Latest in Energy Highlight
Latest in Energy
EEHC meets Toyota Tsusho to establish $1.3bn power plant in Qena
MoUs signed during Al-Sisi’s visit to Japan to be activated within five months
24 solar power plants sell 1,183 KW of electricity to SCEDC
Ministry of Electricity and Renewable Energy plans to produce 300 MW from the small solar power plants in the first phase—via the feed-in tariff system—and 1,000 in the second phase
From engagement to marriage: Tesla eyes SolarCity
Visionary electric carmaker Tesla has announced it is aiming to buy US solar panel producer SolarCity with a view to creating a powerful clean-energy unit under one roof. Shareholders were divided over the takeover bid.
BP sanctions development of 1.5tn cubic feet Atoll field in Egypt
Early production will bring up to 300m cubic feet per day starting 2018
Solar Impulse 2 begins transatlantic flight
The solar-powered plane took off on the last ocean crossing leg of its round-the-world flight from New York early on Monday. If things go according to plan, it should arrive in Sevilla, Spain, on Friday.
Egypt LNG arbitration continues despite claims by Petroleum Ministry and Egyptian media
Egypt is still mired in an expensive and time consuming arbitration with UFG for providing natural gas to the domestic market.
Siemens, Gamesa merge to create wind power giant
Spanish renewable energy group Gamesa has agreed combine its wind power business with those of Germany’s Siemens in a deal that will create one of the world’s largest makers of wind turbines.
IEA says oil price unlikely to rise
The oil price is unlikely to rise much further, as inventories stay large and the market remains oversupplied – despite steady demand growth and production disruptions like wildfires in Canada.
Cheapest power in 2030: solar PV
Bloomberg New Energy Finance (BNEF) projects that in most countries, solar PV will be the cheapest form of new electricity generating capacity by 2030. It predicts several major shifts in power markets.
TBEA China awaits response from Electricity Ministry to complete loan of $500m from the Export-Import Bank of China
Offer expires after two months
Shell, Apache to complete gas production tests of Apollonia field in June
30 wells will be drilled to extract gas from limestone layers in Western Desert
Tarek Nour wins bid to launch electricity rationing awareness campaign
The company beat seven advertising agencies for the 3-year contract
Electricity Ministry delays payment date of solar energy cost-sharing agreement’s third instalment
A source at the ministry said investors were due to pay the third instalment of the cost-sharing agreement, worth EGP 9m, this month. However, it was delayed for 30 days after investors asked for an extension to pay the remaining value on the agreement
NSPO subsidiary chosen as smart electricity meter project consultant over Booz Allen Hamilton
Eight companies to submit their offers to supply 250,000 smart meters on 12 July
German cabinet puts brakes on clean energy transition
The German government has agreed on a new reform of electricity markets. It’s likely to slow down the transition to a clean energy future, removing wind from the sails of the German Energiewende. Critics are appalled.
BP announces new discovery in Egypt’s East Mediterranean
The discovery is located 12 kilometres from the shoreline
Market controlled by expansion in gas imports: Ministry of Petroleum
The Gulf’s support reduced the pressure on the budget and stabilised consumption in factories and homes
Al-Sisi’s motive to eliminate power outage crisis in two years
Signing new projects and providing fuel to plants are among the most prominent directives of the president
Germany’s renewable energy reforms ‘a step backwards’
Germany’s renewable energy reforms ‘a step backwards’
Record-breaking year for renewable energy
A new renewable energy report shows that around the world, $286 billion was invested in renewables in 2015 – the most ever. But the head of the network behind the report says that’s not enough to protect the climate.
Japan to cut emphasis on nuclear in next energy plan
Japan is rethinking its energy diet and could announce a shift away from nuclear power as soon as next year. Scrapping nuclear would mean more renewable energy generation, but also a heavier reliance on coal.
Al-Sisi approves Russian loan agreement worth $25bn to establish nuclear plant
The station includes four 1200 MW capacity power units to be implemented over 7 years
Operating profit rises at RWE, so does net borrowing
German energy giant RWE has posted better-than-expected earnings for the first quarter of the year. But the utility continues to grapple with slumping electricity prices and the nation’s gradual exit from nuclear power.
87 investment alliances ready to operate in renewable energy
Egypt is an ideal model for attracting companies operating in the solar power sector, says Acwa Power Egypt director
Government presents plans to create competitive investment in Egypt’s electricity market
Smart meters reduced water consumption by 40% and electricity consumption by 26% in Madinaty: Afify
After long delay, Egypt plans to gradually increase electricity prices over five-year period, Mashaly
The cost of production for one kilowatt-hour is currently EGP.79 while the sale price is EGP.39
Kaco New Energy targets investments of $ 500m in Egyptian market during 4 years
Kaco has partnerships with Italian and Chinese companies, in addition to Orascom Construction Industries SAE in Banban
Egypt has 16th largest gas reserves: Edison chief executive
Egypt has the potential to become a regional center in the Mediterranean due to its strategic location, infrastructure and qualified ports for the export and import of oil and gas”, says Monti
Scatec Solar pumps investments worth $650m into 5 solar energy projects: CEO
Negotiations with seven international banks to finance 70% of the project, most notably IFC and EBRD
As linking projects stall, energy companies see production rates fall
Egypt’s average production of natural gas declined to 3.8bn cubic feet per day