Latest in Tag: energy Highlight
Latest in Tag: energy
Energy for all of Africa by 2030?
Almost two-thirds of people living in sub-Saharan Africa have no access to electricity. Even those who are connected to the grid often find themselves struggling with blackouts. In 15 years, this could change. In Zimbabwe, a country of 14 million people, the past two months have seen power outages that last sometimes 20 hours a …
IFC provides power to 10.7 million MENA customers in 2014
IFC’s contribution to energy sector aided in raising the region’s capacity with an excess of 10,000 GW
Frame of obligations set in power purchasing agreements’ final draft
Seller and buyers’ obligations for electricity have been defined in the final draft of the power purchasing agreement, which Daily News Egypt obtained a copy of. According to the draft, the electricity seller should design, procure, install, and test the production facility, as well as own it, operate it and maintain it. All electricity generated …
Russia to finance Egypt’s first nuclear plant
First nuclear reactors of Dabaa plant to be completed in 9 years: Al-Sisi
German companies interested in Egypt’s energy sector: Investment ministry
Joint committee of investors and government agencies to speed up business launching processes, says Salman
The end of brown-coal power in Germany?
Germany’s economics minister and energy companies have agreed steps towards taking lignite-fired power plants off the grid. The plan is to help Germany reach its climate targets – but environmentalists say it’s ‘weak.’ Economics minister Sigmar Gabriel of the Social Democrats and energy companies RWE, Vattenfall and Mibrag have agreed that starting in October 2016, …
NUCA finalises operation of 5 solar power stations
Stations’ energy capacity varies from 45 KWH to 90 KWH
Apple to invest in clean energy in China
Apple has said it wants to build more solar projects in China to reduce the carbon footprint of its suppliers, many of whom have been criticized for polluting the environment as demand for iPhones and iPads surges. Apple is taking steps to green its supply chain in China, saying it would work with its suppliers …
Greenpeace outlines plans for German coal exit
Greenpeace is serious about acquiring coal mines and power plants owned by Swedish utility Vattenfall in eastern Germany. But the environmentalists don’t want to pay anything. The operations, they say, are worthless. As the third-largest energy producer in Germany, Vattenfall looks for a way out of the coal business – Greenpeace is looking for a …
China takes stake in EDF nuclear project in Britain
French nuclear power plant operator EDF has reportedly signed a deal with two Chinese energy companies for a one-third stake in the next generation nuclear project at Hinkley Point in Britain. According to Paris-based newspaper Les Echo, French power giant EDF agreed to relinquish a 33.5 percent stake in its Hinkley Point nuclear project in …
Al-Sisi, Eni CEO discuss possibility of establishing gas hub
Both parties discussed forming a gas hub in eastern Mediterranean Sea to make Egyptian transport and export facilities available for nearby discoveries, says Italian giant
Banque Misr considers financing major sectors with EGP 43.5
Bloomberg awards the bank for being the best in marketing joint loans and financing projects in Africa for the third consecutive quarter
Schneider Electric aims to double growth within next 5 years: Executive VP
Company is following government’s master plan, which is investing in renewable energy, says Frédéric Abbal
Schneider Electric to submit proposal for a South Sinai solar energy project: Company official
Company participated with more than 50% in the country’s emergency plan to increase its generation capacity
Wind farm project remains under negotiations: Suez Cement MD
Company is still holding discussions with Egyptian authorities to ensure project is viable to be financed
Cabinet to seek upcoming parliament’s approval
Government committed to reducing the deficit, debt and raising growth rates
Actis announces exit of Globeleq Africa
Norfund acquired significant minority stake (30%) in Globeleq Africa for a final cash consideration of $227m. CDC transferred its interest into the new company
‘Rumours’ behind queues at petrol stations, no fuel crisis: EGPC
EGPC pumps 22,000 tonnes of fuel per day to petrol stations
Eni’s share value inches up after announcement of Egypt’s natural gas discovery
The value per share reached €15.2 after company’s CEO announced that he expected investments worth 6bn to $10bn for development of field
Bechtel seeks prominent role in Egypt’s infrastructure sector: David Welch
We as a company think that Egypt has been and will be a good place to work, says President of Europe, Africa and Middle East region
IFC commits $783m to MENA infrastructure in FY 2014/2015: Egypt director
There is much space for future PPPs in infrastructure, port expansions, and industrial and logistics zones, says Shousha
JBIC extends loans to Egyptian energy companies
Hydrocarbon, infrastructure sectors are most promising sectors in Egypt, says Middle East Chief Representative
IS in Tripoli claim car-bomb on Eni office day after Egypt gas discovery
Strike targeted a “den of apostates”, IS supporters said
Egypt’s OTMT, European REC to provide solar power integrated solutions
The implementation of solar power plants tends to be much faster than other types, such as coal and wind, says Senior Vice President EMEA at REC
Al-Sisi discusses economic cooperation with Singapore
Egypt’s President Abdel Fattah Al-Sisi met on Monday with his Singaporean counterpart, Tony Tan, and Prime Minister Lee Hsien Loong, and invited them to visit Egypt. Al-Sisi also discussed with Lee cooperation in the energy, water, technical education, investment and maritime ports sectors. During his meeting with Singaporean businessmen, Al-Sisi said that his visit expresses …
Egypt to gain 60% share of Shorouk franchise production: EGAS Chairman
The Egyptian Natural Gas Holding Company (EGAS) agreement with Italy’s Eni will see Egypt’s share of gas production from the Shorouk franchise increase to over 60%
Egypt to host ‘The Future of Energy in Egypt’ forum
Participants are meeting in response to Future Energy Corporation’s call to develop a roadmap that will transform Egypt into one of the top five energy exporters in the Middle East by 2030
Latest LED lighting innovations to provide new opportunities to policy makers: Philips Country Manager
Potential growth prospects provide a very positive outlook for the Egyptian market, says Abul Ghar
OPEC, Russia: ‘Oil market to stabilize’
The Organization of Petroleum Exporting Countries and Russia have said sharp drops in oil prices are unlikely to continue. At a meeting in Moscow, the two sides noted they expected the market to stabilize in 2016. OPEC and Russia expressed confidence the global oil market would become more balanced and stable in 2016 after recent …
EGP 500m to construct solar powered compound
MCR will run global tender to choose company that will be responsible for implementing 1 MW solar power plant