Latest in Energy Highlight
Latest in Energy
EEHC aims to implement asset management programme to curb financial burdens
Law allows offering 49% of ownership to private sector, says Salmawy
Electricity Ministry aims to obtain land plot for pumped-storage plant
The technical aspects of the project were reviewed in cooperation with Artelia, which is responsible for the consulting work of the project.
Egypt considers two takeover offers for Siemens power plants
Government sources told Daily News Egypt that the ministerial committee, formed in accordance with the decision of the prime minister no 605 for 2019, received the purchase offers from Blackstone and Edra Power on Monday.
Egypt requires guarantees to approve BP’s GUPCO stake sale to Dragon Oil: source
The final approval of the deal will take place after Dragon Oil confirms adherence to the deals signed by BP in the concessions of GUPCO, a source at the ministry of petroleum told Daily News Egypt.
Solar power plants’ auction scheme to be ready in August
Sources at the ministry of electricity told Daily News Egypt that the IFC will set the controls and the mode of presenting the offers and their assessment, given that the auction system will be implemented in Egypt for the first time.
Egypt saves $350m by improving energy efficiency: Petroleum Ministry
Joining World Bank’s Zero Routine Flaring by 2030, says source
New electricity tariffs will save EGP 16bn from overall electricity subsidies in FY 2020: Beltone
The note added that the prices for higher consumption brackets, above 1,000 kW, remain unchanged at EGP 1.45/kW, as they already pay above the production cost of EGP 1.22/kW.
Egypt, EuroAfrica agree to implement interconnector cable with Cyprus, Greece
With regard to the electrical connection with Sudan, she explained that all the works and lines of the project have been completed, and the current phase is supposed to be the experimental operation, but it was postponed because of the unstable political situation in Khartoum.
Households electricity prices hike by EGP 4-93.5 per month
EGP 17bn proceeds of Electricity sector from price increases
El-Molla inspects situation to implement expansion of SIDPEC, Midor
Midor expansion project will achieve 60% increase in production capacity, says ElKareish
Oil surges above $72 per barrel awaiting regional political movements
Bank of America expects Brent to rise to $90 per barrel
Egypt seeks to increase gas production to 7.95bn scf/day in FY 2019/20: petroleum ministry
New projects to compensate natural decline of gas fields, estimated to be 10%, says source
Egypt to announce new electricity prices within days
EGP 1.14 per kW/h for LV consumers, EGP 0.75 for UHV consumers
Khartoum’s political unrest casts shadow over Egypt-Sudan electrical interconnection
A delegation from Sudan was supposed to visit Egypt and start the project but this has not happened so far.
Oil prices jump $0.90 per barrel, following Aramco pipeline, two Saudi oil tankers attacks
Political moves resulting from these attacks will affect oil market, says expert
Saudi oil-pumping stations attacked by drones
Houthi-run Al-Masirah TV cited military official saying seven drones staged attacks on vital Saudi installations
Benban investors, EETC dispute over cost-sharing hike threatens project
Cost-sharing value up 130%, companies hint at possible resort to arbitration
EETC to negotiate with ACWA Power over Kom Ombo solar plant
Company sells energy at 2.75 piasters, contracts to be signed in August
Saudi alfanar eyes $1.6bn worth renewable energy projects until 2021
Company intends to launch a wind farm in Egypt with investments of $250m
Petroleum ministry aims to develop 11 gas projects with $18bn investments until 2023
New gas discoveries will contribute to connecting 2bn scf/day to national grid, says source
Cabinet approves amendments to Mineral Resources Law, sends it to parliament
Amendments approved by concerned authorities to be discussed in parliament on Tuesday, says source
New electricity tariff to be imposed in July
electricity pricing schemes to be submitted to cabinet for approval within weeks
Gas Market Regulatory Authority shall transfer 25% of its revenues to the Ministry of Finance
Authority follows commitment of companies to licensed activity to regulate gas market: Source
Government completes renewable energy direct sale regulations in September
Arab, international companies awaiting approval to build projects worth $3bn
Electricity Ministry negotiates with Eni to launch 200MW solar plant
Sealing deal depends on reaching agreement to purchase produced energy for 2.7 cents per KW/h
Egypt’s gas consumption to increase to 7.3bn scf/day next year
Energy needs of growing markets met by connecting wells of Zohr, North Alexandria, says source
Fees for land lease fixed at 2% of annual production: Fouda
We call on companies to invest in renewable energy, transform Sharm El-Sheikh into green city
Negotiations with hotels in Sharm El-Sheikh to sell electricity produced in second phase
Tawakol: 80GW/h expected to be contracted with tourism sector
Daily News Egypt visits first solar power plant within Sinai development programme
Schneider Electric completed implementation of plant’s first phase
Egypt’s energy reforms paves way to private sector, attracts $2bn investments: Malpass
Benban’s success can be replicated in transport, water, sanitation sectors, says WBG president