase 1 development funding) assuming Brent USD 70 to 80 per barrel for the remainder of 2024.(3)

    Net debt was increased during the third quarter of 2024 by approximately USD 69 million to USD 157 million.(3) This is due to the growth capital expenditure at the Blackrod Phase 1 project and continued funding of the normal course issuer bid (NCIB) share repurchase program. The gross cash position as at September 30, 2024 was USD 299 million. In the third quarter, IPC enhanced its financing position by entering into a letter of credit facility in Canada to cover all of its existing operational letters of credit, giving full availability under IPC’s undrawn CAD 180 million Revolving Credit Facility.

    With a robust balance sheet and strong cashflow generation from the producing assets, IPC is strongly positioned to deliver on our three strategic pillars of organic growth, shareholder returns and pursue value-adding M&A.

    Blackrod Phase 1 Project

    The Blackrod asset is 100% owned by IPC and hosts the largest booked reserves and contingent resources within the IPC portfolio. After more than a decade of pilot operations, subsurface delineation and commercial engineering studies, IPC sanctioned the Phase 1 development in the first quarter of 2023. The Phase 1 development targets 218 MMboe of 2P reserves, with a multi-year forecast capital expenditure of USD 850 million to first oil planned in late 2026. The Phase 1 development is planned for plateau production of 30,000 bopd which is expected by early 2028.(1)(2)

    2024 marks a peak investment year at the Blackrod Phase 1 project for IPC, with USD 362 million planned to be spent in the year. Project progress has advanced according to plan, with approximately USD 245 million spent through the first nine months of 2024. All major third-party contracts have been executed, including but not limited to, the engineering, procurement and construction (EPC) agreements for the central processing facility (CPF) and well pad facilities, midstream agreements for the input fuel gas, diluent and oil blend pipelines, and drilling rig and stakeholder agreements. All major long lead items have been procured and pre-operations onboarding continues as the asset undergoes rapid change from a pilot steam assisted gravity drainage (SAGD) operation to a commercial SAGD operation. IPC’s core operational philosophy is to responsibly develop and commission projects with the staff that are going to manage and operate the asset to ensure the seamless transition from development to operations.

    As at the end of the third quarter of 2024, over half of the Blackrod Phase 1 development capital had been spent since the project sanction in early 2023. All major work streams are progressing as planned and the focus continues to be on executing the detailed sequencing of events as facility modules are safely delivered and installed at site. The total Phase 1 project guidance of USD 850 million capital expenditure to first oil in late 2026 is unchanged. IPC intends to fund the remaining Blackrod Phase 1 development costs with forecast cash flow generated by its operations and cash on hand.

    Stakeholder Returns: Normal Course Issuer Bid

    Under the current 2023/2024 NCIB, IPC has the ability to repurchase up to approximately 8.3 million common shares over the period of December 5, 2023 to December 4, 2024. IPC repurchased and cancelled approximately 7.5 million common shares up to the end of September 2024. The average price of common shares purchased under the 2023/2024 NCIB was SEK 132 / CAD 17 per share. IPC expects to complete the 2023/2024 NCIB during November 2024, resulting in the cancellation of 6.5% of the total number of common shares outstanding as at the beginning of December 2023.

    As at September 30, 2024, IPC had a total of 120,751,038 common shares issued and outstanding and IPC held 30,000 common shares in treasury. As at October 31, 2024, IPC had a total of 120,244,638 common shares issued and outstanding and IPC held 44,400 common shares in treasury.

    The IPC Board of Directors has approved, subject to acceptance by the Toronto Stock Exchange (TSX), the renewal of IPC’s NCIB for a further twelve months from December 2024 to December 2025. We expect that the 2024/2025 NCIB will permit IPC to purchase on the TSX and/or Nasdaq Stockholm, and cancel, up to a further approximately 7.5 million common shares, representing approximately 6.2% of the total outstanding common shares (or 10% of IPC’s “public float” under applicable TSX rules) following completion of the current 2023/2024 NCIB. IPC continues to believe that reducing the number of common shares outstanding while in parallel investing in material production growth at the Blackrod project will prove to be a winning formula for our stakeholders.

    Environmental, Social and Governance (ESG) Performance

    As part of IPC’s commitment to operational excellence and responsible development, its objective is to reduce risk and eliminate hazards to prevent occurrence of accidents, ill health, and environmental damage, as these are essential to the success of our business operations. During the third quarter of 2024, IPC recorded no material safety or environmental incidents.

    As previously announced, IPC targets a reduction of our net GHG emissions intensity by the end of 2025 to 50% of IPC’s 2019 baseline and IPC remains on track to achieve this reduction. During the first quarter of 2024, IPC announced the commitment to remain at end 2025 levels of 20 kg CO2/boe through to the end of 2028.(4)

    Notes:

    (1) See “Supplemental Information regarding Product Types” in “Reserves and Resources Advisory” below. See also the annual information form for the year ended December 31, 2023 (AIF) available on IPC’s website at www.international-petroleum.com and under IPC’s profile on SEDAR+ at www.sedarplus.ca.
    (2) See “Reserves and Resources Advisory“ below. Further information with respect to IPC’s reserves, contingent resources and estimates of future net revenue, including assumptions relating to the calculation of NPV, are described in the AIF.
    (3) Non-IFRS measures, see “Non-IFRS Measures” below and in the MD&A.
    (4) Emissions intensity is the ratio between oil and gas production and the associated carbon emissions, and net emissions intensity reflects gross emissions less operational emission reductions and carbon offsets.

    International Petroleum Corp. (IPC) is an international oil and gas exploration and production company with a high quality portfolio of assets located in Canada, Malaysia and France, providing a solid foundation for organic and inorganic growth. IPC is a member of the Lundin Group of Companies. IPC is incorporated in Canada and IPC’s shares are listed on the Toronto Stock Exchange (TSX) and the Nasdaq Stockholm exchange under the symbol “IPCO”.

    For further information, please contact:

    Rebecca Gordon
    SVP Corporate Planning and Investor Relations
    rebecca.gordon@international-petroleum.com
    Tel: +41 22 595 10 50
          Or       Robert Eriksson
    Media Manager
    reriksson@rive6.ch
    Tel: +46 701 11 26 15
             

    This information is information that International Petroleum Corporation is required to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the contact persons set out above, at 07:30 CET on November 5, 2024. The Corporation’s unaudited interim condensed consolidated financial statements (Financial Statements) and management’s discussion and analysis (MD&A) for the three and nine months ended September 30, 2024 have been filed on SEDAR+ (www.sedarplus.ca) and are also available on the Corporation’s website (www.international-petroleum.com).

    Forward-Looking Statements
    This press release contains statements and information which constitute “forward-looking statements” or “forward-looking information” (within the meaning of applicable securities legislation). Such statements and information (together, “forward-looking statements”) relate to future events, including the Corporation’s future performance, business prospects or opportunities. Actual results may differ materially from those expressed or implied by forward-looking statements. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement. Forward-looking statements speak only as of the date of this press release, unless otherwise indicated. IPC does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by applicable laws.

    All statements other than statements of historical fact may be forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, forecasts, guidance, budgets, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “seek”, “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “forecast”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe”, “budget” and similar expressions) are not statements of historical fact and may be “forward-looking statements”.

    Forward-looking statements include, but are not limited to, statements with respect to:

    • 2024 production ranges (including total daily average production), production composition, cash flows, operating costs and capital and decommissioning expenditure estimates;
    • Estimates of future production, cash flows, operating costs and capital expenditures that are based on IPC’s current business plans and assumptions regarding the business environment, which are subject to change;
    • IPC’s financial and operational flexibility to continue to react to recent events and navigate the Corporation through periods of volatile commodity prices;
    • The ability to fully fund future expenditures from cash flows and current borrowing capacity;
    • IPC’s intention and ability to continue to implement strategies to build long-term shareholder value;
    • The ability of IPC’s portfolio of assets to provide a solid foundation for organic and inorganic growth;
    • The continued facility uptime and reservoir performance in IPC’s areas of operation;
    • Development of the Blackrod project in Canada, including estimates of resource volumes, future production, timing, regulatory approvals, third party commercial arrangements, breakeven prices and net present value;
    • Current and future production performance, operations and development potential of the Onion Lake Thermal, Suffield, Brooks, Ferguson and Mooney operations, including the timing and success of future oil and gas drilling and optimization programs;
    • The potential improvement in the Canadian oil egress situation and IPC’s ability to benefit from any such improvements;
    • The ability to maintain current and forecast production in France and Malaysia;
    • The intention and ability of IPC to acquire further common shares under the NCIB, including the timing of any such purchases;
    • The ability of IPC to renew the NCIB and the number of common shares which may be purchased under a renewed NCIB;
    • The return of value to IPC’s shareholders as a result of the NCIB;
    • The ability of IPC to implement further shareholder distributions in addition to the NCIB;
    • IPC’s ability to implement its greenhouse gas (GHG) emissions intensity and climate strategies and to achieve its net GHG emissions intensity reduction targets;
    • IPC’s ability to implement projects to reduce net emissions intensity, including potential carbon capture and storage;
    • Estimates of reserves and contingent resources;
    • The ability to generate free cash flows and use that cash to repay debt;
    • IPC’s continued access to its existing credit facilities, including current financial headroom, on terms acceptable to the Corporation;
    • IPC’s ability to maintain operations, production and business in light of any future pandemics and the restrictions and disruptions related thereto, including risks related to production delays and interruptions, changes in laws and regulations and reliance on third-party operators and infrastructure;
    • IPC’s ability to identify and complete future acquisitions;
    • Expectations regarding the oil and gas industry in Canada, Malaysia and France, including assumptions regarding future royalty rates, regulatory approvals, legislative changes, and ongoing projects and their expected completion; and
    • Future drilling and other exploration and development activities.

    Statements relating to “reserves” and “contingent resources” are also deemed to be forward-looking statements, as they involve the implied assessment, based on certain estimates and assumptions, that the reserves and resources described exist in the quantities predicted or estimated and that the reserves and resources can be profitably produced in the future. Ultimate recovery of reserves or resources is based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management.

    Although IPC believes that the expectations and assumptions on which such forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because IPC can give no assurances that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks.

    These include, but are not limited to general global economic, market and business conditions; the risks associated with the oil and gas industry in general such as operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of estimates and projections relating to reserves, resources, production, revenues, costs and expenses; health, safety and environmental risks; commodity price fluctuations; interest rate and exchange rate fluctuations; marketing and transportation; loss of markets; environmental and climate-related risks; competition; innovation and cybersecurity risks related to our systems, including our costs of addressing or mitigating such risks; the ability to attract, engage and retain skilled employees; incorrect assessment of the value of acquisitions; failure to complete or realize the anticipated benefits of acquisitions or dispositions; the ability to access sufficient capital from internal and external sources; failure to obtain required regulatory and other approvals; geopolitical conflicts, including the war between Ukraine and Russia and the conflict in the Middle East, and their potential impact on, among other things, global market conditions; and changes in legislation, including but not limited to tax laws, royalties, environmental and abandonment regulations.

    Additional information on these and other factors that could affect IPC, or its operations or financial results, are included in the MD&A (See “Risk Factors”, “Cautionary Statement Regarding Forward-Looking Information” and “Reserves and Resources Advisory” therein), the Corporation’s Annual Information Form (AIF) for the year ended December 31, 2023, (See “Cautionary Statement Regarding Forward-Looking Information”, “Reserves and Resources Advisory” and “Risk Factors”) and other reports on file with applicable securities regulatory authorities, including previous financial reports, management’s discussion and analysis and material change reports, which may be accessed through the SEDAR+ website (www.sedarplus.ca) or IPC’s website (www.international-petroleum.com).

    Management of IPC approved the production, operating costs, operating cash flow, capital and decommissioning expenditures and free cash flow guidance and estimates contained herein as of the date of this press release. The purpose of these guidance and estimates is to assist readers in understanding IPC’s expected and targeted financial results, and this information may not be appropriate for other purposes.

    Non-IFRS Measures
    References are made in this press release to “operating cash flow” (OCF), “free cash flow” (FCF), “Earnings Before Interest, Tax, Depreciation and Amortization” (EBITDA), “operating costs” and “net debt”/”net cash”, which are not generally accepted accounting measures under International Financial Reporting Standards (IFRS) and do not have any standardized meaning prescribed by IFRS and, therefore, may not be comparable with similar measures presented by other public companies. Non-IFRS measures should not be considered in isolation or as a substitute for measures prepared in accordance with IFRS.

    The definition of each non-IFRS measure is presented in IPC’s MD&A (See “Non-IFRS Measures” therein).

    Operating cash flow
    The following table sets out how operating cash flow is calculated from figures shown in the Financial Statements:

      Three months ended September 30   Nine months ended September 30
    USD Thousands 2024   2023     2024   2023  
    Revenue 173,200   257,366     598,659   655,446  
    Production costs (100,984 ) (130,765 )   (328,110 ) (364,889 )
    Current tax 373   (7,459 )   (6,718 ) (16,045 )
    Operating cash flow 72,589   119,142     263,831   274,512  
                       

    The operating cash flow for the nine months ended September 30, 2023 including the operating cash flow contribution of the Brooks assets acquisition from the effective date of January 1, 2023 to the completion date of March 3, 2023 amounted to USD 279,414 thousand.

    Free cash flow
    The following table sets out how free cash flow is calculated from figures shown in the Financial Statements:

      Three months ended September 30   Nine months ended September 30
    USD Thousands 2024   2023     2024   2023  
    Operating cash flow – see above 72,589   119,142     263,831   274,512  
    Capital expenditures (99,100 ) (76,844 )   (308,457 ) (183,904 )
    Abandonment and farm-in expenditures1 (2,575 ) (2,755 )   (4,938 ) (7,683 )
    General, administration and depreciation expenses before depreciation2 (3,903 ) (3,547 )   (11,245 ) (11,124 )
    Cash financial items3 (5,280 ) (1,293 )   (13,212 ) (3,593 )
    Free cash flow (38,269 ) 34,703     (74,021 ) 68,208  

    1 See note 16 to the Financial Statements
    2 Depreciation is not specifically disclosed in the Financial Statements
    3 See notes 4 and 5 to the Financial Statements

    The free cash flow for the nine months ended September 30, 2023 including the free cash flow contribution of the Brooks assets acquisition from the effective date of January 1, 2023 to the completion date of March 3, 2023 amounted to USD 67,379 thousand.

    EBITDA
    The following table sets out the reconciliation from net result from the consolidated statement of operations to EBITDA:

      Three months ended September 30   Nine months ended September 30
    USD Thousands 2024   2023     2024   2023  
    Net result 22,875   71,681     101,804   143,269  
    Net financial items 4,124   4,257     23,942   16,227  
    Income tax 8,257   25,451     29,473   50,671  
    Depletion and decommissioning costs 30,491   31,687     96,305   71,488  
    Depreciation of other tangible fixed assets 2,023   1,509     6,503   6,503  
    Exploration and business development costs 197   (24 )   344   2,007  
    Depreciation included in general, administration and depreciation expenses 1 346   405     933   1,180  
    Sale of Assets   (11,912 )     (11,912 )
    EBITDA 68,313   123,054     259,304   279,433  

    1 Item is not shown in the Financial Statements

    The EBITDA for the nine months ended September 30, 2023 including the EBITDA contribution of the Brooks assets acquisition from the effective date of January 1, 2023 to the completion date of March 3, 2023 amounted to USD 284,334 thousand.

    Operating costs
    The following table sets out how operating costs is calculated:

      Three months ended September 30   Nine months ended September 30
    USD Thousands 2024   2023     2024   2023  
    Production costs 100,984   130,765     328,110   364,889  
    Cost of blending (29,818 ) (39,836 )   (116,699 ) (128,523 )
    Change in inventory position 2,755   (8,067 )   3,160   2,228  
    Operating costs 73,921   82,862     214,571   238,594  

    The operating costs for the nine months ended September 30, 2023 including the operating costs contribution of the Brooks assets acquisition from the effective date of January 1, 2023 to the completion date of March 3, 2023 amounted to USD 245,395 thousand.

    Net cash/(debt)
    The following table sets out how net cash/(debt) is calculated:

    USD Thousands September 30, 2024   December 31, 2023  
    Bank loans (6,431 ) (9,031 )
    Bonds1 (450,000 ) (450,000 )
    Cash and cash equivalents 299,203   517,074  
    Net cash/(debt) (157,228 ) 58,043  

    1 The bond amount represents the redeemable value at maturity (February 2027).

    Reserves and Resources Advisory
    This press release contains references to estimates of gross and net reserves and resources attributed to the Corporation’s oil and gas assets. For additional information with respect to such reserves and resources, refer to “Reserves and Resources Advisory” in the MD&A. Light, medium and heavy crude oil reserves/resources disclosed in this press release include solution gas and other by-products. Also see “Supplemental Information regarding Product Types” below.

    Reserve estimates, contingent resource estimates and estimates of future net revenue in respect of IPC’s oil and gas assets in Canada are effective as of December 31, 2023, and are included in the reports prepared by Sproule Associates Limited (Sproule), an independent qualified reserves evaluator, in accordance with National Instrument 51-101 – Standards of Disclosure for Oil and Gas Activities (NI 51-101) and the Canadian Oil and Gas Evaluation Handbook (the COGE Handbook) and using Sproule’s December 31, 2023 price forecasts.

    Reserve estimates, contingent resource estimates and estimates of future net revenue in respect of IPC’s oil and gas assets in France and Malaysia are effective as of December 31, 2023, and are included in the report prepared by ERC Equipoise Ltd. (ERCE), an independent qualified reserves auditor, in accordance with NI 51-101 and the COGE Handbook, and using Sproule’s December 31, 2023 price forecasts.

    The price forecasts used in the Sproule and ERCE reports are available on the website of Sproule (sproule.com) and are contained in the AIF. These price forecasts are as at December 31, 2023 and may not be reflective of current and future forecast commodity prices.

    The reserve life index (RLI) is calculated by dividing the 2P reserves of 468 MMboe as at December 31, 2023 by the mid-point of the 2024 CMD production guidance of 46,000 to 48,000 boepd.

    IPC uses the industry-accepted standard conversion of six thousand cubic feet of natural gas to one barrel of oil (6 Mcf = 1 bbl). A BOE conversion ratio of 6:1 is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. As the value ratio between natural gas and crude oil based on the current prices of natural gas and crude oil is significantly different from the energy equivalency of 6:1, utilizing a 6:1 conversion basis may be misleading as an indication of value.

    Supplemental Information regarding Product Types

    The following table is intended to provide supplemental information about the product type composition of IPC’s net average daily production figures provided in this press release:

      Heavy Crude Oil
    (Mbopd)
    Light and Medium Crude Oil (Mbopd) Conventional Natural Gas (per day) Total
    (Mboepd)
    Three months ended        
    September 30, 2024 21.9 7.8 91.9 MMcf
    (15.3 Mboe)
    45.0
    September 30, 2023 25.8 7.1 103.4 MMcf
    (17.3 Mboe)
    50.2
    Nine months ended        
    September 30, 2024 23.7 7.9 94.8 MMcf
    (15.8 Mboe)
    47.4
    September 30, 2023 25.9 8.6 102.4 MMcf
    (17.1 Mboe)
    51.6
    Year ended        
    December 31, 2023 25.8 8.1 102.8 MMcf
    (17.1 Mboe)
    51.1
             

    This press release also makes reference to IPC’s forecast total average daily production of 46,000 to 48,000 boepd for 2024. IPC estimates that approximately 50% of that production will be comprised of heavy oil, approximately 16% will be comprised of light and medium crude oil and approximately 34% will be comprised of conventional natural gas.

    Currency
    All dollar amounts in this press release are expressed in United States dollars, except where otherwise noted. References herein to USD mean United States dollars and to MUSD mean millions of United States dollars. References herein to CAD mean Canadian dollars.

    The MIL Network

  • MIL-OSI: Atos signs binding agreement to sell Worldgrid to ALTEN for an enterprise value of €270 million

    Source: GlobeNewswire (MIL-OSI)

    Press Release

    Atos signs binding agreement to sell Worldgrid to ALTEN for an enterprise value of €270 million

    Paris, France – November 5, 2024 – Following its press release dated June 11, 2024, Atos, a global leader in digital transformation, high-performance computing and information technology infrastructure, today announces that it has signed a Share & Asset Purchase Agreement with ALTEN SA (“ALTEN”) for the sale of its Worldgrid business unit for an enterprise value of €270 million.

    Worldgrid provides consulting and engineering services to energy and utility companies. The business currently employs close to 1,100 employees and, in 2023, it generated revenue of circa €170 million from a diverse and longstanding client base.

    ALTEN is a well-recognized IT and engineering player with expertise and product offerings in the energy and utilities industry. The contemplated transaction would ensure full continuity of service for Worldgrid’s strategic clients and employees.

    Relevant social processes with employee representative bodies are completed and approvals from regulators have been received. The transaction is expected to close before the end of 2024.

    ***

    About Atos

    Atos is a global leader in digital transformation with circa 82,000 employees and annual revenue of circa €10 billion. European number one in cybersecurity, cloud and high-performance computing, the Group provides tailored end-to-end solutions for all industries in 69 countries. A pioneer in decarbonization services and products, Atos is committed to a secure and decarbonized digital for its clients. Atos is a SE (Societas Europaea) and listed on Euronext Paris.

    The purpose of Atos is to help design the future of the information space. Its expertise and services support the development of knowledge, education and research in a multicultural approach and contribute to the development of scientific and technological excellence. Across the world, the Group enables its customers and employees, and members of societies at large to live, work and develop sustainably, in a safe and secure information space.

    Contacts

    Investor relations:
    David Pierre-Kahn | investors@atos.net | +33 6 28 51 45 96
    Sofiane El Amri | investors@atos.net | +33 6 29 34 85 67

    Individual shareholders: 0805 65 00 75

    Press contact: globalprteam@atos.net

    Attachment

    The MIL Network

  • MIL-OSI United Kingdom: UK to create world-first ‘early warning system’ for pandemics

    Source: United Kingdom – Executive Government & Departments

    The government is set to partner with Oxford Nanopore, which uses technology to rapidly diagnose a range of cancers, along with rare and infectious diseases

    • New partnership with cutting-edge life sciences company Oxford Nanopore will lead to better scientific research and could create tests and treatments for patients, saving lives

    • Patients suspected of having severe acute respiratory infections will be diagnosed within 6 hours, supporting the establishment of a new diagnostic system

    • Technology will allow potential outbreaks of bacterial or viral diseases to be monitored alongside antimicrobial resistance, shifting NHS from analogue to digital as part of 10-Year Health Plan

    The UK will create the world’s first real-time surveillance system to monitor the threat of future pandemics, prevent disease, and protect the public.

    Plans have been announced to form a new partnership between the government, Genomics England, UK Biobank, NHS England, and Oxford Nanopore – a UK-headquartered, world-leading life sciences company. 

    Oxford Nanopore uses long read sequencing technology to analyse genes and pathogens to rapidly diagnose a range of cancers, along with rare and infectious diseases. The technology can sequence long strands of DNA or RNA in one go, without breaking it up into smaller fragments.

    In infectious diseases, Oxford Nanopore’s technology will help to create an early warning system for future pandemics and potential biological threats, both preventing disease and protecting the public.

    It will be used in the expansion of NHS England’s Respiratory Metagenomics programme, being led by Guy’s and St Thomas’ NHS Foundation Trust (GSTT). It uses samples from patients with severe respiratory infections and rapid genetic testing to match those patients with the right treatments within 6 hours.

    This novel and world-leading application, developed in partnership with the NHS, will allow potential outbreaks of bacterial or viral diseases to be monitored alongside antimicrobial resistance across the country. 

    Following an initial successful pilot at St Thomas’ Hospital, the technology will now be rolled out from 10 to up to 30 NHS sites to address the current time lag between new pathogens emerging in the UK and action being taken to both treat affected patients and to prevent their spread, which will benefit people everywhere.

    Health and Social Care Secretary Wes Streeting said:

    If we fail to prepare, we should prepare to fail. Our NHS was already on its knees when the pandemic struck, and it was hit harder than any other comparable healthcare system.

    We cannot let history repeat itself. That’s why this historic partnership with Oxford Nanopore will ensure our world-leading scientists have the latest information on emerging threats at their fingertips.

    As we embrace the technological revolution, our 10-Year Health Plan will shift the NHS away from analogue to digital, saving countless more lives.

    Science and Technology Secretary Peter Kyle said:

    During the Covid pandemic, we saw the power of the UK life sciences sector very clearly, from the Oxford-Astra Zeneca vaccine that saved so many lives, through to operating one of the world’s most effective Covid surveillance systems, which spotted several emerging variants of the disease.

    This partnership will build on that expertise to monitor emerging diseases as they arise, putting our scientists and decision-makers one-step ahead and providing the information they need to make informed decisions.

    Together with the ability to better diagnose cancers and rare diseases, we are leveraging UK life sciences to protect the public and ultimately save lives.

    Professor Susan Hopkins, Chief Medical Advisor at UK Health Security Agency, said:

    Early detection is absolutely crucial in enabling us to respond effectively to any emerging pathogen. The UK already has a wealth of expertise in genomic surveillance, and this programme will build on that expertise and enable us to bring our resources and capability to tackle developing threats at greater speed. Enhancing the capacity for the NHS to determine new and emerging pathogens causing severe acute respiratory infections will improve the detection and emergence of infections.

    As part of the 100 days mission, this will enable the development of effective diagnostics for novel pathogens and enhance our pandemic preparedness.

    Oxford Nanopore CEO Gordon Sanghera said:

    The UK has a remarkable life science ecosystem, and we are delighted to be working more closely with the UK government and the NHS in this collaboration.

    The world-renowned Genomics England and UK Biobank have led the way in scaling genomics discovery and translating these advances into patient impact.

    By working alongside our partners on shared goals of improved patient outcomes – whether in cancer, genetic disease or infectious disease – and pandemic preparedness, we believe we can deploy our unique DNA sequencing technology in ways that are most impactful for the people of the UK.

    Professor Ian Abbs, chief executive of Guy’s and St Thomas’ NHS Foundation Trust, said:

    We’ve been working on the respiratory metagenomics programme for over 4 years and have clearly seen the benefit to our patients. It’s a momentous day now that we can ensure other hospitals, and more patients, can also benefit from faster and more accurate treatment for severe respiratory conditions thanks to new genomic technology.

    As part of the expansion to the metagenomics programme, the data gathered using Oxford Nanopore’s technology will be provided to the UK Health and Security Agency, allowing quicker detection and action on emerging infectious diseases to be taken.

    The collaboration between the government and Oxford Nanopore – which will also join up Genomics England and UK Biobank with NHS England – is another key vote of confidence in the UK’s life sciences sector, which will help kickstart economic growth and support the 10-Year Health Plan’s ambition to shift the health service from analogue to digital and from sickness to prevention, helping keep patients out of hospital. 

    Genomics England will work strategically with Oxford Nanopore to further insights from the data they hold, including on cancer and rare diseases, to enable future breakthroughs in identifying genomic mutations that may be treatable and preventing these devastating conditions. UK Biobank will also continue to work with Oxford Nanopore and the government to improve the insights from their data and translate these into impact for NHS patients.

    Along with the vast benefits to patients, this work will drive economic growth, supporting the expansion of one of our most promising life sciences companies. 

    This partnership comes hot on the heels of the Budget, where the government announced investment of £40m over 5 years in a Proof of Concept Fund for spinouts, companies formed based on academic research generated within and owned by a university. 

    This will build on the excellent example set by Oxford Nanopore, one of the UK’s most successful spinout companies, having been founded at Oxford University in 2005. This fund could help to unleash a raft of innovative new spinouts like Oxford Nanopore, helping to drive job creation and economic growth.

    Updates to this page

    Published 5 November 2024

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: CMA provisionally finds Vodafone / Three could address competition concerns through network investment and customer protections

    Source: United Kingdom – Executive Government & Departments

    CMA inquiry group investigating Vodafone / Three merger publishes Remedies Working Paper.

    iStock

    • CMA inquiry group investigating Vodafone / Three merger publishes Remedies Working Paper.  

    • Merger could proceed if appropriate remedies are implemented. 

    • CMA to seek feedback before making a final decision by 7 December. 

    The Competition and Markets Authority (CMA) has provisionally found that a multi-billion-pound commitment to upgrade the merged company’s network across the UK, including the roll-out of 5G, combined with short-term customer protections could solve competition concerns identified in September and allow the merger to go ahead. 

    The CMA investigation – led by an independent inquiry group – provisionally found in September that the merger could lead to higher prices for customers and harm the position of mobile virtual network operators, such as Sky Mobile, Lyca, Lebara and iD Mobile. The CMA also consulted on potential solutions to address its concerns – known as remedies. 

    The CMA has today set out a Remedies Working Paper to seek views on the effectiveness of a proposed remedy package.  

    It provisionally finds that a legally binding commitment to undertake the network integration and investment programme proposed by Vodafone and Three would significantly improve the quality of the merged company’s mobile network, boosting competition between mobile network operators in the long term and benefiting millions of people who rely on mobile services.  

    The CMA also found that short term protections would be needed to ensure that retail consumers and mobile virtual network operators can continue to secure good deals during the initial years of network integration and investment roll-out. 

    The remedies proposed today would require Vodafone and Three to:  

    • deliver their joint network plan – which sets out the network upgrade and improvements they will make through significant levels of investment over the next 8 years across the UK. This would be a legal obligation overseen by both Ofcom – the telecoms regulator – and the CMA

    • commit to retain certain existing mobile tariffs and data plans for at least 3 years, protecting millions of current and future Vodafone / Three customers (including customers on their sub-brands) from short-term price rises in the early years of the network plan 

    • commit to pre-agreed prices and contract terms to ensure that Mobile Virtual Network Operators can obtain competitive wholesale deals

    Stuart McIntosh, chair of the inquiry group leading the investigation, said:  

    We believe this deal has the potential to be pro-competitive for the UK mobile sector if our concerns are addressed.  

    Our provisional view is that binding commitments combined with short-term protections for consumers and wholesale providers would address our concerns while preserving the benefits of this merger.  

    A legally binding network commitment would boost competition in the longer term and the additional measures would protect consumers and wholesale customers while the network upgrades are being rolled out.

    Today’s announcement is provisional, with a final decision due before the 7 December statutory deadline. The inquiry group is inviting feedback on today’s announcement by 5pm on 12 November.  

    More information can be found on the  Vodafone / CK Hutchison JV case page and on  the detailed guidance page

    Notes to editors

    1. The CMA’s guidance explains that the Remedies Working Paper may be published on the CMA website if the CMA deems wider consultation to be necessary. In this case, the CMA considers the publication of the Remedies Working Paper is appropriate for third parties to understand its provisional decision and provide any further views before the final decision.  

    2. The inquiry group’s decision set out in the Remedies Working Paper published today on the appropriate remedy to address the competition concerns identified in the provisional findings is provisional. Following consultation on the Remedies Working Paper, the Group will take its final decision on both the competition issues and any remedies by 7 December 2024. 

    3. Vodafone UK (which is owned by Vodafone Group Plc) and Three UK (which is owned by CK Hutchison Holdings Limited) are two major providers of mobile telecommunication services in the UK. Last year both businesses announced a joint venture agreement which would bring their 27 million customers under a new, single network operator. 

    4. The 4 mobile network operators in the UK are Vodafone UK, Three UK, BTEE and Virgin Media O2. 

    5. ‘Virtual’ network operators – such as Sky Mobile, Tesco Mobile, Lebara, Lyca Mobile and iD Mobile – do not own their own networks and rely on access to a mobile network operator’s network to supply mobile services to their customers. 

    6. Part way through the Phase 2 investigation, Vodafone and Three entered into an agreement with VMO2 (Beacon 4.1) which involves, among other things, the divestment of spectrum to VMO2 (conditional on CMA approval for the merger). The CMA has considered the impact of this as part of its assessment.

    Updates to this page

    Published 5 November 2024

    MIL OSI United Kingdom

  • MIL-OSI: Valeura Energy Inc.: Completion of Internal Restructuring

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Nov. 05, 2024 (GLOBE NEWSWIRE) — Valeura Energy Inc. (TSX:VLE, OTCQX:VLERF) (“Valeura” or the “Company”) is pleased to announce the completion of an internal restructuring of its Thailand subsidiary companies. 

    Valeura’s working interests in all its Thai III fiscal contracts, covering the Nong Yao, Manora and Wassana fields, are now held by Valeura Energy (Thailand) Ltd, a wholly owned subsidiary of Valeura, which previously had only held an interest in the Wassana asset.  The Company anticipates that the new structure offers the potential to optimise various operational and financial aspects of these assets.  In particular, the Company anticipates realising efficiencies through ongoing contracting and procurement, as well as the pooling of future costs and historical tax loss carry-forwards associated with these assets.  As of September 30, 2024, the cumulative tax loss carry-forwards are estimated at US$397 million(1).  

    Dr. Sean Guest, President and CEO commented:

    “Today marks a milestone in delivering value for our shareholders, and completes the integration work we started after our Gulf of Thailand acquisitions in 2022 and 2023.  Early on, we identified the potential for greater efficiency by bringing our Thai III assets together through a re-organisation; our team recognised that together, these assets are worth more than the sum of their parts. 

    Pursuing this type of synergy strengthens our ability to re-invest in the business for the benefit of all stakeholders.  We intend to continue investing directly into the many organic growth opportunities inherent in our Thailand portfolio, and also seeking new ways to provide further value, including through acquisition-led growth.”

    Under Thailand’s income tax provisions, from today forward, petroleum income tax for the three subject assets will be assessed as a single entity. Tax obligations relating to the previous subsidiary company arrangement are required to be assessed immediately and settled within the next 30 days. Taxation arrangements for the Jasmine field, which is governed by a different vintage of fiscal terms (known as Thai I), and held in a separate subsidiary entity, will continue unchanged. 

    (1) Unaudited internal management estimate based on Thai baht exchange rate as of November 1, 2024, subject to review by tax advisors and auditors.

    For further information, please contact:

    Valeura Energy Inc. (General Corporate Enquiries)  +65 6373 6940
    Sean Guest, President and CEO  
    Yacine Ben-Meriem, CFO  
    Contact@valeuraenergy.com  
       
    Valeura Energy Inc. (Investor and Media Enquiries)  +1 403 975 6752 / +44 7392 940495
    Robin James Martin, Vice President, Communications and Investor Relations  
    IR@valeuraenergy.com  
       

    Contact details for the Company’s advisors, covering research analysts and joint brokers, including Auctus Advisors LLP, Canaccord Genuity Ltd (UK), Cormark Securities Inc., Research Capital Corporation, and Stifel Nicolaus Europe Limited, are listed on the Company’s website at www.valeuraenergy.com/investor-information/analysts/.

    About Valeura

    Valeura Energy Inc. is a Canadian public company engaged in the exploration, development and production of petroleum and natural gas in Thailand and in Türkiye. The Company is pursuing a growth-oriented strategy and intends to re-invest into its producing asset portfolio and to deploy resources toward further organic and inorganic growth in Southeast Asia. Valeura aspires toward value accretive growth for stakeholders while adhering to high standards of environmental, social and governance responsibility.

    Additional information relating to Valeura is also available on SEDAR+ at www.sedarplus.ca.

    Advisory and Caution Regarding Forward-Looking Information

    Certain information included in this news release constitutes forward-looking information under applicable securities legislation. Such forward-looking information is for the purpose of explaining management’s current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions. Forward-looking information typically contains statements with words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “estimate”, “propose”, “project”, “target” or similar words suggesting future outcomes or statements regarding an outlook. Forward-looking information in this news release includes, but is not limited to: the potential to optimise various operational and financial aspects, relating to such matters as ongoing contracting and procurement, as well as the pooling of future costs and historical tax loss carry-forwards associated with these assets and statements with respect to the growth opportunities inherent in the Company’s Thailand portfolio and the Company seeking new ways to provide further value.

    Forward-looking information is based on management’s current expectations and assumptions regarding, among other things: the ability of the Company to obtain the anticipated benefits from the internal restructuring; political stability of the areas in which the Company is operating; continued safety of operations and ability to proceed in a timely manner; continued operations of and approvals forthcoming from governments and regulators in a manner consistent with past conduct; future drilling activity on the required/expected timelines; the prospectivity of the Company’s lands; the continued favourable pricing and operating netbacks across its business; future production rates and associated operating netbacks and cash flow; decline rates; future sources of funding; future economic conditions; the impact of inflation of future costs; future currency exchange rates; interest rates; the ability to meet drilling deadlines and fulfil commitments under licences and leases; future commodity prices; the impact of the Russian invasion of Ukraine; royalty rates and taxes; future capital and other expenditures; the success obtained in drilling new wells and working over existing wellbores; the performance of wells and facilities; the availability of the required capital to funds its exploration, development and other operations, and the ability of the Company to meet its commitments and financial obligations; the ability of the Company to secure adequate processing, transportation, fractionation and storage capacity on acceptable terms; the capacity and reliability of facilities; the application of regulatory requirements respecting abandonment and reclamation; the recoverability of the Company’s reserves and contingent resources; ability to attract a partner to participate in its tight gas exploration/appraisal play in Türkiye; future growth; the sufficiency of budgeted capital expenditures in carrying out planned activities; the impact of increasing competition; the ability to efficiently integrate assets and employees acquired through acquisitions; global energy policies going forward; future debt levels; and the Company’s continued ability to obtain and retain qualified staff and equipment in a timely and cost efficient manner. In addition, the Company’s work programmes and budgets are in part based upon expected agreement among joint venture partners and associated exploration, development and marketing plans and anticipated costs and sales prices, which are subject to change based on, among other things, the actual results of drilling and related activity, availability of drilling, offshore storage and offloading facilities and other specialised oilfield equipment and service providers, changes in partners’ plans and unexpected delays and changes in market conditions. Although the Company believes the expectations and assumptions reflected in such forward-looking information are reasonable, they may prove to be incorrect.

    Forward-looking information involves significant known and unknown risks and uncertainties. Exploration, appraisal, and development of oil and natural gas reserves and resources are speculative activities and involve a degree of risk. A number of factors could cause actual results to differ materially from those anticipated by the Company including, but not limited to: the ability of management to execute its business plan or realise anticipated benefits from acquisitions; the risk of disruptions from public health emergencies and/or pandemics; competition for specialised equipment and human resources; the Company’s ability to manage growth; the Company’s ability to manage the costs related to inflation; disruption in supply chains; the risk of currency fluctuations; changes in interest rates, oil and gas prices and netbacks; potential changes in joint venture partner strategies and participation in work programmes; uncertainty regarding the contemplated timelines and costs for work programme execution; the risks of disruption to operations and access to worksites; potential changes in laws and regulations, the uncertainty regarding government and other approvals; counterparty risk; the risk that financing may not be available; risks associated with weather delays and natural disasters; and the risk associated with international activity. See the most recent annual information form and management’s discussion and analysis of the Company for a detailed discussion of the risk factors.

    The forward-looking information contained in this new release is made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless required by applicable securities laws. The forward-looking information contained in this new release is expressly qualified by this cautionary statement.

    This announcement does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction, including where such offer would be unlawful. This announcement is not for distribution or release, directly or indirectly, in or into the United States, Ireland, the Republic of South Africa or Japan or any other jurisdiction in which its publication or distribution would be unlawful.

    Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this news release.

    This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

    The MIL Network

  • MIL-OSI Asia-Pac: Year End Review 2024: Department of Water Resources, River Development and Ganga Rejuvenation,

    Source: Government of India (2)

    Posted On: 25 JAN 2025 10:14AM by PIB Delhi

    The Department of Water Resources, River Development and Ganga Rejuvenation, Ministry of JalShakti has been working relentlessly towards achieving the vision and mission of making India a ‘Water Secure Country’ as envisioned by Prime Minister, Shri Narendra Modi. The Ministry of Jal Shakti, formed in 2019 by bringing together all water related departments and organizations under one umbrella Ministry, has been playing a pivotal role in implementation of a focused strategy towards making India ‘Water Secure’ while ensuring optimal utilization of precious and scarce water resources across the nation. During the year2024, the Department of Water Resources, River Development and Ganga Rejuvenation has undertaken several new initiatives and achieved significant outcomes/milestones. Following is some of the key achievements of the Department in 2024:

    1.  ​National Mission forClean Ganga (NMCG)

    National Mission for Clean Ganga, in the year 2024, completed 25 projects which resulted in the completion of a cumulative total of 303 projects, sofar, and also sanctioned 39 new projects amounting to ₹ 2,056 crore, bringing the cumulative total to 488 projects sanctioned worth ₹ 39,730 crore. In sewerage infrastructure, 12 projects for the creation/ rehabilitation of 305 MLD sewage treatment capacity have been sanctioned between January to December 2024. In the same period, 16 projects for the creation/ rehabilitation of 750 MLD sewage treatment capacity have been completed. Till date, a total of 203 sewerage infrastructure projects have been sanctioned in the Ganga Basin for the creation of 6,255 MLD sewage treatment capacity and the laying of a 5,249 km sewer network.

    Other key achievements during the year 2024 are as follows:

     

    (A) Inauguration and Laying of Foundation Stones Sewerage infrastructure projects by Hon’ble Prime Minister (Under Nirmal Ganga)

     

    • On 25thJanuary 2024, the Hon’ble Prime Minister inaugurated the following projects with a cumulative cost of ₹ 790.5 Crores from Bulandshahr, Uttar Pradesh.

     

    1. Construction of 30 MLD STP at Masani, Mathura (under Hybrid Annuity-basedPPP (HAM) model under Namami Gange Program), Rehabilitation of existing (30 MLD at Trans Yamuna and 6.8 MLD STP at Masani, Mathura) total 36.8 MLD and Construction of 20 MLD TTRO plant (Tertiary Treatment and Reverse Osmosis Plant), Masani, Mathura 
    1. Construction of 58 MLD STP with 264 km and sewerage Network at Moradabad

     

    • On 1st March 2023, the Hon’ble Prime Minister inaugurated three projects worth
      ₹ 575 crore
      from Hooghly, West Bengal. These projects include, 40 MLD STP work with Interception & Diversion at Bally, West Bengal, 60 MLD STP work with Interception & Diversion at Kamarhati and Baranagar Municipalities, West Bengal and 65 MLD STP work with Interception & Diversion at Howrah.

     

    • On 2nd March 2024, the Hon’ble Prime Minister inaugurated twelve projects worth ₹ 2,189 crore from Aurangabad, Bihar. These projects include 60 MLD STP and 162 km sewerage network at Saidpur, Patna, 60 MLD STP at Pahari, Patna, 93 km sewerage network at Pahari Zone IVA (S), Patna, 116 km sewerage network at Pahari Zone V, Patna, 180 km sewerage network at Beur, Patna, 96 km sewerage network at Karmalichak, Patna, 11 MLD STP at Barh, Patna, 10 MLD STP at Sultanganj, Bhagalpur, 9 MLD STP at Naugachia, Bhagalpur, 3.50 MLD STP at Sonepur, Saran, 32 MLD STP at Chhapra, Saran.

     

    • On 10th March 2024, the Hon’ble Prime Minister inaugurated three sewage projects worth ₹ 1,114 crore from Azamgarh, Uttar Pradesh. These projects include 72 MLD STP and I&D network work at Naini (District-G, 42 MLD), Phaphamau (District-F, 14 MLD) and Jhunsi (16 MLD), Prayagraj, 30 MLD STP and I&D network  work at Jaunpur and 45 MLD STP and I&D network work at Etawah.

     

    • On 2nd October 2024, the Hon’ble Prime Minister inaugurated and laid the foundation stone for ten sewage treatment plant (STP) projects with a total cost of ₹ 1,555 crore. Among these, five projects worth ₹ 534.25 crore were inaugurated across Uttar Pradesh and Bihar. Additionally, laid the foundation stone for five more projects across Bihar, Jharkhand, and Uttar Pradesh, amounting to ₹ 1,021 crore.

     

    (B) Inauguration and Laying of Foundation Stones Sewerage infrastructure projects by Hon’ble Union Minister of Jal Shakti (Under Nirmal Ganga)

     

    • On 4th January 2024, the Hon’ble Union Minister for Jal Shakti inaugurated 14 MLD Sewage Treatment Plant (STP) with a 2.4 km Interception & Diversion (I&D) Network worth ₹ 77.36 crores in Baghpat, Uttar Pradesh.

     

    • On 18th January 2024, the Hon’ble Union Minister for Jal Shakti laid the foundation stone for the 220 MLD Meerut sewage treatment plant (STP) with interception and diversion (I&D) project worth ₹ 370 crore in Meerut, Uttar Pradesh.

     

    1. Training on Occupational Health & Safety Audit

    NMCG organized 9 virtual safety training program and trained more than 1,500 officials on “Occupational Health and Safety Audit (OHSA)” From January 2024 to December 2024, to ensure workplace safety and compliance.

    1. Activities Under Biodiversity Conservation (Under Aviral Ganga)

     

    The programme has sanctioned projects focused on protecting and rehabilitating fishery, turtles, crocodiles, and dolphins. Projects Sanctioned in the year 2024 are as under :

     

    • Advancing Rescue System for the protection of stranded Ganges river Dolphins.
    • Conservation, Reintroduction, and Rehabilitation of threatened Turtles along ganga basin.

    · Expanding Conservation Breeding Programme of Freshwater Turtle and Gharial at Kukrail Rehabilitation Centre, Lucknow

    NMCG, in partnership with CIFRI, has successfully implemented fish ranching programs for Indian Major Carps and other species. In 2024, notable achievements include – Ranching of Indian Major Carps (IMC): 49.25 lakhs, Mahseer: 7,370, Hilsa: 42,117 and Hilsa tagging: 1,387 nos.

    1. Important Activities (under Jan Ganga)

     

    • Launch of Namami Niranjana Abhiyan: NMCG launched the “Namami Niranjana Abhiyan” on 20th February 2024, aimed at ensuring the perennial flow of the Niranjana (Falgu) river and bolstering the ongoing efforts of the “Niranjana (Falgu) River Recharge Mission”. The Falgu river, revered as Niranjana in Bodhgaya and Falgu in Gaya, originates from Belgadda in the Simaria block of Chatra district, Jharkhand, holding profound significance in the Hindu Sanatan religion. Pilgrims partake in rituals such as PindDaan and Tarpan for their ancestors using water from the Falgu river.
    • Celebration of International Day of Yoga: On the occasion of the International Day of Yoga, the National Mission for Clean Ganga (NMCG) organized ‘Ghat Par Yoga’ at BSF Camp, Zero Pushta, Sonia Vihar in Delhi on the bank of River Yamuna on 21st June, 2024. Over 1,000 people participated in the event including officials and staff from the NMCG, NGOs under the Yamuna Action Plan (YAP-III) of the Delhi Jal Board (DJB), the Border Security Force (BSF), Ganga Vichar Manch, various other NGOs, as well as students and children.
    • 8thIndia Water Week 2024: The 8th edition of India Water Week (IWW) 2024 was held during 17-20 September 2024, in New Delhi, on the theme “Partnerships and Cooperation for Inclusive Water Development and Management.” This prestigious international event has become a key platform for collaboration in water resource management. The event was inaugurated by the President of India,  alongside Hon’ble Union Minister of Jal Shakti, and Hon’ble Minister of State for Jal Shakti.

     

    • Ganga Utsav- A River Festival 2024: On 4th November 2024, the 8th edition of Ganga Utsav was organized by NMCG at scenic Chandi Ghat in Haridwar to promote the conservation of the Ganga River, emphasize its cultural and spiritual importance, and raise public awareness about cleanliness. The event was inaugurated by Hon’ble Union Minister of Jal Shakti in the august presence of the Hon’ble Union Minister of State for Jal Shakti, Hon’ble Uttarakhand Minister for Women & Child Welfare, Secretary, DoWR, RD & GR, Ministry of Jal Shakti, and DG, NMCG. This eighth edition of the event was the first time held on the riverbank, with celebrations extending across more than 110 districts in the Ganga basin states.The event featured participants from diverse spheres, including students, scientists, spiritual leaders, and more.
    • 9th India Water Impact Summit: The 9th India Water Impact Summit (IWIS) & 2nd Climate Investments and Technology Impact Summit were organised jointly by NMCG & c-Ganga from 4th to 6th December 2024 at Bharat Mandapam, New Delhi.
    1. International Collaboration

     

    • Meeting with German Delegates: On 9th May 2024, a meeting was held with the Deputy Head of the Economic Division, German Embassy to discuss the current status of projects aimed at rejuvenating the Ganga River, supported through bilateral cooperation between India and Germany.
    • Workshop on Strengthening Quality Infrastructure for Water Monitoring of the Ganges River II: NMCG in association with Physikalisch- Technische Bundesanstalt (PTB)  under Indo-German Technical Cooperation Programme organised a 6-day training programme from 22nd July to 31st July 2024.
    • Inception Workshop for District Ganga Plans: On 5th July 2024, NMCG in association with GIZ organized an inception workshop for the District Ganga Plans. The workshop aimed to create comprehensive District Ganga Plans (DGPs) based on a River Basin Management approach, which has been prepared for four pilot districts.
    • Smart Laboratory for Clean Rivers (SLCR): The Smart Lab for Clean Rivers (SLCR) has been set up under the Green Strategic Partnership between India and Denmark to bring global solutions on current challenges in the field of clean river water, conduct collaborative research and development to fit in real environment through Living lab approach and creation of platform between Government authorities, academic institutions and technology providers for knowledge sharing and co-creation to achieve clean river water.
    • Meeting of the Joint Review Committee: On 9th October 2024, the first meeting of the Joint Review Committee (JRC) under the India-Israel Memorandum of Understanding (MoU) was held under the chairmanship of DG, NMCG, to address priority areas such as reducing non-revenue water, urban water management through IoT and AI, wastewater treatment, and sewage sludge management.
    1.  Development of knowledge products (Under Gyan Ganga)

     

    The ‘River Atlas for Ganga Main Stem Districts’, an in-house developed knowledge product of the GKC was launched by the Hon’ble Minister of Jal Shakti on 09thDecember 2024 during the 13th Empowered Task Force Meeting. The atlas comprises maps of River Ganga and its tributaries, covering five main stem states in the Ganga basin – Uttarakhand, Uttar Pradesh, Bihar, Jharkhand, and West Bengal. This comprehensive Atlas is essential for the effective implementation of policies and programs and accurate planning and informed decision-making.

     

    1. ​National Water Mission (NWM)
    • MoU with Girganga Parivar Trust (Girganga) has been signed on 22.10.2024 on Pro bono basis. They have committed to build 11,111 bore well recharge and 11,111 check dams.
    • MoU with Sarkaritel.com/jalprahari.in has been signed on 13.12.2024 on Pro bono basis. They have committed for generating awareness on Water Conservation in the public.
    • MoU with Vyakti Vikas Kendra India (VVKI), the Art of Living has been signed on 16.12.2024 on Pro bono basis. They have committed for creating of Water recharge structure with the help of implementing many River Rejuvenation Programs through Government scheme MGNREGA
    • Central Water and Power Research Station, Pune
    • Central Soil and Material Research Station, New Delhi
    • National Institute of Hydrology, Roorkee
    • Central Water Commission, New Delhi
    • Publication of research/ technical reports – 281 Nos.
    • Organisation of Trainings and workshops – 94 Nos.
    • Training of people for capacity building- 2623 persons
    • Publication of high impact technical report & research papers – 18 Nos.
    • 13 new research schemes has been recommended by Standing Advisory Committee and approved by Secretary (WR).
    • The research project “Hydro-geological Assessment and Socio-Economic implications of Depleting Water Resources in tourist towns of Uttarakhand” has been completed.
    • The research project “Irrigation Efficiency Improvement through On–farm Water Management” has been completed.
    • The research project “Dynamic Downscaling to study Climate Change Impacts on
    • Water Resource in India” has been completed.
    1. ​ National Water Development Agency (NWDA): Inter-Linking of Rivers Project

    Under National Perspective Plan (NPP) formulated by Government of India, 30 inter-basin water transfer links (16 Peninsular and 14 Himalayan component) have been identified by National Water Development Agency for preparation of Feasibility Reports. Detailed Projects Reports (DPRs) of 11 links, Feasibility Reports (FRs) of 26 links and Pre-Feasibility Reports (PFRs) of all the 30 links have been prepared. The Inter-Linking River (ILR) Programme has been taken up on high priority by Government of India. The works related to ILR projects are already in progress. Five links have been identified as priority links by Govt. of India viz., Ken-Betwa Link Project (KBLP), Modified Parbati-Kalisindh-Chambal Link Project (MPKC) and Godavari-Cauvery (G-C) Link Project (comprising of 3 link systems).

    System studies of four link projects viz.; Manas-Sanksoh-Teesta-Ganga (MSTG) link, Ganga-Damodar-Subernarekha (GDS) link, Subernarekha-Mahanadi (SM) link and Farakka-Sunderbans (FS) link have been initiated and the work of these four links has been awarded to IIT, Guwahati, NIT, Patna, NIT, Warangal and NIH, Roorkee respectively. Inception Reports have been submitted in June, 2023 by all the four Institutes. The draft final reports of MSTG and GDS have been submitted by the respective Institutes. The system studies of Mahanadi-Godavari link have been completed by NIH, Roorkee and the Final Report has been submitted in May, 2023. Awarding of work for system studies of southern linkage initiated, however, it may be taken up after finalization of quantity of water that can be transferred from MSTG, GDS, FS and SM link projects to Mahanadi river, as per system studies. 

    Ken-Betwa Link Project (KBLP): is the first inter-linking of rivers (ILR) project for which implementation has been initiated. The project will be of immense benefit to the water starved Bundelkhand Region, spread across the States of Madhya Pradesh and Uttar Pradesh which includes districts of Panna, Tikamgarh, Niwari, Chhatarpur, Sagar, Damoh, Datia, Vidisha, Shivpur&Raisen and Banda, Mahoba, Jhansi & Lalitpur respectively. The status of KBLP is as given below:

     

    1. Subsequent to signing of tripartite agreement in year, 2021, Govt. of India approved implementation of the project in December, 2021 at an estimated cost of Rs. 44,605 Crore with central support of Rs. 39,317 Crore.
    2. With allocation of budget under RE of FY 2021-22, the implementation of the project has started.
    3. Steering Committee and Ken-Betwa Link Project Authority (KBLPA) were been constituted vide Gazette Notification dated 11.02.2022.
    4. KBLPA HQ Office is set up at Bhopal with three more offices at Chhatarpur, Panna and Jhansi, which are fully functional with regular CEO/ACEOs, Director (Fin.) and other officials.
    5. Six meetings of Steering Committee and Six meetings of KBLPA have been held so far.
    6. Initially the focus is on land acquisition, R&R, fulfilling the compliances to the conditions of forest clearance and wildlife clearance.
    7. Greater Panna Landscape Council (GPLC) under Chief Secretary, Govt. of MP has been constituted for implementation of Landscape Management Plan through various stakeholders. Its first meeting was held on 05.09.23. Sub-Committee of GPLC was constituted on 16.10.2023 and its 1st& 2nd meetings were held on 17.10.2023 & 29.11.2023 respectively.
    8. Planning for an Integrated Research and Learning Centre (IRLC) at Panna has already been initiated by WII.
    9. The Monitoring Committee for R&R works of KBLP under Secretary, DoLR, MoRD has been constituted.
    10. Collector, Chhattarpur has made payment of Rs. 197.23 Crore to the affected Families. Whereas, Collector Panna has made payment of Rs.76.82 Crore to the affected families of Panna. The remaining Land Acquisition Payment for Private land in both the districts are in Progress.
    11. The work for engagement of Project Management Consultant (PMC) is in process. 9 bids were received for PMC, Result of Technical Evaluation of Bids was published on the CPP Portal on 22.08.2024. The Financial Proposals of the 5 technically qualified firms were opened on 10.09.2024. 20 meetings of Consultancy Evaluation Committee (CEC) for hiring PMC have been held so far. 20th meeting of CEC was held on 11.09.2024 for financial evaluation of bids. After financial and technical evaluation of bids received, recommendations of the CEC have been submitted to DoWR,RD&GR, MoJS for approval on 13.09.2024.
    12. A Technical Advisory Group for KBLP (TAG-KBLP) for KBLPA has been constituted to review and advise KBLPA on various planning and technical matters on implementation of various components of the link project. 10 meetings of TAG have been held so far.
    13. The tender document for the main component of the project i.e. Daudhan dam and its Appurtenant works (EPC mode) was finalized by Technical Advisory Group of KBLP and the Tender Evaluation Committee (TEC) and floated on CPP portal on 11.08.2023.   The complete proposal of technical and financial evaluation of bids was sent to Ministry of Jal Shakti that has been approved by Ministry. Subsequently, KBLPA has issued Letter of Acceptance to M/s NCC Limited for the work of Daudhan dam on 28.11.2024.
    14. Stage–II Forest Clearance for diversion of 6017.00 ha of forest land for development of KBLP has been accorded by MoEF& CC on 03.10.2023.
    15. The draft tender for EPC execution of Ken-Betwa Link Canal is prepared in two packages and circulated to State Governments of MP and UP for their comments/suggestions. Suggestions from Govt. of UP have been received.
    16. PTR has accepted total 6017 ha non-forest land Transferred/ Mutated. Notification of 6017 ha has been completed by Forest Department under section-29 of Indian Forest Act-1927 and has been published.
    17. Land in submergence: 3239 ha (Govt. Land: 1784.67 ha + Private Land 1454.33 ha) of land is coming under submergence area of Daudhan Dam. Private land of 1454.33 ha and Government land of 1604.429 ha has been mutated in favour of WRD, MP. Balance 180.241 ha Government land is likely to be transferred to WRD, MP soon.
    18. Land Acquisition for Ken Betwa Link canal (99 villages of MP and 10 villages of UP) is under progress.
    19. The work on State specific components like Lower Orr, Kotha Barrage and Bina Complex Multipurpose Project is already in progress. Head Works of Lower Orr has been completed whereas Head Works for Kotha & Bina are ongoing.

    Cumulative Progress (%) upto December, 2024

    1. Lower Orr      : 67.00
    2. Kotha Barrage: 59.00
    3. Bina Complex: 50.20
    1. The preparation of DPRs of components of UP likes two barrages, renovation and modernization of Tanks of Mahoba district, renovation and modernization of three weirs and ken command system is in progress.
    2. Hon’ble Prime Minister Shri Narendra Modi Ji laid the Foundation Stone of KBLP on 25.12.2024 at Khajuraho (Madhya Pradesh).
    3. The project is planned to be completed in 8 years by March, 2030.

     

    Modified Parbati-Kalisindh-Chambal Link Project (MPKC):

     

    1. PFR has been circulated to concerned States. The work of DPRs is under progress.
    2. Memorandum of Understanding (MoU) has been signed on 28.01.2024 amongst States of MP, Rajasthan and Govt. of India.
    3. Memorandum of Agreement (MoA) of Modified Parbati-Kalisindh-Chambal link project has been signed on 05.12.2024 amongst States of MP, Rajasthan and Govt. of India. Subsequently Hon’ble Prime Minister declared the signing of the agreement on 17th December, 2024 at Rajasthan.

     

    Godavari-Cauvery (G-C) Link Project (comprising of 3 link systems):

     

    1. Modified proposal for transfer of 4189 MCM of water from Godavari along with supplementation in Krishna basin through Bedti-Varda link (524 MCM) has been studied by NWDA.
    2. Draft DPR of the modified /revised proposal has circulated to the concerned State/UT during Jan., 2024.
    3. Draft MoA has been prepared for implementation of the project and circulated to concerned State/UT for perusal and observation during April, 2024.
    4. Concerted efforts are being made for building up consensus amongst the States/UT for signing of MoA for the early implementation of this link project.

     

    8th India Water Week 2024:

     

    1. IWW-2024 was successfully organized/held from 17th to 20th September, 2024 at Bharat Mandapam, Pragati Maidan, New Delhi.
    2. The theme of the 8th India Water Week is “Partnerships and Cooperation for Inclusive Water Development and Management”.
    3. The mega event was inaugurated by the Hon’ble President of India.
    4. The four-day multi-disciplinary conference comprises of Ministerial Plenary, Global Water Leaders’ Plenary (2), Country Forum (4), Water Leaders Forum (9), Practitioner’s Forum (8), Startup Forum, Youth Forum, Water Convention (18) one-day study tour and concurrently organized exhibition. Denmark, Australia and Israel were the Partner Countries. There were 15 Partner States viz.; Tamil Nadu, Odisha, Bihar, Chhattisgarh, Kerala, Haryana, Andhra Pradesh, Gujarat, J&K, Madhya Pradesh, Uttarakhand, Rajasthan, Uttar Pradesh, Karnataka and Telangana.

    More than 4500 delegates from India & abroad participated in the IWW-2024. About 215 delegates from 40 countries participated in the conference. Parallel to the conference, in the exhibition 143 Exhibitors from Central, States Government, Public Sector undertakings, Private Firms, NGOs, Startups and Schools etc. showcased their technologies.

    1. ​ Central Water Commission (CWC)

          (i)   Central Water Commission has undertaken sedimentation assessment studies of selected reservoirs located in various States using Satellite Remote Sensing technique under the plan scheme “Research & Development Programme in Water Sector”. It is planned to take up the studies in respect of 80 reservoirs during 2021-26. Accordingly, the work of carrying out the study for the first batch of 40 reservoirs was outsourced.  Due to non-availability of either the desired water levels or satellite data for a reservoir on date of satellite pass, study in respect of 31 reservoirs was feasible which has been completed and reports published during 2022 to 2024. Besides this sedimentation studies in respect of 30 reservoirs have been completed in-house using Remote Sensing Techniques. Furthermore, a Google Earth Engine-based tool has also been developed by CWC officers, in-house under Smart Water Resources Modelling Organization (SWRMO) – Centre for Excellence, to automate the assessment of sedimentation in the live storage zone of reservoir.

          (ii)  A World Bank (WB) and Asian Infrastructure Investment Bank (AIIB) team conducted the Mid-Term Review (MTR) mission for the Second Dam Rehabilitation and Improvement Project (DRIP-2) between January 17 and May 3, 2024. The mission held discussions with Implementing Agencies (IAs) in Bhubaneshwar (Odisha), Surat (Gujarat), and New Delhi and undertook field visits to selected dams in Gujarat (Ukai) and Odisha (Hirakud, Rengali). The wrap-up meeting was held in New Delhi, chaired by Joint Secretary, D/o WR, RD&GR, Ministry of Jal Shakti (MoJS) and attended by Project Director, Central Water Commission (CWC), members of the Central Project Management Unit (CPMU), the Engineering and Management Consultant (EMC), and representatives of all Implementing Agencies (IA). As part of the mission, a detailed exercise on the use of the rapid risk assessment tool for Indian dams, in compliance with the National Dam Safety Act 2021, was carried out between March 5 and May 3, 2024.

          (iii) The quarterly dialogues on Coastal Area Management, initiated as per the direction of the Chairman, Central Water Commission (CWC) was held in April and May 2024.These dialogues brought together stakeholders from various levels of government, research institutions, and relevant departments to discuss pressing issues such as coastal erosion, salinity ingress, and the need for robust data collection and management. The dialogues provided a platform for sharing information, best practices, and innovative solutions from all stakeholders. As an outcome of the Quarterly Dialogue, CWC has published a report titled “Status Report on Coastal Area Management- An Indian Perspective, Region Issues & Remedial Measures”. The report provides a comprehensive overview of the challenges and initiatives related to coastal management in India. The report highlights the significant impacts of coastal erosion and salinity ingress, emphasizing the need for robust data collection, effective mitigation strategies, and increased collaboration among stakeholders.

    (iv) A Smart Water Resources Modelling Organization acts as Centre of Excellence to grow as a pioneering hub for developing in-house expertise and innovation in tackling diverse problem statements and studies in water sector and directly reports to Chairman, CWC.

    (v) Memorandum of Understanding (MoU) was signed on 06.06.2024between Central Water Commission (CWC) and IIT, Roorkeefor research work related to Irrigation Efficiency Assessment, Water Accounting studies, Cropped Area Mapping, Water Auditing, Urban Flood Forecasting & Risk Management, Urban Flood Inundation & Hazard Mapping, etc. These works will be carried out through mutual consultations and collaboration, leveraging the expertise and resources of both institutions.

    (vi) A Memorandum of Understanding (MoU) has been signed between Central Water Commission (CWC) and Space Application Centre (SAC) in the field of hydrology and water resources management, leveraging remote sensing and collaborative research efforts for mutual benefit on 08th July,2024.

    (vii) Support for Irrigation Modernization Program (SIMP): Central Water Commission (CWC), DoWR, RD & GR has taken up an initiative Support for Irrigation Modernization Program (SIMP) with technical assistance from theAsian Development Bank (ADB) to modernize Major/ Medium Irrigation (MMI) projects in the country.

    (viii) SIMP is proposed to be taken up in 4 phases. SIMP Phase-1 concluded on 31.12.2021 under which 4 MMI projects have been identified for inclusion under 1st batch of projects for preparation of Irrigation Modernization Plans (IMPs) out of the 57 proposals received from 14 States and 2 UTs. The entire process including the preparation of IMPs, Detailed Project Report (DPRs), detailed designs and final implementation/ project execution is expected to be completed by Phase-4. Implementation of the project would lie with the concerned States who would have an option to either fund it from their own resources or they can avail loan facility from ADB or any other financial institutions.

    (ix) SIMP Phase-2 was initiated from November 2022. Irrigation Modernization Plan (IMP) of four projects namely VanivilasaSagara Project, Karnataka, Palkhed Project Maharashtra, Purna Project, Maharashtra and Loharu Lift Irrigation Project, Haryana have been prepared. As a 1st step for preparation of IMPs, FAO developed RAP-MASSCOTE (Rapid Appraisal Procedure-Mapping System and Services for Canal Operation Techniques) workshops were organized to assess the present status of the identified four projects. The findings of RAP MASSCOTE workshops and issues related to Batch 1 SIMP projects were discussed in a mid-term workshop organized by ADB and CWC on 09.06.2023 at New Delhi.

    For capacity building under SIMP phase-II, the following activities were organized:

    • From 6th to 10th November 2023, a five days training on modernization and design of Pipe Distribution Networks (PDN) was organized at Panchkula/ Chandigarh. 22 Engineers from Karnataka, Maharashtra, Haryana, Punjab and CWC participated in the training.
    • On 15th and 20th December 2023, a Webinar on Irrigation Modernization and Design of PDN Systems was organized.
    • A Training on Asset Management Planning for Irrigation Schemes was held from 8th  to 12th  January 2024 at WALMI, Aurangabad.
    • A training on new technologies in Agriculture and Water Practices was held from 22nd  to 25th  January 2024 at HIRMI, Kurukshetra, Haryana.

    The Preliminary Project Reports (PPR) of all the four projects has been submitted by ADB to the concerned project authorities. PPR of Loharu, Haryana is under process with Govt department. PPR of Palkhed and Purna, Maharashtra is under process in Planning Department of Haryana, PPR of VVS, Karnataka is under process with state finance Govt of Maharashtra.

    PPRs are to be finalized by the states and submitted to DEA. After necessary approval from DEA, action for phase-3 will be taken up for preparation of DPRs.

    (x) A Training program on the application of Rapid Risk Assessment tool, in association with the World Bank for the officers of the core group was held during April 22, 2024 – May 3, 2024 at Auditorium, 1st floor, CWC Library Building, Near Sewa Bhawan, Sector-1, R K Puram, New Delhi. Total 66 officials nominated by CWC, NDSA and States / DRIP IAs for taking forward the assignment of carrying out the Rapid Risk Assessment of specified dams in the country.

    1. GLOF and Flood forecasting activities: –

    CWC finalized the criteria for Risk Indexing of Glacial Lakes in the Indian Himalayan Region in September 2024, which provide a comprehensive methodology for identifying and categorizing Glacial Lakes based on factors such as Glacial Lake size, Glacial Lake type, Side slope, Snout distance from GL etc. and the potential socio-economic impacts of a Glacial Lake Outburst Flood.

    In the year 2024, 2 new stations (Inflow) have started functioning. Currently CWC is providing flood forecast at 340 stations (200-level forecasting stations & 140-inflow forecasting stations). During the period from 1st April to 30.11.2024, 10415 (i.e. 7093 Level and 3322 Inflow) forecasts were issued, out of which 9947 (95.5%) forecasts were found within the accuracy limit (±0.15m for level forecast and ±20% for inflow forecast).During flood season, CWC operates the Central Flood Control Room on 24×7 basis at its headquarter in New Delhi and 36 Divisional Flood Control Rooms spread throughout the country for monitoring flood situation. On an average, about 10,000 forecasts are issued during flood season every year by the CWC. Normally, these forecasts are issued 6 to 30 hours in advance, depending upon the river terrain and location of the flood forecasting sites and their base stations. In addition to conventional flood forecasting techniques, mathematical model forecasting based on rainfall-run off methodology is being used for some areas. This has enabled CWC to issue 7-day advance flood advisory.

    Automated online 7-day flood advisory for all the level and inflow forecasting stations is maintained. “Flood Situation for next seven days” in respect of stations likely to be above warning level has been added in the “Daily Flood Situation Report cum Advisory” based on the 7-day advisory.

    1. Flood Plain Zoning

    In order to have a reasonable degree of protection, floods need to be managed through both structural & non-structural measures so as to reduce the losses. Non-structural measures are planned activities to modify susceptibility due to flood related damages. These are meant to keep people away from floods. Flood Plain Zoning is one of the main non-structural measures for management of floods worldwide.

    A technical committee under the chairmanship of Member (RM) was constituted during November 2022 for formulation of ‘Technical Guidelines on Flood Plain Zoning’ . After due deliberations, the committee submitted the guidelines to Ministry. The guidelines is presently under circulation to the states for their comments/review. Once implemented, these guidelines shall serve as a valuable document in guiding the states in framing their own legislation in protecting their rivers from future encroachments.

    1. Hydrological Studies:

    The success of a project is largely governed by the hydrological inputs. The success of a project is largely governed by the hydrological inputs. The Hydrological Studies Organization (HSO), a specialized unit under Design and Research (D&R) Wing of CWC, carries out hydrological studies in respect of the water resources projects in the country. The inputs in Detailed Project Report (DPR) or Pre- Feasibility (PFR) stage are made available in the form of:

    • Water availability/yield studies.
    • Design flood estimation.
    • Sedimentation studies.
    • Diversion flood studies.

    The country has been divided into 7 zones and further into 26 hydro- meteorologically homogeneous sub-zones and flood estimation models are developed for each subzone to compute the design flood in ungauged catchments. So far, flood estimation reports covering 24 sub-zones have been published. During the year 2024- 25, technical examinations of hydrological aspects of DPRs in respect of 88 projects have been carried out in CWC. Out of this, 46 projects have been cleared and comments were issued for 17 projects. Rest of the projects are under examination.

    Some of the major works carried out during this period are:

    •   Flood frequency analysis & carrying capacity of Yamuna River from Hathnikund Barrage to Delhi.

    •   Hydrology Chapter for Bakchachuu HEP, Ringyang HEP, &RimbiKhola HEP has been submitted.

    •   100 yr& 500 yr Return Period flood of Chandrawal River under Ken Betwa Link project.

    •   Water Availability of the untapped catchment between alignment of feeder canal, Mahalpur barrage and Navnera Barrage Under MPKC link.

    Technical Assistance / Advice tendered

    HSO has provided secretariat assistance to various technical/ expert committees for undertaking special studies on various aspects related to water resources development and management. Some of the important contributions during the year 2024- 25 are as under:

    • Hydrological Studies for Ponnaiyar River Basin, to resolve the interstate issue between Tamil Nadu and Karnataka.
    • Hydrological modeling for heavy rainfall across the Yamuna River catchment in July 2023 caused significant runoff and discharge, leading to rapid water level rises. In this study estimated submergence areas for different return-period floods, analyzed embankment overtopping, and identified drainage congestion and afflux of existing structures using 2-D modeling for the river reach between 21 km upstream of Wazirabad barrage and 10 km downstream of Okhla barrage.

    Hydrological modeling for tackling issues related to high intensity rainfall, riverine flood, drainage and interrelated issues in urban areas.

    1. Planning and Design of Water Resources Projects

    CWC is actively associated with design of majority of the mega water resources projects in India and neighboring countries, viz., Nepal and Bhutan by way of design consultancy or in the technical appraisal of the projects. At present CWC is provided design consultancy to 94 projects. Out of this, 31 projects (including 3 from neighboring countries) are at construction stage, 35 projects (including 2 from neighboring countries) are at DPR stage and 28 projects involve special problems.

    National Committee on Seismic Design Parameters: –

    The National Committee on Seismic Design Parameters (NCSDP) was constituted by MoWR Order dated 21 st October, 1991 with the objective to recommend the seismic design parameters for the proposals received from the dam owners. Member (D&R), CWC is the chairman of the committee with 12 other experts from various engineering disciplines from different technical institutions and Government organizations as its members. Director (FE&SA), CWC is the member Secretary of NCSDP. The 38th meeting of NCSDP was held on 10.05.2024 at CWC, New Delhi under the Chairmanship of Member (D&R) wherein six projects were cleared.

    Further, a special meeting of NCSDP was held on 05.06.2024 wherein the Guideline for Preparation and Submission Of Site-Specific Seismic Study Report of River Valley Project To National Committee On Seismic Design Parameters was revised comprehensively to be in line with the International practices.

    1. National Register of Large Dams:

    Before enactment of Dam Safety Act 2021, Dam Safety Organisation (DSO) , CWC compiled and maintained the register of large dams across the country in the form of National Register of Large Dams (NRLD) based on information provided by State Govts. / PSUs. After enactment of Dam Safety Act 2021, the NDSA has been mandated to maintain National level database of all specified dam in the country. The National Register of Specified (Large) Dams 2023 was released by Hon’ble Vice President of India in International Conference on Dam Safety held during 14th-15th September 2023 at Jaipur. As per NRLD- 2023, there are 6138 constructed and 143 under construction dams in the country. The NRLD, 2023 is available on CWC’s website and can be accessed by l ink- https:// cwc. gov. in/ publication/nrld.

    1. Technical Examination of Instrumentation aspects of the projects:

    Hydroelectric project:-

    Detailed Project Report (DPR)/ construction drawings of 29 river valley projects in various States/ countries namely Andhra Pradesh, Arunachal Pradesh, Gujarat, Himachal Pradesh, Madhya Pradesh, Meghalaya, Odisha, Sikkim Uttarakhand, West Bengal, Jammu & Kashmir, Bhutan and Nepal were examined, out of which 4 projects have been cleared with respect to instrumentation aspects and remaining 25 projects are at various stages of examination.

    Pumped storage Project:-

    Detailed Project Report (DPR)/ construction drawings of 42 river valley projects in various States/ countries namely Andhra Pradesh, Chhattisgarh, Gujarat, Jharkhand, Karnataka, Madhya Pradesh, Maharashtra, Odisha, Rajasthan, Tamil Nadu and Uttar Pradesh were examined, out of which 6 projects have been cleared with respect to instrumentation aspects and for remaining 36 projects, clearance from instrumentation aspects is no longer required as per the latest CEA guidelines.

    1. Standing Technical Advisory Committee of CSMRS

    The Standing Technical Advisory Committee (STAC) was constituted under the Chairmanship of Member (D&R), CWC for providing an overall perspective and guidance in technical scrutiny of research schemes being undertaken at CSMRS. The STAC is composed of 11 members drawn from various public sector institutions and is headed by Member (D& R), CWC. The 39th Standing Technical Advisory Committee (STAC) meeting of CSMRS was held on 25.10.2024

    1. Other Seismic works:

    Work related to technical evaluation and critical examination of web-based tool Seismic Hazard Assessment Information System (SHAISYS) being developed by IIT Roorkee and CWPRS Pune under DRIP is being carried out. A meeting is proposed on 18th December 2024 under the chairmanship of Member (D&R), CWC with the expert of IIT Roorkee at CWC, New Delhi regarding way forward for development of SHAISYS.

     

    1. CWC Activities under National Hydrology Project (NHP):

    Study on “Physical based Mathematical Modelling for estimation of Sediment Rate and Sediment Transport in Seven River Basin” has been completed.

    Extended Hydrological Prediction (multi week forecast) for Yamuna, Narmada and Cauvery basins is in progress.

    • Reservoir Sedimentation Studies using Hydrographic survey for 32 reservoirs” under Phase-I has been completed. Works of Phase II: Consists of 87 reservoirs in 10 states (Rajasthan, Gujrat, Uttar Pradesh, Uttarakhand, Madhya Pradesh, Maharashtra, Andhra Pradesh, Kerala, Telangana, and Odisha is under progress.
    • Supply, Installation, Testing & Commissioning (SITC) of 93 Nos. ADCP (14 + 29 + 50 in three phases) for the measurement of discharge at the HO sites of CWC has been completed. Further procurement of additional 46 no’s ADCP and 8 no’s Total station is in under progress.
    • Supply, Installation, Testing & Commissioning (SITC) of 32 velocity radar sensors for modernization of discharge observations has been completed.
    • 7 no’s of  Water Quality Equipment (ICP-MS and GC-MS) have been commissioned and installation & Commissioning of 3 more Water Quality Equipment (1 GC-MS and 2 ICP-MS) is under process.
    • Consultancy services for “Early Flood Warning System Including Inundation Forecast in Ganga Basin” is in progress.
    • Consultancy services for Development of Decision Support System near to real time for Integrated Reservoir Operation System of Ganga Basin” has been completed.
    • Real Time Data Acquisition System (RTDAS) for Narmada Control Authority (NCA) and Arunachal Pradesh comprising of network of 48 & 50 no’s hydro meteorological Stations respectively has been commissioned.
    • Reservoir Sedimentation Studies using Hydrographic survey for 32 reservoirs” under National Hydrology Project, Phase-I have been completed and reports published and under Phase II studies in respect of 87 reservoirs are taken up.
    1. DAM REHABILITATION AND IMPROVEMENT PROJECT (DRIP) Phase-II and III

    Dam Rehabilitation and Improvement Project (DRIP) is an externally aided project with financial assistance from the World Bank, targeting rehabilitation of some of the selected dams of the Country along with accompanying institutional strengthening component.

    Dam Rehabilitation and Improvement Project (Phase-II & III):

    Based on the success of DRIP Phase- I, Ministry of Jal Shakti initiated another externally funded scheme, DRIP Phase-II and Phase-III. The Union Cabinet has approved the Scheme on October 29, 2020.

    The scheme has provision for rehabilitation of 736 dams located in 19 States (Andhra Pradesh, Chhattisgarh, Goa, Gujarat, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Manipur, Meghalaya, Odisha, Punjab, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh, Uttarakhand, West Bengal, and three Central Agencies (Central Water Commission, Bhakra Beas Management Board, and Damodar Valley Corporation). It is a State Sector Scheme with Central component, with duration of 10 years, to be implemented in two Phases i.e. Phase- II and Phase-III, each of six years duration with an overlap of two years. The budget outlay is Rs 10,211 Cr (Phase II: Rs 5107 Cr; Phase III: Rs 5104 Cr) with rehabilitation provision of 736 dams. Out of this cost, Rs. 7,000 crore is an external loan and Rs. 3,211 crores would be borne by the respective participating States and the three Central agencies. The funding pattern of scheme is 80:20 (Special Category States), 70:30 (General Category States) and 50:50 (Central Agencies). The scheme also has provision of Central Grant of 90% of loan amount for special category States (Manipur, Meghalaya and Uttarakhand). The DRIP Phase-II and III Scheme is 10 years duration, proposed to be implemented in two Phases, each of six-year duration with two years overlapping. Each Phase has external assistance of US$ 500 M. The Phase-II of the scheme is being co-financed by World Bank and Asian Infrastructure Investment Bank (AIIB), with funding of US$ 250 million each. The loan agreement by World Bank was signed on August 04, 2021 with 10 States (Gujarat, Kerala, MP, Maharashtra, Manipur, Meghalaya, Rajasthan, Odisha, Tamil Nadu, and Chhattisgarh) and became effective from 12th October, 2021. In addition to 10 States, four States (Uttarakhand, Uttar Pradesh, West Bengal and Karnataka) have been notified by World Bank for inclusion under this scheme in June 2022 and their loan declared effective in January 2023.

    The loan agreement by AIIB was signed on 19th May, 2022 with 10 States (Gujarat, Kerala, MP, Maharashtra, Manipur, Meghalaya, Rajasthan, Odisha, Tamil Nadu, and Chhattisgarh) and declared effective on 29th December, 2022 by AIIB.

    Inclusion of four States (Andhra Pradesh, Goa, Punjab, Telangana) and two Central Agencies (BBMB and DVC) is under process.

    Important project achievements include approval of PSTs of 139 dams costing Rs 3715 Cr by the World Bank. The contract(s) amounting approximately Rs 2906 Cr have been awarded by various Implementing Agencies and an amount of Rs 1487 Cr spent as on 30.11.2024 on various project activities including dam rehabilitation, institutional strengthening and project management activities

    A training on DRIP Ph-II &Ph-III was given to 40 officers of Punjab WRD on 12th June 2024 at Shahpur Kandi. Few topics were covered like Overview of DRIP Ph-II &Ph-III scheme; dam structural problems & their identification; Procurement procedures; Hydro-Mechanical structural problems; PST preparation; Financial Management of DRIP scheme etc.

    A three days training on DFR organized during 8th to 10th July, 2024, in which 22 participants from seven (7) states and CWC participated.

     The Management Information System (MIS-with 05 modules) was officially rolled out to SPMU on 14th  August 2024. In this regard a virtual MIS demonstration was organized on 14th August 2024 in which concerned officials of CPMU, SPMU, and EMC participated.

    2nd meeting of National Level Steering Committee (NLSC) on DRIP Phase-II and III chaired by Secretary, DoWR, RD and GR were held on 25.09.2024 at New Delhi to discuss the progress and issues of DRIP Scheme.

    3rd  meeting of Technical Committee of DRIP Phase II and III was held on 18.10.2024 under the chairmanship of Member (D&R), CWC at Dehradun, Uttarakhand in which nodal officer and Project Director of DRIP IAs participated. Deliberations in respect of technical matters with regard to pertaining to implementation of the scheme were held during the meeting.

    1. National Task Force for Integrated Water Resources Development and Management

    National Task Force for Integrated Water Resources Development and Management (NTFIWRDM) has been set up by DoWR, RD & GR vide its OM dated 25.11.2024.

    Sustainable development of water resources and its efficient management is the key to water security and economic growth. As a country, aspiring to be the world leader with the most powerful economy, challenges like increasing population, economic growth, industrialization and urbanization are bound to result in increased and conflicting demands for various purposes across the country. Moreover, the vagaries of climate change have already started to affect the water sector adversely. In the wake of ever-growing challenges in the water resources sector, it has become necessary to prospectively assess the projected water use for various purposes. In view of above, Department of Water Resources, RD & GR has set up a National Task Force for Integrated Water Resources Development and Management (NTFIWRDM) on 25.11.2024 under the chairmanship of Hon’ble Member, Niti Aayog with members from various Govt. Departments and experts from different organisations; thereby comprehensively covering various domains of water resources. Chief Engineer, BPMO, CWC is the Member Secretary of the NTFIWRDM. The NTFIWRDM – 2024 is expected to complete its work within 24 months, with interim reports submitted at yearly intervals.

    (xxii) LIST OF IMPORTANT PUBLICATIONS OF CWC during 2024

    Sl. No.

    Publication

    Released during

    1

    Water Sector at a Glance-2022

    Aug-2024

    2

    Water & Related Statistics-2023

    Sept-2024

    3

    Water Sector at a Glance-2023

    Sept-2024

    4

    National Register of Major & Medium

    Irrigation Projects in India-2024

    Sept-2024

    5

    Compendium on Sedimentation of Reservoirs in India

    August 2024

    6

    Assessment of Area Affected Due to Floods in India

    July 2024

    7

    Report on Flood Damage Statistics (1953-2022)

    July 2024

    8

    Assessment of Area Affected Due to Floods

    in India [Part II: Assessment at Sub-District Level]

    September 2024

    9

    Criteria for Risk Indexing of Glacial Lakes in

    Indian Himalayan Region

    September 2024

    10

    Status Report on Coastal Area Management –

    An Indian Perspective, Regional Issues & Remedial Measures

    September 2024

     

    1. ​Central Ground Water Board (CGWB):

    National Aquifer Mapping and Management Programme (NAQUIM)

    Central Ground Water Board (CGWB) is implementing National Aquifer Mapping and Management program (NAQUIM), which envisages mapping of aquifers (water bearing formations), their characterization and development of Aquifer Management Plans to facilitate sustainable management of ground water resources. Out of 32 lakh sq km of the entire country, entire mappable area of 25 sq lakh km has been covered under this programme. NAQUIM outputs are shared with various stakeholders including the District Authorities. Building on the experiences of the NAQUIM, the NAQUIM 2.0 has been initiated from the year 2023-24 which emphasizes on detailed mapping and implementable management plans for identified priority areas. CGWB has completed 68 such studies (covering nearly 40,000 sq km) in year 2024.

    In order to create infrastructure for data generation under NAQUIM, a Project has been approved by the Public Investment Board (PIB) with an outlay of Rs 805 Cr for implementation by CGWB during the period 2022-2026.  As of now, tenders amounting approximately Rs. 550 Cr have been awarded. 

    One of the components of the project involves the construction of 7000 piezometers and the installation of Digital Water Level Recorders with telemetry devices for strengthening and automation of groundwater monitoring networks in the country.  Construction of piezometers for strengthening groundwater monitoring has been initiated in 15 states (Andhra Pradesh, Telangana, Tamil Nadu, Kerala, Gujarat, Maharashtra, Rajasthan, MadhyaPradesh, Chhattisgarh, UttarPradesh, Bihar, Jharkhand, WestBengal, Odisha and Jammu&Kashmir).  A total of 1796 piezometers have been constructed till 31st December 2024.

    Another component of the project involves construction of 1135 Exploratory Wells (EW) and Observation Wells (OW) for completing the data gap in the NAQUIM project area for which work has been initiated under all awarded packages in 11 states (Andhra Pradesh, Karnataka, Gujarat, Rajasthan, Madhya Pradesh, Chhattisgarh, Uttar Pradesh, Bihar, West Bengal, Odisha, Assam). A total of 319 EW/OWs have been constructed till 31st December 2024.

    Ground Water Resources

     

    The Ground Water Resource Assessment for the water year 2024 was carried out jointly by Central Ground Water Board (CGWB) and States/UTs, through the web-based automated application “INDIA-GROUNDWATER RESOURCE ESTIMATION SYSTEM (IN-GRES) for the entire country. The assessment provides the state wise ground water resource scenario and insights required to adopt an integrated and sustainable ground water management in the Country.

    As per the assessment, the total annual groundwater recharge in the country has been assessed as 446.90 billion Cubic Meter (BCM). The annual extractable ground water resource has been assessed as 406.19 BCM. The annual groundwater extraction for all uses is 245.64 BCM. The average stage of groundwater extraction for the country stands at 60.47 %. Out of the total 6746 assessment units (Blocks/ Mandals/ Talukas) in the country, 4951 (73.4 %) assessment units are categorized as ‘Safe’. 711 (10.5 %) assessment units are categorized “Semi-critical’’, 206 (3.05 %) assessment units, have been categorized as ‘Critical’ and 751 (11.1%) assessment units have been categorized as ‘Over-exploited’. Apart from these, there are 127 (1.8%) assessment units, which have been categorized as ‘Saline’ as major part of the ground water in phreatic aquifers in these units is brackish or saline.

    Key Highlights:

    • Total Annual GW Recharge has increased (15 BCM) substantially and Extraction has declined (3 BCM) in 2024 from 2017 assessment. There is slight reduction in recharge and increase in extraction in the present assessment year compared to the preceding year.
    • Recharge from Tanks, Ponds and WCS has shown a consistent increase in the last five assessments. In the year 2024, it has increased by 0.39 BCM w.r.t. 2023.
    • With respect to the year 2017, there is an increase of 11.36 BCM in recharge from Tanks, Ponds & WCS (from 13.98 BCM in 2017 to 25.34 BCM in 2024).
    • The percentage of Assessment Units under Safe Category have increased from 62.6% in 2017 to 73.4 % in 2024 (The percentage of Safe assessment units was 73.14 % in 2023).
    • The percentage of Over Exploited Assessment units have declined from 17.24 % in 2017 to 11.13 % in 2024 (The percentage of OE Assessment units was 11.23% in 2023)

    The Union Minister for Jal Shakti released “National Compilation of Dynamic Ground Water Resources of India 2024” on 31st December, 2024.

    High resolution aquifer mapping and management in Arid areas of India

    • The Central Ground Water Board (CGWB) has undertaken high resolution aquifer mapping in the arid regions of Rajasthan, Gujarat, and Haryana using advanced heliborne geophysical surveys. Under Phase I of the project, an area of 97,637 sq. km has been surveyed, covering 40,313-line km across 92 blocks in these states.
    • Based on the heliborne geophysical survey results, Gram Panchayat-level information of saturated/de-saturated, saline/fresh aquifers, groundwater potential zones, drilling sites, and managed aquifer recharge sites has been identified. Detailed reports have been prepared for 39 out of 92 blocks, comprising 20 blocks in Gujarat, 11 in Rajasthan, and 8 in Haryana.
    • A Coffee Table Book on the Summary of the findings of Heliborne Survey Phase I was released on 19.09.2024 in India Water Week-2024 at Bharat Mandapam, New Delhi by the Hon’ble Minister of State, Jal Shakti.

    Artificial Recharge Activities

    Groundwater augmentation through artificial recharge in identified water stressed areas of Rajasthan, comprising Jodhpur, Jaisalmer, Alwar, Jhunjhunu & Sikar districts of Rajasthan has been taken up in three phases

    • Phase-1: Two large dams have been constructed:
      • Zoned Earth Fill Dam with Clay Core, Indroka, Mandore, Jodhpur
      • Concrete Gravity Dam, Bastawa Mata, Balesar, Jodhpur.
    • Phase-2: 82 WHS (Stone Masonary Check Dams (MCD), Anicuts, Concrete Check Dams (CCD & Recharge shafts) have been constructed in certain water stressed blocks of Jodhpur, Jaisalmer and Sikar district.
    • Phase-3: 39 WHS (Check Dam, Anicut, Model Talab) have been constructed certain water stressed blocks in Jodhpur, Jaisalmer, Sikar, Jhunjhunu and Alwar districts of Rajasthan to know the concentrated effect of artificial recharge.

    Regulation of Ground Water extraction

    • The primary role of Central Ground Water Authority (CGWA) is to regulate groundwater resource exploitation in the country. The Authority has been regulating groundwater development and management by way of issuing ‘No Objection Certificates’ for groundwater extraction to industries, infrastructure projects, Mining Projects, registration of drilling rigs etc., and framed guidelines in this connection.

     

    • Development of a new portal for NoC issuance to ground water users i.e. BhuNeer APP, which is an advanced version of the application processing software of CGWA for issuing NOC to ground water users of Industries, Infrastructure & Mining projects and Bulk Water Supply. The motto of developing this portal is to provide users a smooth experience with new features and functionalities.

    Rajiv Gandhi National Ground Water Training & Research Institute (RGNGWTRI) 

    It is the training wing of CGWB and functions as a `Centre of Excellence’ with the national role of capacity building of Officers and Officials of CGWB, other Central Govt. Depts., State Govt. Depts., Public Sector Undertakings, Non-Governmental Organizations, Academic institutions and other stake holders through three arms -Tier I (National Level), Tier II (State Level) and Tier III (Block level) trainings.

    • During the last 10 years, from 2012-13 to 2024-25(As on 24.12.2024) a total of 1711 training courses (Tier-I, Tier-II & Tier-III) were organized (Male 83,330 + Female 30,369 = 1,13,699 Participants) by RGNGWTRI, Raipur.
    • The institute has also conducted Four trainings for foreign nationals, during the last 10 years

    Development of three Indigenous Softwares as part of Smart India Hackathon (SIH) 2022- a significant step towards Atmanirbhar Bharat

    • Smart India Hackathon (SIH), a nationwide initiative envisioned under the leadership of Hon’ble Prime Minister is an important mega annual event among students to provide solutions through innovations for specific challenges identified by different organizations. It is an annual event organized by the Ministry of Education’s Innovation Cell, All India Council for Technical Education, along with partners. Based on problem statements shared by CGWB and under the mentorship of CGWB scientists, following three software applications were developed by engineering students as a part of Smart India Hackathon (SIH)
    • Hydra-Q: A Standalone desktop application for analysis, visualization and interpretation of hydrochemical data.
    • Aqua Probe: A Standalone desktop application for Pumping Test data analysis.
    • OASIS-G: Online application System for Stable Isotope Studies-Ground Water

    The software applications can be accessed / downloaded from CGWB website (https://www.cgwb.gov.in/freewares-groundwater-data-analysis).

    These freeware applications will be useful for students, researchers and groundwater professionals. So far, the software that are used for such kind of analysis are developed mostly in countries other than India. This is a significant step towards Atmanirbhar Bharat and is likely to reduce India’s dependence on foreign software.

    Aquifer Management for Augmentation and Sustainability of Urban Water Supply- Faridabad

     

    CGWB has taken up a study on augmentation of water supply to Faridabad city through sustainable ground water development in active Yamuna flood plain in 2024. CGWB has signed MoU with Faridabad Metropolitan Development Authority (FMDA)

    Ground Water Quality Analysis

     

    The comprehensive assessment of Ground Water Quality conducted by the Central Ground Water Board (CGWB) provides valuable insights that can guide remedial actions and inform future planning by various stakeholders. Notably, this report on Ground Water Quality is the first to implement a Standard Operating Procedure (SOP) for groundwater quality monitoring, which ensures consistency in data collection, analysis, and interpretation. Additionally, the use of internationally recognized methods significantly bolsters the credibility and technical rigor of the findings. On December 31, 2024, Sh. CR Paatil, Hon’ble Union Minister of Jal Shakti, unveiled the Annual Groundwater Quality Report, 2024.

    Key Highlights:

    • In terms of cation chemistry, calcium dominates the ion content, followed by sodium and potassium. For anions, bicarbonate is the most prevalent, followed by chloride and sulphate. This indicates that overall water in the country is of Calcium-Bicarbonate type.
    • Some regions face sporadic contamination of nitrates, fluoride, and arsenic.
    • Seasonal trends observed in parameters like Electrical Conductivity (EC) and fluoride provide evidence of positive monsoon recharge effects, which improve water quality.
    • From an agricultural perspective, the analysis of Sodium Adsorption Ration (SAR) and Residual Sodium Carbonate (RSC) reinforces the generally favorable suitability of groundwater for irrigation, with over 81% of samples meeting safe thresholds. However, localized issues of high sodium content and RSC values demand targeted interventions to prevent long-term soil degradation.
    • 100% of ground water samples in North-Eastern States are in excellent category for irrigation.
    1.     Pradhan Mantri Krishi Sinchayee Yojana (PMKSY)

    Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) for 2021-26 with an outlay of ₹93,068 Crore to benefit about 22 lakh farmers

    • Against a target of 34.63 Lakh Ha irrigation potential of 25.80Lakh Ha (approx.74.5%) created through AIBP works of the prioritized projects during 2016-17 to 2023-24
    • Nine (09) new MMI projects and two (02) new National projects have been further included under PMKSYAIBP.

     

    Pradhan Mantri Krishi Sinchayee Yojana (PMKSY)- Accelerated Irrigation Benefit Programme (AIBP):

    The Government of India on 27.07.2016 approved funding of the 99 prioritized irrigation projects (and 7 phases) with an estimated balance cost of Rs. 77,595 Crore (Central share- Rs. 31,342 crores; State share- Rs. 46,253 crores) for completion in phases. The works include both the AIBP and CAD works. Funding arrangement for both Central Assistance (CA) and State Share made through NABARD under Long Term Irrigation Fund (LTIF). Targeted Irrigation Potential to be created under the scheme is 34.63 Lakh ha. An expenditure of Rs. 68891 crore (upto March 2024) has been reported to be incurred by the concerned State Governments on these projects since 2016-17. In January 2020, Ministry of Finance conveyed the continuation of ongoing centrally sponsored scheme up-to 31.03.2021.

     

    Physical Progress: Against the target of 34.63 Lakh Ha. Irrigation Potential of about 25.80 Lakh ha. has been created through AIBP works of the prioritized projects during 2016-17 to 2023-24. The potential created during 2024-25 shall be available only after the end of cropping season.

     

    Project Completed under PMKSY-AIBP: AIBP works of 62 prioritized projects out of identified 99 projects (and 7 phases) were reported to be completed till date.

    The Government of India has approved implementation of Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) for 2021-26 with an outlay of ₹93,068 Crore on date 15-Dec-2021 to benefit about 22 Lakh farmers. The Union Cabinet has approved central support of ₹37,454 Crore to States and ₹20,434.56 Crore of debt servicing for loan availed by Government of India for irrigation development during PMKSY 2016-21. Accelerated Irrigation Benefit Programme, ‘Har Khet Ko Paani’ and Watershed Development components have been approved for continuation during 2021-26. Total additional irrigation potential creation targeted during 2021-26 under AIBP is 13.88 Lakh hectare. Apart from focused completion of 60 ongoing projects including their 30.23 lakh hectare command area development, 9 additional projects have been taken up till date. Also, two national projects, namely Renukaji Dam Project (Himachal Pradesh) and Lakhwar Multipurpose Project (Uttarakhand) have also been included for central funding of 90% of works of water component under the scheme.

     Inclusion of new Major/Medium Irrigation (MMI) projects as well as funding of National Projects under AIBP.

     Financial progress requirement is dropped for inclusion of a project underAIBPand only physical progress of 50% to be considered.

     Advanced stage (50% physical progress) criteria are relaxed for projects having command area of 50% or more in Drought Prone Area Programme (DPAP), tribal, Desert Development Programme (DDP), Flood prone, Tribal area, Flood prone area, left wing extremism affected area, Koraput, Balangir and Kalahandi (KBK) region of Odisha, Vidarbha& Marathwada regions of Maharashtra and Bundelkhand region of Madhya Pradesh & Uttar Pradesh, as also for Extension Renovation Modernization (ERM) projects and also for States with net irrigation below national average.

     Reimbursement is allowed for due central assistance in subsequent year also.

       Project completion permitted with physical progress of 90% or more.

     Online Management Information System (MIS) has been developed for monitoring of the projects. A nodal officer for each of the 99 priority projects has been identified who updates the physical and financial progress of the project regularly in the MIS.

     GIS based Application has been developed for geo-tagging of project components. Remote Sensing Techniques have been used for digitization of the canal network of the projects. Further, the Cropped Area estimation in the command of 99 priority projects is being carried out annually through remote sensing.

     To resolve the issue of Land Acquisition (LA) and increase water conveyance efficiency, use of Underground Pipeline (UGPL) has been actively promoted. Guidelines for Planning and Design ofPiped Irrigation Network were released by this Ministry in July, 2017.

     Pari-passu implementation of Command area development works in the commands of these projects is envisaged to ensure that the Irrigation Potential Created could be utilized by the farmers. New Guidelines bringing focus on Participatory Irrigation Management (PIM) have been brought out. Further, transfer of control and management of irrigation system to the Water Users’ Association (WUA) has been made necessary condition for the acceptance of CADWM completion.

    The Financial Progress under PMKSY-AIBP is as follows:

     

    Funds Released

    2016-17 to 2023-24

    2024-25 (so far)

    Total

    Central Assistance for AIBP projects

    including special and National Projects

    18550.98

    629.22

    19180.20

    State Share

    33830.83

    180.60

    34011.4

    Total

    52,381.81

    809.82

    53191.6

     

    Special Package for Maharashtra: A Special Package approved on 18.07.2018 which provides Central Assistance to complete 83 Surface Minor Irrigation (SMI) projects and 8 Major / Medium Irrigation Projects in drought prone districts in Vidarbha and Marathwada and rest of Maharashtra in phases up to 2023-24 (extended till March-25). The overall balance cost of the said projects as on 1.4.2018 is estimated to be Rs.13651.61 Crore. Total CA is estimated to be Rs. 3831.41 Crore including reimbursement for expenditureduring 2017-18Balancepotentialof 3. 77 Lakh Ha would be created on completion of these schemes. CA of Rs. 2901.63 crores have been released under the scheme so far. Under the scheme, 53 SMI and 2 MMI projects have been reported to be completed by the State Government of Maharashtra. Overall irrigation potential of 1.66 Lakh ha. has been reported to be created through all these projects during 2018-19 to 2023-24. Further potential created during 2024-25 shall be available only after the end of cropping season.

    Modernization of Command Area Development & Water Management (M-CADWM):

    The Ministry of Jal Shakti is reviewing the CADWM programme to make it more relevant in the current context of water use efficiency and agricultural productivity. The proposed change is a proposed smart irrigation scheme which envisages transforming the existing command (whether rain fed or gravity based) to a Pressurized Piped Irrigation Command (PPIC) by providing pressurized irrigation water from Established source to Farm Gate below Minor (Tertiary) Level Network. This will make the entire command area micro-irrigation ready with robust back-end infrastructure using Surface Water. The farmers shall be empowered by creating a Water User Society, which will also be an “economic entity”.

    The Scheme will develop suitable models for different Agro-Climatic zones, integrating various sources of water, and different levels of water availability, covering both areas of assured irrigation and protected irrigation. These models will pave the way for development of a National Plan for Modernization of water management in rural area in general and irrigation services in particular based on integrated, sustainable, efficient and inclusive water management.

    Polavaram Irrigation Project: Polavaram Irrigation Project was declared as National Project under Section 90 of AP Reorganization Act, 2014, which came into force on 1st  March 2014. The project with 2467.50 m of earth-cum-rock fill dam and 1121.20 m long spillway aims at irrigating 2.91 Lakh ha in erstwhile East Godavari, Visakhapatnam, West Godavari and Krishna districts besides several other benefits envisaged by it. Central Government is funding 100% of the remaining cost of the irrigation component of the project, as on 01.04.2014. Government of Andhra Pradesh is executing the irrigation component of the project on behalf of Government of India. The approved cost of the Project as per Revised Cost Committee (RCC) is Rs 29,027.95 cr at 2013-14 PL and Rs 47,725.74 cr at 2017-18 PL up to FRL i.e. EL +45.72 m. After declaration as National Project, a sum of Rs. 15,605.96 cr has been released for execution of Polavaram Irrigation Project so far.

    The Union Cabinet has approved the revised cost of the PIP in its meeting held on 28.08.2024, with water storage upto EL + 41.15 m at a cost of Rs. 30,436.95 cr with balance central grant for the project limited to Rs. 12,157.53 cr. Further, an amount of Rs. 2,348 cr has been released on 09.10.2024 as advance payment to GoAP on account of execution of Polavaram Irrigation Project in addition to the reimbursement of Rs 15,605.96 cr made to GoAP.

    As reported by Water Resource Department, Government of Andhra Pradesh, an expenditure of Rs 18,348.84 cr has been incurred on the project works up to 30.11.2024, after declaration of Polavaram irrigation project (PIP) as National Project.

    1.  Atal Bhujal Yojana (Atal Jal)

    Atal BhujalYojana (Atal Jal) is a Central Sector Scheme of Government of India with an outlay of Rs 6000 Crore, with focus on community participation and demand side interventions for sustainable ground water management in identified water stressed areas in 8203 water stressed Gram Panchayats of 229 administrative blocks/Talukas in 80 districts of seven States in the country viz. Gujarat, Haryana, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan and Uttar Pradesh. The scheme, partly funded by the World Bank, is being implemented from 1.04.2020 for a period of 6 years.

    This unique scheme aims at increasing the capacity of States to manage their ground water resources and for ensuring their long-term sustainability with active participation of the local communities through a mix of top-down and bottom-up approaches. It also envisages convergence of various ongoing schemes for implementation of interventions for improving ground water availability with emphasis on demand management and also to inculcate behavioral changes in the community to ensure optimal use of available water resources.

    The launch of Atal Bhujal Yojana heralds a change in the Government policy for ground water management by emphasizing the importance of community participation in planning, execution, and monitoring of scheme activities; convergence of ongoing schemes for implementing interventions aimed at improving ground water availability; focus on demand side management through improving water use efficiency and incentivizing participating States for awareness creation among the masses on the importance of ground water.

    Atal Bhujal Yojana also envisages improving the capacity of States for ground water governance through strengthening of institutions dealing with ground water management, improving ground water monitoring networks, creation of awareness among the public on the importance and criticality of ground water resources and building the capacity of the grass root level stakeholders to plan and utilize the available resources in a judicious manner. It also addresses the gender perspective by making it mandatory to include women in all activities of the scheme.

    Atal Bhujal Yojana is expected to improve ground water conditions in the target areas and to contribute significantly to ensure ground water sustainability for interventions planned under the Jal Jeevan Mission (JJM). It is also expected to contribute to the Hon’ble Prime Minister’s goal of doubling farmers’ income and to result in optimal use of ground water by the stakeholders in the long-run.

    Further, to bridge the gap in the data availability at the GP level for better water management across India, Department of Water Resources, River Development & Ganga Rejuvenation in collaboration with Ministry of Panchayati Raj has taken the initiative to expand water budgeting exercise to non-Atal Jal areas as well by their inclusion in the Gram Panchayat Development Plans (GPDPs).

    Key achievements under Atal Bhujal Yojana are as follows:

    • Public disclosure of data in all the Atal Jal GPs through various modes of disclosure viz., central/state web portals, display board at each GP, social media, wall paintings, distribution of pamphlets/brochure, public meetings and Atal Jal Mobile application.
    • States have used innovative measures like Groundwater Data Information Dissemination Centers, QR codes, social media, etc., to disseminate the groundwater related data to public.
    • Community led Water Budget and WSPs prepared for all the 8203 GPs and updated on yearly basis.
    • Groundwater monitoring system has been strengthened at GP level by providing equipment like Digital Water Level Recorders, water level indicators, rain gauges, water quality testing kits, water flow meters etc. In addition, piezometers have been constructed in GPs for monitoring of water levels.
    • A total of 49 State level, 410 District level, 1152 Block level and 99,406 GP level trainings have been conducted so far.
    • Awareness and sensitization at GP level through innovative Information Education and Communication practices like narrowcasting in Haryana, folk dances/songs in Karnataka, Jal dindis in Maharashtra, Ratri Choupals in Rajasthan have been used to drive the message of sustainable groundwater management.
    • Investment of Rs. 4355 Crore towards implementation of interventions proposed under WSPs through convergence.
    • An area of around 6.7 lakh Hectares has been brought under efficient water use practices including Drip, Sprinkler, Mulching, Crop Diversification etc.
    • More than 70,000 wells are being monitored for water level at GP level and shared with community.
    • More than 90,000 existing Water Conservation and Artificial Recharge structures have been mapped.
    • 813 GPs in 47 Blocks have shown improvement in ground water level.
    • A total of Rs.3420.57 Cr. has been disbursed to the States since the inception of the scheme. A total of Rs.2863.98 Cr. has been utilized by the States since the inception of the scheme.
    • Sixth meeting of National Level Steering Committee (NLSC) for implementation of Atal Bhujal Yojana was held on 07 June 2024.

     

    1. Minor Irrigation Statistics: Progress under the scheme “Irrigation Census”:

     

    Minor Irrigation Census conducted quinquennially in order to create a sound and reliable database on groundwater and surface water minor irrigation schemes in the country. The Minor Irrigation Census is conducted under the centrally sponsored scheme “Irrigation Census” with 100% central funding through which State Statistical Cells constituted under different States/UTs are also supported.

     

    The sixth Minor Irrigation Census and the first Census of Water bodies covering all water bodies in the country, both rural and urban have been completed. All India and State-wise report on 6th Minor Irrigation Census and First Census of Water Bodies has been published and are available at the Department website ‘https://jalshakti-dowr.gov.in’. Key results have been disseminated on Bhuvan portal and the state wise unit level data has also been disseminated on Open Government Data (OGD) platform.

    During 2024, the following progress under the scheme “Irrigation Census” has been achieved:

    • 7th Minor Irrigation Census and 2nd Census of Water Bodies are underway, along with two new censuses: the 1st Census of Springs and the 1st Census of Major and Medium Irrigation Projects, with reference year 2023-24.
    • An all-India Workshop on these Censuses was held in 2023, with participation from all States and Union Territories. NIC has developed a mobile/web application for these censuses, with pilot testing successfully conducted in Uttarakhand, Himachal Pradesh, Odisha, and Meghalaya in month of October, 2024.
    • Six regional workshops for training of trainers for upcoming censuses are being conducted at regional centers in Tripura, Karnataka, Uttar Pradesh, Haryana, Rajasthan, and West Bengal from December, 2024 to January, 2025 to provide training to trainers at State level for further capacity building.
    • Grands-in-aid to States/UTs were released timely on receipt of proposals from eligible States/UTs.

     

    1. ​Flood Management Wing (FM):

     

    Flood Management and Border Areas Programme (FMBAP):

     

    The “Flood Management Programme (FMP)” and “River Management Activities and Works related to Border Areas” (RMBA) under operation during XII Five Year Plan were merged as “Flood Management and Border Areas Programme” (FMBAP) for the period 2017-18 to 2019-20 and further extended up-to March, 2021. Cabinet further approved the continuation of FMBAP scheme during 2021-22 to 2025-26 with an outlay of Rs. 4100 Crore (FMP-Rs. 2940 Crore and RMBA – Rs. 1160 Crore).

    Since the inception of FMBAP (till December 2024), Central Assistance of Rs. 7136 crores have been released to States/UTs under FMP component of Flood Management & Border Area Programme (FMBAP) scheme and Central Assistance of Rs. 1258.73 crores have been released to UTs/States under RMBA component of FMBAP scheme.

     

    Completion of balance works of North Koel Reservoir Project: DoWR, RD & GR has taken up the long pending project for completion of balance works of North Koel Reservoir Project, Bihar and Jharkhand. In August, 2017 the Union Cabinet has approved the proposal for balance works of North Koel Reservoir Project at an estimated cost of Rs. 1622.27 crore during three financial years from the start of the project. Subsequently, at the request of both State Governments, certain other components were found necessary to be included in the project. Complete lining of Right Main Canal (RMC) and Left Main Canal (LMC) was also regarded essential from technical considerations to derive envisaged irrigation potential. Thus, the works of Gaya distribution system, lining of RMC and LMC, remodeling of enroute structures, construction of a few new structures and onetime Special Package for R&R of Project Affected Families (PAFs) were to be provided for in the updated cost estimate. Accordingly, Revised Cost Estimate of the project was prepared. Out of the cost of balance works of Rs. 2430.76 crore, the Central would provide Rs.1836.41 crore. The Cabinet Committee on Economic Affairs has given its approval to the proposal to complete the balance works of North Koel Reservoir Project at a revised Cost of Rs. 2,430.76 crore on 04.10.2023. Project will provide irrigation benefit to 114,021 hectares of land annually in drought prone areas of Aurangabad and Gaya districts of Bihar and Palamau and Garwa districts of Jharkhand. Project also has the provision for supply of 44 MCM water for drinking and industrial water supply. The execution of balance works of the project on turnkey basis by M/s WAPCOS Ltd., a CPSU under DoWR, RD & GR as Project Management Consultant (PMC). 10% works on dam & appurtenant, 100% of additional works of Mohammad Ganjbarrage, 86% works on left main canal and works on Right Main Canal in Jharkhand Portion & 18% works on Bihar portion have been completed.

     

    India and Bangladesh Matters

     

    A Treaty was signed by the Prime Ministers of India and Bangladesh on 12th December, 1996 for the sharing of Ganga/Ganges waters at Farakka during the lean season. As per the Treaty, the Ganga/Ganges waters is being shared at Farakka (which is the last control structure on river Ganga in India) during lean period, from 1st  January to 31st  May every year, on 10-daily basis as per the formula provided in the Treaty. The validity of Treaty is 30 years. The sharing of water as per the Treaty is being monitored by a Joint Committee headed by Members, JRC from both sides. The following India-Bangladesh Joint Committee Meetings have been convened.

     

    • The 83rd  meeting of the Joint Committee on sharing of the Ganga/Ganges waters at Farakka was held at Dhaka on 24th  January, 2024 after a visit to the joint observation site at Hardinge Bridge, on 24th January, 2024.
    • The 84th  meeting of the Joint Committee on sharing of the Ganga/Ganges Waters at Farakka was held at Kolkata on 7th  March, 2024 after visit to the joint observation sites at Farakka on 5th  March, 2024.
    • The 85th  meeting of the Joint Committee on sharing of the Ganga/ Ganges waters at Farakka was held at Dhaka (Bangladesh) on 14th  November, 2024 for the finalization of Annual Report of the lean/dry season of the year 2024.

    During the 83rd  and 84th  Joint Committee meetings, the Indian delegation was led by Mr. Atul Jain, Commissioner (FM), Department of Water Resources, River Development and Ganga Rejuvenation Ministry of Jal Shakti. During the 85th Joint Committee meeting, the Indian delegation was led by Mr. Sharad Chandra, Commissioner (FM), Department of Water Resources, River Development and Ganga Rejuvenation, Ministry of Jal Shakti, Government of the Republic of India and Member, India-Bangladesh Joint Rivers Commission. The Bangladesh delegation was led by Dr. Mohammad Abul Hossen, Member, India-Bangladesh Joint Rivers Commission, Ministry of Water Resources, Government of the People’s Republic of Bangladesh.

    1. National River Conservation Directorate (NRCD)

    Cleaning of river is a continuous process and Government of India is supplementing the efforts of the State Governments in addressing the challenges of pollution of rivers by providing financial and technical assistance. Assistance is provided to State Governments for abatement of pollution in identified stretches of various rivers (excluding river Ganga and its tributaries) under the Centrally Sponsored Scheme of National River Conservation Plan (NRCP) on cost sharing basis between the Central & State Governments for taking up various pollution abatement works relating to interception & diversion of raw sewage, construction of sewerage systems, setting up of sewage treatment plants, low cost sanitation, river front/bathing ghat development, etc.

    • Project for ‘Pollution Abetment River Banganga at Katra’ in Jammu & Kashmir at a cost of Rs.92.10 crore was sanctioned.
    • Project for ‘Pollution Abetment and Conservation of river Mindhola at Surat’ in Gujarat at a cost of Rs.98.51 crore was sanctioned.
    • Project for ‘Interception & Diversion of Sewerage Water from Existing Drains to Nearest STP for Treatment Purposes in Jodhpur City for Pollution Abatement of River Jojari at Jodhpur’ in Rajasthan at a cost of Rs.13.10 crore was sanctioned.
    • Project for ‘Sewer rehabilitation of old and deteriorated pipes by Trenchless CIPP Technology for main trunk sewer lines heading towards Nandari and Salawas STPs for pollution abatement of Jojari River at Jodhpur’ in Rajasthan at a cost of Rs.51.99 crore was sanctioned.
    • Project for ‘Design of Complete Sewerage System and Proposal of Development of New STP for Jhalamand Area, Jodhpur for pollution abatement of river Jojari at Jodhpur’ in Rajasthan at a cost of Rs.53.63 crore was sanctioned.
    • Project for ‘Establishing and Commissioning of 30 MLD Sewage Treatment Plant (STP) at Nandari for pollution abatement of river Jojari at Jodhpur’ in Rajasthan at a cost of Rs.53.86 crore was sanctioned.
    • Project for ‘Rejuvenation of Imphal-Manipur River and Faecal Sludge and Septage Management at 27 ULBs’ in Manipur at a cost of Rs.92.39 crore was sanctioned.
    • Project for ‘Elamkulam sewerage project for rejuvenating Chitrapuzha River through restoration of natural streams/outfalls carrying sewage/pollutants-Construction of STP 17.5 MLD’ in Kerala at a cost of Rs.47.53 crore was sanctioned.
    • Project for ‘Perandoor Sewerage Project for Rejuvenating Periyar River through Restoration of Natural Streams/Outfalls Carrying Sewage/Pollutants—Construction of 19 MLD STP (Part 1)’ in Kerala at a cost of Rs.49.78 crore was sanctioned.
    • Project Management Consultant has been appointed for implementation the project of ‘Pollution abatement and conservation of River Nag at Nagpur, Maharashtra’ sanctioned at a cost of Rs.1,926.99 crore with Japan International Cooperation Assistance.
    • Project for pollution abatement of river Devika and Tawi at Udhampur, Jammu & Kashmir sanctioned for Rs.186.74 crore has been completed 3 sewage treatment plants (STPs) with total capacity of 13.06 mld constructed under NRCP.
    • Project for pollution abatement of river Tapi at Surat, Gujarat sanctioned for Rs. 971.25 crore has been completed 11 sewage treatment plants (STPs) with total capacity of 208.97 mld constructed under NRCP.
    • Central Assistance amounting to Rs. 425 crores released to various State Governments/Agencies for implementation of projects under NRCP.
    • Stakeholder Consultation Workshop on Guidelines for National River Conservation Plan and DPR Preparation held on 06th May, 2024 in the presence of Secretary, DoWR, RD & GR. The recommendation and suggestions of the stakeholders are under review and accordingly will be proposed in the revised guidelines of NRCP and DPR guidelines.
    • First meeting of the Stakeholder Advisory Committee (SAC) was held on 31.05.2024 under the Chairpersonship of Secretary, DoWR, RD & GR at Nagpur under the project Condition Assessment and Management Plan of Six River Basins (Cauvery, Periyar, Narmada, Mahanadi, Godavari and Krishna).
    • The project “Assessment of ecological status of 7 rivers viz. Narmada, Mahanadi, Godavari, Cauvery, Periyar, Pamba and Barak for conservation planning” has been entrusted to Wild Life Institute of India (WII) at a sanctioned cost of Rs. 24.56 crore in September, 2020. The project broadly aims to spearhead river conservation in above seven Indian rivers for biodiversity conservation and maintenance of ecosystem services. Intensive ecological studies will be carried out in the seven prioritized river basins of India and ecological status will be assessed. Stake Holders workshops of NRCD- WII held at Bengaluru, Karnataka Cauvery River basin.

     

    1. External Affairs & International Cooperation (EA&IC)

    DoWR, RD & GR has signed a Memorandum of Understanding (MoU) with different countries on cooperation in the field of water resources management and development. For effective implementation of activities under the various signed MoUs, to enhance the collaboration under the MoU, certain activities were undertaken including Joint Working Group (JWG) meeting, the details of which is as follows –

     

    1. MoU with Denmark – The MoU between India and Denmark on Cooperation in the field of Water Resources Management was signed on 12.09.2022. Two projects namely “Centre of excellence on Smart Water Resources Management (CoESWaRM)” and “Smart Laboratories on Clean River (SLCR)” have been identified under the MoU. Indian side Joint Working Group was formed on 05.08.2024. First Joint Working Group (JWG) meeting under the MoU was held on 05th December 2024. In the meeting, it has been agreed to have organizational division at PMU level into two sub-thematic areas under the existing Centre of Excellence (CoE).

     

    1. MoU with European Union – The MoU between India and the European Union on Water Cooperation was signed on 01.10.2016. Three JWG meetings have been convened so far.  Third Meeting of JWG was convened on 12.07.2023 virtually. The 6th EU-India Water Forum meeting was held on 18.09.2024 during the 8th India Water Week in New Delhi. The forum inter-alia explored trilateral collaboration between East Africa, India and the EU to address water challenges in regions like Lake Victoria and Lake Tanganyika. 

     

    1. MoU with Israel: The MoU between India and Israel on Water Resources Management and Development Cooperation was signed on 11.11.2016. A Joint Review Committee (JRC) (Now Steering Committee) has been formed on 20.02.2024 to assess the activities and progress of the projects identified for implementation under the MoU. 1st meeting of the JRC was convened on 9th Oct 2024 recommending the proposal for the “Establishment of India-Israel Centre of Water Technology (CoWT)”.

     

    1. MoC with Japan (Water Resources): The Memorandum of Cooperation (MoC) between India and Japan in the area of Water Resources was signed on 11.12.2019. Two meetings of Joint Working Group (JWG) have been convened so far. 2nd JWG meeting was held on 14.11.2024. In the meeting both sides agreed for extension of the MoU and to identifying additional areas for collaboration.

     

    1. MoU with Morocco- The MoU between India and Morocco on cooperation in the field of Water Resources was signed on 14.12.2017. Four JWG meetings have been convened so far. Fourth JWG meeting was convened on 20.09.2024. It was agreed upon that both the countries will share their experiences, analysis, findings, policies and developments in the field of water resources in its next meeting of JWG.

     

    Bilateral Meetings of Hon’ble Minister of Jal Shakti with the Ministers of Foreign Nations during India Water Week 2024 in New Delhi: –

     

    • Denmark: Mr. C.R. Paatil, Hon’ble Minister of Jal Shakti met with H.E. Mr. Morten Bødskov, Denmark’s Minister of Industry, Business and Financial Affairs. Denmark’s Minister reaffirmed Denmark’s commitment to sustainable water solutions and highlighted the expertise of Danish companies in water management. The Hon’ble Minister of Jal Shakti proposed collaborative initiatives to develop scalable technologies for water challenges, suggesting pilot projects at the district level.
    • Guyana: A significant meeting took place between Mr. C. R. Paatil, Hon’ble Minister of Jal Shakti and Mr. Collin D. Croal, Hon’ble Minister of Housing & Water, Guyana. It was agreed upon that both the countries will share their experiences, policies and developments in the field of water resources
    • Tanzania: Mr. C. R. Paatil, Hon’ble Minister of Jal Shakti, India met with Mr. Mathew Andrea Kundo, Deputy Minister of Water, Tanzania. The Tanzanian Minister proposed discussions on a new project to transport water from Lake Victoria, estimated at $600 million, to address water challenges in Tanzania. Hon’ble Minister of Jal Shakti assured that this proposal would be deliberated upon in the Ministry positively.
    • Zimbabwe: A productive meeting took place between Mr. C. R. Paatil, Hon’ble Minister of Jal Shakti and Mr. Vangelis Peter Haritatos, Hon’ble Deputy Minister of Lands, Agriculture, Fisheries, Water and Rural Development, Zimbabwe. Zimbabwe’s Minister sought innovative financing options beyond traditional avenues such as EXIM etc. Hon’ble Minister for Jal Shakti assured that these matters would be deliberated upon positively, emphasizing that improvements in Zimbabwe’s irrigation sector would significantly enhance food security across Africa.
    1. Barhmaputra & Barak (B&B) Wing

     

    Expert Level Mechanism (ELM)

    During the visit of the Hon’ble President of the People’s Republic of China to India on November 20-23, 2006, it was agreed to set up an Expert-Level Mechanism to discuss interaction and cooperation on provision of flood season hydrological data, emergency management and other issues regarding trans-border Rivers as agreed between them. Accordingly, the two sides have set up the Joint Expert Level Mechanism through a Joint Declaration by both the countries.

    The ELM meetings are held alternately in India and China every year. Fifteen meetings of ELM have been held so far. The 15th meeting of ELM was held at Beijing, China during 13th-14th August 2024. The GoI delegation was led by Shri S.K. Sinha, Commissioner (B&B), DoWR, RD & GR, Ministry of Jal Shakti and the Chinese delegation was led by Mr. Hao Zhao, Director General of the International Economic & Technical Cooperation and Exchange Centre, Ministry of Water Resources, People’s Republic of China.  Representatives of Ministry of External Affairs (MEA), Central Electricity Authority (CEA) and Central Water Commission (CWC) had also participated in the meeting.

    (ii)        INDIA-BHUTAN COOPERATION

    1. Joint Group of Expert (JGE) on Flood Management:

    A Joint Group of Expert (JGE) on Flood Management has been constituted between India and Bhutan to discuss and assess the probable causes and effects of the recurring floods and erosion in the southern foothills of Bhutan and adjoining plains in India and recommend to both Governments appropriate and mutually acceptable remedial measures. Ten meetings of JGE have been held so far. The 10th meeting was held during 28th-29th February, 2024 at New Delhi, India. The GoI delegation was led by Shri S. K. Sinha, Commissioner (B&B), Department of Water Resources, River Development & Ganga Rejuvenation (DoWR, RD& GR), Ministry of Jal Shakti, GoI and the RGoB delegation was led by Mr. Karma Dupchu, Director, National Centre for Hydrology and Meteorology (NCHM), RGoB.

    1. Joint Technical Team (JTT) on Flood Management:

    In accordance with the decision taken during the first meeting of JGE, a Joint Technical Team (JTT) on Flood Management between the two countries was constituted. The purpose of JTT is to assess the field situation and provide technical support to JGE on flood management. Eight meetings of JTT have been held so far. The 8th meeting of JTT was held during 18th–20th November, 2024 at Chalsa, Jalpaigudi, West Bengal. The Indian delegation was led by Shri G.L. Bansal, Chief Engineer, Brahmaputra Basin Organisation (BBO), Central Water Commission, GoI and the Bhutanese delegation was led by Dr. SingayDorji, Chief of Meteorological Services Division (MSD), National Centre for Hydrology and Meteorology, RGoB.

    1. Joint Experts Team (JET) on Flood Forecasting:

    A Joint Experts Team (JET) consisting of senior officials from the Government of India and Royal Government of Bhutan(RGoB) continuously reviews the progress and other requirements of a network of 36 hydro-meteorological sites located in the catchments of trans-border rivers Puthimari, Pagladiya, Sankosh, Manas, Raidak, Torsa, Aie and Jaldhaka. So far, JET has met 38 times alternately in India and Bhutan since its reconstitution in 1992 and the last JET meeting i.e. 38th meeting was held at Mandarmani, West Bengal, India during 10th-11th December, 2024.

    The Indian delegation was led by Shri Subhrangshu Biswas, Chief Engineer, Teesta&Bagarathi-Damodar Basin Organisation (T&BDBO), Central Water Commission, GoI and the Bhutanese delegation was led by Mr. Karma Dupchu, Director, National Centre for Hydrology and Meteorology (NCHM), RGoB.

    13.     NERIWALM

    The North Eastern Regional Institute of Water and Land Management (NERIWALM), under the Ministry of Jal Shakti, continued its vital contributions to water and land management across North East India in 2024. As the only institute of its kind in the region, it upheld its mandate of capacity building and skill enhancementfor efficient management of water and land resources for irrigation and agriculture.

    During the year (January to December, 2024), the institute organized 76 training programmes, reaching 3,173 beneficiaries. Among these were induction-level courses for newly recruited engineers from the Irrigation and Agriculture Departments of Assam, as well as the Brahmaputra Board. A faculty development program on advancements in agriculture and water management was also conducted. NERIWALM collaborated with leading national institutions and agencies to host a two-day National Seminar on Advances in Irrigation Technologies and Management, fostering knowledge exchange and innovation.

    In research and development, the institute undertook a diverse range of projects sponsored by state and central government departments. Key initiatives included the preparation of State-Specific Action Plans for 19 states, evaluations of PMKSY-AIBP and PMKSY-HKKP irrigation projects in Assam and Meghalaya, research project on farmer participation in irrigation management in Manipur, studies on good water management practices and study on the impact of climate change on dam-related hydro-geomorphic and social aspects in Arunachal Pradesh.

    NERIWALM’s academic program also progressed with the enrollment of 15 students in the M.Tech course on Water Resource Management for the 2024-25 session. The institute further strengthened its credentials by developing e-learning modules on water resource management for the i-GOT platform. NERIWALM was accredited as “EXCELLENT” under the Capacity Building Commission’s National Standards, while its Soil and Water Laboratory achieved NABL accreditation.

    14.       NATIONAL HYDROLOGY PROJECT
     

    National Hydrology Project (NHP), with support from the World Bank, envisages establishing a system for timely and reliable water resources data acquisition, storage, collation and management. It has pan-India coverage with 48 Implementing Agencies (IAs) {12 from Central Government (including 3 from River Basin Organisations) and 36 from States/ UTs}. It will also provide tools and systems for informed decision making for water resources assessment, planning and management. The National Hydrology Project has been approved with an outlay of Rs. 3,679.77 Crore as a Central Sector Scheme with 100% grant to State Governments and Central Implementing Agencies. The project originally had a duration of 8 years from 2016-17 to 2023-24. However, Department of Expenditure, Ministry of Finance has accorded approval for extension of project till Sept-2025 within the same allocation.

    Broad objectives of NHP include: a) To improve the extent, quality, and accessibility of water resources information; b) To create decision support system for floods and basin level resource assessment/planning; and c) To strengthen the capacity of targeted water resources professionals and institutions in India.

    Under the ongoing NHP, almost 22960 Real Time Data Acquisition System (RTDAS) surface water and ground water stations have already been installed in the country. Besides, 46 Supervisory Control and Data Acquisition (SCADA) packages have been commissioned; almost 5667 piezometers constructed; 134 stationary as well as mobile water quality labs have been developed/procured/maintained and put into operation;
    high-resolution DEMs, CORS network as well as Geoid model have also been developed. Furthermore, Bathymetric surveys of 464 important reservoirs of the country covering 162 BCM have also been taken up under NHP of which 373 studies have already been completed. Further 36 State Data Centres / Regional data centres / knowledge centres, etc. have been completed under the ongoing NHP. The need for development & maintenance of appropriate institutional framework both at the Central as well as State level for water resources information system intended for collection, collation and dissemination of the database was given shape in the ongoing NHP. As envisaged in the Cabinet note, the National Water Resources Informatics Centre (NWIC) has been created in 2018 and is now functional. Additionally, the formation of the State Water Informatics Centres for development of respective State Water Resources Information Systems was expedited in the ongoing NHP. Till date almost 19 SWICs have already been formed with a few more under process. The information system covering hydro-meteorological, hydro-geological, sedimentation, morphological and water quality data is also important in the context of various studies being done under NHP which
    include IT Applications, Digital Products, geospatial hydro products, etc.

     

    15.     Surface Minor Irrigation (SMI) scheme

     

    Under the Surface Minor Irrigation (SMI) scheme, since 12th plan onwards, 7282 schemes are ongoing with an estimated cost of ₹ 16113.560 crores. Central Assistance (CA) of Rs. 9009.169 crores have been released to states up-to March, 2024. Further, 4965 schemes have been reported to be completed up-to March, 2024. Target irrigation potential creation of these schemes is 11.58 L Ha and out of this, 8.59 L Ha is reported to be created till March, 2024.

     

    16.     Repair, Renovation and Restoration (RRR) of Water Bodies scheme

     

    Under the Repair, Renovation and Restoration (RRR) of Water Bodies scheme, since 12th plan onwards, 3075schemes are ongoing with an estimated cost of Rs. 2834.692 crore. Central Assistance (CA) of Rs. 554.279Crore has been released to states up to March, 2024. Further, 2192 water bodies have been reported to be completed up to March, 2024. Target irrigation potential restoration of these schemes is 2.41 L Ha and out of this, 2.00 L Ha is reported to be restored till March, 2024

     

    18.       Mass Communication Internship programme

     

    DoWR, RD & GR undertook internship programme in mass communication on during 2024.  Students pursuing Degrees or are Research Scholars enrolled in recognized University/Institution in the field of Mass Communication in India are given opportunity to apply as “interns”. The Internship Programme provided short term exposure to “selected candidates” to be associated with the Department’s work related to media/social media activities. The objectives of the programme are to well acquaint the “Interns” with the working of the Department in field of media/social media related activities etc. and simultaneously the “interns” to supplement the process of mass publicity of this Department to create awareness about importance of development and management of water resources in holistic manner.

     

    03 interns were selected for an initial period of 6 months under the program.

    *****

    Dhanya Sanal K

    Director

    (Release ID: 2096022) Visitor Counter : 29

    MIL OSI Asia Pacific News

  • MIL-OSI United Kingdom: Commonwealth Scholarships celebrate 65 years of inspiring futures

    Source: United Kingdom – Executive Government & Departments

    Themed ‘Celebrating 65 Years of Commonwealth Scholarships – Inspiring Futures, Empowering Communities’, the milestone event recognised the significant impact that Commonwealth Scholarships have had on individuals and communities.

    A group photo with Deputy High Commissioner Emma Davis and Director of SITESA Dr John Iromea.

    The Solomon Islands Commonwealth Scholars and Alumni Association (SICSAA) celebrated 65 years of Commonwealth Scholarships in Solomon Islands over the weekend.

    Themed ‘Celebrating 65 Years of Commonwealth Scholarships – Inspiring Futures, Empowering Communities’, this milestone event recognized the significant impact that Commonwealth Scholarships have had in individuals and communities, fostering education, leadership and development.

    Last Friday’s celebration featured insightful presentations, discussions and networking opportunities with past and current scholars and stakeholders who have contributed to this esteemed program.

    Reflections were also held on the programme’s achievements and to explore future opportunities for furthering educational growth in Solomon Islands.

    Speaking at the official programme British Deputy High Commissioner to Solomon Islands, Emma Davis said:

    As we have seen from the recent Commonwealth Heads of Government Meeting in Samoa, there was a reiteration of abiding belief in the value of the Commonwealth as a trusted forum where diverse voices of our member states, the large and the small, the young and the old, come together as one family.

    At last month’s Commonwealth Heads of Government Meeting (CHOGM) heads of governments underscored the pivotal role of education in shaping cultural, societal and family values, beliefs and norms in promoting human rights, peace, economic, political and social development and environmental sustainability, and in fostering responsible global citizenship.

    They also encouraged initiatives that provide social and emotional learning, scholarships, opportunities for lifelong learning, quality education and training that bridge digital divides, including the gender digital divide.

    The announcement of The King’s Commonwealth Fellowship Programme, was inspired by His Majesty King Charles III, and his life’s work to create opportunity and to tackle contemporary challenges including climate change and inequality is an example.

    In his keynote address on the significance and impact of the Commonwealth Scholarships, Director of the National Scholarship Division (NSD), Solomon Islands Tertiary Education and Skills Authority (SITESA), Ministry of Education and Human Resources Development, Dr John Iromea said:

    Scholarships are what is beautiful, and what is not attractive is not a scholarship. The beauty in appreciating your parents, the beauty in appreciating your teachers, the beauty in appreciating your fellow students, and the beauty in enjoying the Commonwealth Scholarships from the UK Government defines the ‘True’ and ‘Ideal’ partnership in building a strong foundation of a nation.

    He said:

    The 65th Anniversary celebration was also about a future of hope and destiny for our students, people and Solomon Islands and therefore, it is significant that students’ education and training are part of their life, and they ought to guard it well.

    And it is up to you – the young people – to guide your education well by utilizing scholarships to empower you, your family, your tribe, your people, and your community. But, if you do not appreciate the importance of scholarships, your education and training will suffer and die.

    The celebrations concluded with an afternoon interaction on how to write a scholarship application and preparing for scholarship interviews and the sharing of personal experiences under Commonwealth Scholarships by members of the Scholars and Alumni Association.

    Updates to this page

    Published 4 November 2024

    MIL OSI United Kingdom

  • MIL-OSI Europe: New vision for a sustainable, crisis-proof food system

    Source: European Union 2

    The European Economic and Social Committee (EESC) has laid out a bold vision for transforming the EU’s agriculture, fisheries, and food systems to better withstand crises while ensuring sustainability. The opinion “Fostering sustainable and resilient food systems in times of crisis,” requested by the Hungarian presidency, was adopted at the October plenary. By focusing on food security, fair income for producers, environmental resilience, and the next generation of food producers, these proposals offer a clear path for the EU to build a food system that not only survives continuous challenges and crisis but thrives in the long term.

    The EESC envisions a food system that is competitive, crisis-proof, and aligned with EU environmental and social objectives. “Ensuring stable, sustainable incomes for producers is essential, as is fostering a knowledge-based food policy that encourages innovation” said Arnold Puech d’Alissac, President of the World Farmers Organisation and one of the three rapporteurs of the opinion. To support this vision, the EESC calls for a new policy model to strengthen the farming sector’s bargaining position in the food chain when it comes to price negotiations as well as an increase in the budget for adequate financing of EU agriculture and fisheries.

    EESC insists that future trade agreements should incorporate the Green Deal and Farm to Fork standards to ensure fair competition and maintain high food quality, aligning global trade with the EU’s sustainability goals.

    “Ensuring fair income for primary producers is critical,” noted Piroska Kállay, rapporteur from Hungary. ”We need to see farmers as part of the solution and not part of the problem”, she added. Stricter enforcement of unfair trading practices and the standardization of their enforcement at the EU level as well as the introduction of a ban on below-cost selling, are necessary steps to rebalance power in the food supply chain.

    To sustain the food system for future generations, the EESC advocates for policies that promote generational renewal, particularly targeting young people and women. This includes education, training, and support for cooperatives and community-assisted agriculture, which build resilience by distributing economic risks and benefits more equitably among producers.

    The EESC also recommends rewarding carbon sequestration efforts in agriculture, such as sustainable soil management, while implementing policies to prevent carbon leakage. ”These measures would help align food production with the EU’s climate targets and global environmental commitments,” said Joe Healy, rapporteur from Ireland.

    In response to the growing threat of climate-related disasters, the EESC proposes an EU-wide system of public insurance, backed by public investment, to protect producers from natural disasters like floods or crop failures, ensuring continuity in food supply.

    Sustainable management of soil and water is essential for long-term productivity. The EESC urges policies that regenerate and restore soil health, increase water efficiency and reduce water usage, —critical steps in maintaining resilience against climate pressures.

    Additionally, the EESC calls for reducing red tape throughout the food chain to streamline processes and increase transparency. Regulating trade flows and establishing a digitized data center for price and cost tracking will help avoid market disruptions and enhance transparency in food supply chains.

    Finally, the EESC reiterates its previous proposals for establishing a European Food Policy Council (EFPC) to strengthen dialogue on food-related issues. This platform would bring together diverse stakeholders to align food policy with broader social and environmental objectives, ensuring a cohesive approach to the EU’s food systems. The EESC notes with satisfaction the similar proposal in the report of the strategic dialogue on the future of EU agriculture.

    The EESC’s proposals provide a comprehensive roadmap for strengthening the EU’s food systems, making them more resilient, sustainable, and equitable in the face of growing global challenge. (ks)

    MIL OSI Europe News

  • MIL-OSI United Kingdom: New tool to make it easier and faster for public to access essential government services online

    Source: United Kingdom – Executive Government & Departments

    GOV.UK Forms, a new tool for faster, more accessible online government forms, will be rolled out nationwide after successful trials showed major time savings and improved efficiency.

    • GOV.UK Forms to be rolled out across government, making it faster and easier for the public to fill out forms such as applying for emergency travel documents 
    • Tool has already helped over 20,000 armed forces personal apply for veteran badges and victims of the Horizon scandal apply for compensation
    • With 87 forms live and used by over 1,200 civil servants, GOV.UK Forms marks a key step in the UK government’s digital transformation

    People across the country will be able to complete government forms online more quickly and easily, boosting efficiency and speeding up access to support. 

    The new tool, GOV.UK Forms, has already been used to speed up registration for redress for more than 300 sub-postmasters affected by the Horizon IT scandal by removing the need for lengthy paperwork, print-outs and administrative hurdles – with forms taking less than five minutes to complete. 

    It’s also been used by the public to register XL Bully dogs and recruit over 400 new volunteer coastguards, with the tool already saving an estimated two years in processing time. 

    GOV.UK Forms will transform how the public fill out applications and forms on GOV.UK by offering them an online platform to fill in their details instead – meaning they no longer have to rely on clunky PDFs or lengthy paperwork, which is inefficient and less accessible.

    The tool will now be rolled out across all government departments after a successful trial and provide civil servants with a digital platform that allows them to create and manage secure, accessible forms online. 

    Harnessing the power of technology will be crucial to support the government in achieving its mission of making public services work for working people, grow the economy, and make everyone across the country better off.     

    Minister for AI and Digital Government Feryal Clark will unveil the full rollout of GOV.UK Forms at the Digital Nations Ministerial Summit in Copenhagen, Denmark today. 

    Speaking on the platform’s success, Minister Clark said:

    We’re enabling citizens to access essential government services more easily and securely, whether it’s applying for long overdue compensation or to become a volunteer.

    Not only will this modernise how the public interacts with us, but it allows departments to focus resources on improving public services – rather than administrative tasks.

    This early success marks the start of our ongoing mission to refine digital tools, building trust and ensuring government works for everyone, everywhere.

    Following successful private beta and early access phases, GOV.UK Forms will now enter a ‘public beta’ testing phase, which will mean it is applied more widely where citizens need to share information with the government.  

    To date, 87 forms have been published, with over 1,200 government users adopting the platform, saving more than two years in processing time. 

    Christine Bellamy, CEO of the Government Digital Service (GDS) said:  

    GOV.UK Forms enables people running government services to create online forms in minutes, without the need for coding or design skills.

    By enabling teams to replace paper-based forms with digital alternatives that are quicker to process, more secure and more accessible, we’re helping to realise a more modern digital government that helps to give people their time back.

    The platform complies with government standards on accessibility and cyber security, enabling all users, including those with access needs, to use the forms easily and securely. It also meets accessibility standards and regularly tests new features to keep the forms easy to use for everyone.  

    GOV.UK Forms is part of a wide range of initiatives in the government’s digital transformation, enhancing efficiency, security, and accessibility for citizens across the UK. 

    Minister Clark’s announcement at the summit will mark a pivotal step forward for GOV.UK Forms as it becomes an essential tool in modernising public engagement with government services.

    DSIT media enquiries

    Email press@dsit.gov.uk

    Monday to Friday, 8:30am to 6pm 020 7215 300

    Updates to this page

    Published 4 November 2024

    MIL OSI United Kingdom

  • MIL-OSI: Aktsiaselts Infortar Unaudited Consolidated Interim Report for third quarter of 2024

    Source: GlobeNewswire (MIL-OSI)

    Aktsiaselts Infortar (Infortar) will organize a webinar for introducing third quarter 2024 results today. Please join the webinar via the following links:

    4. November at 12.00 (EET) Estonian webinar

    4. November at 14.00 (EET) English webinar

    Following the acquisition of a majority stake in Aktsiaselts Tallink Grupp (Tallink), Infortar’s total assets have reached €2.5 billion. For the first nine months of this year, the company’s consolidated revenue amounted to €926 million, net profit reached €187 million, and investments totaled €138 million.

    “We’ve grown into Estonia’s largest investment company in the third quarter—our consolidated asset volume has increased by €1 billion within just nine months. Infortar’s structure and outlook have transformed significantly over a short period; we’re literally fuelled by growth,” remarked Ain Hanschmidt, Chairman of Infortar’s Management Board.

    “Infortar actively seeks and invests in growth across various sectors and beyond borders. When we went public last year, we committed to invest €110 million from 2023 to 2025, yet we have already invested €138 million in the current year alone,” said Hanschmidt.

    In the third quarter of 2024, Infortar increased its shareholding in Tallink to 68.5% through a public share offering. Alongside with other investors, Infortar envisions a strong and stable future for Tallink. The voluntary takeover offer attracted those who wished to exit the region for various reasons.

    In the third quarter of 2024, Tallink transported a total of 1,715,496 passengers, with the company’s ships completing 1,840 departures. Compared to the same period last year, Tallink´s unaudited sales revenue decreased by 3.7%, totalling €231.9 million, with a net profit of €36.8 million.

    AS Eesti Gaas, the largest private energy company in the Finnish and Baltic region, increased its sales volume of natural gas and electricity by 27% year-on-year, reaching 13.9 TWh and a market share of 25.7%. Operating under the Elenger brand in foreign markets, the company is focused on expanding its energy business in Poland and Germany and establishing access to the wholesale gas market in the Netherlands and Belgium.

    The construction of Rimi’s logistics centre and the new Pärnu bridge are going according to the schedule. In July, the bridge arch was installed, introducing new engineering solutions to Estonia.

    At the end of the third quarter, Infortar announced plans to acquire Tallinna Raamatutrükikoda, in addition to the printing houses Printon and Vaba Maa. This acquisition aims to enhance synergies and bolster the company’s extensive experience in the printing sector.

    KEY FIGURES

    9 months 2024 9 months 2023 Q3 2024 Q3 2023
    Revenue (in thousands of EUR) 925 607 746 892 349 468 186 540
    Gross profit (in thousands of EUR) 93 758 107 238 40 669 18 887
    EBITDA (in thousands of EUR) 117 384 105 865 41 874 19 294
    EBITDA margin % 12,7% 14,2% 12,0% 10,3%
    Operating profit (in thousands of EUR) 83 817 94 661 20 422 14 234
    Net profit (in thousands of EUR) 187 339 269 624 114 322 185 941
    Profit attributable to the owners of the parent company (in thousands of EUR) 184 122 269 546 111 105 185 658
    Earnings per share (EUR)* 9,1 13,3 5,5 9,2
             
    Total equity (in thousands of EUR) 1 223 058 771 700    
    Total liabilities (in thousands of EUR) 961 419 480 816    

    * For the period ending 30.09.2024, earnings per share (EPS) in euros have been calculated using a share count of 21,166,239, with company´s own shares deducted for comparability.

    Revenue

    During the first nine months of 2024, Infortar’s consolidated revenue increased by €178.7 million, reaching €925.6 million, compared to €746.9 million in the same period in 2023. This growth was significantly impacted by the line-by-line consolidation of Tallink results into Infortar’s financial statements.

    EBITDA and Segment Reporting

    The acquisition of a majority stake in Tallink does not significantly impact segment reporting; Infortar’s management continues to monitor business segments using existing principles.

    Energy Segment: Nine-month EBITDA for 2024 was €79.5 million, down from €99.1 million in 2023.

    Maritime transportation segment: nine-month EBITDA for 2024 was €149,5 million, compared to €177.7 million in 2023. Until 31.07.24, Infortar consolidated Tallink results by the equity method according to its ownership percentage, switching to line-by-line reporting as of 01.08.24.

    Real Estate Segment: EBITDA for real estate in the first nine months of 2024 reached €12 million, up from €11 million in the same period of 2023.

    Net Profit

    Consolidated net profit for the first nine months of 2024 was €187.3 million, compared to €269.6 million for the same period in 2023. The previous year’s results included a one-time profit from the AS Gaso acquisition.

    Financing

    Loan and lease obligations totalled €961.4 million for the first nine months of 2024, up from €480.8 million in 2023 due to the consolidation of Tallink liabilities. The net debt-to-EBITDA ratio, considering Tallink’s full-year EBITDA for 2024, stands at 2.4.

    Income statement, in thousands of EUR Q3
    2024
    Q3
    2023
    9 months 2024 9 months 2023
    Sales Revenue 349 468 186 540 925 607 746 892
    Cost of Sales -308 803 -169 764 -831 796 -634 815
    Impairment of Receivables 4 2 111 -53 -4 839
    Gross Profit 40 669 18 887 93 758 107 238
    Marketing Expenses -7 789 -394 -8 627 -1 109
    General Administrative Expenses -13 423 -3 975 -27 679 -12 563
    Profit (Loss) from Biological Assets 44 0 17 0
    Loss on Changes in Fair Value of Investment Properties -3 047 0 -2 891 0
    Profit (Loss) from Derivative Instruments 52 380 24 574 1 067
    Other Operating Income 4 368 308 5 449 1 065
    Other Operating Expenses -452 -972 -784 -1 037
    Operating Profit 20 422 14 234 83 817 94 661
    Profit from Investments Accounted for Using the Equity Method 3 243 22 254 22 128 37 701
    Financial Income and Expenses        
    Income from Financial Investments 69 782 -34 72 520 -58
    Interest Expense -11 340 -5 520 -24 466 -14 004
    Interest Income 1 215 467 4 219 2 300
    Profit (Loss) from Foreign Exchange Rate Changes 160 -23 156 -160
    Other Financial Income and Expenses -393 159 216 -395 159 216
    Total Financial Income and Expenses 59 424 154 106 52 034 147 294
    Profit Before Tax 83 089 190 594 157 979 279 656
    Corporate Income Tax 31 233 -4 653 29 360 -10 032
    Profit (Loss) for the Reporting Period 114 322 185 941 187 339 269 624
    Including:        
    Profit (Loss) Attributable to Owners of the Parent Company 111 105 185 658 184 122 269 546
    Profit (Loss) Attributable to Non-controlling Interests 3 217 283 3 217 78
    Other Comprehensive Income for the Reporting Period     -33 463 -60 195
    Total Comprehensive income for the Reporting Period     153 876 209 429
    Including:        
    Comprehensive Income (Loss) Attributable to Owners of the Parent Company     150 659 209 351
    Comprehensive Income (Loss) Attributable to Non-controlling Interests     3 217 78
    Basic Earnings per Share     9,11 13,20
    Diluted Earnings per Share     8,78 12,80

    * The non-cash revaluations of derivative instruments in comprehensive income do not affect the profitability or cash flow generating ability of AS Eesti Gaas or Infortar’s core business operations.

    Balance sheet, in thousands of EUR

    ASSETS     30.09.24   30.09.23   31.12.2023
    CURRENT ASSETS              
    Cash     95 863   90 456   87 115
    Short-term Financial Investments     1   1   0
    Short-term Derivative Instruments     2 246   21 216   28 728
    Receivables from Realized Derivative Instruments     2 773   1 279   5 958
    Receivables from Customers     115 992   91 071   162 575
    Tax Prepayments     4 161   1 192   925
    Other Receivables and Prepayments     31 098   20 228   20 185
    Prepayments for Inventories     2 885   29 354   3 493
    Inventories     221 174   177 824   146 884
    Biological Assets     420   0   0
    Total Current Assets     476 613   432 621   455 863
    NON-CURRENT ASSETS              
    Investments in Associates     15 756   341 490   346 014
    Long-term Derivative Instruments     1 451   3 485   1 125
    Long-term Loans and Other Receivables     29 668   9 771    
    Investment Properties     67 791   171 046   9 072
    Property, Plant, and Equipment     1 816 338   449 014   176 024
    Intangible Assets     39 276   13 474   446 748
    Right-of-use Assets     47 548   10 421   14 366
    Biological Assets     2 840   0   11 300
                   
    Total non-current assets     2 020 668   998 701   1 004 649
    TOTAL ASSETS     2 497 281   1 431 322   1 460 512
                   
    EQUITY AND LIABILITIES              
    CURRENT LIABILITIES              
    Loan Liabilities     199 247   204 468   184 259
    Lease Liabilities     8 499   956   1 766
    Payables to Suppliers     136 017   60 687   74 751
    Tax Liabilities     35 702   17 341   32 822
    Customer Prepayments     34 741   3 171   3 099
    Realized Derivative Instruments     222   3 395   1 463
    Other Short-term Liabilities     53 351   21 374   10 851
    Short-term Derivative Instruments     11 680   226   3 659
    Total Current Liabilities     479 459   311 618   312 670
    NON-CURRENT LIABILITIES              
    Long-term Provisions     9 208   7 255   8 399
    Deferred Income Tax Liability     2 391   34 920   33 233
    Other Long-term Liabilities     28 612   30 426   30 679
    Long-term Derivative Instruments     880   11   186
    Loan liabilities     713 212   265 805   246 410
    Lease liabilities     40 461   9 587   8 725
    TOTAL NON-CURRENT LIABILITIES     794 764   348 004   327 632
    TOTAL LIABILITIES     1 274 223   659 622   640 302
    EQUITY              
    Share Capital     2 117   1 985   2 105
    Treasury Shares     -95   -95   -95
    Share Premium     32 484   0   29 344
    Statutory Reserve     212   205   205
    Option Reserve     7 647   3 068   3 864
    Hedging Reserve*     20 725   22 084   24 118
    Unrealized Exchange Differences     1 114   32   -39
    Reserve for Post-employment Benefit Obligations     -44   0   -44
    Retained Earnings     728 559   474 015   466 140
    Profit for the Reporting Period     184 122   269 546   293 778
    Equity Attributable to Owners of the Parent Company     976 841   770 840   819 376
                   
    Non-controlling Interests     246 217   860   834
    TOTAL EQUITY     1 223 058   771 700   820 210
    TOTAL EQUITY AND LIABILITIES     2 497 281   1 431 322   1 460 512

    * This represents the change in the accounting hedging position, which affects the comprehensive income result.        

    Cash flow statement, in thousands of EUR 9
    months
    2024
      9
    months 2023
      2023
    Cash Flows from Operating Activities          
    Profit for the Reporting Period 187 339   269 624   293 830
    Adjustments          
    Depreciation and Impairment of Fixed Assets 30 676   11 204   15 581
    Change in Value of Investment Properties 2 891   0   4 074
    Profit/Loss from Equity Investments -156 017   -37 701   -39 639
    Change in Value of Derivative Instruments 26 156   59 284   54 122
    Other Financial Income/Expenses -66   -161 433   -161 965
    Accrued Interest Expenses 24 466   14 004   22 573
    Profit/Loss from Disposal of Fixed Assets -301   -76   -91
    Income from Targeted Financing Recognized in Revenue -319   -347   784
    Accrued Income Tax Expense -29 360   10 032   8 610
    Income Tax Paid -1 482   0   -267
    Change in Receivables and Prepayments Related to Operating Activities 79 126   130 325   54 540
    Change in Inventories -22 986   -118 715   -61 914
    Change in Liabilities Related to Operating Activities 35 968   -24 650   -406
    Change in Biological Assets 112   0   0
    Total Cash Flows from Operating Activities 176 203   151 551   189 832
               
    Cash Flows from investing activities          
    Payments for Purchase of Associates 0   -7 728   -10 314
    Payments for Purchase of Subsidiaries -67 810*   -103 410   -103 414
    Dividends paid 20 862   0   0
    Repayments of Loans Granted 2 057   5 966   6 652
    Interest Received 4 019   2 301   2 691
    Payments for Acquisition of Investment Properties -10 566   -10 506   -18 304
    Payments for Acquisition of Property, Plant and other assets -17 042   -13 972   -18 143
    Proceeds from Sale of Investment Properties and Fixed Assets 707   78   -252
    Total cash Flows from investing activities -67 773   -127 271   -141 084
    Cash Flows from Financing Activities          
    Change in Overdraft -30 457   30 546   14 348
    Loans Received 106 303   148 955   287 606
    Repayments of Loans Received -114 706   -150 790   -312 846
    Repayments of Principal Portion of Lease Liabilities -8 674   -1 562   -2 233
    Interest Paid -24 968   -13 100   -22 224
    Dividends Paid -30 332   -7 875   -15 750
    Proceeds from Issuance of Shares 3 152   0   29 464
    Total Cash Flows from Financing Activities -99 682   6 174   -21 635
               
    Total cash flows 8 748   30 454   27 113
               
    Cash and Cash Equivalents at Beginning of Period 87 115   60 002   60 002
    Cash and Cash Equivalents at End of Period 95 863   90 456   87 115
    Change in Cash and Cash Equivalents 8 748   30 454   27 113

    Aktsiaselts Infortar operates in seven countries, the company’s main fields of activity are maritime transport, energy and real estate. Aktsiaselts Infortar owns a 68.47% stake in Aktsiaselts Tallink Grupp, a 100% stake in AS Eesti Gaas and a versatile and modern real estate portfolio of approx. 116,000 m2. In addition to the three main areas of activity, Aktsiaselts Infortar also operates in construction and mineral resources, agriculture, printing, taxi business and other areas. A total of 105 companies belong to the Aktsiaselts Infortar group: 96 subsidiaries, 4 affiliated companies and 5 subsidiaries of affiliated companies. Excluding affiliates, Aktsiaselts Infortar employs 6,108 people.

    Additional information:
    Kadri Laanvee
    Investor Relations Manager
    Phone: +372 5156662
    e-mail: kadri.laanvee@infortar.ee
    www.infortar.ee/en/investor

    Attachments

    The MIL Network

  • MIL-OSI: Atos Sustainable Workplace research finds device lifespan can double while still delighting users

    Source: GlobeNewswire (MIL-OSI)

                                                                    Press Release

    Atos Sustainable Workplace research finds device lifespan can double while still delighting users

    Research unveils data-driven, condition-based device refresh approach, supported by remanufacturing, can achieve an 8-10 year lifespan versus a standard 3-5 year device lifespan on a fixed refresh cycle without compromising user experience

    Research also demonstrates employees’ engagement: 75% are happy to keep their device for longer if they understand the environmental benefits of doing so

    Paris, France – November 4, 2024 – Atos today releases its research on digital workplace sustainability, providing valuable insights to help organizations enhance their IT decision-making and corporate social responsibility (CSR) strategies. The report, “Increasing digital workplace sustainability: Data-driven strategy to accelerate progress together,” highlights high levels of waste endemic across the IT industry and also identifies a series of actions all can take to turn this around.

    Since 79% of a laptop’s carbon footprint is produced during manufacturing, with each new device creating roughly 338kg CO2eq of carbon before use, life cycle extension can have a huge impact. The report initially points out that device lifecycles can be extended without compromising user satisfaction. For instance, by doing nothing but adjusting the standard refresh cycle from three to four years, enterprises can gain a 25% reduction in related emissions without downgrading device performance or user experience. Further, data-driven, condition-based device refresh combined with remanufacturing can achieve an 8-10 year lifespan.

    Atos research reveals that 76% of large organizations’ laptops can be remanufactured. The remaining 24% of devices could be refurbished or recycled to contribute to the circular economy.

    Atos’ study showcases the key role employees could play in IT sustainability. 75% of employees indicated they would be willing to keep their devices longer if they were aware of the environmental benefits. Nonetheless, 16% of devices are left running continuously without being turned off, emphasizing the need for better employee awareness on energy-saving practices. Additionally, carbon intensity can fluctuate up to 2.3 times during the day, indicating that informing users about the best times to use the electrical grid and switching to battery power could improve energy efficiency.

    Data indicate that 57% of the ICT sector’s carbon emissions originate from devices and workplace environments. Atos, as a global leader in digital workplace, was able to analyze 28.5 million devices used by medium to large organizations, with the help of its partners Nexthink, Tier1 and Circular Computing, to offer crucial recommendations for boosting IT sustainability.

    Leon Gilbert, Senior Vice President Digital Workplace, Atos said: “We wanted to leverage the vast quantities of data available to Atos and our partners to challenge convention and pinpoint new opportunities for enterprises and their IT service providers. Some findings surprised even our experts. We can now see how the financial, environmental and social value of every device can be increased while still delighting users”.

    David Welling, IT Sustainability Governance Lead, National Grid said: “Within our own organization, we are looking at using the data from this study to drive strategic changes in behavior. Today, very few of us would consider using our laptops to impact the demand variability of the grid. Yet nobody would think twice about charging their electric vehicle overnight when demand is lower and energy is greener. If we can connect that kind of demand flexibility with ICT, we have a real opportunity to fundamentally change the greenhouse gas emissions of entire energy systems for entire countries”.

    In summary, Atos research highlights that implementing sustainable management, processes and practices in the workplace doesn’t have to be lengthy or costly. Conversely, organizations may experience swift benefits from the insights provided in the study. Additionally, Atos asserts that “what we can measure, we can change” – which underlines the importance of comprehensive and real-time data to progress toward environmental objectives.

    Atos teams provide end-to-end employee experience solutions through digital collaboration and productivity tools, as well as intelligent customer care services. Atos’ sustainable digital workplace suite includes more than 20 “Tech for Good” services and solutions, encompassing social value and accessibility criteria as well as data analytics and user interfaces. In March 2024, Gartner positioned Atos as a Leader in its 2024 Magic Quadrant for Outsourced Digital Workplace Services (ODWS) for the eighth consecutive year.

    ***

    About Tech Foundations

    Tech Foundations is the Atos Group business line leading in managed services, focusing on hybrid cloud infrastructure, employee experience and technology services, through decarbonized, automated and AI-enabled solutions. Its 41,000 employees advance what matters to the world’s businesses, institutions and communities. It is present in 69 countries, with an annual revenue of c. € 5 billion.

    About Atos

    Atos is a global leader in digital transformation with c. 82,000 employees and annual revenue of c. € 10 billion. European number one in cybersecurity, cloud and high-performance computing, the Group provides tailored end-to-end solutions for all industries in 69 countries. A pioneer in decarbonization services and products, Atos is committed to a secure and decarbonized digital for its clients. Atos is a SE (Societas Europaea) and listed on Euronext Paris.

    The purpose of Atos is to help design the future of the information space. Its expertise and services support the development of knowledge, education and research in a multicultural approach and contribute to the development of scientific and technological excellence. Across the world, the Group enables its customers and employees, and members of societies at large to live, work and develop sustainably, in a safe and secure information space.

    Press contact

    Isabelle Grangé | isabelle.grange@atos.net | +33 (0) 6 64 56 74 88

    Attachment

    The MIL Network

  • MIL-OSI China: China’s commerce minister urges active role from France in reaching EV trade solution

    Source: China State Council Information Office 3

    China’s Commerce Minister Wang Wentao has called on France, as a key European Union (EU) member, to play an active role in pushing the European Commission to show sincerity and meet the Chinese side halfway to secure a solution concerning the EU’s anti-subsidy probe into Chinese electric vehicles (EVs).

    Wang made the remarks during a meeting with French Minister Delegate for Foreign Trade and French Nationals Abroad, attached to the Minister for Europe and Foreign Affairs, Sophie Primas, in Shanghai on Sunday, according to the Ministry of Commerce. Wang and Primas met ahead of the seventh China International Import Expo (CIIE), which starts this week.

    The EU’s anti-subsidy probe into China-made EVs has severely hindered cooperation between EU and Chinese auto industries, currently a critical concern for industries on both sides, Wang said, noting that technical teams from China and the EU are presently engaged in a second round of consultations.

    Wang reiterated China’s commitment to addressing China-EU trade friction through dialogue and consultation — based on respect for facts and compliance with WTO rules.

    Wang said that unlike the EU’s anti-subsidy probe initiated without industry applications, China’s trade remedy investigations targeting certain EU goods, such as brandy, pork and dairy products, were launched at the request of domestic industries in full compliance with WTO rules and Chinese laws and regulations.

    He stressed that China would continue to handle these investigations in accordance with laws and regulations, safeguard the legal rights of enterprises from EU member states, including France, and base its rulings on evidence and facts.

    China is ready to work with the European Commission to seek a proper solution in this respect, Wang added.

    Noting that this year marks the 60th anniversary of the establishment of China-France diplomatic relations, with France featuring as a guest country of honor at the CIIE again, Wang said that over 100 French companies are set to participate in the expo this year — the highest number among EU countries, highlighting French companies’ strong interest in the Chinese market.

    Primas affirmed France’s firm commitment to deepening economic and trade relations with China and expressed her pleasure at France’s role as a guest country of honor at the expo again this year.

    With agricultural and food products being vital elements of France’s trade with China, she conveyed France’s significant concern over China’s investigations aimed at EU products, including brandy.

    France does not wish to see further escalation of current EU-China trade tensions and hopes both sides will resolve trade disputes through consultation, Primas said.

    MIL OSI China News

  • MIL-OSI Security: Appeal following fatal collision in Enfield

    Source: United Kingdom London Metropolitan Police

    Detectives are appealing for witnesses following a fatal collision in Enfield.

    Police were called at about 14:05hrs on Monday, 28 October to reports of a collision involving a white Ford box van and a blue motorbike on Meridian Way close to the junction with Morson Road.

    Officers and the London Ambulance Service attended. Despite the efforts of emergency services, sadly the rider, aged in his late 20s, died at the scene.

    His next of kin has been informed and are being supported by specialist officers.

    Detectives from the Roads and Transport Policing Command are investigating. They would like to speak with anyone who witnessed the collision or captured it on dash cam.

    Anyone with information is asked to call the Serious Collision Investigation Unit on 020 8246 9820 or via 101 reference CAD 4097/28Oct.

    MIL Security OSI

  • MIL-OSI: Municipality Finance issues EUR 20 million notes under its MTN programme

    Source: GlobeNewswire (MIL-OSI)

    Municipality Finance Plc
    Stock exchange release
    4 November 2024 at 10:00 am (EET)

    Municipality Finance issues EUR 20 million notes under its MTN programme

    Municipality Finance Plc issues EUR 20 million notes on 5 November 2024. The maturity date of the notes is 5 November 2035. MuniFin has a right, but no obligation, to redeem the notes early on 5 November 2025. The notes bear interest at a fixed rate of 3.87% per annum until 5 November 2025, after which the interest is paid at 3.00% per annum, unless MuniFin redeems the notes early.

    The notes are issued under MuniFin’s EUR 50 billion programme for the issuance of debt instruments. The offering circular, the supplemental offering circular and the final terms of the notes are available in English on the company’s website at https://www.kuntarahoitus.fi/en/for-investors.

    MuniFin has applied for the notes to be admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. The public trading is expected to commence on 5 November 2024.

    UBS Europe SE acts as the dealer for the issue of the notes.

    MUNICIPALITY FINANCE PLC

    Further information:

    Joakim Holmström
    Executive Vice President, Capital Markets and Sustainability
    tel. +358 50 444 3638

    MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions. The company is owned by Finnish municipalities, the public sector pension fund Keva and the Republic of Finland.
    The Group’s balance sheet totals over EUR 50 billion.

    MuniFin builds a better and more sustainable future with its customers. MuniFin’s customers include municipalities, joint municipal authorities, wellbeing services counties, corporate entities under their control, and non-profit organisations nominated by the Housing Finance and Development Centre of Finland (ARA). Lending is used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals and healthcare centres, schools and day care centres, and homes for people with special needs.

    MuniFin’s customers are domestic but the company operates in a completely global business environment. The company is an active Finnish bond issuer in international capital markets and the first Finnish green and social bond issuer. The funding is exclusively guaranteed by the Municipal Guarantee Board.

    Read more: https://www.kuntarahoitus.fi/en/

    Important Information

    The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into any such country or jurisdiction or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, any securities or other financial instruments in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.

    This communication does not constitute an offer of securities for sale in the United States. The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

    The MIL Network

  • MIL-OSI: Nokia signs 5G deal extension with Taiwan Mobile

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    Nokia signs 5G deal extension with Taiwan Mobile

    • Nokia to modernize Taiwan Mobile’s 5G network and upgrade existing 4G infrastructure with equipment from industry-leading AirScale portfolio.
    • Deal to enhance experience for customers in both urban and rural environments with premium capacity and coverage.
    • Taiwan Mobile targeting sustainability goals with Nokia’s energy-efficient portfolio.

    4 November 2024
    Espoo, Finland – Nokia has signed a one-year 5G contract extension with Taiwan Mobile to boost the performance and capacity of Taiwan Mobile’s 5G network as well as upgrade its 4G/LTE network. This will add capacity and coverage and provide a better end-user experience for TWM’s customer base of approximately 10 million including in rural areas. The move comes following the merger of Taiwan Mobile and Taiwan Star last year and will help prepare Taiwan Mobile’s network for the 5G-Advanced era.

    Under the deal, Nokia will supply equipment from its industry-leading 5G AirScale portfolio for the first time in Taiwan. This includes Nokia’s next-generation, modular, high-capacity AirScale baseband solutions, Habrok 32 and Osprey 32 Massive MIMO radios and Remote Radio Head products. These are all powered by its energy-efficient ReefShark System-on-Chip technology and combine to provide superior coverage and capacity. The project will see thousands of existing LTE sites modernized for better energy efficiency supporting Taiwan Mobile’s sustainability targets. Taiwan Mobile will also install Nokia’s IPAA+ solution helping them to add additional antennas in constricted urban environments.

    Additionally, Taiwan Mobile will implement Nokia’s industry-leading Carrier Aggregation technology to its network. This combines radio spectrum to significantly boost the data rates offering customers better throughput, capacity, and performance.

    Nokia has partnered with Taiwan Mobile for over 20 years and has previously provided 2G, 3G, and 4G mobile networks covering RAN, mobile core, and voice core. Nokia has most recently supported Taiwan Mobile in the deployment of its nationwide 5G infrastructure including over 3,000 new cell sites.

    Jamie Lin, President at Taiwan Mobile, said: “This expanded partnership with Nokia marks a significant step forward in our commitment to providing our 10 million customers with the best possible 5G experience, while also supporting the growing needs of over 1 million IoT devices across our network. By leveraging Nokia’s cutting-edge AirScale portfolio, we are not only enhancing network performance and capacity but also reinforcing our dedication to sustainability and advancing our Telco+Tech strategies. This collaboration will enable us to deliver superior connectivity to both urban and rural areas, ensuring that all our customers can enjoy the full benefits of the 5G era.”

    Tommi Uitto, President of Mobile Networks at Nokia, said: “Nokia is partnering with Taiwan Mobile to modernize their 5G and 4G networks to deliver enhanced performance and coverage and better customer experience. We are deploying the latest equipment from our energy-efficient AirScale portfolio, which will enable a greener network with reduced environmental impact, contributing to the operator’s sustainability goals.”

    Resources and additional information
    Webpage: Nokia 5G
    Product page: AirScale Radio Access
    Product page: MantaRay Network Management
    Webpage: Nokia 5G Core
    Webpage: Nokia Voice Core

    About Nokia
    At Nokia, we create technology that helps the world act together.

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.

    With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable, and sustainable networks today – and work with us to create the digital services and applications of the future.

    Media inquiries
    Nokia Press Office
    Email: Press.Services@nokia.com

    Follow us on social media
    LinkedIn X Instagram Facebook YouTube

    The MIL Network

  • MIL-OSI United Kingdom: More pop up clinics arranged for winter vaccinations

    Source: City of Wolverhampton

    Similar to last year, those eligible for a free Covid-19 and flu vaccination include all adults aged 65 years and over, people who live in a care home for older adults, people aged 6 months to 64 years with health conditions that make them more vulnerable, frontline health and social care staff including those working in care homes for older adults, and pregnant women.

    Eligible people can get one or both vaccinations and are invited to book an appointment via the NHS website, on the NHS app or by calling 119.

    Alternatively, they can get their vaccinations at one of a number of community pop up clinics offering both vaccines without an appointment which are taking place across the city over the coming weeks, including:

    • Phoenix Park, Dudley Road, today (Monday 4 November) and Monday 18 November from 9am to 3pm
    • SMI Steps to Health, Showell Circus, tomorrow (Tuesday 5 November) from 9am to 3pm
    • Sainsburys Wolverhampton, Raglan Street, on Thursday (7 November) and Thursday 21 November from 9am to 3pm
    • Queen Square, Wolverhampton, on Friday (8 November) and Friday 22 November from 9am to 3pm
    • Sainsburys Wednesfield, Bentley Bridge, on Thursdays 14 and 28 November from 11am to 6pm.

    Anyone not eligible for a free flu vaccination is reminded that they can get it for a small charge at participating pharmacists.

    Sally Roberts, Chief Nursing Officer for the NHS Black Country Integrated Care Board, said: “It’s vital that everyone prepares for potential winter illnesses, especially those who are at higher risk.

    “It can be easy to become complacent, however it’s important for those who are eligible to top up their protection, even if they have had a vaccine or been ill with flu or Covid-19 before, as immunity fades over time and these viruses change each year.”

    Councillor Jasbir Jaspal, the City of Wolverhampton Council’s Cabinet Member for Adults and Wellbeing, said: “Getting vaccinated will help you get winter strong so, I would encourage anyone who is eligible to take up the offer of a free flu or Covid-19 vaccination, or both.”

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: New SEND Local Offer website launched

    Source: City of Wolverhampton

    The website has been created in partnership with children, young people and their families and includes:

    • what to do if you’re new to SEND  
    • local support such as where you can find helpful advice, fun activities or services  
    • educational settings in Wolverhampton or nearby such as early years, primary, secondary, sixth form, colleges, further education and higher education
    • travel assistance arrangements for children or young people attending schools, colleges or an early years setting 
    • how to get advice for young adults with SEND, like housing and employment support.

    The new website has been developed in response to the Local Area SEND Inspection in 2021, which found that many parents and carers were not aware of the Local Offer and some of those that were found it difficult to access information on the site.

    Councillor Jacqui Coogan, the City of Wolverhampton Council’s Cabinet Member for Children, Young People and Education, said: “The Local Offer website brings together a wide range of information about the education, health and social care support available in Wolverhampton and the surrounding area for children and young people with SEND, and their families.

    “User acceptance testing is still being carried out on the new site and further development will be undertaken in response to feedback received. We are keen to hear your views to help us continue updating the website to meet your needs, so please take a look and if you have any comments, let us know via the feedback function on the website.”

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Long-term public-private partnership to deliver thousands of affordable homes

    Source: United Kingdom – Executive Government & Departments

    Pension Insurance Corporation, Muse and Homes England form £54 million joint venture, named HABIKO, a development vehicle to bring forward 3,000 low-carbon, low-energy affordable homes for rent

    A significant long-term public-private partnership, focused on affordable housing delivery, has been announced by Pension Insurance Corporation, a major investor in UK housing and infrastructure, nationwide place maker, Muse, and Homes England, the Government’s housing and regeneration agency. 

    The new public-private partnership, named Habiko, is a joint venture that plans to deliver 3,000 low-carbon, low-energy affordable homes for the rental market, unlocking institutional investment. Habiko will become self-funding over its 12-year lifespan and aims to diversify the supply chain for future efficient housing developments. 

    Habiko is targeting up to 100% affordable homes for rent for those whose needs are not met by the market, with rents set at 20% below the local market rent. During the 12-year lifespan of the partnership, PIC will have the ability to continue to forward fund the development of the affordable homes and will ultimately own the homes and places they have helped to create through its investment and long-term stewardship approach. 

    The homes will be built across England in areas of high demand for this type of housing. The developments aim to create social value for these communities, including boosting the local economy through job creation and new skills to drive green innovation. The homes will be in accessible locations, close to employment opportunities and be designed to help residents save money on their energy bills. 

    Tracy Blackwell, CEO of PIC, said:

    Meeting the UK’s affordable housing needs is a challenge that is best met through effective collaboration between Government, developers, and private investors. Habiko is a great example of public-private partnership, which brings forward thousands of low-carbon, low-energy affordable homes.

    PIC has invested around £4 billion in social and affordable housing to date, helping provide the secure, long-dated, inflation linked cashflows to back the pensions of its policyholders over coming decades, creating considerable social value.

    Phil Mayall, Managing Director at Muse, said:

    The Government has set out a bold and ambitious challenge to deliver a significant number of new affordable homes over the next five years. Working together with PIC and Homes England, we can bring together our collective resources and unique experience to deliver thousands of low carbon and low energy homes which, by working alongside our local partners, meet the needs of communities across the country.” 

    Peter Denton, Chief Executive of Homes England, said: 

    Attracting institutional investment into the housing sector is critical to build the new homes the country needs. 

    This partnership supports our partners’ objective to deliver low carbon, low energy, affordable homes, bringing together the technical expertise and capability of Muse with the financial capacity of one of the UK’s largest pension fund insurers, cementing PIC as a significant force in delivering affordable housing.

    Notes to Editors

    For more information about Habiko please visit www.habiko.uk  

    About Homes England 

    Homes England is the government’s housing and regeneration agency. We believe that affordable, quality homes in well-designed places are key to improving people’s lives. We make this happen by using our powers, expertise, land, capital and influence to both – bring investment to communities and get more quality homes built. 

    https://www.gov.uk/government/organisations/homes-england 

    About PIC 

    The purpose of PIC is to pay the pensions of its current and future policyholders. At half year 2024 PIC had insured 348,600 pension scheme members and had assets of £47.7 billion, accumulated through the provision of tailored pension insurance buyouts and buy-ins to the trustees and sponsors of UK defined benefit pension schemes. PIC has made pension payments of more than £15 billion to its policyholders, with a customer satisfaction rating of 99%, and has invested more than £13 billion in the UK infrastructure and housing, including in urban regeneration projects, social housing, and renewable energy, creating considerable social value. Clients include FTSE 100 companies, multinationals and the public sector. PIC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority (FRN 454345). For further information please visit www.pensioncorporation.com 

    About Muse – the nationwide placemaker 

    The nationwide placemaker, Muse, has 40 years of experience creating mixed-use communities across the UK.  

    Our track record of leading complex, mixed-use regeneration gives us the experience to deliver successful places, with the emphasis on sustainability, community and quality. We’re working with partners across the UK with more than 2000 new homes and over 600,000 sq ft of commercial space under construction over the past 12 months, with a gross development value of £877m.  

    We combine local insight with the resources and capabilities of a nationwide organisation. Our regional teams are based in Manchester, Leeds, London and Birmingham.  

    As part of Morgan Sindall Group, we have the financial strength of a leading UK construction and regeneration group with an annual revenue of £2.2bn  

    Our focus is on strong partnerships in the many places we work across the UK and our national strategic joint ventures, ECF – with Legal & General and Homes England – and Waterside Places with the Canal & River Trust.  

    We’re building a brighter future, together.  

    www.museplaces.com

    Updates to this page

    Published 4 November 2024

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Music Service offers qualification for learners with support needs

    Source: City of Wolverhampton

    The Awards and Certificates in Musical Development are industry first, innovative qualifications which set a new standard for fully accessible, inclusive music assessments. They enable children and young people with learning difficulties to achieve a fully regulated qualification in any music making context.

    Daryl Pardesi, Hub Development Lead for Inclusion and Partnerships at Wolverhampton Music Service, said: “This is a much needed new inclusion opportunity for pupils in SEND settings to gain accreditation, just as their peers have done for a long time in primary and secondary settings.

    “These innovative qualifications celebrate every learner’s journey, recognising musical achievements across all abilities and backgrounds.”

    Councillor Jacqui Coogan, the City of Wolverhampton Council’s Cabinet Member for Children, Young People and Education, added: “These are ground breaking, fully accessible, regulated music qualifications open to all learners – from those with profound learning difficulties to those on the autism spectrum.

    “These qualifications enable everyone to have their musical achievements and progress formally recognised, and I am delighted that we are able to offer them through Wolverhampton Music Service.”

    Although geared towards learners with SEND or additional support needs, the Awards and Certificates of Musical Development are designed to recognise how everyone engages with music and is open to all learners working with the Sounds of Intent Framework, with no age restrictions or other limitations.

    Wolverhampton Music Service provides high quality tuition and musical opportunities for youngsters from schools across the city, including the chance to perform with its flagship groups, Wolverhampton Youth Orchestra and Wolverhampton Youth Wind Orchestra.

    Last year, it delivered around 500 hours of tuition to nearly 7,000 children in 82 schools across the city every week, and runs 15 free ensembles enjoyed by over 500 children and young people on a weekly basis.

    To find out more visit Wolverhampton Music Service.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Intricate model sheds a little light on iconic Smeaton designs

    Source: City of Leeds

    An impressive, brick-by-brick recreation of John Smeaton’s famous Eddystone Lighthouse has gone on display in Leeds alongside the 230-year-old designs which inspired it.

    Civil Engineer and railway enthusiast Mark Calvert designed the model and then printed each part on a 3D printer, after an illuminating study into the famed Leeds-born engineer’s original masterwork.

    Now his model has taken pride of place in an exhibition at Leeds Industrial Museum next to a stunning first edition book, penned by Smeaton himself, detailing his pioneering plans for the towering full-sized structure.

    Coloured in the iconic red and white stripes which have become synonymous with the British seaside, the metre-high model is made up of scores of interlocking bricks, which mimic the huge granite blocks and dovetail joints of the full-sized version.

    Mark, a former chair of the Yorkshire branch of the Institution of Civil Engineers, became fascinated by the intricacy of Smeaton’s plans, which were themselves inspired by the strong, sweeping appearance of an oak tree.

    He said: “Smeaton’s lighthouse designs have always been fascinating, but it isn’t until you look at them in detail that you fully marvel at the incredible thought process which much have gone into their actual construction.

    “Each individual block had to correspond exactly to the ones around, allowing them to interlock and make the lighthouse so strong and resilient against vast forces of the sea that had swept away the lighthouses that stood before Smeaton’s attempt.

    “It was such a challenge to recreate these designs and a really proud moment to see my model on display alongside the designs which came from the mind of Smeaton himself.”

    Born in Whitkirk, Leeds in 1724, self-taught engineer Smeaton was tasked with building a lighthouse to guide ships through the notoriously perilous passage through the Eddystone Rocks off the coast of Devon in around 1756.

    Inspired by the tapered trunk of an oak tree and the kerbstones of London’s pavements, the completed lighthouse stood 59 feet high, and was first lit on October 16, 1759.

    On loan from Leeds Central Library, the book of his designs itself took 35 years to complete and was dedicated by the author to King George III.

    Both the book and Mark’s model are on display as part of Engineery: Building Better Futures, an exhibition exploring the story of civil engineering and the huge impact it has had on the world.

    The exhibition is a collaboration between Leeds Museums and Galleries and Smeaton 300, a programme designed by local arts organisation Foxglove to mark Smeaton’s 300th birthday. Mark worked alongside Foxglove, who consulted him as an expert engineer as part of the programme.

    Councillor Salma Arif, Leeds City Council’s executive member for adult social care, active lifestyles and culture, said: “It’s incredible to see Smeaton’s designs are still encouraging creativity and innovation in Leeds centuries after he was born.

    “There can be no more fitting tribute to his life and legacy than for his work to be on display today in his home city alongside modern day creations made by those he has inspired.”

    For more information on Smeaton 300, visit: The Project – Smeaton300

    For more details about Engineery, which is on now at Leeds Industrial Museum, please visit: Engineery – Leeds Museums & Galleries

    MIL OSI United Kingdom

  • MIL-OSI: Sydbank share buyback programme: transactions in week 44

    Source: GlobeNewswire (MIL-OSI)

    Company Announcement No 52/2024

    Peberlyk 4
    6200 Aabenraa
    Denmark

    Tel +45 74 37 37 37
    Fax +45 74 37 35 36

    Sydbank A/S
    CVR No DK 12626509, Aabenraa
    sydbank.dk

    4 November 2024  

    Dear Sirs

    Sydbank share buyback programme: transactions in week 44
    On 28 February 2024 Sydbank announced a share buyback programme of DKK 1,200m. The share buyback programme commenced on 4 March 2024 and will be completed by 31 January 2025.

    The purpose of the share buyback programme is to reduce the share capital of Sydbank and the programme is executed in compliance with the provisions of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 and Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016, collectively referred to as the Safe Harbour rules.

    The following transactions have been made under the share buyback programme:

      Number of shares VWAP Gross value (DKK)
    Accumulated, most recent
    Announcement

    2,570,000

     

    907,853,910.00

    28 October 2024
    29 October 2024
    30 October 2024
    31 October 2024
    01 November 2024
    17,000
    18,000
    18,000
    18,000
    16,000
    328.44
    319.15
    314.67
    324.97
    329.67
    5,583,480.00
    5,744,700.00
    5,664,060.00
    5,849,460.00
    5,274,720.00
    Total over week 44 87,000   28,116,420.00
    Total accumulated during the
    share buyback programme

    2,657,000

     

    935,970,330.00

    All transactions were made under ISIN DK 0010311471 and effected by Danske Bank A/S on behalf of Sydbank A/S.

    Further information about the transactions, cf Article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council on market abuse and Commission delegated regulation, is available in the attachment.

    Following the above transactions, Sydbank holds a total of 2,657,135 own shares, equal to 4.86% of the Bank’s share capital.

    Yours sincerely
            
    Mark Luscombe        Jørn Adam Møller
    CEO        Deputy Group Chief Executive

    Attachment

    The MIL Network

  • MIL-OSI United Kingdom: City to turn Orange and say ‘no’ to interpersonal violence

    Source: City of Wolverhampton

    The annual Orange Wolverhampton campaign, which begins on Monday 25 November, aims to raise awareness of the city’s continuing drive to end domestic abuse, female genital mutilation, forced marriage, so-called honour-based violence, sexual violence and stalking and harassment.

    At the same time, it highlights the advice and support that is available to victims from local and national organisations such as The Haven Wolverhampton, St George’s Hub, Karma Nirvana and the City of Wolverhampton Council.

    The campaign runs from 25 November, the United Nations International Day for the Elimination of Violence against Women, until 10 December, UN Human Rights Day, and supports the UN Orange the World campaign to end violence against women and girls. In Wolverhampton, there is a strong focus on ending interpersonal violence against all individuals, whether they are female or male.

    This year’s campaign includes a variety of online and in person events to enable as many people as possible to get involved, and will begin with a flag raising ceremony outside the Civic Centre on 25 November at 11am. All are welcome.

    There will be an Orange Wolverhampton information point at the Mander Centre on Monday and Tuesday, 2 and 3 December, between 10.30am and 4.30pm, raising awareness and handing out ribbons.

    There are also craft workshops with Changing Lives, a series of virtual Lunch and Learn sessions with The Haven Wolverhampton, ROSHNI, Black Country Women’s Aid, DORCAS and Changing Lives, virtual Spotlight Sessions on domestic violence with Sikh Women’s Aid and drop in session with Wolverhampton Homes, DORCAS and ROSHNI.

    A Round Table Event for male survivors and professionals will be hosted by St George’s Hub, which is also holding a workshop to help identify the hidden male victims of honour-based violence.

    Wolverhampton’s Domestic Abuse Champions will be at Wednesfield Library on Friday 29 November to talk to people about any concerns they may have in confidence, and Orange Wolverhampton runners will be taking part in the parkruns at West Park and East Park during the 16 days of activism.

    The programme ends with an Orange Walk led by ROSHNI on Tuesday 10 December through the city. Full details of the events will be added to the Orange Wolverhampton website, shortly.

    Scores of organisations across Wolverhampton are set to support this year’s campaign in a range of ways, from holding ‘wear orange’ days, wearing orange pin badges, turning their websites and social media channels orange, lighting their buildings orange, flying orange flags, sharing key messages about the campaign with staff, customers and service users, and much more.

    Councillor Jasbir Jaspal, the City of Wolverhampton Council’s Cabinet Member for Adults and Wellbeing, said: “The Orange Wolverhampton campaign is a great way for us to all say ‘no’ to interpersonal violence and help raise awareness of the advice and support available to victims and survivors in Wolverhampton.

    “We’re hoping that thousands of people will get involved again this year, perhaps by holding or joining one of the many events that will be taking place across the city, or visiting the Orange Wolverhampton information stand in the Mander Centre on 2 and 3 December.”

    The Orange Wolverhampton campaign is co-ordinated by Wolverhampton Safeguarding Together, the Safer Wolverhampton Partnership, Wolverhampton Voluntary and Community Action, and the council.

    For more information and to sign up to this year’s campaign, please visit the Orange Wolverhampton website to find details of events and resources, and to add any events you or your organisation is planning.

    Anyone suffering from domestic violence, female genital mutilation, forced marriage, so-called ‘honour-based’ violence or sexual violence, or knows someone who is, should call the relevant helpline:

    • The Haven Wolverhampton 24 hour helpline for women – 08000 194400
    • St George’s Hub support for male victims – 01902 421904
    • Karma Nirvana helpline for victims of so-called ‘honour-based’ violence and forced marriage – 0800 5999 247
    • Wolverhampton Adult Social Care – 01902 551199
    • Wolverhampton Children’s Social Care – 01902 555392
    • West Midlands Forced Marriage and Honour-Based Violence Helpline – 0800 953 9777
    • National Domestic Violence helpline for women – 0808 2000 247
    • National Domestic Violence helpline for men – 0808 8010327
    • NSPCC Female Genital Mutilation helpline – 0800 028 3550
    • In an emergency, always call police on 999.

    For more information about the work of Wolverhampton Safeguarding Together, please visit Wolverhampton Safeguarding Together.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: City getting digi with it

    Source: City of Norwich

    Refurbishment work is moving at pace to create a new Digital Hub at Townshend House in Norwich city centre.

    The hub, which will be operated by HQ, part of International Workplace Group, the world’s largest provider of hybrid working solutions, is due to open its doors in the Spring, is set help make the city a digital powerhouse.

    It is one of eight key projects in the £25m Town Deal programme which is funded by the Ministry of Housing and Local Government (MHCLG)’s Levelling Up Fund following a successful bid by Norwich City Council as part of its drive to deliver regeneration, new skills, infrastructure and jobs in the city.

    And to see how works were shaping up this week was Cllr Mike Stonard, Leader of Norwich City Council.

    Cllr Stonard said: “Things are really shaping up here and I am really looking forward to seeing the new Townshend House become the City’s Digital Hub – it really will be a major milestone in our mission to make Norwich a digital and creative powerhouse. It’s all part of our plans to make a more prosperous Norwich and fit for the future.”

    Mark Dixon, CEO & Founder of International Workplace Group PLC, commented: “With a growing digital community, Norwich is a fantastic place for us to boost our expansion plans across Norfolk and the East of England. The need for high-quality flexible workspaces continues to soar across the world as hybrid working becomes the new normal. We are very pleased to work with the council to open our latest state-of-the-art workspaces to support the thriving digital industry in Norwich.”

    The former ITV Anglia HQ, which is owned by Norwich City Council, will provide new and additional workspaces for digital businesses in Norwich. 

    Set to open in Spring 2025, The Digital Hub will provide space for established firms and start-ups across a range of industries including digital, creative and media, while International Workplace Group’s Design Your Own Office service allows companies to tailor their space entirely to their requirements. The new HQ workspace location will include facilities including private offices, meeting rooms, co-working and creative spaces.

    Local Growth Minister, Alex Norris, said: “It’s fantastic to hear work is under way to create a new Digital Hub in Norwich, another step forward in making the city centre a destination for the tech and creative industry is the economic growth we want to see across all towns and cities. It is vital our communities keep creating innovative flexible new spaces like this to attract new startups and investors to the area and help local people to fully embrace the jobs of the future.”

    MIL OSI United Kingdom

  • MIL-OSI Security: Appeal for witnesses to serious collision in Hammersmith

    Source: United Kingdom London Metropolitan Police

    Detectives investigating a serious road traffic incident in Hammersmith are appealing for witnesses or anyone with dash cam footage or CCTV footage to come forward.

    Police were called by the London Ambulance Service at 12:50hrs on Wednesday, 30 October to reports of a collision involving a delivery van and a woman on a service road outside The Ark on Talgarth Road, W6.

    Emergency services attended and provided first aid. The woman was taken to hospital where she remains due to her serious injuries.

    The van driver who stopped at the scene was not arrested. They are co-operating with police officers and the investigation.

    Detectives from the Roads and Transport Policing Command are leading the investigation.

    Anyone who witnessed this incident or has information or footage should contact the witness line on 020 8543 5157 or call police on 101 or post on X @MetCC quoting 3378/30Oct.

    MIL Security OSI

  • MIL-OSI United Kingdom: MedSafetyWeek 2025: Preventing side effects 

    Source: United Kingdom – Executive Government & Departments

    The ninth annual #MedSafetyWeek takes place this week, with regulators from 94 countries and 107 organisations taking part across the globe. 

    #MedSafetyWeek forms part of international efforts to raise awareness about the importance of reporting suspected side effects to national medicines regulatory authorities such as the Medicines and Healthcare products Regulatory Agency (MHRA).  

    This year’s campaign, which runs from 4 to 10 November, focuses on the importance of using medicines correctly to prevent side effects. 

    This means taking the right medicines, at the right time, in the right way and at the right dose, and carefully following instructions for use of medical devices. Following these steps can drastically reduce the risk of some side effects and safety issues.  

    When side effects do arise, this MedSafetyWeek, we ask that they are reported directly to the MHRA’s Yellow Card scheme and local reporting systems as soon as possible. Anyone can make a report: patients, parents, carers and healthcare professionals.  

    Reporting to the scheme allows the MHRA to not only identify new adverse effects but also gain more information about known adverse effects. This helps to improve the safety of medicines and healthcare products for all patients. 

    Safety concerns about medical devices, blood factor and immunoglobulin products, e-cigarettes and defective, low-quality or fake healthcare products should also be reported on the Yellow Card website. 

    This year’s MedSafetyWeek theme of ‘preventing side effects’ aligns with the third World Health Organization (WHO) Global Patient Safety Challenge: Medication Without Harm.  

    Preventable side effects contribute significantly to an increasing burden on patients and healthcare services, with studies consistently showing that between one third and a half may be potentially preventable.  

    Anticipating and managing side effects is key to reducing this burden and protecting patients from avoidable harm.  

    Please support #MedSafetyWeek by sharing, liking and reposting our social media posts: 

    Yellow Card scheme 

    In the UK, the MHRA’s Yellow Card scheme is a critical source of information for us as the regulator to monitor the safety of healthcare products once they are on the market.   

    Importantly, Yellow Card reports can help to identify previously unknown side effects – or adverse drug reactions (ADRs) – and provide new safety knowledge to ensure risk is minimised.  

    Examples include a report of a three-month-old baby who was prescribed Gaviscon Infant to manage reflux and two days later had severe constipation. 

    MHRA experts investigated the report and found six other reports of constipation with Gaviscon Infant in children. The ages of the patients varied between two weeks and nine months, except for one child who was a one-year-old.  

    As the medicine is indicated for children aged one to two years, it appeared that in the vast majority of these cases the product had been prescribed by a healthcare professional in an unapproved patient age group. 

    It was decided that regulatory action was needed to make the product information clearer with the relevant warnings and precautions. 

    Yellow Card Biobank 

    The Yellow Card Biobank is an MHRA and Genomics England pilot project with the goal of increasing understanding of how a patients’ genetic makeup may increase their risk of side effects from prescribed medications.  

    The MHRA is currently looking for patients who have experienced severe skin reactions when taking allopurinol or severe bleeding when taking direct oral anticoagulants to join the study, before mid-January 2025. 

    If you or your patient have experienced a side effect to either of these drugs please complete a Yellow Card report. If you have any questions on the Biobank study, please email Yellowcardbiobank@mhra.gov.uk

    Updates to this page

    Published 4 November 2024

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: St Austell angler fined for not having a rod licence

    Source: United Kingdom – Executive Government & Departments

    It would have been cheaper for an angler to have bought a rod licence after he was caught and fined.

    Money raised from the sale of rod licences supports the sport, fish stock and pays for improvements

    William Greaves, 39, from Moorland Road, St Austell, pleaded guilty to fishing without a rod licence at Bilberry Lake, St Austell. He was fined £40 and ordered to pay a £16 victim surcharge at Swindon Magistrates Court on 29 October 2024.  

    Benjamin Pessl, Environment Agency fisheries enforcement officer, said: 

    Money from rod licence sales is put back where it came from to improve the experience of anglers and fisheries. Not doing that cheats everyone. 

    Buying a rod licence is not expensive. Always check your licence is in date before you go out fishing

    Any angler aged 13 or over, fishing on a river, canal or still water needs a licence. A 1-day licence costs from just £6 and an annual licence costs from just £30 (concessions available). Junior licences are free for 13 – 16-year-olds. Licences are available from www.gov.uk/get-a-fishing-licence or by calling the Environment Agency on 0344 800 5386 between 8am and 6pm, Monday to Friday. 

    The Environment Agency carries out enforcement work all year round and is supported by partners including the police and the Angling Trust. Fisheries enforcement work is intelligence-led, targeting known hot-spots and where illegal fishing is reported. 

    Anyone with information about illegal fishing activities can contact the Environment Agency incident hotline 24/7 on 0800 80 70 60 or anonymously to Crimestoppers on 0800 555 111. 

    Background

    William Greaves was charged with: 

    On 21 April 2024 at Bilberry Lake, St Austell, in a place where fishing is regulated fished for freshwater fish or eels by means of an unlicensed fishing instrument, namely rod and line, contrary to Section 27(1)(a) of the Salmon and Freshwater Fisheries Act 1975.

    Updates to this page

    Published 4 November 2024

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Appointment of Bishop of Coventry: 4 November 2024

    Source: United Kingdom – Executive Government & Departments

    The King has approved the nomination of The Right Reverend Sophie Jelley, Suffragan Bishop of Doncaster to be appointed as Bishop of Coventry.

    The King has approved the nomination of The Right Reverend Sophie Jelley, Suffragan Bishop of Doncaster to be appointed as Bishop of Coventry, in succession to The Right Reverend Dr Christopher Cocksworth following his appointment as Dean of Windsor.

    Background

    Sophie was educated at the Universities of Leeds and Oxford and trained for ordination at Wycliffe Hall, Oxford. She served her title at St Peter’s, Shipley, in the former Diocese of Bradford (now in the Diocese of Leeds) and was ordained priest in 1998.

    She took up the role of Mission Partner with the Church Mission Society in 2000, serving at Uganda Christian University in Mukono, before returning to the UK in 2003 to take up the role of Resident Minister of St John the Evangelist, Churt with Rushmoor, in the Diocese of Guildford. In 2010, Sophie was appointed Vicar of St Andrew’s, Burgess Hill, in the Diocese of Chichester, and from 2013 was additionally Assistant Diocesan Director of Ordinands. In 2015, Sophie was appointed Canon Missioner of Durham Cathedral and Diocesan Director of Mission, Discipleship and Ministry, in the Diocese of Durham.

    In 2020, Sophie took up her current role as Suffragan Bishop of Doncaster, in the Diocese of Sheffield

    Updates to this page

    Published 4 November 2024

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Nature’s role in economy

    Source: Scottish Government

    Jobs and sectors dependent on sustainable natural world.

    Scotland’s natural assets contribute more than £40 billion to the economy and support around 260,000 jobs, according to new research. 

    The Importance of Natural Capital to the Scottish Economy report highlights the vital economic contribution the natural world makes to Scotland and highlights the value of the ecosystems and the services they provide. 

    Important industries such as agriculture, fishing and aquaculture, forestry, water, food and drink and renewables all rely upon the continued availability of high-quality natural resources.

    The research investigates the economic impact of natural capital, which is defined as “the renewable and non-renewable stocks of natural assets, including geology, soil, air, water and plants and animals that combine to yield a flow of benefits to people.” 

    The Scottish Government conducted the research to provide the most up-to-date reflection of the true value of nature to the Scottish economy, as it is often undervalued or not included in economic assessments. The study demonstrates the link between the threats to Scotland’s economic performance, and the economic opportunity associated with increasing nature dependent sectors.

    The Scottish Government’s National Strategy for Economic Transformation (NSET) makes clear that working with and investing in nature is a top priority of Scotland’s wellbeing economy. 

    Speaking while visiting Blackthorn Salt in Ayrshire, which produces salt through filtering sea water, Rural Affairs Secretary Mairi Gougeon said:  

    “This research reinforces the vital role of our natural capital in supporting many of our vital industries – a connection that is often under-represented when we look at economic performance. Blackthorn Salt is an excellent example of a business that is dependent on natural capital, using sustainable, traditional methods to produce an exceptional products that provides jobs and can be found in kitchens across the country and beyond.

    “The twin crises of climate change and nature loss are inextricably linked, nature offers some of the best ways to protect us from the worst impacts of climate change, so it is essential that we work with partners across the public sector and private investors to protect biodiversity and reduce our emissions as we support sustainable businesses utilising our incredible landscapes and ecosystems.”

    NatureScot Chief Executive, Francesca Osowska said:

    “Nature is vital for our quality of life and that of future generations. In Scotland we are fortunate to have rich and varied landscapes and habitats, with individuals and businesses willing to step up to the challenge of stopping nature loss with hard work and investment.

    “NatureScot is responding to this urgent need with leadership of vital programmes such as the £250m Peatland ACTION fund, the £65m Nature Restoration Fund and the innovative new Facility for Investment Ready Nature Scotland (FIRNS) which aims to both restore nature and benefit communities. “

    MIL OSI United Kingdom