Latest in Energy Highlight
Latest in Energy
“The opportunities in the field of natural gas in Egypt are the most attractive in the world, and they reflect the increasing investor confidence in the Egyptian economy,” Boyan added.
The of the Egyptian Electricity Transmission Company (EETC) is seeking to implement projects with the budget of the fiscal year (FY) 2019/20 with investments up to EGP 19.55bn.
State budget bore $5 difference in price of barrel for JP Morgan, Citibank
New gas discoveries will contribute to connecting 2bn scf/day to national grid, says source
Industry Localisation Committee approves 183 companies to participate in project
Selecting between El Sewedy, Orascom to participate in product launch: Sources
Drilling well number 11 in project will add 200m cu ft to production: sources
Siemens has signed an agreement with the Egyptian Electricity Transmission Company (EETC) to supply the country’s first digital power transformer, Sensformer, according to a press statement on Monday
Investments of FY 2019/20 projects to reach EGP 53bn
A package of strategic agreements was signed on 8 June 2018, during the official visit of Russian President Vladimir Putin to China.
EGP 7.5bn to complete plan to strengthen, expand high, ultra-high voltage networks
The Egyptian Electricity Transmission Company (EETC) is preparing to receive newly established electricity pylons that will link the Balat substation with Sharq El Owainat in the New Valley governorate next month
Scatec Solar has completed the implementation of a 50MW solar power plant as part of the second phase of solar energy feed-in tariff project in Benban, Aswan
Expenditures to improve public services this FY amounted to EGP 182bn, says petroleum ministry
Intro Energy is planning to launch several projects to produce electricity from renewable resources with investments of $100m within three years
Development agreements of Zohr, North Alexandria allow foreign partners to export gas after government’s approval
Delek Drilling and Noble Energy, the operators of Israel’s largest natural gas fields Tamar and Leviathan, signed with the Egyptian company Dolphinus Holdings two 10-year agreements, worth $15bn, in February 2018 to export Israeli natural gas to Egypt.
Company to sell production at 3.2-3.4 piasters per kw/h
Project’s investments are estimated at $5bn, says source
Moreover, she explained that the unified reading system reviews the consumption data before issuing bills in order to avoid any mistake. All data and readers are also monitored by the system.
Brent crude rose by 5 cents, or 0.1%, to $70.16 a barrel, while US West Texas Intermediate (WTI) was up 50 cents, or 0.8%, at $59.12.
Law allows offering 49% of ownership to private sector, says Salmawy
The technical aspects of the project were reviewed in cooperation with Artelia, which is responsible for the consulting work of the project.
Government sources told Daily News Egypt that the ministerial committee, formed in accordance with the decision of the prime minister no 605 for 2019, received the purchase offers from Blackstone and Edra Power on Monday.
The final approval of the deal will take place after Dragon Oil confirms adherence to the deals signed by BP in the concessions of GUPCO, a source at the ministry of petroleum told Daily News Egypt.
Sources at the ministry of electricity told Daily News Egypt that the IFC will set the controls and the mode of presenting the offers and their assessment, given that the auction system will be implemented in Egypt for the first time.
Joining World Bank’s Zero Routine Flaring by 2030, says source
The note added that the prices for higher consumption brackets, above 1,000 kW, remain unchanged at EGP 1.45/kW, as they already pay above the production cost of EGP 1.22/kW.
With regard to the electrical connection with Sudan, she explained that all the works and lines of the project have been completed, and the current phase is supposed to be the experimental operation, but it was postponed because of the unstable political situation in Khartoum.
EGP 17bn proceeds of Electricity sector from price increases