Mohamed Farag

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Latest by Mohamed Farag


EETC to increase investors’ cost shares in Benban project by 25% each

The Egyptian Electricity Transmission Company (EETC) intends to increase the cost share of each investor in the solar energy project in Benban, Aswan by 25%, a source at the company told Daily News Egypt. Investors were verbally notified of the raise a week ago, the source added, stressing that an official letter will be sent …

Mohamed Farag

EEHC agrees with EximBank to finance PSH project with $2.6bn

The Egyptian Electricity Holding Company has agreed with the Export-Import Bank of China (EximBank) Ito finance a 2,400MW pumped-storage hydroelectricity (PSH) project with $2.6bn loan. A high-profile source in the Ministry of Electricity told Daily News Egypt that ongoing negotiations with the Chinese bank over the loan’s interest rate, repayment period, and grace period will …

Mohamed Farag

Egypt postpones electricity interconnection with Sudan to March

The Egyptian Electricity Transmission Company (EETC) postponed the first phase of 100MW electricity interconnection project with Sudan to March due to a delay in the implementation of the project by the Indian multi-national construction firm, Larsen & Toubro Limited (L&T). A source in the Ministry of Electricity told Daily News Egypt that the Indian company …

Mohamed Farag