Latest in Energy Highlight
Latest in Energy
Egypt is still mired in an expensive and time consuming arbitration with UFG for providing natural gas to the domestic market.
Spanish renewable energy group Gamesa has agreed combine its wind power business with those of Germany’s Siemens in a deal that will create one of the world’s largest makers of wind turbines.
The oil price is unlikely to rise much further, as inventories stay large and the market remains oversupplied – despite steady demand growth and production disruptions like wildfires in Canada.
Bloomberg New Energy Finance (BNEF) projects that in most countries, solar PV will be the cheapest form of new electricity generating capacity by 2030. It predicts several major shifts in power markets.
Offer expires after two months
30 wells will be drilled to extract gas from limestone layers in Western Desert
The company beat seven advertising agencies for the 3-year contract
A source at the ministry said investors were due to pay the third instalment of the cost-sharing agreement, worth EGP 9m, this month. However, it was delayed for 30 days after investors asked for an extension to pay the remaining value on the agreement
Eight companies to submit their offers to supply 250,000 smart meters on 12 July
The German government has agreed on a new reform of electricity markets. It’s likely to slow down the transition to a clean energy future, removing wind from the sails of the German Energiewende. Critics are appalled.
The discovery is located 12 kilometres from the shoreline
The Gulf’s support reduced the pressure on the budget and stabilised consumption in factories and homes
Signing new projects and providing fuel to plants are among the most prominent directives of the president
Germany’s renewable energy reforms ‘a step backwards’
A new renewable energy report shows that around the world, $286 billion was invested in renewables in 2015 – the most ever. But the head of the network behind the report says that’s not enough to protect the climate.
Japan is rethinking its energy diet and could announce a shift away from nuclear power as soon as next year. Scrapping nuclear would mean more renewable energy generation, but also a heavier reliance on coal.
The station includes four 1200 MW capacity power units to be implemented over 7 years
German energy giant RWE has posted better-than-expected earnings for the first quarter of the year. But the utility continues to grapple with slumping electricity prices and the nation’s gradual exit from nuclear power.
Egypt is an ideal model for attracting companies operating in the solar power sector, says Acwa Power Egypt director
Smart meters reduced water consumption by 40% and electricity consumption by 26% in Madinaty: Afify
The cost of production for one kilowatt-hour is currently EGP.79 while the sale price is EGP.39
Kaco has partnerships with Italian and Chinese companies, in addition to Orascom Construction Industries SAE in Banban
Egypt has the potential to become a regional center in the Mediterranean due to its strategic location, infrastructure and qualified ports for the export and import of oil and gas”, says Monti
Negotiations with seven international banks to finance 70% of the project, most notably IFC and EBRD
Egypt’s average production of natural gas declined to 3.8bn cubic feet per day
NREA will put to tender new solar plants and wind farms with the capacity of 500 MW by end of December
Acwa will not negotiate MoU until projects are decided upon
We are prepared for the high electricity demands of the summer and ensure that there will not be any blackouts, said Shaker
After a period when electricity shortages and black-outs were a regular occurrence in Egypt, we are now entering an exciting period in the Egyptian energy sector, despite the challenges of the prevailing economic climate. Government initiatives to prioritise electricity provision to residential and commercial areas and the emergence of the private sector in generating electricity …
Saudi Arabia has announced the ouster of its longtime oil minister as part of a larger government shakeup. Outgoing minister Ali al-Naimi had been a pillar of Saudi oil policy since 1995.