energy - Daily News Egypt

Energy price shock, unemployment tops MENA’s regional risks for doing business: WEF

Report uses results of large-scale Executive Opinion Survey carried out by forum to detect how concerns about global risks differ across regions, countries

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BP broadens stake in Egypt’s West Nile Delta project

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Egypt to implement several reforms in June including eliminating fuel subsidies: IMF

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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 Hanafy

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

Egypt sets waste-to-energy purchasing tariff at EGP 1.4 per kw/h

Earlier, Daily News Egypt reported that several government agencies will share in the purchasing tariff of electricity from waste-to-energy plants for two years, bearing 37 piasters to be added to the original tariff of EGP 1.03 to reach EGP 1.40 per kw/h.

Mohamed Farag

October 23, 2019

Solar market rebounds despite lack of funding, awareness

A total of 332 small power plants were connected to the national grid, outputting 23.5MW

Mohamed Farag

October 11, 2019

African Development Bank invests $1.7bn in Egypt’s energy sector since 2007

“We seek to implement Sahara Transformation Initiative to produce 10GW,” says Shonibare

Mohamed Farag

September 17, 2019

Egypt starts digitalisation of energy grid: Electricity minister

The Chinese proposals include innovative solutions in the fields of communications and information technology to build a strong, flexible, and safe electricity grid, Shaker said.