Government to decide on electricity price increase by end of June
Shaker is scheduled to hold a press conference to announce the increase in electricity prices by first week of July
Mohamed Farag
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Electricity Ministry to keep prices up in July, parliament demand postponement
Decision reaches all segments with 10-20%, up to 40% for high consumers
EMG aims to inaugurate $300m cement plant
Company obtained prospectus documents, finalizes studies
Dabaa nuclear plant contracts on Al-Sisi’s desk next week
Government agreed with Russia on depleted fuel stores, technical support contracts
Central Egypt Electricity’s allocations amount to EGP 600m for FY 2017/2018
The company considers a request to construct a 12 MW solar power plant: Fouda
Al-Reef Al-Masry signs 4 agreements in 1.5 million feddan project
CBE approves granting 8-year loans at 5% interest rate
4 Companies offer providing services for solar energy projects in Aswan
List includes G4S, Motahida, Gridtech, and Alamiya
EBSC asks cabinet to exempt their equipment from taxes and customs
Shareholders paid EGP 300m for issued capital, says Soltan
Tractebel studying 3 alliance offers to establish coal plant in Hamrawein next month
GE, Mitsubishi-Harbin, Shanghai Electric are competing on a project with investments worth $10bn
Siemens adds 800 MW from Borollos power plant in June
Siemens is set to add 800 MW to the national grid from the Borollos power plant by the end of June. Sources at the Ministry of Electricity said that the new output will be linked to the grid after the tests for each unit of 400 MW in the first week in June and extending …
ABB invests in medium voltage instrument transformers, local components reaching 60%
Eng. Mohamed Salem, head of medium voltage BU and manager of ABB factories at 10th of Ramadan City, said that ABB possesses an annual export capacity of $30m for Medium Voltage Instrument Transformers. This is the first MV Instrument Transformers factory of its kind in Africa and the Middle East with investment reaching $10m using …
Military Technical College, Faculty of Engineering at Kafr El-Sheikh University to consult on black sand project
Contracting the winning company to supply the separation plant equipment by 30 June, says Soltan
$243m from JICA to finance EEHC’s automated control centres
The loan will be paid on 30 years with 10-year grace period and 0.01% interest rate
State Grid completed implementation of Borollos-Itay El Baroud electricity lines on Thursday
Company has hired 300 Chinese workers to implement 273 towers on an area of 105 kilometres
30 companies ask for compensation for price differences in contracts with Electricity Ministry
Ministry is considering compensating companies by 10-30% of contracts’ value despite losses exceeding this amount
Electricity Ministry to contract with Siemens wind farms to lower KW tariff
Company offered 5.3 Euro cents per KW/h; ministry demands similar price to Gulf of Suez project
8 companies present technical offers for electricity linkage with Saudi Arabia
Hyundai, NCC, State Grid, and Kalpataru are the main competitors
Investments in power strategy amount to $75bn until 2022
Plan production projects, transmission, and distribution of electricity cost $45bn
Siemens to commercially operate 4,800 MW next week
Ministry of Electricity approved repayment of €100m for Siemens at end of the month
Electricity Ministry agrees with Acwa Power to establish power plant in Luxor
The ministry negotiates with Luxor governorate to allocate the required land for the project on an usufruct system for 25 years
Egypt to receive Iraqi oil next week
First shipment will be 2 million barrels, according to Ezz El Regal
WDEPC to pay JPY 327m to Mitsubishi next week
Company lost EGP 9.8bn due to exchange rate difference after flotation
Electricity Ministry set to decide on new tariff increase this month
Average households will see 20-40% increase, subsidies to continue for 5 more years
5 companies granted temporary licences to produce solar energy
The flotation of the pound increased the price of licences
EEHC receives three bids to establish Hamrawein coal plant
American, Chinese, Japanese companies made offers, negotiations with Tractebel to handle assessment
NREA to receive offers for Jabal El-Zayet wind farm on 20 May
Ten companies bought the prospectus, notably Vestas, Siemens, and Acciona
Egypt obliged to pay $2bn in compensation to Israel for halting gas exports
Israel put pressure on Egypt to ease conditions for importing gas from its fields, says former Petroleum Minister
EETC to sign solar energy agreement with Saudi Alfanar next week
EBRD and IDB will finance the project, according to Abdel Karim
TAQA to supply 1,300 cubic metres of gas to EBSC
Company is negotiating with Electricity Ministry to provide 9MW to the plant
Five solar energy companies liquefy their business in Egypt
The list includes Bareq Capital, Adenium Energy, and Gulf New Energy