Latest in Energy Highlight
Latest in Energy
Egypt prepares to reprice electricity in July
Initial features indicate slight increase in prices, not affecting low-income
Government’s amendment to oil agreements, price review prompt industry to rise again: Shell
Shell Egypt’s total natural gas production level is 350m cubic feet per day, says Moataz Darwish
EETC invites 7 companies to bid on constructing Egypt-Saudi interconnection electricity line
The sources pointed out that the list of companies that were invited are the same as those participating in the cancelled tender, which includes El Sewedy, State Grid, Kalpataru, Hyundai, NCC, L&T, and KEC.
12 companies compete for 200 MW west Nile solar plant
Investors agreed to participate and paid soil tests fees
Minister of Petroleum, Apache CEO discuss increasing production in Western Desert
El-Molla, Somali counterpart sign bilateral cooperation MoU
Gaston debuts truck-to-tank gas transfer in Egypt with EGP 150m investment
Company starts constructing 6 giant mobile tankers with different capacities
Egypt agrees price indexing of Mediterranean’s El-Borg concession capped at $5.88/MMBtu
Previous price was $2.5/MMBtu, says source
Egypt-Sudan power interconnection to start operation this month
The initial capacity of the project will be 50MW, and then will increase to 100MW in the second phase. The maximum capacity will be 300MW.
Shell to receive offers to acquire concessions in Egypt, other countries
Company is seeking to expand the search for oil and gas in offshore sites: Source
First domestic solar panel production project in Edfu under discussion
Land allocation in Zaafarana, exploiting a Public Enterprises Ministry land in Edfu for the project
Oil sees 4th weekly decline; Brent crude falls to $56.66/barrel amid Coronavirus fears
OPEC expedites its meeting to deal with falling global demand for crude oil
Schneider Electric receives global recognition for its sustainability commitment
More than 7,500 companies were evaluated in Corporate Knights’ Global 100 list based on 21 key performance indicators covering resource, employee, and financial management; clean revenue; and supplier performance.
Egypt aims to issue unified regulation of electricity supply
A source from the agency told Daily News Egypt that electricity distribution companies were conducting standardised measurements up to 5000 kVA, but each company had its own rules for transformer stations, contracting capabilities and measurements, and procedures and rules.
Electricity Ministry collects EGP 1bn bills via e-payments December 2019
About 8.725 million subscribers were able to pay their electricity bills electronically in December, and the ministry seeks to expand in electronic payment services in the coming period.
Alfanar to start smart meter installation in Saudi Arabia
Company to install 10m meters by 2023 at cost of SR 9.5bn
IPP system attracts foreign companies to invest in local energy projects
Electricity Ministry receives requests to establish IPP projects with $2.5bn investments
Egypt, Exxon Mobil sign two Mediterranean exploration agreements
Company to start exploration in two blocks with $332m in investments
EEHC pays EGP 27.3bn to EGAS for 6 months’ worth of fuel
EGAS dues exceeded EGP 165bn end of 2019
Empower negotiates with Saudi firm over $28m waste-to-energy plant
Tariff set at 12 cents per kW/h, 70% of costs to be financed by Saudi banks
Egypt’s gas consumption to surge 375m scf/day in FY 2020/21
Power plants account for 78% of additional gas consumption: source
Egypt’s Electricity Minister to visit DR Congo over Inga Dam project
Egyptian companies announce their readiness to take part in project, including Orascom, El-Sewedy
Electricity Ministry seeks more foreign contributions in energy projects
Interconnection projects with Sudan, Saudi Arabia, Cyprus, and Greece to be concluded this year
Grid parity remains main issue facing MENA renewable energy projects: MESIA
Most of Egypt’s PV solar projects curbed by intermittency, further development will depend on storage capacity increases
B-Electric to construct solar power plant in Zafarana
The three companies technically qualified in the tender included Nary, B-Electric, and Vikram, but were excluded due to technical reasons. The NREA examined the offers submitted in cooperation with Antec consultant to implement the project’s station.
9 oil, gas search agreements signed at $452m investment in Mediterranean, Western Desert
The first agreement in the East Horus region, Western Desert, is with the Egyptian General Petroleum Corporation (EGPC) and Shell, comes at a minimum investment of approximately $24.5m, and a signature grant of $23m to drill five wells.
Ramboll alliance close to winning consultantship for West Nile solar site
Sources told Daily News Egypt that the companies eligible to implement the project chose the alliance after competing with two companies. The project will be awarded after the approval of the Egyptian Electricity Transmission Company (EETC).
Optimism among energy investors amid demands to accelerate tenders, projects
ACWA Power to start establishing “Luxor” and “Kom Ombo” stations with 2.45GW capacity
A positive outlook for renewable energy investments in Egypt
Energy needed for 1.5m-feddan reclamation project estimated at 2GW: Al-Sobky
Finishing procedures, resolving renewable energy projects with a capacity of 1350 MW this year
The authority seeks to attract foreign direct investment and facilitate procedures: Khayat
Egypt will stop collecting cleaning fees on electricity bills starting July
Egypt Sovereign Fund is still selecting a consultant for the evaluation of Siemens power plants