Latest in Energy Highlight
Latest in Energy

Egypt to sign €300m loan agreement to develop Lake Qarun
EBRD, EIB, EU will provide the required financing for project

Decrease in dollar exchange rate would reduce planned increases in electricity prices: Shaker
When Siemens, solar energy plants enter service, tariff would improve

2017 saw leaps in natural gas production: Tarek El-Molla
Petroleum Ministry aims to highlight Egypt’s success stories at EGYPS conference

Egypt considers launching electrical connections with Ethiopia, Sudan
3 Egyptian companies intend to establish renewable power plants in Addis Ababa

Al-Sisi attends inauguration of giant Zohr gas field’s first phase
Demarcation of boundaries in Eastern Mediterranean with Cyprus contributed to completion of project, says Al-Sisi

EBSC demands cabinet allocate 2,400 acres in Brulus, Baltim
$15m potential annual revenues for state from project

Solar power companies fear distribution companies’ control over station installation
NCEDC obtained license from NREA, began implementing projects

EPRI provides studies, products that save electricity sector EGP 1bn: Al-Sabagh
We seek innovative solutions to help with future national projects, says Al-Sabagh

Development plans of electricity distribution companies through June
Implementation of Central Egypt Electricity Distribution Company self-investment plan at 70%

Schneider Electric intends to launch 3 smart cities
Plan to implement water desalination projects with capacity of 1m cubic metres per day over 5 years

5 projects achieve natural gas self-sufficiency for Egypt in 2018
List includes first phase of Zohr, North Alexandria

Petrobel to complete drilling 5 new wells in Baltim gas field by 2019
Atef Hassan, chairperson of Petrobel – Belayim Petroleum, said that his company will complete the drilling of five new wells and put them into production by 2019 as part of a plan to develop the Baltim South West gas field that began production this year. According to a statement issued by the Ministry of Petroleum, …

Finance Ministry to issue guarantees for solar projects in Aswan
EETC will buy energy from the solar power plants for 25 years at 8.4 US cents per kWh

TEPSCO prepares tender for automated control centres for 3 electricity companies
Parliament approved JICA $243m loan, sources say

Changing energy prices will transform transport sector in Egypt: Kouchouk
We adjusted economic indicators with IMF, inflation will reach 21% by end-June, says Kouchouk

Local companies request larger share in solar energy feed-in tariff projects
A number of Egyptian companies demanded an increase in solar energy feed-in tariff projects in Benban, Aswan. Those companies said that all participants in the Benban projects have signed deals with foreign contractors to carry out the construction work and supply components and solar cells to the new plants. They noted that a Chinese company …

Rosatom prepares to launch construction tender for Dabaa Nuclear Power Plant
Military Production Ministry takes part in bid awarding, contracting to take place in July

GE demands Electricity Ministry pay $148m
Payment due for maintenance, says source

8 coalitions bid for for operation, maintenance of Siemens power plants
List includes Orascom-ADERA, Elsewedy-EDF, Steiaj-PGESCO alliance

NBE to manage finances of Zohr gas field
NBE to manage finances of Zohr gas field

Petroleum Ministry expects 4% rise in local petroleum products consumption
Establishment, expansion of seven refineries

Petroleum Ministry aims to increase gas production by 19.53%
The Ministry of Petroleum is aiming to increase the average production of Egypt’s natural gas during this fiscal year by 19.53%, to reach 5.342bn cubic feet of natural gas daily, compared to 4.469bn cubic feet of gas daily throughout the past fiscal year 2016/2017, according to data from the ministry. Data reveals that the ministry …

Egypt to become regional energy hub in 2018
Ministry of Electricity will implement strategy of electricity connection between three continents

State Council reviews management services contracts for solar energy projects in Aswan
EETC to sign with Hassan Allam within two weeks

Electricity Ministry aims to save EGP 4.1bn in household consumption in FY 2018/2019
10% increase in electricity prices will reduce demand by 1.5%

GE demands Electricity Ministry pay maintenance dues
Arrears amount to $148m, liquidity shortage threatens delay in spare parts supply

Misr Petroleum eyes revenues of EGP 49.8bn next FY
We plan to buy 14 aircraft supply units, company says

Egyptian government buys EGP 10m worth of solar power from 129 individuals, companies
Electricity distribution companies paid EGP 10m to 129 individuals and small companies in return for electricity they produced from their solar panels until the end of last December, as part of the feed-in tariff programme. According to the Ministry of Electricity, the producers received cheques every three months, and the last one was issued last …

Wind farm negotiations with Siemens stop for 2nd time
3 scenarios expected, including reduction of capacities and postponement

Electricity Ministry plans adding 20,000 MW in 2 years
19.2m tonnes of mazut equivalent saved per year in fuel consumption at production plants