Operating loss has been reduced by €206 million to (€277) million, thanks to the €148 million EBITDA contribution as well as lower depreciation and amortization charges.
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In 2018, Industry & Other revenue amounted to €819 million, with growth remaining positive at + 5.7% and more sustained at constant exchange rates with an increase of 13.1%.
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Urbanisation brings with it rising demands for clean and pure drinking water and the governments of several developing countries are moving towards the use of stainless steel pipes in the installation of water pipelines for both domestic consumption and agricultural purposes. Governments across the world are also planning strategic initiatives pertaining to wastewater management to reduce water pollution and improve the quality of water by setting up effective industrial wastewater collection systems that incorporate stainless steel welded pipes. This is further expected to push revenue growth of the global stainless steel welded pipes market in the coming decade.
So over the next hour or so, we were kind of tiptoeing down this sewer collector, and it’s this big echoing pipe with a channel of sewage running down the center. And it was extremely intense. Occasionally there would be these jets of water coming out of the walls – and everything is magnified down there. So a jet of water would come come out of a pipe in the walls, and we would all freeze thinking that this is it. There’s a rainstorm coming.
No matter the pipe diameter, installations and repairs require cutting and weld preparations with counterbores (typically called ID transitions in the pipeline market) and flange facing. Machines that mount to the pipe’s exterior are indispensable, providing a platform for tooling that rotates around the pipe’s circumference, removing a bit of material with each pass until the cut or bevel is complete. They perform a cold-cutting process, generating little in the way of heat or sparks—a safety enhancement when working on lines that carry anything potentially flammable, like petroleum.
"They knew the city’s secrets," he says. "They knew the subterranean rivers and the abandoned subway stations and all of these places that the people on the surface never think about."
On November 6, 2014 a group of MISO transmission owners, including OTP, filed for a FERC incentive of an additional 50 basis points for Regional Transmission Organization participation (RTO Adder). On January 5, 2015 the FERC granted the request, deferring collection of the RTO Adder until the FERC issued its order in the ROE complaint proceeding. Based on the FERC adjustment to the MISO Tariff ROE resulting from the November 12, 2013 complaint and OTP’s incentive rate filing, OTP’s ROE was 10.82% (a 10.32% base ROE plus the 0.5% RTO Adder) effective September 28, 2016.
QR codes assist with tracking assembled components. Workers can also use their cellphones to scan QR codes via WeChat (China’s popular social media app) and watch animations of how to perform the day’s work.
Conservation: Since 1992 OTP has helped its customers conserve more than 4.7 million cumulative megawatt-hours of electricity, which is roughly equivalent to the amount of electricity that 398,500 average homes would use in a year and represents approximately 389% of the annual energy sales of OTP’s entire residential customer base.
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