Mohamed Farag

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Latest by Mohamed Farag


SCZone receives 8 requests to invest on 4 sqkm area

The General Authority for the Suez Canal Economic Zone (SCZone) has received eight requests from local and international companies to invest on an area of 4 sqkm. Mahfouz Taha, deputy head of the SCZone Authority, said that the companies that have requested allocating the land seek to establish petrochemical industry projects, as well as projects …

Mohamed Farag

Egypt has 8,150 MW of surplus electricity production

The Electricity Observatory of the Egyptian Electricity Regulatory Authority (ERA) announced on Sunday that Egypt had 8,150 MW of surplus electricity production, while the maximum consumption during nights reached 24,090 MW. According to the ERA, Egypt has not witnessed power outages recently, except in a few areas for short periods that did not exceed five …

Mohamed Farag

EEHC installs 250,000 electricity metres at 6 distribution companies as trial 

The Egyptian Electricity Holding Company (EEHC) started to install 250,000 smart electricity metres in a trial across six electricity distribution companies. Ministry of Electricity Spokesperson Ayman Hamza said that the new step came within the electricity sector’s plan to provide electricity for all purposes through modern technological methods. He added that the use of smart …

Mohamed Farag

EEHC pasys Siemens €4.8bn

The Egyptian Electricity Holding Company (EEHC) has paid €4.8bn to Siemens for its work at the Beni Suef, Bruluss, and New Administrative Capital power plants. An official at EEHC said that Siemens provided bills and they were approved and disbursed. He noted that EEHC will not postpone payments so that the company can complete the …

Mohamed Farag

NREA negotiates with 5 banks to obtain EGP 1bn revolving loan

The New and Renewable Energy Authority (NREA) is currently in talks with five local banks to obtain a revolving loan worth EGP 1bn to finance solar power projects with capacities of less than 500 kW. Sources from the NREA said that it is negotiating with Banque Misr, the National Bank of Egypt (NBE), and the …

Mohamed Farag