Latest in Energy Highlight
Latest in Energy
Egypt plans to establish $1.2bn CSP solar power plants
Osama Kamal plans to submit legislation to replace the old stations with CSP ones
NARI, B Electric compete to implement new solar plant in Zafarana
Studying financial bids, and contract awarding to the winning company before end-2019
Egypt supplies natural gas to 1.2m households in 1Q 2020: El-Molla
El-Molla revealed that the connection process was accelerated in the first quarter (Q1) of FY 2019/20, as the natural gas supply was extended to 21 new areas.
EETC to sign power purchase agreement with Siemens Gamesa within weeks
German company to build 500MW wind farms in Egypt, Japanese institutions to finance the first phase
Egypt to impose quality control on solar equipment importers starting 23 October
Importers to conduct product testing at NREA for maximum EGP 40,000 per container
Gas exports fell to 100m scf/day due to low global prices
Egypt poised to achieve surplus of production after meeting the needs of domestic market
KaramSolar negotiates with 5 banks to finance EGP 1bn solar projects
The list of banks in negotiation with KarmSolar includes IFC and EBRD
RCREEE participates in preparing renewable energy plans in Tunisia, Jordan, Iraq, and Sudan: Karam Eldein
SMEs movement towards Africa is essential for upcoming period
Solar market rebounds despite lack of funding, awareness
A total of 332 small power plants were connected to the national grid, outputting 23.5MW
Gas prices continue to decline due to oversupply in world markets
US cuts gas rigs to 144, as production reaches 2.39trn scf
Vestas closest to win Gulf of Suez wind farm tender, Siemens likely excluded
Three companies were competing for the project, including Vestas, Siemens Gamesa, and Senvion.
Rosatom floats 20 tenders for facilities and needs of Dabaa Nuclear Plant
Two contracts to be awarded before the end of 2019, company signed contract with Petrojet
SCZone to deliver 500,000 sqm of Russian industrial zone end-2019
Negotiations with DP World to develop 40 sqkm in Ain Sokhna
Egypt cuts natural gas production by 1bn scf/day after achieving surplus
Local market gas needs fall to 6bn scf, says source
Production of Burullus, Rashid fields increase to 290m scf/day
Linking 80m cubic feet from the second well in stage 9B, according to industry sources
12 companies qualify to implement solar power plants in NAC
The list includes Orascom, El Sewedy, Infinity, Ibn Omairah, and Light Source, companies to submit bids on 16 October
Israeli gas exports to Egypt to increase to 85.3 bcm over 15 years
Exports from Leviathan to start 1 January 2020, from Tamar to start on 30 June 2020
Government stabilises fuel prices as hedging contracts defy oil fluctuations
A government source told Daily News Egypt that the government has fixed the prices of petroleum products, in parallel with fixing the value of hedging against price fluctuations, which protects the state budget from bearing any additional burdens.
Electricity Ministry cancels Al-Nowais’s Oyoun Mousa power plant agreement
Both sides in negotiation to launch renewable energy projects with 500MW capacity
Production testing of Zohr’s 13th gas well likely to start next week: source
Gas consumption by power plants down by 500m scf/day, say source
NREA holds first roundtable on renewable energy investment in Egypt
Authority receive requests to implement 10GW projects in feed-in tariff programme, says El-Khayyat
Egypt’s 1st Renewable Energy Roundtable tackles sector’s investment opportunities, challenges
Media Avenue honoured leading companies, most influential figures in the renewable energy sector
Benban Solar Park: a success story by public, private sectors
A hundred companies contributed to project with total investments of $2bn, to output 1.4GW of solar energy
Solar Installer finalising 500MW solar panel plant in North Suez Gulf
Solar Installer aims to increase the capacity of this portfolio from 350MW to 1.3GW in 2019/20, after completion of its projects at Benban.
German Intec wins consultant contract for construction of Zafarana solar power plant
Three companies, including Belectric, NARI Group Corporation, and Vikram Solar, technically qualified and two companies were excluded, one for technical reasons and the other withdrew.
Oil loses $5 a barrel after Aramco’s announcement of restoring full production
Market to face oil glut in coming period, prices to fall under $60: Source
Baltim production increases to 100m scf/day
The ministry of petroleum said in a statement that the remaining five wells in the field will be developed during the second quarter of next year.
African Development Bank invests $1.7bn in Egypt’s energy sector since 2007
“We seek to implement Sahara Transformation Initiative to produce 10GW,” says Shonibare
First roundtable on “Investing in Renewable Energy, Sustainable Development” kicks off on 24 September, honouring most influential companies
The event’s media sponsors are Forbes Middle East, Daily News Egypt, Al Borsa, Youm 7, and Hapi newspapers, as well as the Economy Plus platform.
EEHC postpones signing Oyoun Moussa coal plant contracts
Another reason is also the difficulty of establishing a special port to receive coal for the project in the region of Oyoun Moussa, as the water there is very shallow, which requires the construction of the port deeper inside the water, which would raise the total cost of the plant.