Mohamed Farag

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Latest by Mohamed Farag


XD EGMAC completes 7 transformer substations in 2 months

XD EGMAC Company is set to complete building seven transformer substations within two months at a cost of EGP 650m. XD EGEMAC’s CEO, Medhat Ramadan, told Daily News Egypt that the company is implementing stations of 220/66/22 and 220/11/66 kV in Sharm El Sheikh, Hurghada, South Tanta, Maasara, Ebny Beitak, Zizinia, and Nargis. He added …

Mohamed Farag

Egypt’s parallel electric grid to be ready in January

The companies executing the parallel electrical grid will complete the linking of Beni Suef’s power lines to the Aswan High Dam in January 2018, at a cost of up to EGP 5.5bn. Sources from the Ministry of Electricity said that the implementation rate of the Beni Suef – Assiut line, which has 503 electrical towers, …

Mohamed Farag

Russian youth demand the return of Cairo-Sochi flights

Amid the presence of 20,000 persons of different nationalities to take part in the 19th conference for young people and students held in the Russian city of Sochi. Daily News met with a large number of young Russian people to take part in the event. They have stressed that Egypt is a safe country and …

Mohamed Farag

Russian Rosneft buys 30% of Eni stake in Zohr gas field

Minister of Petroleum Tarek El Molla signed an agreement with Italy’s Eni, Russian oil giant Rosneft and the Egyptian Natural Gas Holding Company (EGAS), under which Rosneft will acquire up to a 30% stake in the Shorouk concession for the development of the Zohr gas field in the Mediterranean. Eni will sell the 30% stake …

Mohamed Farag

Bolivia invites Sisi to attend Gas Exporting Countries Forum in November

The Bolivian Minister of Hydrocarbons and Energy, Luis Alberto Sánchez Fernández, invited President Abdel Fattah Al-Sisi to attend the fourth session of the Gas Exporting Countries Forum (GECF), which will be hosted by Bolivia in November. The forum will also be attended by the presidents and heads of government of the member countries. This came …

Mohamed Farag

25 companies close to complete financial closure of solar energy projects

Mohamed El-Khayat, Chairman of the New and Renewable Energy Authority (NREA), said that 25 companies are close to complete the financial closure of solar energy projects in the second phase of the feed-in tariff system. He told Daily News Egypt that the indicators of the projects look very promising, where 22 companies signed the land …

Mohamed Farag