Latest in Energy Highlight
Latest in Energy
First gas import license to be granted in 2018
An official source at the Ministry of Petroleum and Mineral Resources said that the executive regulation of the gas market regulation law is expected to be completed within the next month. According to the source, the members of the Natural Gas Market Regulatory Authority will be announced next month, while next month will also see …
EEHC pasys Siemens €4.8bn
The Egyptian Electricity Holding Company (EEHC) has paid €4.8bn to Siemens for its work at the Beni Suef, Bruluss, and New Administrative Capital power plants. An official at EEHC said that Siemens provided bills and they were approved and disbursed. He noted that EEHC will not postpone payments so that the company can complete the …
Egypt to stop importing gas by end-2018: EGAS
According to Vice President of the Egyptian Natural Gas Holding Company (EGAS) Magdy Galal, the company aims to stop importing liquefied natural gas from abroad by the end of next year. According to Galal, the Ministry of Petroleum owns the bulk structure that qualifies Egypt to become a regional energy hub. It owns the Sumed …
Authority will become ‘Sustainable Energy Authority’, will be holding company for asset management: NREA chairperson
Mohamed El-Khayat, chairperson of the New and Renewable Energy Authority (NREA), said that the authority is seeking to adjust its structure in order to cope with the requirements of the current period, as it has been decided that the company will be divided into two entities. The first will be named “Sustainable Energy Authority” and …
AfDB studies financing solar energy projects west of Nile
Two companies requested funding from bank, loans under $30m: El-Askari
Feasibility study for establishing industrial complex to produce solar cells
Cost of 7 factories on 3.5m sqm amounts to $2.3bn
Penalty will be imposed for delay in paying electricity bills
The electricity distribution companies intend to impose a fine on late bills, as debts have been accumulating.
Siemens to add 1,200 MW from New Administrative Capital plant to national grid
Siemens plans to add 1,200 MW to the national grid next month from three production units at the New Administrative Capital power plant. Siemens has started conducting operating tests for three production units of the New Administrative Capital power station, which will last for three weeks, and then will link the capacity to the national …
Egypt, Rosatom sign $21.3bn contract to establish Dabaa nuclear reactors: Shaker
The price of nuclear power is 80 piastres per million thermal units
Orascom Construction consortium reaches financial close for 250 MW wind farm in Egypt
CIB will act as working capital bank for deal
NREA negotiates with 5 banks to obtain EGP 1bn revolving loan
The New and Renewable Energy Authority (NREA) is currently in talks with five local banks to obtain a revolving loan worth EGP 1bn to finance solar power projects with capacities of less than 500 kW. Sources from the NREA said that it is negotiating with Banque Misr, the National Bank of Egypt (NBE), and the …
Egypt’s Gabal Al-Zayt wind farms to add 380 MW in Q1 2018
Siemens Gamesa will complete the implementation of its power projects soon
Lekela signs 250MW wind project with Egyptian government
Renewable power generation company to complete wind farm project in the gulf of Suez
Egypt starts experimental production from Zohr gas field
The Ministry of Petroleum and Mineral Resources began the pilot operation of Eni’s Zohr field, according to a press release by the Minister of Petroleum and Mineral Resources Tarek El-Molla. El-Molla said that the wells were opened and the experimental production of the field began on Friday to test the lines and the natural gas …
First batch of Dabaa Nuclear Plant loan to be received next month
Construction work to begin in 2020,
EETC poses 600 MW solar plant tenders west of Nile
Project will operate under BOO system
10 countries cooperate with Egypt on peaceful nuclear energy use
Checking El Nagila site to ensure it is suitable for establishment of reactors next month
Fuel production cost expected to increase allocated subsidies by EGP 30bn in FY 2017/2018
An official source at the Ministry of Petroleum and Mineral Resources said that petroleum product subsidies are expected to exceed the sector’s allocations in the state budget for the fiscal year (FY) 2017/2018. The expected rise comes as a result of the increase in global crude oil price as well as the dollar exchange rate …
Dabaa nuclear plant, SCZone: ambitions, plans ahead
Dabaa plant expected to provide over 20,000 jobs during construction period, 4,000 permanent jobs post-operation
Government propose 3 electricity companies on EGX in July 2018
Selection of three people to head the new companies out of 10 candidates, says El Desouky
Al-Sisi, Putin witness signing Dabaa nuclear power plant establishing agreement
Working on signing governmental protocol with Egypt to resume flights: Putin
Dabaa Nuclear Plant: economic concerns, potentials
Project cost up to $45bn before commercial operation
Government trains 75 technicians to work at Dabaa nuclear plant in 4 years
The school year began at Dabaa Technical School and will see the training of 75 engineering technicians. Over 1,200 students have applied to join the technical school while only 75 have been selected, 30 from Marsa Matrouh and 45 from all other governorates, a 40 to 60 ratio. Government sources said the selected students had …
Emirati Sandstorm produces 1st fully Arab car
Company imported seats, glass, batteries from Cairo, exports to Africa will take place through Egyptian market in 2020
Putin, Sisi to sign Dabaa nuclear deal on Monday
Russian visit will include signing contract to establish industrial zone, observers expect return of Cairo-Moscow flights by January 2018
SMEDA launches an EGP 100m-worth initiative to convert cars to natural gas
Small and Medium Enterprises Development Authority (SMEDA) signed two contracts worth EGP 15m on Wednesday with natural gas company Cargas to finance the project of converting cars to run on dual fuel, natural gas and gasoline, in addition to opening outlets for the engine oil sales. The first contract aims at converting 2000 cars to natural gas …
Total to add 9 gas stations next year
Gas regulation law increases company’s investments in Egypt, says LePetit
Gasoline 92 subsidy EGP 1.4 per litre: petroleum minister
State subsidy of gasoline 80 and diesel amounts to EGP 1.7 per litre
Electricity Ministry to offer 500 MW solar plant tenders next year
Projects under BOO scheme in Aswan, Minya
Shell dominates 19% of Egypt lubricants market
Saher Hashem, managing director of Shell Lubricants Egypt, said that the company’s share of lubricants market increased to 18.5-19% this year, up from 6.5% in 2008, despite selling the petrol stations it owned. Shell had sold all its stations across Egypt in 2013 to French company Total. According to Hashem, during a round table discussion …