Latest in Tag: energy Highlight
Latest in Tag: energy
Suez Cement net profit down 61.8% YOY in 1H of 2015
Company’s Q2 net profit registers EGP 60.9m
Significant changes in FY 2015/2016 budget revenues
Estimation of Suez Canal revenues similar to last year, despite completion of new Suez Canal project
Egypt’s power supply gets an encouraging boost
By Oxford Business Group A $9bn deal inked in Egypt will give a substantial boost to the country’s electricity generation capacity, helping the government address power shortages and support a growing population and economy. On 3 June, German industrial conglomerate Siemens agreed to a deal to supply gas and wind power plants that will …
Arabian Cement completes latest addition to alternative fuel processing
ACC currently has a designed fuel mix of 70% coal and 30% alternative fuels
Egypt’s economy needs FDI push for its flat battery: British Ambassador
British investors demand fair treatment from government, competition to be opened up in private sector, says Casson
Egypt on right track to reform energy file with support of political leadership: Expert
Al-Sisi’s government made bold decisions, including opening door for private sector to produce energy, import gas, and restructuring subsidies, says Hossam Al-Garhy
Ministry of Electricity studies GE offer to build new energy generation centre
The project is to be built in Helwan to add 4,500 MW through combined cycle technology
Bank Audi earnings rise 63.2% in Q1 2015: Deputy Chairman
Bank provided loan worth $90m to EEHC for emergency plan to solve electricity crisis in summer of 2015
Egypt needs an energy mix with various sources
42% of electricity capacity spent in domestic use, only 35% goes to industrial use
Diminishing conventional energy sources versus economy growth
By the rate of consumption of crude oil which is around 4.5bn tons per year from 2010, and which is growing every year, oil is expected to be depleted by the year 2050.
Electricity storage is Egypt’s major challenge to renewable energy expansion
Assembly to be established to save energy produced by solar and wind stations by end of 2015, says Galal Osman
Shell, Apache to start first shale gas production next February: EGPC Chairman
Second well in Apollonia field to be linked to national gas network in 2H of 2016
NGOs criticise amendments on using coal
Environment ministry to expand use of coal in unlimited number of industries
90% of cement factories agree to use coal in their production: Industrial Development Authority
‘Egypt Coal’ conference launched Monday
EGP 750m investments for Taqa Arabia in 2015: Executive Chairman
Company is executing 150MW capacity power plant to use gas in oil fields
AfDB to provide electricity for 33.7 million people in Africa in 2014–2018
Overcoming Africa’s energy deficits will require investments of more than $60bn every year until 2040, report read
Shoukry to attend Nuclear Non-Proliferation conference
Egypt has pushed for a nuclear weapons-free Middle East since 1970s
Toyota Tsusho to invest $1.5bn in Egypt
Areas of investment will be in energy and exploration sectors
Italcementi currently focused on energy diversification: CEO Carlo Pesenti
The company is working on converting two of its facilities to coal
Egypt will recover if energy shortage is resolved to improve sluggish industry, says Al-Zorba
The government’s economic policies are still shrinking, while the Egyptian industry sector is suffering sluggish activity. The economy has to be encouraged to overcome the challenges of aggravating budget deficit and inflated debt, according to Former Federation of Egyptian Industries Chairman Galal Al-Zorba. He added that industrial sector reform is the only means to eliminate …
Business leaders await definitive steps in economic transition
‘We are optimistic about economic reforms,’ leaders say
EGP 2.5bn to be injected in logistics, energy, transport, agriculture: Naguib Sawiris
I will not take part in proposed projects, and I don’t like partnerships with the government, top businessman says
Siemens to invest in Egypt
The company will build traditional and wind power plants
Negotiations with Eni to execute $5bn project in next 3 years: Petroleum Minister
695,000 barrels of oil production, 4.7bn feet of gas daily for FY 2015/2016
Ministry’s Safaga Industrial Port in line with policy limiting mineral exPorts: Abdel Nour
New Investment Law offers incentives for foreign investors including obtaining energy at low prices, industry minister says
In Video: Egypt oil and gas conference discusses energy issues
Video by Omar Korashi and Mohamed Anwar
Qalaa Holding seeks to raise $300m from projects’ exits
The company exited Bank of Sudan, Sphinx Glass and Pharos Holding
Invest in better energy technology to fight climate change
By Dr. Bjørn Lomborg Climate change has certainly received immense exposure among the most eminent issues of the 21st century so far. The United Nations (UN) Secretary-General, Ban Ki-moon argues that it is “an existential challenge for the whole human race”. On the other hand, when over seven million people were asked by the UN what …
Russia vs China: The biggest slice of yellowcake
Putin’s visit to Egypt raises major questions regarding funding for Egypt’s potential nuclear energy programme
Desalination and the solar solution
By Ahmed S. Nada Nobel Laureate in Chemistry, the late Richard Smalley, once ranked the “top 10 problems of humanity for the next 50 years”. Interestingly, energy and water came in first and second on that list. His rationale for energy featuring at the top was that most, if not all, of the other problems …