Latest in Tag: energy Highlight
Latest in Tag: energy
Gas prices increase to $8 per million BTUs for cement industry
An official source from a cement company who requested anonymity anticipated cement prices to increase in the coming days due to higher production costs.
ABB targets sales increase to EGP 2bn by yearâs end
Swiss electrical hopes to raise sales in Egyptian market by 10% to EGP 2bn by the end of 2014
Tourism industry to remain unaffected by subsidy cuts: Experts
The number of tourists in 2013 was 10.6 million, a reduction of 16.7% on 2012. The total number of nights spent by tourists also declined to a drop of 27.9% from the same period during 2013.
There is energy momentum in Africa: Kandeh Yumkella
 Under-Secretary-General Kandeh Yumkella is the Special Representative of the UN Secretary-General and Chief Executive for the Sustainable Energy for All initiative. His job is to mobilise global commitments and partnerships to, among others, promote clean energy economy and generate jobs. Prior to his appointment, Mr Yumkella had served as director-general of the UN …
Climate change, diminishing of conventional energy, and economy growth
By Eng. Hisham Farouk Mostafa In 2001, the German government greeted delegates from all over the world to Bonn in the first conference discussing climate change and the diminishing of conventional energy sources. A series of summits have since been held globally and based on the Kyoto protocol, signed in 1997. That human activity is the …
UNIDO to provide studies for clean coal usage in Egypt
Agreement regarding clean coal usage to be signed between UNIDO, industry ministry, knowledge management officer says
Reforms will help curb budget deficit: Mehleb
Outgoing Prime Minister Ibrahim Mehleb said the government has presented a âboldâ budget for the coming fiscal year which will overhaul the energy subsidy system
Introduction of new gas wells will reduce power outages: Petroleum minister
A large part of foreign contracting for importing liquefied natural gas has been completed.
Reducing energy subsidies is âgoodâ but may raise prices: Egyptian Steel chairman
Investors welcome the move to reduce energy subsidies, but ask government to protect the poor from expected price jumps through social programmes
Nuclear energy platform will see immediate start: Al-Sisi campaign
Al-Sisi’s electoral platform not limited to solving energy crisis with replacement of household light bulbs, which sparked wave of ridicule on social networking sites
Big Rental sells gas, butane-powered electric generators during energy shortage
This means that citizens who use gas lines connected to their place of residence to run on electric generators can face legal repercussions under criminal law.
Suez Canal development plan to be presented in January 2015: SCA official
Suez Canal Authority expects consortium tasked with preparing the plan to be announced soon
Decision to use coal in cement industry is irreversible: Mehleb
Prime minister denies reports that Suez would be transferred to the authority of Cairo governorate
Scottish trade mission visits Cairo and Alexandria
The delegation is comprised of eight companies considering potential projects in the energy sector, the British embassy in Cairo says
Use of coal would require EGP 140m investment: South Valley Cement
Cement company says it is aiming to increase investments in order to double its production capacity
âUse of Coalâ trial postponed to 24 May due to ministerâs absence: Administrative court
Sources at the Ministry of Environment say the cabinet has been pressuring Minister Laila Iskander to not attend the session
The energy rebound dilemma and the age of consumerism
By Eng. Hisham Farouk Mostafa Despite great efforts to increase energy efficiency, the reflection on energy consumption has not been as expected. Improved efficiency rebounded into greater consumption through the manufacturing of higher quality products, which led to an increased rate of energy consumption to achieve higher performances. In the automotive industry, there was hard work …
Committee to determine ministriesâ coal monitoring responsibilities
Egyptian ministers seeking to maximise the reliance on RDF and agriculture waste, along with coal, in energy mixture
Egypt’s debt to foreign oil firms up at $5.7bn
Reuters – Egypt’s debts to foreign oil companies operating in the country rose to $5.7bn by the end of March, the head of the state-run oil company told Reuters, up $800m from the government’s last reported figure despite recent repayments. Money owed to foreign oil majors including BP and BG Group totalled $4.9bn in December, indicating Cairo’s debts to …
Coal usage scrutinised by experts and researchers
Effects of coal usage on the lives of Egyptians addressed in a symposium
Ministry of Housing invests in solar power to counterbalance electricity shortages
The government âwill not be able to prevent electrical power cuts,â but promises to reduce energy consumption
Mideast consortium agrees $500m National Petroleum Services buy
Reuters – A consortium of Gulf-based investors including Fajr Capital and Arab Petroleum Investment Corp (APICORP) have agreed on a deal to acquire Dubai-based oilfield services firm National Petroleum Services, Fajr said on Tuesday. The transaction, which is expected to close in the second quarter of 2014, is valued âin excess of $500mâ, it said …
Egypt to lift natural gas prices for homes, businesses
Price hike only affects users connected to gas grid, most citizens not connected to grid
NGOs âdeeply dissatisfiedâ with decision to use coal as energy source
Four NGOs warn that decision will have âdevastating consequencesâ on health and economy
Cabinet tackles energy, construction issues; investor disputes
Cabinet approves investor settlement and petroleum agreements, allocates money for electricity and construction
AFDB to increase lending programme to Egypt in 2015
African Development Bank says it will continue providing assistance to Egyptian government in the form of loans and grants
Egypt energy subsidy bill to rise by 10-12% next year: Minister
Reuters – Egyptâs Finance Minister said on Sunday spending on energy subsidies next year will be 10-12% above the EGP 130bn ($18.66bn) budgeted for the current fiscal year, unless immediate reforms are made. Successive governments have stressed the importance of reducing energy subsidies, which account for more than 20% of state spending, but none have …
Egypt’s 2014 energy deficit originally expected for 2022: Government official
By 2022, energy usage should be reduced by 10%, says head of energy efficiency department in the Information and Decision Support Centre
Ministries of Electricity and Petroleum form agreement for provision of alternative fuels
The electricity sector currently operates at 86% of its capacity, while maintenance and operating deficiencies account for the remaining 14%.
Electricity usage awareness campaigns to commence in May
The energy and electricity ministry aims to ration electric power consumption by 20%