Latest in Tag: energy Highlight
Latest in Tag: energy
New loan, largest since October 2016, also aims to reduce Egypt’s fiscal gap
Over 80% of country’s power generated by traditional fossil fuels, including up to half from gas
Discussions with Belgian companies underway on cooperation to produce green hydrogen for power generation
The Dabaa nuclear power plant is being built in Egypt’s North Coast in cooperation with Russian energy giant Rosatom, with 4.8GW capactiy
Each biogas unit produces equivalent of two household LPG cylinders per month
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.
Egypt’s energy sector, however, faces many basic challenges that require reducing the country’s dependence on fossil fuels in energy production.
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.
Egypt’s first nuclear reactor is expected to be connected to national grid by 2026 end or early 2027, says Minister Mohamed Shaker
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 GesellschaftfürInternationaleZusammenarbeit (GIZ)-on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ).
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.
EGX to target 11,600 points level by end of October, says Aman Securities’ Al-Aasar
Electricity sector investments will see four control centres constructed to support Sinai, Suez Canal electricity network
EBRD, AFD offer €336m to finance Egypt’s 2030 National Agenda and 17 SDGs
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.
Project is part of World Bank Group’s strategy to help Egypt optimise its overall domestic electricity consumption, says Globaltronics Chairperson
Egypt implements petrochemical projects worth $38bn in 2020-2024
Agreement supports Egypt’s transformation into regional energy hub, says Minister Al-Mashat
Agreement provides finance for technical assistance needed to reform Egypt’s energy sector
No evidence yet that political leaders in DM or EM will see popularity suffer due to pandemic policies
About 70% of Castle Landmark’s electricity shall be generated from solar-powered photovoltaics, says Castle CEO
Egypt encourages foreign investments by opening channels for capital transfers, says CBE governor
Electricity Ministry receives requests to establish IPP projects with $2.5bn investments
Interconnection projects with Sudan, Saudi Arabia, Cyprus, and Greece to be concluded this year
ACWA Power to start establishing “Luxor” and “Kom Ombo” stations with 2.45GW capacity
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
We can compete abroad only by reducing the cost price, says director of the Metallurgical Industries Chamber at FEI
Our main objective is to provide energy for everyone at reasonable prices, says Elham Ibrahim
Arab, foreign companies find appetite to invest in the sector after cabinet’s approval of feed-in tariff
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