Latest in Energy Highlight
Latest in Energy
Oil prices have recently been boosted not only by hopes that demand will soon return, but also by massive voluntary and involuntary production cuts
Contract will see construction of 20km, 500 kV line as part of plans to develop national electricity network
Pilot phase saw two mobile transformer stations built in the town
Oil prices fell as WTI for June delivery dropped $0.57 to $23.99 a barrel, while Brent crude for July decreased $1.25 to $29.72 dollars a barrel
EgyptERA has extended the power generation licence of Midor Electric Company (MIDELEC) for a year. It has also renewed power distribution licences of Madinaty Electromechanical Energy and Tropi 2 for Tourism Development.
Supported by Egypt-PV, new plant to output 154 MW annually
Company’s business volume exceeds EGP 500m this year
Oil prices were also supported as data showed a smaller-than-expected build in US stockpiles
Meshaly expressed her appreciation for the honouring, adding that it would encourage workers’ sense of achievement in the sector.
Controversial documentary maker presents new film climate film to mark 50th Anniversary of Earth Day
Requests to install coded meters will resume after curfew ends, says Hamza
Company will operate project on behalf of France’s EDF
The 2GW solar photovoltaic (PV) independent power producer (IPP) Al Dhafra project – to be located in Abu Dhabi – has received, from the first-ranked bidder, a tariff offer set at AED 4.97 fils per kWh ($1.35 cents per kWh), which is approximately 44% lower than tariff set three years ago for the 1.7GW Noor Abu Dhabi project, one of the world’s largest solar PV projects and a world record tariff-setter at the time.
Funds will go towards completing construction of Assiut’s Walidia 3 power station
El-Sayed added that several major electricity projects have been established to meet development projects’ needs of power in Sinai, the Red Sea, and Sharqeya
Oil market will improve after production reduction in line with OPEC plus starting 1 May, for a stabilisation in third quarter, says Bin Gomaa
The two wells, Zohr 17 and Baltim South West 7, were put into operation with an average production of 390m cubic feet of gas per day (scf/day) and 1,300 barrels of condensate per day.
Decline proves market is not convinced by OPEC cuts, says former petroleum minister, US oil May delivery cratered by as much as -$37 a barrel.
In a statement, the EEHC said the meetings come as part of the continuous development of these subsidiary companies and their performance.
The projection is to raise this figure of renewable energy contributions to the national grid to 50% in the next 10 years.
The Zafarana development is the second largest station in east Africa after the Gabal El Zeit farm that puts out 580MW.
Despite the impact on global energy companies, many have stepped up to take part in efforts to combat the virus and contribute to initiatives. It has also seen the companies make donations and provide financial aid during the outbreak
Egypt’s clean energy production is up 24% in 2020, said Al-Khayyat
Ministry of Electricity has ensured diversity in projects’ capabilities to keep electricity supply running
According to a statement issued by KarmSolar, the hospital construction costs EGP 13m and takes 15 days to be completed. The hospital’s capacity can reach 192 beds on 16 wards, with each ward having 12 beds. The hospital design considers the different stages of the coronavirus treatment protocol.
Limited impact on inflation, which remains in CBE target zone, despite expected pressures
Egypt imports 50% of its diesel and LPG needs, 25% of petrol
Private sector companies apply for launching 2.75GW power plants, says Khayat
Procedures for purchasing Edison fields to be completed in 2020
A total of seven companies had been invited by the EETC to participate in the bidding process.