Latest in Tag: electricity Highlight
Latest in Tag: electricity

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

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

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

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%

Electricity Ministry operates 6,400MW from Siemens power plants
Implementation across the three plants marks 92%

Dues owed by consumers for electricity amount to EGP 32bn
Arrears for fuel amount to EGP 65bn

Government seeks to use surplus electricity in construction, operation of desalination plants
Government negotiates with 5 companies, notably Schneider Electric, Siemens AG, for project implementation

Government holds meetings to increase electricity prices
Electricity subsidies will reach EGP 43.3bn in 2018/2019 budget

EEHC installs 250,000 electricity metres at 6 distribution companies as trial
The Egyptian Electricity Holding Company (EEHC) started to install 250,000 smart electricity metres in a trial across six electricity distribution companies. Ministry of Electricity Spokesperson Ayman Hamza said that the new step came within the electricity sector’s plan to provide electricity for all purposes through modern technological methods. He added that the use of smart …

Energy production projects: crises, financial burdens
Halting operation of “urgent plan” plants

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

Egypt targets 2018 to export electricity: minister
Ministry considers changing solar energy tariff for projects with capacity less than 500 kW

EETC, NIB agree to schedule EGP 32bn of arrears
Loans, interest, and fines scheduled at variable interest rate of 8-12%

Electricity transmission companies spend EGP 8bn to improve grid
Company is assessing 7 offers to modernise automated control centres, says El-Far

Details of electricity projects included in 2022-2027 plan
Investments amount to $20bn to produce 13,340 MW

Falcon to read 4 million electricity metres next December
The company gets a value ranging from 100 to 200 piastres per valid statement, says El Far

JICA finances automatic control projects of EEHC with JPY 10.7bn
First portion of the loan to be paid next week, repayment will be on 30 years, interest will be 0.01%

BNP Paribas arranges €98.5m loan to EETC
Loan will be used to finance the construction of the Samannoud and Abu Al Matamir transformer substations

EETC flares investments after turning energy shortage crisis into opportunities
Investments worth EGP 60bn during last year, EGP 82.5bn targeted by the end of the current fiscal year

Investment opportunities in energy sector increasing after economic reforms: Minister of Electricity
Investments of production, transmission, distribution will amount to $25bn until 2020

GE secures financial closure to build four substations that will connect 7 GW of power
The four substations will connect 6.5 million homes to the national grid

Egyptian-Chinese cooperation in electricity network construction in Upper Egypt
An Egyptian private company, Giza Misr, in cooperation with China’s Sino-Hydro Company, agreed to build a power line, Safaga, with a length of 105 kilometers and 220kV. Chairperson of Giza Misr Rabab Fayed said that the company decided to invest EGP 450m in the construction of 220kV in West Sharouk transformations and in the connecting …

Egypt electricity consumption worth EGP 12bn last month
Billing throws subscribers after first month of price increases

ECA looks into violations of 6 electricity distribution companies this week
Legalising violators’ situations, settling issues with citizens are the most prominent decisions expected: source

CPA gives 6 electricity companies a period of 1 month to adjust their conditions
Companies have required citizens to buy meters for the service

EETC contracts with Siemens to establish transformer substations in Sammanoud, Abu al-Matamir
The Egyptian Electricity Transmission Company (EETC) contracted with the Germany Siemens to establish transformer substations in Sammanoud and Abu al-Matamir to transfer the energy produced from Borollos power plant in Kafr Al-Sheikh. Chairperson of the Egyptian Electricity Transmission Company (EETC) Gamal Abdel Rahim said that the company is working on increasing the capacity of the …

Egypt studies 5 scenarios to benefit from electricity production surplus
The government will close old stations, open water desalination plants and launch electric trains

Government collects EGP 1.1bn from power thefts over 6 months
Electricity smart metres will eliminate power thefts: sources

Loans and long-term obligations on EEHC amount to EGP 200bn
NBE, Banque Misr , Deutsche Bank, BVR, EIB, and AFDB amongst the most significant investors

Cabinet discusses price of purchasing electricity produced from waste during its next meeting
Three companies waiting to approve the establishment of projects with offers not exceeding 140 piastres