Latest in Highlight

Advertising Area





Latest in


NREA, Lekela sign usufruct agreement to establish wind farm

The New and Renewable Energy Authority (NREA) has signed a usufruct agreement with Lekela Power to launch a wind farm with 250MW capacity in Suez governorate. Chairperson of the NREA, Mohamed El Khayat, told Daily News Egypt that the company has received the land allocated for the project upon a usufruct agreement signed in Suez …

Mohamed Farag

NREA should be separated from Electricity Ministry: CES founder

The government’s plan to turn Egypt into a regional energy hub is a good initiative, but needs two things,  first enhancing the electricity grid with more substations to be able add more renewable energy projects, the second thing is having a clear regulatory framework to attract more investors to the local market and that can …

Ahmed Lamloum

NREA pays EGP 180m of debt to NIB

The New and Renewable Energy Authority (NREA) paid EGP 180m of its EGP 3bn debt to the National Investment Bank. Mohamed El-Khayat, head of the NREA, told Daily News Egypt that debts have been accumulating since 2007 and repayment was agreed to be rescheduled over 10 years starting this year. The NREA has thus paid …

Mohamed Farag

NREA negotiates with 5 banks to obtain EGP 1bn revolving loan

The New and Renewable Energy Authority (NREA) is currently in talks with five local banks to obtain a revolving loan worth EGP 1bn to finance solar power projects with capacities of less than 500 kW. Sources from the NREA said that it is negotiating with Banque Misr, the National Bank of Egypt (NBE), and the …

Mohamed Farag