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Latest in Energy


Tourism sector electricity dues scheduled over 36 months

The Canal Company for Electricity Distribution agreed to schedule the outstanding dues of the tourism sector over 36 months with 0% interest. An official at the Egyptian Electricity Holding Company (EEHC) said the decision is aimed not to ease the burden on the tourism sector, and help tourist installations to pay their electricity bills regularly …

Daily News Egypt

EETC agrees with Egemac, TBEA alliances to supply EGP 656m worth equipment

The Egyptian Electricity Transmission Company (EETC) has signed seven contracts with the Egyptian German Electrical Manufacturing Company (Egemac) and TBEA alliances to supply electric transformers and equipment worth EGP 656m. Sabah Meshaly, chairperson of EETC, signed the first contract to supply five mobile stations with 60mva capacity, three mobile 22x22x220kv stations, and three mobile 220/11/11kv …

Mohamed Farag

Russia, Egypt sign agreement on uranium supply to 2nd research reactor in Inshas

Russian state nuclear corporation Rosatom’s subsidiary TVEL has signed with the Egyptian Atomic Energy Authority (EAEA) a contract to supply the ETRR-2 research reactor in Egypt with uranium components for low-enriched nuclear fuel produced by the Novosibirsk Chemical Concentrates Plant. The ETRR-2 is used at the National Center for Atomic Research in Inshas city in …

Mohamed Farag

ZYFRA Group tests AI solution to boost oil well production, eyes Egyptian market

ZYFRA Group, Finnish-Russian AI and IIoT solutions developer for industries has successfully tested an Electrical Submersible Pump (ESP) software unit, designed to enhance the efficiency of oil extraction by boosting oil well production rates by 1.5% without any additional capital investment. The ESP software unit is now operational for more than three months in 500 …

Mohamed Farag

Tender to be launched over site consultancy of solar plant in west Nile

The companies qualified for establishing a solar energy plant with a 200MW capacity west of the Nile will be launching a tender to choose a consultant for the studies of the project’s location this month. Informed sources told Daily News that the 13 companies qualified to implement the project have agreed to share the costs …

Mohamed Farag

Marubeni-Sewedy alliance to implement 1st phase of Siemens Gamesa wind farm

Siemens Gamesa has settled on ElSewedy-Marubeni alliance to implement the first phase of its wind farm with a capacity of 180MW. Sources told Daily News Egypt that the alliance will be arranging the funding necessary for implementing the first phase of the project from Japanese funding agencies, including the Japan International Cooperation Agency. This would …

Mohamed Farag

Site permit issued for Dabaa nuclear plant

The Nuclear Power Plants Authority (NPPA) received a site permit for the building of Dabaa nuclear power plant from the Egyptian Nuclear Regulation and Radiological Authority (ENRRA), the head of NPPA announced on Monday. He explained that obtaining the site permit marks a milestone in the Dabaa project licensing process. The site permit came as …

Mohamed Farag

Government purchases electricity from private sector for EGP 400m

The government has purchased electricity from the private sector for EGP 400m until March 2019. Sources at the ministry of electricity told Daily News that the Egyptian Electricity Transmission Company (EETC) and electricity distribution companies across the country are committed to repaying the dues of the companies without delays. The sources explained that the largest …

Mohamed Farag

IFC, Ministry of Petroleum help boost critical energy infrastructure in Egypt

The International Finance Corporation (IFC), a member of the World Bank Group (WBG), announced on Wednesday a joint effort with Egypt’s Ministry of Petroleum and Mineral Resources that aims to support Egypt in becoming a regional energy hub for the eastern Mediterranean region as well as improve its energy infrastructure. The IFC signed a memorandum …

Shaimaa Al-Aees

ACUD plans to apply comprehensive electricity metering system

The Administrative Capital for Urban Development (ACUD) held a meeting with a number of smart electricity meter manufacturers and suppliers to discuss applying a comprehensive electricity metering system in the New Administrative Capital. Sources told Daily News Egypt that ACUD aims to launch a comprehensive installing system of electricity metres according to the highest international …

Mohamed Farag

Vortex Energy sells 49% stake in 998 MW Pan-European wind energy portfolio

Vortex Energy, a European renewable energy platform managed by the private equity arm of EFG Hermes, completed on Wednesday the divestiture of a 49% stake in its Pan-European operational wind power portfolio managed and co-owned by EDPR, selling the stake to institutional investors advised by J.P. Morgan Asset Management. The portfolio includes 56 operational wind …

Daily News Egypt

British Petroceltic files arbitration case against EGPC

British Petroceltic announced on Sunday filing an arbitration case against the Egyptian General Petroleum Corporation (EGPC) at the World Bank Group’s International Centre for Settlement of Investment Disputes (ICSID), according to a statement by the company. The EGPC reportedly breached its obligations in several gas sales agreements and was not able to pay its debts …

Daily News Egypt

Inpector Capital BV acquires Scimitar Production Egypt Ltd to invest in energy

Inpector Capital BV–whose majority is owned by Dutch investor Marcel Boekhoorn–declared that it acquired Scimitar Production Egypt Ltd to invest in the petroleum and energy sector in Egypt. Inpector Capital also announced that it has appointed Erik Vollebregt, an exploration and production industry veteran who served as the commercial and finance director of Shell Nigeria, …

Daily News Egypt