Latest in Tag: renewable energy Highlight
Latest in Tag: renewable energy
Deal is EFG Hermes’s second investment in green energy in last 12 months
The government hopes to offer two tenders to generate 8GW of electricity from new and renewable energies, said Minister of Investment Ashraf Salman on Tuesday. He added that there are also plans to construct power stations operating on coal during the fiscal year (FY) 2014/2015, in order to meet the country’s growing electricity needs. A …
Solar energy is a supplemental source as it requires subsidies and storage to meet peak hours
Ministry of Finance may act as guarantor between investors and Ministry of Electricity to ensure continuous power supply
Three companies have requested approval for renewable energy, tourism projects worth EGP 1bn
The government has begun reviewing offers submitted by private companies to carry out renewable energy projects in Egypt, said Minister of Electricity Mohamed Hamed Shaker. Shaker added that the four main criteria on which the offers will be judged are seriousness, technical capability, financial solvency and previous experience. The move comes as part of state …
Ministry of electricity seeks to address the electricity crisis by diversifying production sources to include solar and wind energy
Recurring electricity outages over the past three years due to a shortage in natural gas and diesel have prompted the government to search for energy alternatives, including solar power.
Minister of Agriculture and Land Reclamation Ayman Abu Hadid recently announced that the ministry is planning to reclaim 40,000 acres in the Western Desert. During his meeting with ministry officials, Abu Hadid stressed the importance of using renewable energy sources in the process, citing plans to use irrigation tools operating via solar energy. Abu Hadid …
The conference, organised by the Egyptian Junior Business Association in cooperation with the environment compliance office and under the framework of the “Alashan Bokra” (For Tomorrow) initiative
Poor infrastructure, lack of technological expertise is causing “widespread transmission and distribution problems”, Markaz Kuwait Financial Centre reports
Former petroleum minister discusses issue in a meeting with the government
Government should turn to using renewable energy and start energy stock exchange, says president of energy committee
By 2020, government aiming to meet 20% of the country’s energy needs using wind, solar and other renewable power sources
The wind-farm project is estimated to cost around $580m according to Al-Arabiya Satellite Channel. However, official Egyptian sources could not confirm the size of investments of the prospective project given that it is in its “early stages at the moment”.
Initiative viewed as superficial by industry experts
Agreement signed between New and Renewable Energy Authority and Arab Organisation for Industrialisation
The energy issue is of major importance for the Egyptian economy and while a potential source of crises it also offers a lot of opportunities.
The New and Renewable Energy Authority to issue a bid round for wind energy projects
The project will be key in reducing the shortage of electricity in Egypt
As part of the US delegation’s mission to Egypt, the Overseas Private Investment Corporation (OPIC), a US government financing institution, signed a $150 million deal with private equity group Abraaj Capital. The new commitment targets the enhancement and development of small and medium-sized enterprises (SMEs). Managed by Aureos Capital, Abraaj’s SMEs investment platform, the Riyada …
By Abdelrazik Al Shewikhy In collaboration with several Italian organisations in the field of renewable energy, the RES Group, a UK-based renewable energy company, offered to to construct 30 photovoltaic power stations for the Investors Association in Marsa Alam with investments worth €70 million. The project comes in light of addressing fuel shortage currently crippling …