Latest in Tag: NREA Highlight
Latest in Tag: NREA
Authority will become ‘Sustainable Energy Authority’, will be holding company for asset management: NREA chairperson
Mohamed El-Khayat, chairperson of the New and Renewable Energy Authority (NREA), said that the authority is seeking to adjust its structure in order to cope with the requirements of the current period, as it has been decided that the company will be divided into two entities. The first will be named “Sustainable Energy Authority” and …
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 …
25 companies close to complete financial closure of solar energy projects
Mohamed El-Khayat, Chairman of the New and Renewable Energy Authority (NREA), said that 25 companies are close to complete the financial closure of solar energy projects in the second phase of the feed-in tariff system. He told Daily News Egypt that the indicators of the projects look very promising, where 22 companies signed the land …
Investors seek to acquire solar energy projects in feed-in tariff
Prices range between $2m and $5m per company, decided based on the volume of studies and licensing
NREA poses tender for installation of windmill mid-2017
Project expected to cost €345m with funding from AFD, KFW, and EIB
20% target of renewable energy sources remains following flotation: NREA head
The target for 20% of Egypt’s power requirements to be generated from renewable sources will remain unchanged following the flotation of the Egyptian pound, according to Mohamed El-Sobky, head of the New and Renewable Energy Authority (NREA). El-Sobky hopes the flotation will not affect investors’ desire to invest in Egypt. He added that the new …
NREA recovers lands of feed-in tariff projects from 5 withdrawing companies
The New and Renewable Energy Authority (NREA) has recovered the lands of the solar energy projects in Banban, Aswan from five companies that have withdrawn from implementing the project. Sources in the NREA said that the authority has recovered 5 sqkm from Abdul Latif Jameel Company, Enel Green Power, Cairo Solar, Orascom Telecom, and Triangle. …
NREA to offer tender for solar plant in Kom Ombo, operations to start next year
The French Development Agency is financing the project with €40m
Electricity Ministry discusses financing 2nd phase of feed-in tariff with international institutions
Top financing banks include IFC, EBRD, GIZ, EIB, and AFDB
NREA receives 5 new offers from foreign banks to finance Siemens wind plant
The New and Renewable Energy Authority (NREA) received five new offers from international banks to finance the first phase of the wind plant implemented by the German company Siemens, with a capacity of 2,000 MW and investments of €2bn. An official at the authority said that the new offers were sent to the Central Bank …
NREA prepares tender for 20MW-capacity solar power plant in Hurghada
JICA has proposed to finance the project, which was presented to parliament on Monday
NREA, Acwa Power sign MoU to establish solar, wind plants
$12bn investment to produce 10,000 MW in 5 years, says Abunayyan
NREA aims to secure €180m for Siemens wind farm
Siemens will also establish a factory for the production of wind turbine blades with self-financed investments of €100m
‘Al-Motaheda’ makes offer to NREA to supply water to Benban projects
The CEO of the renewable energy agency discusses providing a plot of land for parking in Aswan
NREA called on Irrigation Ministry to provide water for Benban’s solar projects
Nile water is ruled out and to be replaced by wells
NREA calls on Benban investors to obtain new licenses from military
Maximum waiting period for approval is three months, cost has yet to be determined
NREA signs agreement to offer lands with 7 companies next week
List includes Inara, Bareeq, Adenium, Smart Green Holding, and IRI
NREA offers tenders for solar, wind energy plants within weeks
Resumption of executive procedures of Siemens projects with capacity of 2,000 MW, says Sobky
Building Energy signs $200m project for 2 50 MW solar plants in Egypt
The project’s construction will start in summer 2016 and will take 12 months, creating over 1,000 jobs
Government financial bodies suffer EGP 10bn losses
Financial bodies were unable to meet revenue target and fell behind by 9%.
Ministry of Electricity to receive bids for construction of first solar power electrical plant
23 Egyptian and international companies to take part in tender
Minister of electricity seeks to fulfil 20% of energy needs using renewable sources by 2020
Agreement signed between New and Renewable Energy Authority and Arab Organisation for Industrialisation
Government offers land for wind energy projects
The New and Renewable Energy Authority to issue a bid round for wind energy projects