Latest in Energy Highlight
Latest in Energy
Egypt’s energy future between reality and fantasies
Egypt is the second largest producer of natural gas in Africa after Algeria, yet Egypt’s power generation infrastructure is dependent on natural gas. More than 75% of the electricity generated in Egypt comes from natural gas plants. Egypt currently produces about 3.9bn cubic feet of gas per day and imports another 1-1.1bn cubic feet per …
Vortex acquires TerraForm’s 365 MW UK solar portfolio
The transaction makes Vortex one of the largest renewable energy-focused investment vehicles in Europe
Egypt to receive Iraqi oil next week
First shipment will be 2 million barrels, according to Ezz El Regal
5 companies granted temporary licences to produce solar energy
The flotation of the pound increased the price of licences
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
Aman and Petrotrade cooperate to collect gas bills electronically
Petrotrade clients can now pay their bills through Aman outlets anywhere in Egypt, says Wahby
Commercial operation of Siemens power plants to begin next week
Siemens will add 1,200MW to the electricity grid from the Beni Suef power plant, and 800MW from New Administrative Capital and Borollos power plants
Egypt exchanges 770MW of electricity with Jordan and Libya
Ministry of Electricity aims to increase the electricity connection with a number of neighboring countries to about 2,000MW by next year
Military Production Ministry to cooperate with Samsung to manufacture solar panels
The agreement aims to establish a solar panel factory at Benha with an annual capacity of 200MW
Government considers applying new electricity tariff in July
Action takes into consideration low-income citizens, sources at the Ministry of Electricity say
4,000-MW surplus before inaugurating Siemens power plants
Siemens’ power plants are linked to the national grid but are not commercially operational
EEHC contracts with Tractebel to evaluate offers on Hamrawein plant
The Belgian consultancy office will review the bids of seven global companies and coalitions, says El Desouky
Electricity Ministry to pay EGP 700m of fuel arrears to Petroleum Ministry
We aim to increase monthly amounts to EGP 1bn, says official
Arab companies are seeking to invest in Egypt’s energy sector
Safwan allocated $2m for oil field testing, while Al Mousa is targeting sales of $35m during 2017
Unpaid dues to electricity ministry register EGP 1.2bn at end of December
The unpaid dues of business sector companies to the Ministry of Electricity and Energy amounted to EGP 1.2bn at the end of December. Sources from the Egyptian Electricity Holding Company (EEHC) said that the ministry suffers from a lack of liquidity, which may affect the electricity supply. They added that business sector companies, a number …
The launch of new and renewable energy projects in 2017
Companies confirm the attractiveness of the investment sector and demand additional incentives and acceleration in the proceedings
31 companies participate in 2nd phase of feed-in tariff projects with $3bn investments
1,845 megawatts targeted to be produced through solar and wind plants in Aswan and Gulf of Suez
Media Production City negotiates with AOI to establish solar power plant worth EGP 17m
Sources in Media Production City said that they are currently studying AOI’s financial proposal for the project
Operation, maintenance for electricity plants to cost EGP 11bn in 2017: Electricity Ministry
Electricity Ministry collects EGP 7bn in bills revenues, awaits EGP 4bn from the government
How a fluctuating oil market is likely to impact Egypt
The oil market has been in decline for a considerable period of time, having experienced three consecutive years during which supply has outstripped demand. This has continued to drive prices down and created a depreciating marketplace, while forcing the intergovernmental Organisation of the Petroleum Exporting Countries (OPEC) to take decisive action.
Renewable energy investors call for presidential intervention
100 international companies willing to invest $15bn if government expedites investment procedures
Shell offers Rosetta concession for sale
The government owes Shell $1.3bn for their share of the gas field, says source
33 companies present their bids for Kom Ombo 20 MW solar plant
The list includes Orascom, Infinity, and Shanghai Electric
Shell seeks expandings in Egyptian market: Haytham Yehia
General Electric carries out $80m maintenance in Koraymat, North Giza power plants
General Electric began maintenance works to raise the efficiency of Koraymat and North Giza power plants at a cost of $80m. The company is maintaining and raising the efficiency of two units in Korayman power plant at a total cost of $70m ($35m each), and is maintaining North Giza power plant at a cost of …
3 gas shipments exported through Edco plant by Shell since September
Supply from Borollos fields gradually being increased to 250m feet of gas
Production from Rosetta gas field to cease in July
The company refused to pay for developments to offset the natural decline in production
KarmSolar announces 3 major agreements at first annual forum
News will impact agribusiness, architecture, start-ups, and real estate through partnerships with EFG Hermes, RiseUp, and Azza Fahmy
Electricity minister to send president memo on Dabaa negotiations next week
The ministry has banned officials from comment until the contracts are complete; negotiations are in final phase, says minister
Government postpones execution of $15bn worth of electricity projects
The list includes plants in Dairout, Damanhour, El-Hamrawein, El-Mahmoudeya, Ataqa, and Qena; projects transferred to 2022-2027 Plan due to financial burdens and production surplus, say sources