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Keble asbestos not a threat

first_imgKeble College has today confirmed that its vacation storage units are safe for students and staff to use, after conducting an asbestos survey earlier this week.Keble College Bursar, Roger Boden, has emphasised that the dangerous building material was properly managed at all times and never posed any risk to students. Use of the units for storage purposes will now continue as normal.Speaking to Cherwell, Mr Boden said, “As a routine part of this risk management we have commissioned surveys for the presence of asbestos of the units that are used for vacation storage. I am entirely satisfied that these areas are safe, both for our students and our staff. Managing the asbestos risk in buildings is a major long-term task that most owners of buildings face. There are comprehensive rules as to how the risk is to be managed.”A Freedom of Information request submitted this week by Cherwell has also revealed that at least four other colleges have asbestos or asbestos containing materials (ACMs) on site, at no risk to staff or students. These include Exeter, St Johns and St Edmund Hall, who confirmed that they have 31, 23 and 130 student rooms containing asbestos respectively. Queen’s College also said that they were aware of low risk asbestos sheeting within college property. All other colleges either confirmed that they have no asbestos on-site, or have yet to respond to the request.Like many 20th century buildings, asbestos was used in the construction of the storage space as a fireproofing and insulation material. Asbestos related risks on University and College property are managed by the Estates Service, which develops individual Asbestos Management Plans for individual colleges, as required by law. The University Administration and Services department also keeps a comprehensive asbestos register for all asbestos and asbestos containing materials (ACM).According to the Health and Safety Executive (HSE) website, “Asbestos materials in good condition are safe unless asbestos fibres become airborne, which happens when materials are damaged.” Most colleges carry out annual surveys of asbestos in consultation with specialist companies who provide expert asbestos removal services. Students moving into rooms containing asbestos must be legally be informed of this fact in writing. Since undisturbed asbestos poses no health risk, the presence of the material cannot be used by students as grounds to request new accommodation.One second-year Keble student, who wished to remain anonymous, said, “It isn’t really a problem that I worry about. Builders and workmen are the ones most at risk. It’s a case of out of sight, out of mind.”last_img read more

IDX Systems Corp Reports Fourth Quarter and Year -End Results

first_imgIDX Systems Corporation (NASDAQ:IDXC) reported results today for the fourth quarter and year ended December 31, 2002.Revenues for the fourth quarter ended December 31, 2002 were $122 million compared with $103 million in the fourth quarter of 2001. Revenues for the twelve-month period ended December 31, 2002 increased more than 17% to $460 million compared with revenues of$391 million for the same period in 2001. Revenues reflect the adoptionof EITF 01-14, and all periods presented, including 2001, have been reclassified to reflect this on a consistent basis.Fourth Quarter Results excluding special itemsIDX considers net income excluding special items to be the most relevant benchmark of the Company’s core operating performance.The Company reported fourth quarter 2002 net income of $5.0 million, or $0.17 per share, excluding a lease abandonment charge, compared with net income of $242,000, or $0.01 per share, in the comparable 2001 period, excluding a restructuring charge.Including special items Including a pretax lease abandonment charge of $9.2 million, IDXreported a fourth quarter 2002 net loss of $1.1 million, or $0.04 pershare, compared with a net loss of $13.8 million, or $0.48 per share, inthe comparable 2001 period, including a pretax restructuring charge of $19.5 million.The lease abandonment charge is related to asset impairment and rentobligations associated with the Company’s Seattle office, which carries alease agreement through 2005. IDX recently moved to a new location inSeattle and has been unable to secure a sub-tenant to assume its priorlease. As a result of the charge, IDX raised 2003 earnings guidance by $0.06 per share. The charge and corresponding increase in 2003 guidance was announced December 11, 2002.Year-End Results Excluding special items For the twelve months ended December 31, 2002, excluding specialitems, IDX reported net income of $13.3 million, or $0.46 per share,compared with a net loss of $7.6 million, or $0.26 per share, excludingspecial items and the Company’s ownership interest in Allscripts, an unconsolidated affiliate, in the same period last year.Including special itemsFor the twelve months ended December 31, 2002, IDX reported netincome of $10.0 million, or $0.34 per share including a $4.3 millionpretax gain on a sale of investment in a subsidiary and the $9.2 million pretax lease abandonment charge compared with, in the same periodlast year, a net loss of $8.6 million, or $0.30 per share, including a $35.5million pretax gain on a sale of investment in a subsidiary, a $5.8 millionpretax gain on a sale of investment, a $19.5 million pretax restructuringcharge, and a $17.5 million pretax loss associated with the Company’s ownership interest in Allscripts, an unconsolidated affiliate.Outlook and Guidance”We are very pleased with our 2002 results,” said Richard E. Tarrant, Chairman of IDX. “We clearly demonstrated our ability to provideleading solutions to address the increasing demands of the healthcare information technology market. Our core products have exhibitedconsiderable momentum this year, signifying our unique ability to connectparticipants in healthcare across the enterprise. We look forward to continued success in 2003.””IDX begins 2003 with firmly established traction in the market,” said James H. Crook, Jr, President and Chief Executive Officer of IDX.”Our ability to execute our 2002 plan, despite difficulties at EDiX, is aresult of our unwavering focus on providing the best solutions to help ourcustomers make patient access simpler, care safer and accounting morestreamlined. We expect this strategy to serve us well this year and beyond.”IDX remains comfortable with 2003 revenue guidance of $530 million. The Company is raising earnings per share guidance to $0.77 from$0.74 based on an anticipated lower effective tax rate of 30% related toutilization of certain tax credits. Prior earnings guidance had assumed a 33% tax rate. Guidance assumes no special items in 2003. Leading Solutions Address Industry Demands IDX recently announced new division and sub-brand names for its product portfolio:Flowcastis the new name for the Enterprise Solutions Division (ESD), home to IDXtend for the WebT, an integrated enterprise- wide, web-based business performance solution.Groupcastis the new name for the Systems Division (SD), which includes GPMST and represents IDX’s group practice product suite for mid- to larger-size group medical practices and physicians service organizations.Carecastis the new name for the Integrated Solutions Division (ISD) and is IDX’s integrated clinical/financial solution and physician order entry system.Imagecastis the new name for the Radiology and Imaging Solutions Division (RISD) and IDX’s line of products for enterprise medical image and information management, which includes an integrated RIS-PACS solution.EDiXwill remain the name of IDX’s transcription and coding services business due to its high existing brand awareness.Separately today, the Company announced it had signed an IDXCarecastT agreement with Vancouver Coastal Health Authority, thelargest health organization in Canada, and several significant agreementsfor IDX ImagecastT, its leading PACS and radiology informationmanagement solution. Fourth quarter revenues also included a number ofnew Flowcast solutions for Washington University School of Medicinein St. Louis, MO, where patient access and document imaging solutionsare expected to enable front-end workflow changes designed todramatically improve business performance across the organization.Other noteworthy agreements include a GroupcastT sale to CharterProfessional Services, an 18-location, multi-specialty physician networkacross Boston’s North Shore and an expanded agreement with UCLAHealthcare for EDiX services.last_img read more

Ethiopia approves financing for 100MW Assela wind farm

first_img FacebookTwitterLinkedInEmailPrint分享New Business Ethiopia:The Ethiopian Parliament this week granted its final approval for the loan agreement signed by Ministry of Finance and Danske Bank for financing for the 100 megawatts Assela Wind Farm Project.This marks the end of financial negotiations and the beginning of the execution phase of the Assela Wind Farm, financed by the Danish government. The project is about wind power generation of 100MW capacity from 29 wind turbines, and will harness a part of Ethiopia’s enormous wind potential. The wind farm is expected to generate 330,000KWh annually and supply sustainable power to over three million people, according to the press statement from the Danish Embassy in Addis Ababa.The signing of the loan agreement for construction of the Assela Wind Farm Project affirms the strong Ethiopian-Danish cooperation in the energy sector. Since 2017, Ethiopia has cooperated with the Danish government on the development of the Ethiopian capacity in green energy, especially in relation to expansion within wind energy and how to integrate flexible renewable energy into the electricity grid system.The cooperation between Ethiopia and Denmark is part of the Danish Government’s goal to create partnerships in obtaining access to energy and sustainable economic growth, in line with SDG 7.The contracting amount for the Assela Wind Farm Project amounts to approx. 146 million EUR, which Danida Sustainable Infrastructure Finance (DSIF) is funding through a concessional finance model consisting of a grant and a loan module. The Danish contribution accounts for approx. 95 million EUR, and covers the cash grant, interest subsidy and loan guarantee.The Assela Wind Farm will be located about 150Km south of the capital, near Iteya town in Oromia Regional State, and will be constructed by Siemens Gamesa Renewable Energy. Electric access in Ethiopia is low, with approx. 60 million – over half of its population left without access to electricity.More: Ethiopia’s Assela wind farm secures funding Ethiopia approves financing for 100MW Assela wind farmlast_img read more