Latest in Energy Highlight
Latest in Energy
EEHC to implement EGP 32.4bn investment projects in FY2021: chairperson
4.4% growth in energy sold to consumers is expected in next fiscal year, says Desouky
NREA considers 3.17 GW power projects
Power stations with 453 MW capacity being implemented, says El-Khayat
EM may benefit from COVID-19 recession, risk for energy exporters: Renaissance Capital
No evidence yet that political leaders in DM or EM will see popularity suffer due to pandemic policies
Egypt to increase electricity project investments to EGP 700bn
No disruption to country’s electricity supply chain since 2015, compared to frequent 15-hour power cuts previously
EEHC completes production unit maintenance before increased summer consumption
Local and international companies implemented maintenance programmes in preparation for summer
EgyptERA approves Solaris request to supply solar energy to Arabian Cement
Approval includes company’s full commitment to regulations specified in annually-renewed licence
Oil prices climb after Saudi Arabia pledges further output cuts
Oil prices have recently been boosted not only by hopes that demand will soon return, but also by massive voluntary and involuntary production cuts
EETC, El-Sewedy Electric sign contract for EGP 120m aerial line
Contract will see construction of 20km, 500 kV line as part of plans to develop national electricity network
Marsa Alam links to National Grid for first time
Pilot phase saw two mobile transformer stations built in the town
Oil prices fall amid oversupply concerns
Oil prices fell as WTI for June delivery dropped $0.57 to $23.99 a barrel, while Brent crude for July decreased $1.25 to $29.72 dollars a barrel
EgyptERA renews energy production, distribution licences for 5 companies
EgyptERA has extended the power generation licence of Midor Electric Company (MIDELEC) for a year. It has also renewed power distribution licences of Madinaty Electromechanical Energy and Tropi 2 for Tourism Development.
IMC agrees to launch PV power station at Zagazig University
Supported by Egypt-PV, new plant to output 154 MW annually
Hideleco to complete El-Owainat transmission line by 2020 end
Company’s business volume exceeds EGP 500m this year
Oil prices surge amid hopes for economy reopening
Oil prices were also supported as data showed a smaller-than-expected build in US stockpiles
Electricity Minister honours Egypt-Sudan power interconnection management
Meshaly expressed her appreciation for the honouring, adding that it would encourage workers’ sense of achievement in the sector.
Michael Moore presents scathing attack on renewable energy
Controversial documentary maker presents new film climate film to mark 50th Anniversary of Earth Day
113,600 prepaid electricity meters installed in places of worship
Requests to install coded meters will resume after curfew ends, says Hamza
NCEDC to operate Egypt’s first smart electricity grid in New Capital
Company will operate project on behalf of France’s EDF
Abu Dhabi’s new solar project receives world’s lowest tariff bid
The 2GW solar photovoltaic (PV) independent power producer (IPP) Al Dhafra project – to be located in Abu Dhabi – has received, from the first-ranked bidder, a tariff offer set at AED 4.97 fils per kWh ($1.35 cents per kWh), which is approximately 44% lower than tariff set three years ago for the 1.7GW Noor Abu Dhabi project, one of the world’s largest solar PV projects and a world record tariff-setter at the time.
EEHC allocates EGP 15.3bn for electricity projects in south Upper Egypt
Funds will go towards completing construction of Assiut’s Walidia 3 power station
Egypt allocates EGP 1.8bn to upgrade electricity networks in FY 2021
El-Sayed added that several major electricity projects have been established to meet development projects’ needs of power in Sinai, the Red Sea, and Sharqeya
US oil will not have impact Saudi economy: Saudi Experts
Oil market will improve after production reduction in line with OPEC plus starting 1 May, for a stabilisation in third quarter, says Bin Gomaa
Two new gas wells come on stream: Petroleum Ministry
The two wells, Zohr 17 and Baltim South West 7, were put into operation with an average production of 390m cubic feet of gas per day (scf/day) and 1,300 barrels of condensate per day.
US oil plummets below zero for first time, Brent declines to $26 a barrel
Decline proves market is not convinced by OPEC cuts, says former petroleum minister, US oil May delivery cratered by as much as -$37 a barrel.
EEHC subsidiaries hold general assembly meetings on 2020/21 budgets
In a statement, the EEHC said the meetings come as part of the continuous development of these subsidiary companies and their performance.
Kom Ombo solar plant begins operation
The projection is to raise this figure of renewable energy contributions to the national grid to 50% in the next 10 years.
Electricity Ministry to close Zafarana wind farm in 2021 as project life span ends
The Zafarana development is the second largest station in east Africa after the Gabal El Zeit farm that puts out 580MW.
International energy companies join fight against COVID-19
Despite the impact on global energy companies, many have stepped up to take part in efforts to combat the virus and contribute to initiatives. It has also seen the companies make donations and provide financial aid during the outbreak
NREA collects EGP 1bn in arrears
Egypt’s clean energy production is up 24% in 2020, said Al-Khayyat
Electricity projects not affected by COVID-19: Shaker
Ministry of Electricity has ensured diversity in projects’ capabilities to keep electricity supply running