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EETC to increase investors’ cost shares in Benban project by 25% each

The Egyptian Electricity Transmission Company (EETC) intends to increase the cost share of each investor in the solar energy project in Benban, Aswan by 25%, a source at the company told Daily News Egypt. Investors were verbally notified of the raise a week ago, the source added, stressing that an official letter will be sent …

Mohamed Farag

Petroleum Marine Services signed 35 contracts worth EGP 298m in 2018

El Sayed El Badawy, head of the Marine Petroleum Services Company, has signed 35 contracts during the past year worth EGP 298m, which is one of the highest contracts in the history of the company. In addition, the company also purchased new assets in the marine unit for transportation and supply. El Badawy explained that …

Daily News Egypt

Increase in cleaning fees on electricity bills in July

The government is planning to increase the value of cleaning fees, and will be included in the electricity bills. According to government sources, the cleaning fee is determined based on the value of consumption and geographical scope, and will increase with the increase in the value of electricity consumption segments to be implemented in July, …

Daily News Egypt

New study indicates high potential for gas discoveries in Red Sea

The results of recent geophysical data analysis in the Red Sea carried out by Schlumberger in cooperation with Ganoub El Wadi Petroleum Holding Company (Ganope) revealed a 70% potentiality for new natural gas discoveries according to a seismic survey. A source from the petroleum sector told Daily News Egypt that the analysis have shown that …

Mohamed Adel