Latest in Tag: energy Highlight
Latest in Tag: energy
Japan offers $240m loan to support energy reform, combat COVID-19 in Egypt
New loan, largest since October 2016, also aims to reduce Egypt’s fiscal gap
Egypt can make sizable decarbonisation by retiring expired energy assets over 5-10 years: GE Gas Power’s Khalidi
Over 80% of country’s power generated by traditional fossil fuels, including up to half from gas
Al-Sisi asserts Egypt’s keenness to attract FDI for renewable energy
Discussions with Belgian companies underway on cooperation to produce green hydrogen for power generation
Al-Sisi, Rosatom chief review implementation progress of Dabaa nuclear plant
The Dabaa nuclear power plant is being built in Egypt’s North Coast in cooperation with Russian energy giant Rosatom, with 4.8GW capactiy
Egypt’s Environment, Social Solidarity Ministers inaugurate 60 biogas units in MinyaÂ
Each biogas unit produces equivalent of two household LPG cylinders per month
Siemens, Hassan Allam Construction to build National Energy Control Center
EETC, Siemens, and Hassan Allam Construction signed the contract, valued at EGP 838m on 8 December. The project is expected to be completed by end-2022.
Efficient energy management essential for sustainable development: El-Said
Egypt’s energy sector, however, faces many basic challenges that require reducing the country’s dependence on fossil fuels in energy production.
Egypt President, Greece Energy Minister explore cooperation opportunities
Al-Sisi discussed with Hatzidakis bolstering bilateral cooperation in the energy field, in light of the Egyptian efforts to develop the sector, internally and regionally.Â
Egypt is hub for international energy interconnections, corridors: Electricity Minister
Egypt’s first nuclear reactor is expected to be connected to national grid by 2026 end or early 2027, says Minister Mohamed Shaker
Siemens opens new energy services center, training academy in Egypt
The premises also encompasses the Egyptian German Technical Academy (EGT Academy) as state-of-the-art training hub for the vocational training in the region. Specifically, the Academy represents a strategic alliance between Siemens and the Deutsche GesellschaftfĂĽrInternationaleZusammenarbeit (GIZ)-on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ).
Egypt, Jordan, and Iraq discuss tripartite cooperation on energy, reconstruction
The ministers also addressed political issues, agreeing on putting a halt to any foreign interference and supporting the Arab region’s stability. Shoukry added that Egypt, Iraq, and Jordan have a common vision for preserving Arab national security, in addition to addressing the common challenges in the region.
High EGX trading expected this week after awaited factory energy price cut
EGX to target 11,600 points level by end of October, says Aman Securities’ Al-Aasar
Egypt implements Sinai, Suez electricity network to improve energy services
Electricity sector investments will see four control centres constructed to support Sinai, Suez Canal electricity network
Egypt parliament approves 2 international sustainable energy agreements
EBRD, AFD offer €336m to finance Egypt’s 2030 National Agenda and 17 SDGs
Industrial stocks surge in anticipation of more energy prices cut
Industry sources told Daily News Egypt that companies, including Egyptalum, continue to push hard for a further lowering of electricity prices from the current $0.06/kwh or EGP 1.0/kwh, to $0.04/kwh.
IFC invests $10m in Egypt’s Globaltronics to enhance energy efficiency
Project is part of World Bank Group’s strategy to help Egypt optimise its overall domestic electricity consumption, says Globaltronics Chairperson
APICORP anticipates $792bn investments in MENA energy over 5 years
Egypt implements petrochemical projects worth $38bn in 2020-2024
Parliament approves $50m EBRD agreement for energy efficiency improvement
Agreement supports Egypt’s transformation into regional energy hub, says Minister Al-Mashat
Egypt, AFD sign €151m grant agreement to support energy sector
Agreement provides finance for technical assistance needed to reform Egypt’s energy sector
EM may benefit from COVID-19 recession, risk for energy exporters: Renaissance Capital
No evidence yet that political leaders in DM or EM will see popularity suffer due to pandemic policies
Schneider Electric to provide energy management system to Castle Landmark
About 70% of Castle Landmark’s electricity shall be generated from solar-powered photovoltaics, says Castle CEO
US energy policy focuses on partnerships with other countries such as Egypt: US official
Egypt encourages foreign investments by opening channels for capital transfers, says CBE governor
IPP system attracts foreign companies to invest in local energy projects
Electricity Ministry receives requests to establish IPP projects with $2.5bn investments
Electricity Ministry seeks more foreign contributions in energy projects
Interconnection projects with Sudan, Saudi Arabia, Cyprus, and Greece to be concluded this year
Optimism among energy investors amid demands to accelerate tenders, projects
ACWA Power to start establishing “Luxor” and “Kom Ombo” stations with 2.45GW capacity
UAE’s Al Nowais to establish 700MW renewable energy plants in Egypt
The Emirati company would build a 200MW solar plant in Kom Ombo region of Aswan with $200m investments, and the EETC would buy the plant’s production at about 2.48 piasters per kWh
Energy prices, bank interests are the industry’s biggest obstacles in Egypt: Mohamed HanafyÂ
We can compete abroad only by reducing the cost price, says director of the Metallurgical Industries Chamber at FEI
Egypt’s energy capabilities exceed its needs: Vice President of World Energy Council
Our main objective is to provide energy for everyone at reasonable prices, says Elham Ibrahim
Egypt receives $2bn worth bids to establish waste-to-energy projects
Arab, foreign companies find appetite to invest in the sector after cabinet’s approval of feed-in tariff
MedaWeek Barcelona 2019 to tackle circular economy, energy revolution
From 20 to 22 November, authorities, businesspersons from both shores of the Mediterranean will meet to tackle the economic and social challenges of the region