Energy – Daily News Egypt https://ww.dailynewssegypt.com Egypt’s Only Daily Independent Newspaper In English Fri, 23 Aug 2019 12:00:02 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.1 Giza zoo to be powered by solar energy, biogas to be used to keep animals warm https://ww.dailynewssegypt.com/2019/08/22/giza-zoo-to-be-powered-by-solar-energy-biogas-to-be-used-to-keep-animals-warm/ Thu, 22 Aug 2019 20:34:37 +0000 https://ww.dailynewssegypt.com/?p=705814 The team chose a near the place where pregnant animals give birth, which requires high heating.

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The Ministries of Environment and Agriculture have agreed to implement a solar power station and a biogas station in Giza Zoo, in line with the national project for the development of zoos.

Informed sources told Daily News Egypt that several officials from the Ministry of Environment visited the Giza Zoo to inspect the best location for the establishment of a waste-to-energy station (biogas).

The team chose a near the place where pregnant animals give birth, which requires high heating.

The sources pointed out that the planned biogas station will mainly rely on animal waste and blood from the zoo’s slaughterhouse, and will be implemented with EGP 300,000. The project is funded by the Ministry of Environment.

On the other hand, Egypt-PV will inaugurate the solar power station that will provide energy for lightning in several sites at the zoo. Egypt-PV will provide technical and financial support to the instaled station.

These measures aim to improve the zoo conditions and develop it to be listed as one of the world’s best zoos.

The sources pointed out that a comprehensive plan is underway to develop and modernise the Giza Zoo and other zoos across the various governorates, under the directives of the political leadership and the Prime Minister’s orders.

Moreover, these zoos will be completely renovated and organised to bring out their historical side and make them an attraction for both domestic and international tourism.

The sources explained that the infrastructure is being modernised inside the zoo, in addition to renovating its restaurants, and restrooms to suit the visitors of the zoo, as well as the development of animal shelter areas and add new species to the zoo.

The zoo covers an area of about 80 feddan and is one of the largest zoos in the world. It encloses a museum built in 1906 with rare collections of mummified animals, birds and reptiles. The number of visitors to the zoo used to amount to nearly four million annually.

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Egypt’s Zohr production rises to 2.7bn scf/day: Tarek El-Molla https://ww.dailynewssegypt.com/2019/08/22/egypts-zohr-production-rises-to-2-7bn-scf-day-tarek-el-molla/ Thu, 22 Aug 2019 20:27:48 +0000 https://ww.dailynewssegypt.com/?p=705812 El-Molla explained that the current rate was achieved four months ahead of the planned date, after the completion and implementation of the second maritime line with a diameter of 30 inches and a length of 215 km.

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The production capacity of the Zohr field has increased to 2.7bn cubic feet per day (scf/day) of natural gas, Minister of Petroleum Tarek El-Molla announced on Wednesday.

El-Molla explained that the current rate was achieved four months ahead of the planned date, after the completion and implementation of the second maritime line with a diameter of 30 inches and a length of 215 km.

According to the statement, there are now 12 wells in production in the field, and the current production rate is eight folds the production in 2017.

Last week Russian Rosneft announced that the natural gas production from Egypt’s mammoth Zohr field amounted to 11.3bn cubic metres (cm) (398.89bn cubic feet) in the first half (H1) of 2019, about 3.6 folds increase compared to the same period last year.

The Russian energy giant is in a consortium with Italy’s Eni, British Petroleum (BP), and UAE’s Mubadala Petroleum for the implementation of the Zohr offshore gas project in the Mediterranean Sea.

Zohr is the Mediterranean’s largest gas field, with estimated gas-in-place volumes of 850bn cm. The field was discovered in 2015. It is being implemented as a concession between Italian Eni (50%), Rosneft (30%), BP (10%), and Mubadala Petroleum (10%).

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NSPO signs contract with petroleum sector to offer natural gas refuelling services https://ww.dailynewssegypt.com/2019/08/22/nspo-signs-contract-with-petroleum-sector-to-offer-natural-gas-refuelling-services/ Thu, 22 Aug 2019 19:56:56 +0000 https://ww.dailynewssegypt.com/?p=705805 54 gas refuelling stations established in 15 governorates, 50,000 cars to be converted in FY 2019/20

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The National Service Products Organization (NSPO) has signed an agreement with the petroleum sector to add fuel supply and conversion activities to be among those of the stations of the National Company for petroleum (NPCO), which is a subsidiary of NSPO.

The agreement stipulates the introduction of natural gas refuelling and car engines conversion to hybrid fuel system (natural gas and petrol) in  stations of the company spread throughout the country, through the two companies specialized in this activity, which are the Egyptian international gas technology company (Gastec) and Natural Gas Vehicles Company (Car Gas).

The plan includes establishing 54 natural gas refuelling in 15 governorates, including several car conversion centres, the first phase to include 30 stations, and 24 stations as a second phase. It is intended to take the number of new stations to 350 in six years after completing the study and selection of appropriate locations.

The agreement was signed by NPCO head Mohsen El Mahallawy, and Osama El Baqly, Chairman of EGAS, Osama El Bakly, and Abdelfattah Farahat. Gastec chairperson and managing director, in addition to Hisham El Safty, the chairperson of Car Gas.

Following the signing, Minister of Petroleum Tarek El-Molla stressed the importance of this agreement, to convert mass transport vehicles to operate with hybrid fuel system (natural gas and petrol).

He pointed out that this agreement leads to an increase in the number of stations that provide these services, keep pace with the increase in the recent demand in-car natural gas conversion, due to it’s lower cost and higher quality.

El Molla pointed out that the ministry is working according to an integrated plan to increase the number of converted cars to 50,000 during the current fiscal year 2019/20.

He added that the network of stations, which currently includes 187 stations and 72 conversion centres, is currently being expanded nationwide.

For his part, El Mahallawy stressed the keenness of NSPO on contributing to the state’s trend and the government’s programme to expand the use of natural gas as fuel for cars.

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Government agencies to share in waste-to-energy purchasing tariff for 2 years https://ww.dailynewssegypt.com/2019/08/21/government-agencies-to-share-in-waste-to-energy-purchasing-tariff-for-2-years/ Wed, 21 Aug 2019 06:00:31 +0000 https://ww.dailynewssegypt.com/?p=705601 Tariff to be increased from EGP 1.03 to EGP 1.40 per kW/h

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Several government agencies will share in the purchasing tariff of electricity from waste-to-energy plants for two years, bearing 37 piasters to be added to the original tariff of EGP 1.03 to reach EGP 1.40 per kW/h, government sources told Daily News Egypt.

The sources explained that the government will approve the new tariff within days, attributing the delay to the Ministry of Housing’s initial refuse to share in the tariff, but it eventually agreed.

Other reasons for the delay is the engagement of several parties in this tariff, including municipalities and the Ministry of Environment, which is the main party responsible for generating electricity from waste, the sources added, revealing that the government received requests from Arab and foreign companies to implement waste-to-energy projects with $400m investments.

Egypt’s annual wastes amount to 100m tonnes, including 42m tonnes from construction and demolition, 30m tonnes from agricultural processes, 21m tonnes of solid domestic waste (rubbish), 3m tonnes from digging and draining, and 2.9m tonnes from industry, and 0.14m tonnes of medical waste.

Previously, the cabinet announced a preliminary purchasing tariff of waste-to-energy at 92 piasters per kW/h, which investors and experts considered very low compared with the technology and huge investments of such projects. Therefore, the ministry agreed to fix the tariff to attract more investments.

The Ministry of Electricity aims to increase the country’s production from waste-to-energy and renewable power plants to 55% from the total production by 2050.

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Triple M launches Winsola for operation, maintenance of renewable energy plants https://ww.dailynewssegypt.com/2019/08/20/triple-m-launches-winsola-for-operation-maintenance-of-renewable-energy-plants/ Tue, 20 Aug 2019 21:11:54 +0000 https://ww.dailynewssegypt.com/?p=705548 Winsola provides periodic maintenance for solar energy systems, solar panel cleaning and maintenance, fault forecasting, power generation monitoring, performance measures, and wind turbine maintenance.

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Triple M, in cooperation with a number of experts and specialists in the energy sector, has announced the launch of Winsola, a new company for operation and maintenance of solar and wind power plants.

Winsola provides periodic maintenance for solar energy systems, solar panel cleaning and maintenance, fault forecasting, power generation monitoring, performance measures, and wind turbine maintenance.

Winsola comprises a large group of experts and specialists in the field of renewable energy with more than 50 years of experience, including Salah Ibrahim, expert renewable energy and consultant of a number of international companies in the operation and maintenance of plants; Galal Osman, energy expert and professor of energy at the University of Engineering in Mansoura University; Amr Abdel Kader from the British University in Egypt; Abbas Rady, solar energy consultant and director of solar energy projects at Triple M; and Hassan Abu Ghalma, professor at the Faculty of Engineering in Hanover University.

Winsola aims to adopt increased energy efficiency, environmental sustainability, improved on-site performance and receiving processes, land receipt inspection, geotechnical work, and land topographic studies.

Hatem El Roumy, chairperson of the company, said Winsola is seeking to carry out maintenance work for a number of existing projects to produce electricity from wind stations, and is expected to complete the agreement during the current year, and the company is also seeking to capture operations and maintenance outside Egypt with a capacity up to 200MW.

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Egypt to launch oil exploration tender by end of 2019 https://ww.dailynewssegypt.com/2019/08/20/egypt-to-launch-oil-exploration-tender-by-end-of-2019/ Tue, 20 Aug 2019 19:36:38 +0000 https://ww.dailynewssegypt.com/?p=705586 Incentives in new oil agreements to encourage partners, according to industry sources

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The Egyptian General Petroleum Corporation (EGPC) aims to launch an oil and gas exploration tender by the end of this year, to increase the exploration operations in the different concession areas, and boost rates of production,

A source in the petroleum sector told Daily News Egypt that EGPC is currently planning the areas to be included in the tender. It is expected to include areas in the Western Desert, the Gulf of Suez, and the Eastern Desert, after obtaining necessary approvals.

He added that the number of proposed areas will range from eight to 12 concession blocks, mostly to search for crude oil.

The source pointed out that the Ministry of Petroleum has developed a plan to promote international oil companies (IOCs) investments in crude oil exploration, which in turn will raise local production and reduce dependence on imports.

He pointed out that the decline in the crude oil prices resulted in the reduction of IOCs investments, which affected the stability of Egypt’s oil production.

“EGPC added incentives to the new exploration agreements to encourage investors, as was done in the agreements for natural gas exploration,” the source said, adding that incentives include the adjustment of the cost recovery period and the share of IOCs in the production of crude oil from different concession areas across the country.

Furthermore, EGPC is working to increase the productivity of the existing oil fields and the completion of project developments to link them to production, to compensate for the natural decline in the productivity of the older fields.

The source revealed that the ministry aims to increase the production of crude oil and condensates to about 700,000 barrels per day during the next fiscal year.

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El Sewedy, EDF start commercial operation of 2 solar stations in Benban https://ww.dailynewssegypt.com/2019/08/20/el-sewedy-edf-start-commercial-operation-of-2-solar-stations-in-benban/ Tue, 20 Aug 2019 18:57:29 +0000 https://ww.dailynewssegypt.com/?p=705581 Projects output 130MW with $140m investments

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Elsewedy Electric has started commercial operation of two solar photovoltaic projects that were developed within the second phase of the government-initiated feed-in tariff for solar and wind power.

Elsewedy Electric entered into an equal partnership with the EDF’s subsidiary, EDF Renewables, to develop, finance, build, own, and operate two projects in Benban, Aswan governorate, about 830 km south of Cairo, with a capacity of 130MW, providing power to more than 140,000 households and preventing more than 120,000 tonnes of CO2- equivalent emissions annually.

The two projects have investments of about $140m, with loans of $111m financed by the European Bank for Reconstruction and Development (EBRD) and the French Finance Corporation (Proparco) of the French Development Agency Group. Both financiers contributed equally in financing the two projects that supply clean energy to the Egyptian Electricity Transmission Company (EETC) under a 25-year energy purchase contract.

Ahmed El-Sewedy, CEO and managing director of El-Sewedy Electric, said the commercial operation of the two projects makes the company’s portfolio as the owner and supplier of renewable energy sources extending to photovoltaic solar as well as wind and energy.

The EETC buys the energy at 8.4 piasters per kw/h. The payment includes 30% calculated at the exchange rate when the tariff was issued, and 70% at the exchange rate on due date.

The Ministry of Electricity aims to produce 20% of the total electricity through new and renewable sources of energy by 2022, and the percentage will increase to 47% in 2037.

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Lekela Power completes financial closure of Ras Ghareb wind farm https://ww.dailynewssegypt.com/2019/08/20/lekela-power-completes-financial-closure-of-ras-ghareb-wind-farm/ Tue, 20 Aug 2019 18:47:15 +0000 https://ww.dailynewssegypt.com/?p=705579 Company implemented 1,243 MW wind power projects in Africa, says Eissa

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Lekela Power has completed the financial closure of the 250MW Ras Ghareb wind power plant. The project is scheduled to come into operation in 2021.

Faisal Eissa, general manager of Lekela Power in Egypt, said the company has completed the financial closure of the wind power plant funded by the International Finance Corporation (IFC), the European Bank for Reconstruction and Development (EBRD), and the Private External Investment Company (OPIC).

He explained that Siemens Gamesa will undertake the construction work of the wind power plant after exceeding its technical and financial offer in the tender put forward by Lekela Power.

Daily News Egypt published in June that Lekela Power will complete the financial closure of the Ras Ghareb project in August and that Siemens Gamesa is close to snapping up a tender for a 250MW wind power plant, since the offer was better than that of Senvion and Vestas. The contracts are scheduled to be signed within two months.

The project is part of the government’s plan to implement BOO energy projects, located 30km northwest of Ras Ghareb. The project site benefits from strong wind sources, providing high-capacity factors, and allows the wind station to sell power at a competitive price to the Egyptian Electricity Transmission Company.

Eissa added that the total capacity of wind energy projects implemented by Lekela Power in Africa amounted to about 1,243MW, including three wind power plants in South Africa with a total capacity of 360MW in the operational phase, and three plants in Senegal and South Africa with a capacity of 408MW in the construction phase, and two wind farms in Egypt and Ghana with a capacity of 475MW in the final stages of development.

Lekela Power ownership structure is distributed among Actis by 60%, while the remaining 40% is owned by a consortium led by Mainstream Renewable Power, which includes investors such as IFC and Rockefeller Brothers Fund.

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Rosatom to float tenders for Dabaa nuclear plant’s site preparation https://ww.dailynewssegypt.com/2019/08/20/rosatom-to-float-tenders-for-dabaa-nuclear-plants-site-preparation/ Tue, 20 Aug 2019 18:38:36 +0000 https://ww.dailynewssegypt.com/?p=705577 Rosatom is stepping up preparations to complete the tenders of the Dabaa nuclear plant and awarding the executing companies this year to comply with the agreed schedule and pouring concrete in the first reactor of the Dabaa nuclear plant by July next year.

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Head of the Nuclear Power Plant Authority (NPPA), Amjad al-Wakeel, told Daily News Egypt that Rosatom will float tenders for preparing the site of Dabaa nuclear plant instead of a single tender. The Russian side is preparing to float these tenders respectively after studying the Egyptian market.

He added that the NPPA helped the executing company, Rosatom, to hold a seminar to introduce the nuclear project in July 2018 and then a forum of suppliers of nuclear technology in November 2018, and invited more than 150 Egyptian companies to participate and encourage others to participate in the project.

Rosatom is stepping up preparations to complete the tenders of the Dabaa nuclear plant and awarding the executing companies this year to comply with the agreed schedule and pouring concrete in the first reactor of the Dabaa nuclear plant by July next year.

Informed sources told Daily News Egypt that the companies or alliances winning the tender will take over the implementation of buildings for workers and engineers, concrete for the nuclear reactors, fences, and other work required by the nuclear plant.

The sources pointed out that all infrastructure works and utilities, including electricity, water and communications, were implemented in coordination with the National Committee for the Localisation of Dabaa Nuclear Power Plant Technology.

The sources said that the selection of Egyptian companies to participate in building the plant will be in coordination with Rosatom, and the number of contracts expected to be concluded during the coming period for the implementation of civil works and supplies amounts to 50 contracts.

The sources pointed out that the recent nuclear explosion, which occurred during a test of nuclear missile on a naval platform off the coast of Arkhangelsk region in the far north of Russia, will not affect the establishment of the Egyptian nuclear plant, and will not modify the safety factors in the project.

The sources stressed the safety standards of the Dabaa plant was approved by the International Atomic Energy Agency, and the reactors will not run until reviewing all security and safety procedures and obtain permission to load fuel.

The nuclear plant received the site’s approval from the Egyptian Nuclear and Radiological Regulatory Authority (ENRRA) on 10 March. This is an acknowledgment that the site and its features comply with the IAEA’s conditions, which is reflected in ensuring safe and reliable operation of nuclear facilities.

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Schneider Electric becomes founding member of Global Cybersecurity Alliance https://ww.dailynewssegypt.com/2019/08/20/schneider-electric-becomes-founding-member-of-global-cybersecurity-alliance/ Tue, 20 Aug 2019 16:57:17 +0000 https://ww.dailynewssegypt.com/?p=705575 The alliance will proactively address growing and emerging cyber threats by bringing together end-user companies, technology and system vendors, IT infrastructure suppliers, service providers, system integration experts, and other organisations.

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Schneider Electric has announced that it has joined as a founding member of the recently formed Global Cybersecurity Alliance.

The International Society of Automation (ISA) has established the alliance to enhance cybersecurity readiness and awareness of industrial and vital infrastructure installations and processes worldwide.

The alliance will proactively address growing and emerging cyber threats by bringing together end-user companies, technology and system vendors, IT infrastructure suppliers, service providers, system integration experts, and other organisations.

Nathalie Marcotte, senior vice president, Industrial Automation Services, Schneider Electric, said the company’s goal is always to help customers increase their profits safely, efficiently, and reliably, which means doing everything they can to protect them from cyber damage.

“The alliance is very much in line with our international scope and appeal to everyone. Our participation as a founding member will enhance our collective ability to detect, prevent and respond to cyberthreats, while helping our clients in all sectors to better secure their assets and operations and also improve their business performance.”

Mary Ramsay, executive director of ISA, said, “As the industry faces an escalation in innovative and dangerous cyber-attacks, every organization interested in securing its global infrastructure must collaborate with us to improve how end-users defend themselves.”

She added that the alliance will be led by its members and work to encourage the development of new standards-based defense strategies that ensure people, processes, and technology are better equipped to face cyber threats and better protect them.

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Neeasae receives offers to supply components of 750,000 LED bulbs https://ww.dailynewssegypt.com/2019/08/20/neeasae-receives-offers-to-supply-components-of-750000-led-bulbs/ Tue, 20 Aug 2019 16:51:04 +0000 https://ww.dailynewssegypt.com/?p=705572 Tenders are to be submitted with an initial deposit of EGP 30,000 in cash, payable cheque, or a 6-month unconditional letter of guarantee. If any sample was rejected, the supplier shall replace it before the deadline set by the company.

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El Nasr For Electric and Electronic Equipment (Neeasae) has received offers from several companies to supply components of 750,000 LED bulbs during the current fiscal year.

A sample of each type of LED bulbs shall be submitted to the company to be tested on the production lines in the factory and to prepare the necessary technical report. The bidders will place their bids in two sealed envelopes and simultaneously hand them to the auctioneer; financial and technical envelopes.

Tenders are to be submitted with an initial deposit of EGP 30,000 in cash, payable cheque, or a 6-month unconditional letter of guarantee. If any sample was rejected, the supplier shall replace it before the deadline set by the company.

The planned productions for the current fiscal year include 70,000 white 5-watt bulbs, 30,000 yellow 5-watt bulbs, 60,000 3-watt bulbs, 40,000 5-watt bulbs, 50,000 7-watt bulbs, and 32,500 9-watt bulbs, 75,000 12-watt bulbs, and 20,000 15-watt bulbs, 20,000 18-watt bulbs, 20,000 24-watt bulbs, 20,000 36-watt bulbs, and 20,000 45-watt bulbs.

Ashraf Sultan, chairperson of the company, said the plan in the coming period includes the development of factories, saving 25% of costs and reducing non-standard damage projection to one-sixth.

He added that the company’s debts to the National Investment Bank amounted to EGP 90m. Work is underway on scheduling and repaying these debts. The company is working to coordinate with officials and its board to solve this crisis.

He said that the original debt was only EGP 10m, and rose after adding interests. The company’s losses in the fiscal year 2017/18 reachexd about EGP 7.4m. He explained that the goal in the current year, it includes maintaining the image of the company in the production and marketing of ordinary and fluorescent bulbs of various types.

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ACWA Power compares 3 bids to supply production units for Luxor power station https://ww.dailynewssegypt.com/2019/08/19/acwa-power-compares-3-bids-to-supply-production-units-for-luxor-power-station/ Mon, 19 Aug 2019 20:11:56 +0000 https://www.dailynewsegypt.com/?p=705435 Siemens, General Electric, and Mitsubishi are competing on supplying the units, says sources

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ACWA Power is comparing three bids from Siemens, General Electric, and Mitsubishi Electric to supply production units for its 2.25GW Luxor power plant.

Informed sources told Daily News Egypt that the company is still studying the bids to choose the best equipment and units that produce electricity with the highest efficiency and technology in accordance with the agreed standards with the Ministry of Electricity.

The sources pointed out that ACWA Power seeks to settle on the best technical offer before the completion of the financial closure of the project, which is targeted to be completed during the second quarter of next year.

They added that the company has agreed with a number of international banking institutions to finance the project and seeks to complete the implementation of the plant and start commercial operation by the end of 2022. Three international institutions have agreed to finance the power station, including the Silk Road Fund, the Saudi Arabian Public Investment Fund, sponsored by Saudi Crown Prince Mohammed bin Salman.

The Ministry of Petroleum has agreed with Saudi Arabia’s ACWA Power to finance the construction of a natural gas pipeline to feed the plant in Luxor, at a total cost of about EGP 1.6bn.

Former Prime Minister Sherif Ismail issued a decision in 2016 to move the site of the power station from Beheira to Luxor, according to the development plan of Upper Egypt, so as not to concentrate power stations in the Delta.

The project consists of three installed units with a capacity of 650MW each. This shall be the first station to be built on the BOO scheme. The Egyptian Electricity Transmission Company pledged to buy the energy it produces. 

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Mineral sales increase to $740m in FY 2019/20 https://ww.dailynewssegypt.com/2019/08/18/mineral-sales-increase-to-740m-in-fy-2019-20/ Sun, 18 Aug 2019 21:55:19 +0000 https://www.dailynewsegypt.com/?p=705344 State revenues from mining activities increase to $60m, says source

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The Ministry of Petroleum and Mineral Resources aims to increase the total mineral sales by about 2% during the fiscal year FY 2019/20, through increasing the production of mining and quarrying materials from different concession areas.

A government source said in a statement to Daily News Egypt that mineral sales will rise to $740m during the current fiscal year, compared to $725m in FY 2018/2019.

He added that the target state revenues from mineral sales will rise to $60m in FY 2019/20 from $58m in FY 2018/19, a growth of 3.4%.

The source pointed out that the ministry is working to increase production of mineral raw materials and products from 7m tonnes in FY 2018/19 to 8m tonnes in FY 2019/20.

The Egyptian Mineral Resources Authority works to prevent random exploration and increase the added value of quarry materials through processing operations instead of exportation as raw materials, in addition to setting clear controls for the utilisation of mines and quarries.

The source stressed that the Ministry of Petroleum is currently working to create an attractive investment climate for the development and utilisation of mineral wealth, in accordance with the state vision and goals in achieving sustainable development through the establishment of economic projects that achieve added value.

He pointed out that a package of reforms and a roadmap for the development of the mining sector have been initiated, after the issuance of the Mineral Resources Law, with the participation of several experts, specialists, investors, and concerned authorities in the country in order to encourage investment and attract major international companies.

The source added that the amendments to the Mineral Resources Law aim to separate between exploration and utilisation phases, which would attract more investments because exploration deals take lengthy measures.

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14.5% increase in electricity selling tariff from NREA projects https://ww.dailynewssegypt.com/2019/08/17/14-5-increase-in-electricity-selling-tariff-from-nrea-projects/ Sat, 17 Aug 2019 18:02:00 +0000 https://www.dailynewsegypt.com/?p=705231 Electricity Ministry buys a kw/h from solar, wind energy plants for 55 piasters

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The Egyptian Electric Utility & Consumer Protection Regulatory Agency (EgyptERA) has agreed to increase the selling tariff of electricity produced from the projects owned by the New and Renewable Energy Authority (NREA) by 14.55%.

Sources at the Ministry of Electricity told Daily News Egypt that it was approved to sell the energy produced from solar and wind stations owned by NREA for 55 piasters per kw/h instead of current 48 piasters.

This increase is the second, as NREA used to sell the production of Zafarana and Kuraymat energy projects for 34 piasters which was increased in August 2018 by 41% to 48 piasters and was further increased this month to 55 piasters. It was agreed to conduct a study every year to calculate production costs and determining prices based on variables.

The sources explained that this increase will help NREA reduce losses it incurred due to previous low tariffs compared to the private sector projects, and pay its accumulated debts owed to the National Investment Bank (NIB), the National Bank of Egypt (NBE), and other entities.

NREA has settled EGP1.85bn of its debts to the NBE and the NIB until last June.

NREA needs EGP 150m to complete the settlement of its debts before the end of this year, bringing the total repayments to EGP 2bn. It comes in line with the Prime Minister Mostafa Madbouli’s decision to resolve the financial entanglements between ministries and government authorities as part of the country’s economic reform plan.

The sources added that EgyptERA has completed the necessary studies to determine the mandatory percentage of renewable energy and its cost, provided that the cabinet is responsible for approving, modifying, or applying it to specific sectors.

The sources added that the percentage is determined based on the renewable energy capacities expected to be produced from existing plants and expected to be operated during the year, including the projects of NREA.

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Zohr’s gas production hits 11.3bn cm mark in 1H19: Rosneft https://ww.dailynewssegypt.com/2019/08/15/zohrs-gas-production-hits-11-3bn-cm-mark-in-1h19-rosneft/ Thu, 15 Aug 2019 07:00:20 +0000 https://www.dailynewsegypt.com/?p=705108 The Russian energy giant is in a consortium with Italy’s Eni, British Petroleum (BP), and UAE’s Mubadala Petroleum for the implementation of the Zohr offshore gas project in the Mediterranean Sea.

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Natural gas production from Egypt’s mammoth Zohr field amounted to 11.3bn cubic metres (cm) (398.89bn cubic feet) in the first half (H1) of 2019, about 3.6 folds increase compared to the same period last year, Russian Rosneft announced on Wednesday.

The Russian energy giant is in a consortium with Italy’s Eni, British Petroleum (BP), and UAE’s Mubadala Petroleum for the implementation of the Zohr offshore gas project in the Mediterranean Sea.

According to Rosneft’s press statement, Zohr’s current production level is 68m cm/day (2.4bn scf/day). At the moment, 11 production wells, three offshore pipelines, an offshore management platform, and all eight production trains of the gas treatment plant have been commissioned.

By the end of 2019, the gas output is estimated to reach 76m cm/day (2.7bn scf/day).

Zohr is the Mediterranean’s largest gas field, with estimated gas-in-place volumes of 850bn cm. The field was discovered in 2015. It is being implemented as a concession between Italian Eni (50%), Rosneft (30%), BP (10%), and Mubadala Petroleum (10%).

Egypt’s natural gas output is expected to reach 8bn scf/day during the fiscal year 2019/20 after the completion and operation of the gas field projects nationwide.

Egypt aims to become a natural gas hub after achieving self-sufficiency with the operation of the Idku liquefaction plants receiving gas from Cyprus and Israel and the Jordan gas pipeline

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Russian nuclear-powered missile blast will not affect Dabaa project’s timetable https://ww.dailynewssegypt.com/2019/08/15/russian-nuclear-powered-missile-blast-will-not-affect-dabaa-projects-timetable/ Wed, 14 Aug 2019 22:45:01 +0000 https://www.dailynewsegypt.com/?p=705103 Experts emphasise complete safety of planned plant, calls for in-depth studies of reactor concrete

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The nuclear explosion, which occurred during a missile test on a naval platform off the coast of Arkhangelsk region in the far north of Russia, will not affect the establishment of the Egyptian nuclear plant and the timetable for its implementation, Chairperson of the Nuclear Power Plant Authority (NPPA), Amgad El Wakeel, said.

He added that Egypt is in the preparatory or pre-construction phase, which extends for two and a half years, of which more than one and a half years have passed, where Egypt seeks to receive the construction permit within the second half of next year.

El Wakeel stressed the commitment of the company executing the project, Rosatom, when building the plant to the safety standards approved by the International Atomic Energy Agency (IAEA), and the reactors will not run until after reviewing all the procedures for security and safety and obtain permission to load fuel.

The planned Dabaa nuclear plant received the site’s approval from the Nuclear and Radiological Regulatory Authority on 10 March of this year. This is an acknowledgment that the site and its characteristics comply with the Egyptian specifications and IAEA requirements, which is reflected in ensuring the safe and reliable operation of nuclear facilities.

Vice President of Rosatom, Sosnin Gregory, said in an earlier statement that the construction work at the Dabaa reactor is in accordance with the agreed schedule in the contract between the Egyptian and Russian sides, and it is planned to pour concrete in the first nuclear reactor in July 2020.

Yassin Ibrahim, a nuclear power expert and former head of the NPPA, said that the nuclear reactors to be launched in Dabaa are of the third generation and enjoy the highest levels of safety. They come with an automated shutdown mechanism, he said, noting that a reactor for energy is different from the blast that occurred during a missile test in Russia. 

“If we want to compare to ensure nuclear safety and the occurrence of no radiation or accidents, the comparison must be done with another third-generation reactor. Although the Russian side announced an explosion in systems containing radioactive materials, there are conflicting data on the high levels of radiation in areas inside Russia,” he added.

He said that Egypt has a nuclear emergency plan and is long overdue in having a peaceful nuclear power plant. The error and risk coefficient is non-existent and the ratio is “zero” because if something goes wrong, the station shuts off automatically to avoid any radiation leaks. 

He added that the “container” of the reactor endured the collision of a 400-tonne aircraft loaded with fuel, flying at a speed of 150 metres / second, and a tsunami up to 14 metres.

Nasser Darwish, professor of concrete structures and bridges at the Faculty of Engineering, Alexandria University, recommended the need for in-depth studies on mass and high density concrete and protection from nuclear radiation and the impact of high temperature, as well as the development of materials and concrete with engineering characteristics suitable for nuclear plant installations in the Egyptian environment, including the use of nanotechnology.

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IIF expects world Brent oil prices to average $65/b in 2019, $62/b in 2020 https://ww.dailynewssegypt.com/2019/08/13/iif-expects-world-brent-oil-prices-to-average-65-b-in-2019-62-b-in-2020/ Tue, 13 Aug 2019 20:20:27 +0000 https://www.dailynewsegypt.com/?p=705046 “We expect growth in US crude oil production to decelerate from 1.6m bpd in 2018 to 1.3m bpd in 2019, 0.9m bpd in 2020,” says IIF

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The Institute of International Finance (IIF) expects that the Brent crude, the global oil benchmark, to average $65 per barrel ($65/b) in 2019 and $62/b in 2020. Brent crude oil prices averaged $65.5/b so far this year.

“We see global liquid fuels inventories rising by 0.15m barrels per day (bpd) in 2019 and 0.25m bpd in 2020. The lower forecast for inventory builds reflects lower expected crude oil production in OPEC+, in light of the July agreement between the 14 members of OPEC and a group of 10 major non-OPEC producers led by Russia to extend the oil production cut agreement through March 2020,” the IIF explained.

It is common practice among oil price forecasters to avoid modeling crisis entirely since the timing, likelihood, and potential impact of political and economic crises on supply and demand for oil are difficult or even impossible to quantify.

Rather, given the shortcomings of using econometric or statistical techniques, most institutions, including the IMF, the World Bank, and the EIA, simply rely on futures markets’ forecast prices, which are highly volatile. In contrast, the IIF bring together futures prices, it`s judgment of political and economic prospects (particularly crude oil supply by OPEC), and simple regression techniques to estimate global demand for oil. As of 7 August, oil futures contracts indicated that Brent prices will average $61.6/b in 2019 and $56/b in 2020.

The IIF mentioned that the US shale industry is facing the challenge of maintaining output growth amid cuts in capital expenditure, noting that the surge in production in the past three years has led to rising costs, as drillers are constrained by the equipment to address emerging bottlenecks in the industry.

“We expect growth in US crude oil production to decelerate from 1.6m bpd in 2018 to 1.3m bpd in 2019 and 0.9m bpd in 2020,” the IIF forecasts.

“We see OPEC’s crude oil production declining by 2.1m bpd in 2019, due to strong compliance with the OPEC+ supply cuts and sharp declines in Venezuela and Iran in the context of US sanctions. In 2020, OPEC’s production may flatten,” the IIF mentioned.

“Saudi Arabia has cut its production to slightly less than 10m bpd in recent months, from a peak of 10.6m bpd in October 2018. We expect Saudi oil production to decline from 10.33m bpd in 2018 to 9.95m bpd in 2019, and to remain flat in 2020. Iraq’s compliance with the OPEC+ agreement remains weak. Libya’s production may decline amid ongoing civil conflict,” it stated.

“OPEC’s crude oil production may increase in 2020, if Venezuela undergoes regime change, and if Iran and the US agree to renegotiate the nuclear deal,” the IIF added.

Concerning the non-OPEC countries, the IIF said that the growth in crude oil production in other non-OPEC countries is likely to accelerate in 2020.

“Output from offshore projects in Brazil and Norway, and easing of production curtailment policies in Canada, could produce an additional several hundred thousand barrels a day of crude oil in 2020. As a result, non-OPEC supply (including the US) is likely to increase by1.6m bpd in 2019 and 1.8m bpd in 2020,” the IIF pointed out.

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Lekela reaches financial close for its 1st wind farm in Egypt https://ww.dailynewssegypt.com/2019/08/10/lekela-reaches-financial-close-for-its-1st-wind-farm-in-egypt/ Fri, 09 Aug 2019 22:03:34 +0000 https://www.dailynewsegypt.com/?p=704922 Project to reduce more than 550,000 tonnes of carbon dioxide emissions per year

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Renewable power generation company Lekela has achieved financial close for its first wind farm project in Egypt, called West Bakr Wind, according to a press statement on Thursday.

The statement said that construction will shortly begin, delivering 250MW of clean, reliable power at a highly competitive price. Once the project is fully operational in 2021, it will produce over 1,000GW per year and power more than 350,000 homes.

CEO at Lekela Chris Antonopoulos said, “As our first project in Egypt, we have enjoyed working closely with partners and stakeholders, including the Egyptian Electricity Transmission Company and the New and Renewable Energy Authority, to get to this point. We see great opportunity to invest in wind energy in Egypt, and we look forward to working in the country for years to come.”

Faisal Eissa, General Manager of Lekela Egypt, said, “We have reached this milestone with our financial partners, International Finance Corporation (IFC), European Bank for Reconstruction and Development (EBRD), and Overseas Private Investment Corporation (OPIC). We can now concentrate on the completion of the project, and will work closely with Siemens Gamesa Renewable Energy, the EPC contractor for the West Bakr project, on the final steps before the project’s full operation scheduled in 2021.”

As part of Lekela’s strategy to create long-term value for the communities in which it operates, the project has developed a Community Investment Plan focusing on enterprise, education and environment initiatives. Local employment opportunities will be created alongside skills development and training to improve future employment prospects. During peak construction, the project will employ up to 550 people.

West Bakr Wind is located on an important bird migration path, so Lekela is working closely with authorities to ensure that wildlife is protected. The company is participating in a “shut down on demand” programme, meaning that when birds are detected the turbines are able to be stopped. Lekela has also signed a protocol with the Egyptian Environmental Affairs Agency and its Migratory Soaring Birds project to contribute towards the funding and implementation of the Migratory Birds Monitoring training programme.

Located 30km north-west of Ras Ghareb, West Bakr Wind is part of the Government’s Build, Own, and Operate (BOO) scheme. It will increase Egypt’s wind energy capacity by 14%, as the country strives to meet its target of generating 20% of its electricity from renewable sources by 2022; which includes 67% partnership with the private sector. The project will also reduce more than 550,000 tonnes of carbon dioxide emissions per year.

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NREA to launch tender for 20MW solar power plant in Hurghada in September https://ww.dailynewssegypt.com/2019/08/07/nrea-to-launch-tender-for-20mw-solar-power-plant-in-hurghada-in-september/ Wed, 07 Aug 2019 16:51:41 +0000 https://www.dailynewsegypt.com/?p=704711 JICA to fund the project with $85m facilitated loan

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The New and Renewable Energy Authority (NREA) will be bidding for the construction of a solar power plant in Hurghada with a capacity of 20MW next month.

A government source told Daily News Egypt that the tender includes the implementation of a solar PV-battery system. The battery system is used to supply the national grid with power during rush hours and at night.

The plant is the first of its kind in Egypt. A technical and economic feasibility study for the station was completed.

The project is funded by a $85m facilitated loan from Japan International Cooperation Agency (JICA), which includes the creation of an environmentally friendly information centre (Zero Energy Building) and it uses renewable energy to feed it.

The source added that the centre will be equipped with all the necessary modern equipment in order to act as a global training centre for workers in this area from the private and public sectors, in addition to establishing a conference hall that accommodates up to 120 people.

The projected capacity is about 30GW/h, saving about 7,000 tonnes of oil equivalent and limiting the emission of about 17,000 tonnes of carbon dioxide.

The Ministry of Electricity is seeking to produce 20% of electricity through new and renewable sources by 2022, through competitive bidding and feed-in tariff projects of 1,465MW, with up to $2.5bn investments.

NREA grants lands for the implementing company under usufruct for 25 years. These projects are part of the Ministry of Electricity’s five-year plan 2017-2022 and within the government’s plan to diversify sources of energy and achieve sustainable development.

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Poly Egypt to supply EGP 8m worth LED curbstone roadside pavements for New Capital https://ww.dailynewssegypt.com/2019/08/07/poly-egypt-to-supply-egp-8m-worth-led-curbstone-roadside-pavements-for-new-capital/ Wed, 07 Aug 2019 09:00:18 +0000 https://www.dailynewsegypt.com/?p=704702 Company has EGP 18m contracts, aims to increase its exports

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Poly Egypt has signed a contract to supply EGP 8m worth LED curbstone roadside pavements for the New Administrative Capital.

Ibrahim Soliman, the company’s sales manager, said that Poly Egypt’s LED roadside pavements will be installed in main roads, most entrances of compounds, Al Masa Hotel, the government neighborhood, and the games complex in the New Administrative Capital. There are also negotiations to supply LED pavements for the Green River region.

He pointed out that the company contracted with the Egyptian Media Production City to install EGP 1.2m worth LED roadside pavements in the main entrances. The company is also installing LED pavements at Emir Sabah Al-Ahmad street in Sharm El-Sheikh, as well as other areas in New Alamein city.

“We have signed a contract to provide LED pavements in Marsa Matrouh Corniche – a waterfront promenade – and develop the conference hall of Egypt International Exhibition Center at El-Moshir Tantawy Axis in New Cairo,” Soliman added.

He said that Poly Egypt has EGP 18m worth contracts to supply LED pavements within seven months. All the company’s products are manufactured in Egypt, but the LED lights are imported.

He pointed out that the company aims to increase its exports of LED pavements next year, mainly Saudi Arabia, Kuwait, and the UAE.

Lighted roadside pavements have been admired widely.

The LED curbstone roadside pavements include plastic pieces with LED lamps inside in different colors. They can be carried, installed, and maintained and no heavy equipment is needed.

Soliman noted that this kind of pavements has a long lifespan, as they are not affected by car hits or natural factors, not to mention that they are 50% lower in cost than cement pavements in terms of transport, installation, and maintenance costs.

He said that Poly Egypt has other products such as interior and exterior decorations for houses, gardens, and malls. The cost of these products varies according to the shape and lighting, adding LED pavements cost EGP 450 per metre.

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EgyptERA sets grid fees for electricity producers, distributors via bilateral contracts https://ww.dailynewssegypt.com/2019/08/07/egyptera-sets-grid-fees-for-electricity-producers-distributors-via-bilateral-contracts/ Wed, 07 Aug 2019 08:30:48 +0000 https://www.dailynewsegypt.com/?p=704697 Fees reach 3.26 piasters per kw/h on ultra-high voltage, 8.43 piasters for high voltage, 10.83 piasters for medium voltage

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The Egyptian Electric Utility and Consumer Protection Regulatory Agency (EgyptERA) announced electricity grid fees for producers via bilateral contracts with consumers.

Sources familiar with the matter told Daily News Egypt that the fees for using the national grid on ultra-high voltage reach 3.26 piasters per kw/h, including 1.99 piasters for transmission and 1.27 piasters for the coverage of electrical losses arising from electricity transport.

The sources pointed out that grid usage fees on high voltage is 8.43 piasters per kw/h, and 10.83 piasters per kw/h on medium voltage.

According to the Electricity Law, each consumer has the freedom to choose an electricity supplier, where the market relies on free competition. The qualified subscribers can contract with licensed electricity producers or distributors via bilateral contracts.

A large number of companies are seeking to implement renewable energy projects under the IPP system, which involves the investor selling the electricity produced directly to its customers through the national electricity grid for specified fees, using an independent product system.

However, the delay in announcing the grid fees has postponed many power projects until the identification and approval of fees.

The sources added that the EgyptERA agreed to increase the contractual capacity on the medium voltage with electricity distribution companies to 30MW instead of 20MW.

This decision comes in the light of the development of the components of distribution networks and the expansion of geographical scope of distribution companies, the diversification of consumption patterns, technological development, and increase of consumers as well as the consequent requests from contractors on electric feeding on medium voltages 11 and 22 kV with distribution companies.

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Electricity Ministry on alert for Eid al-Adha holiday https://ww.dailynewssegypt.com/2019/08/07/electricity-ministry-on-alert-for-eid-al-adha-holiday/ Wed, 07 Aug 2019 08:00:59 +0000 https://www.dailynewsegypt.com/?p=704694 Ministry provides autonomous diesel-generator units to ensure stable service in coastal cities, resorts

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The Ministry of Electricity asserts it’s ready for the Eid al-Adha holiday (11-14 August) when the heat is at its height and the power consumption rates shoot high.

The peak of the summer season (high power consumption) this year coincides with the Eid al-Adha holiday, which puts the ministry on alert, especially that many families flock to coastal cities and resorts so the electricity networks there must be serviced taking into account such crucial period.

The ministry said power networks in these areas were supported with autonomous diesel-generator units (АDGU) – designed for electric energy production in autonomous conditions not depending on central power supply system – to ensure stable service.

It came in a report sent to the Minister of Electricity and Energy, Mohamed Shaker, from the Chairperson of the Egyptian Electricity Holding Company (EEHC), Gaber El-Desouky, on its measures to meet the citizens’ needs of electricity in this period.

Hossam Afify, head of the North Cairo Electricity Distribution Company, said that all electricity cables in coastal regions were checked to ensure that they can withstand the high temperatures. Substations have also been supplied with cooling units.

While Mohamed Al-Sisi, head of the South Cairo Electricity Distribution Company, said all technical support departments are on alert for any power failures, spare parts have been upgraded, and electricity generation units have been checked to avoid disruption.

Moreover, Hamdy Okasha, head of the Behira Electricity Distribution Company, said that maintenance works have been completed in power stations and ADGUs were put on standby. Transportations for electricity statiuons’ employees have been secured, especially in the Northern Coast and Marsa Matrouh, which is witnessing a massive influx of locals and tourists to spend Eid and summer holidays.

On the other hand, Mohamed El Sayed, head of the Suez Canal Electricity Distribution Company, said its EGP 750m ambitious plan of new electricity projects have been completed six months ahead of schedule and that all the areas covered by the company in seven governorates have electricity surplus that can be tapped anytime.

Meanwhile, Samy Abu Warda, head of Upper Egypt Electricity Distribution Company, said the Upper Egypt governorates are also witnessing high influx of citizens during the Eid as many people working in Cairo return hometowns to spend the holiday with their families, which increases the consumption rates in the areas covered by the company. Periodic maintenance of all electricity network components has been completed in preparation for high temperatures.

Moreover, a central operation room has been formed, where all departments will be working in 3 shifts 24/7.

Raafat Shammaa, head of the Central Egypt Electricity Distribution Company, said an ambitious plan has been prepared to improve the efficiency of distribution networks with EGP 1.7bn investment.

Medhat Fouda, chairperson of Alexandria Electricity Distribution Company, said a maintenance plan has been implemented in preparation for the Eid holiday, including replacement and renovation of electricity columns, isolators, and distribution boards.

Maintenance works were also carried out for substations, low voltage cables, and networks. Total 27 ADGUs were deployed to provide access to energy in emergency situations.

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Power plants’ gas consumption to hike to 4.3bn scf/day in August https://ww.dailynewssegypt.com/2019/08/06/power-plants-gas-consumption-to-hike-to-4-3bn-scf-day-in-august/ Tue, 06 Aug 2019 21:20:48 +0000 https://www.dailynewsegypt.com/?p=704678 About 200m scf/day increase due to high temperature, says source

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The natural gas consumption of power plants will increase to about 4.3bn cubic feet of gas per day (scf/day) in August, compared to 4.1bn scf/day in July, due to high temperatures which affects the efficiency of power generation units.

A source at the Egyptian Natural Gas Holding Company (EGAS) told Daily News Egypt that the gas consumption of power plants rose by about 200m scf/day as temperatures increased during the summer months.

He pointed out that the consumption of power stations of fuel oil will also amount to 4,000 tonnes per day this year, compared to about 21,000 tonnes per day last year, given the new gas-fired power stations entering into operation.

The source pointed out that the Ministry of Electricity estimated the maximum rate of consumption of natural gas for power plants during the summer months at about 4.4bn scf/day, in addition to the quantities of fuel oil agreed with the Egyptian General Petroleum Corporation (EGPC).

He explained that the power plants decreased their consumption of gas during the current year because of the new high-quality stations, compared to previous years before the entry of Siemens stations into operation.

Electricity consumption represents 61% of the total natural gas consumption, while the rest of the gas consuming sectors (industry, households, car supply, and petroleum and its derivatives) represent 39%.

Egypt’s natural gas output is expected to reach 7.5bn scf/day by the end of the current fiscal year (FY) 2019/20, compared to 6.8bn scf/day now, the source said.

He added that the new gas fields to be linked to production, such as Zohr, Noras, North Alexandria, and 9B, contributed to offset the rates of natural decline of production and increasing consumption.

He further added that the average consumption of natural gas in the domestic market is growing annually

to reach about 9bn scf/day by FY 2020/21, due to the industrial and construction development plan, the increase of cars running on natural gas, growth of electricity production capacity, and linking more homes to the natural gas grid.

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Oil prices fall to $61.15 per barrel as trade war subsides https://ww.dailynewssegypt.com/2019/08/05/oil-prices-fall-to-61-15-per-barrel-as-trade-war-subsides/ Mon, 05 Aug 2019 20:18:11 +0000 https://www.dailynewsegypt.com/?p=704509 Decline in oil prices to reduce fuel subsidies to 10% in Q1 of FY 2019/20

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Oil prices fell to around $61.15 per barrel on Monday, compared to $64 average last week, as fears that the US-China trade war may become more severe have decreased after US President Donald Trump said the proposed tariffs on China could be delayed or stopped if Beijing took “positive action.”

A source in the oil sector told Daily News Egypt that the continued decline in oil prices in world markets will help the ministerial committee concerned with reviewing fuel prices in September to ease prices of petroleum products.

He pointed out that the decline in the price of a barrel of oil in world markets will reduce the value of fuel subsidies during the first quarter of the current fiscal year (FY) 2019/20 to about 10% of the total actual cost in the domestic market, compared to the planned 15% after the recent increase in the fuel prices at the beginning of July.

Noteworthy, Prime Minister Moustafa Madbouly issued a decision to take charge of the follow-up committee of petroleum products pricing linking it to the local market, except for the gas and petroleum products used by the electricity sector and bakeries. Other costs will also be taken into consideration, in addition to other costs which will be amended in a non-cyclical manner.

These products’ prices will be reviewed in the local market, and the rate of change in the selling price should not exceed or fall below 10% of the selling price.

The Ministry of Petroleum said in a previous statement that the price of octane-92 petrol to reach EGP 8 per litre instead of EGP 6.75, and octane-80 petrol to EGP 6.75 compared to EGP 5.50. The ministry said that the price of the octane-95 petrol increased to EGP 9 per litre instead of EGP 7.75, and rose to EGP 6.75 per litre from EGP 5.50.

The price of LPG cylinders rose from EGP 50 to EGP 65 for domestic use, and from EGP 100 to EGP 130 for commercial use, the statement said.

The price of mazut for the manufacture of bricks and cement increased to EGP 4,500 per tonne instead of EGP 3,500 previously. In addition, the price of natural gas increased for brick kilns manufacture to about EGP 85 per million thermal units (MTU) and to EGP 3.50 per cubic meter for vehicles.

The natural gas price for household, in the first category of 0-30 cubic metres consumption, was estimated to be 235 piasters per metre, the second category of more than 30 to 60 cubic metres was estimated to be 310 piasters, and the third of more than 60 cubic metres was estimated to be about 360 piasters.

The government kept the price of mazut for food and electricity industries unchanged.

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Electricity plants make up 60% of Egypt’s gas consumption in FY2020/21 https://ww.dailynewssegypt.com/2019/08/04/electricity-plants-make-up-60-of-egypts-gas-consumption-in-fy2020-21/ Sun, 04 Aug 2019 18:19:45 +0000 https://www.dailynewsegypt.com/?p=704415 Production surplus will be exported via gas liquefaction plants, sources reveal

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The Egyptian Natural Gas Holding Company (EGAS) estimated that electricity plants will receive 60% of the total domestic gas consumption during the fiscal year (FY) 2020/21, industry sources told the Daily News Egypt on Sunday.

Also, they revealed that Egypt’s industrial sector will receive 30%, and cars, houses and gas derivatives 10%, with the surplus exported through the liquefaction factory.

A source at EGAS told DNE that the domestic gas consumption in FY 2020/21 is estimated to be 7.3bn cubic feet per day (scf/day), due to the industrial development plan, increase in electricity production, the increase in number of households connected to the natural gas grid, and conversion of cars to natural gas.

He pointed out that the growing market needs will be met by connecting wells from Zohr and North Alexandria gas fields to the natural gas grid.

In regards to the current fiscal year, he revealed that domestic gas consumption is estimated to reach nearly 6.5bn scf/day.

Egypt’s overall development plans forecast that domestic gas average consumption to record 9bn scf/day, by FY2020/21.

The Ministry of Petroleum aims to link Zohr, North Alexandria, and Borollos gas field to increase domestic gas production.

In addition to the gas imports from Cyprus and Israel, which will help to operate the gas liquefication plants at their contractual rate.

The plan of the Ministry of Petroleum aims to complete the implementation of the fields of Zohr and North Alexandria, as well as the fields of Borollos.

The source pointed out that the increase in Egypt’s natural gas production contributed to achieving self-sufficiency locally, with the operation of the Idku liquefaction plants through the gas coming from Cyprus and Israel and the Jordan gas pipeline, while retaining the gasification ship in the Arab Petroleum Pipelines Company (SUMED)’s pier at Ain Sokhna port.

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Cairo Airport obtains license to distribute electricity for five years https://ww.dailynewssegypt.com/2019/08/04/cairo-airport-obtains-license-to-distribute-electricity-for-five-years/ Sat, 03 Aug 2019 22:25:47 +0000 https://www.dailynewsegypt.com/?p=704327 Airport expected to sell 171m kw/h in FY 2020

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Cairo International Airport has obtained a license from the Egyptian Electric Utility and Consumer Protection Regulatory Agency to distribute electricity for five years, and the license shall be renewed annually.

Daily News Egypt has viewed the license obtained by the Cairo Airport which lasts until next June with a contractual capacity of 139.5MW. The total energy expected to be sold in the first year of the license is 171m kw/h.

According to the Minister of Civil Aviation’s decision No. 450 of 2017, a new activity was added to Cairo International Airport which allows the company to produce, generate, sell, and distribute electricity to others bodies.

According to the license, the sale price of kw/h will be determined according to the prices announced by the government for each fiscal year, and this license does not give the licensed company any kind of monopoly in any region in Egypt.

According to an official in the Egyptian Electric Utility, the tourism investment arm of Misr Italia Group renewed its license for the distribution of electricity, obtained last year, with a power transmission capacity of 4.5MVA, and the total power purchased was 3.5m kw/h.

He added that Global Energy, El Gouna Electric, Emak for Utilities and Services, Birla Carbon, have renewed their licenses.

The agency also approved the renewal of electricity production and distribution licenses for one year ending on 30 June for East Port Said Power, Sidi Krir Generating Company, Midor Electricity Company, and Consukorra for Trade Agencies.

The Agency has decided to amend the value of permit issuance and application study fees since July.

The fees of studying application were estimated at EGP 500 per MW, up to a maximum of EGP 500,000 and a minimum of EGP 100,000.

According to the Electricity Law, each user has the freedom to choose his own electricity supplier as the market should be based on free competition.

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Egypt’s crude oil, petroleum products imports decrease by $3bn in FY2019/20: Government sources https://ww.dailynewssegypt.com/2019/08/03/egypts-crude-oil-petroleum-products-imports-decrease-by-3bn-in-fy2019-20-government-sources/ Sat, 03 Aug 2019 20:37:30 +0000 https://www.dailynewsegypt.com/?p=704308 Country’s domestic consumption of natural gas to increase to 51.1 million tonnes

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Prominent government sources estimated that imports of crude oil and petroleum products during the fiscal year (FY) 2019/20 to decline by 21.8% to 22.2 million tonnes of crude oil, compared to 28.4 million tonnes, in previous FY.

Consequently, imports cost will fall to $13.1bn down from $16.1bn in the previous fiscal year, the sources told Daily News Egypt.

The sources attributed the decline to the new fields that have been linked to production lines.

Egypt’s consumption of petroleum products and gas is forecasted to increase to 92.4 million tonnes in FY2019/20, up from 89.7 million tonnes in FY2018/19. Natural gas consumption will register at 51.1 million tonnes in the current FY, compared to 48 million tonnes last year, the sources revealed.

The forecasted increase in consumption would cover the electricity sector’s needs for petroleum products and natural gas.

Furthermore, plenty of oil and gas projects are expected to be completed in the current FY, including; El Wastani Petroleum Company’s Balsam field; third phase of Pharaonic Petroleum Company’s Ras El Bar fields; and Agiba Petroleum Company’s Maliha gas processing plant.

“The strategy includes refining, processing, and transportation projects, such as the construction of the initial distillation unit at state-owned Middle East Oil Refinery Co.’s (Midor) refinery, vapour recovery unit at Assuit Refinery (vru), and the replacement and renewal projects of the crude oil line from Mostorod to Tanta,” the sources added.

As for the project relating to the production of crude oil, they include the Mazut hydrogen cracking complex at the Egyptian Refining Company (ERC) in Cairo’s Mostorod area, and Port Said gas pipeline.

Furthermore, the sources revealed that the strategy also includes the completion of the Nubaria – Metnama Gas Pipeline, and the establishment of the Gamasa – Fenosa pipeline in Damietta Governorate.

Petrochemical projects are related to the production of polypropylene and styrene citrine in Alexandria.

Earlier, government sources told Daily News Egypt that the Ministry of Petroleum aims to export 12 million tonnes of natural gas during FY 2019/20, worth $2bn, up from $580m during FY 2018/19, according to government sources.

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Egypt reconsider its 2030 plan of expansion in building power plants https://ww.dailynewssegypt.com/2019/08/01/egypt-reconsider-its-2030-plan-of-expansion-in-building-power-plants/ Wed, 31 Jul 2019 22:29:28 +0000 https://www.dailynewsegypt.com/?p=704128 Stability of energy demand drives the government to relocate some stations

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The Ministry of Electricity has decided to amend its previous plans for the implementation of electricity production projects until 2030, after the stability seen in energy demand growth, and increasing surplus.

A government source told Daily News Egypt that officials from the Ministry of Electricity will hold meetings with their counterparts in the ministries of finance, petroleum, and planning to discuss possible scenarios for power project, and decide which of them to follow based on the actual demand growth rate.

The sources explained that there is currently a low growth in energy demand, which raised the possibility of postponing some planned power projects.

The electricity sector is looking for ways to get out of this problem, whether by studying the acquisition offers of the new power stations in New Administrative Capital, Burullus, and Beni Suef to cut Egypt’s debts while bringing in much-needed foreign investment.

The source added that there is currently about 15GW surplus of electricity production per day.

“Since the electricity interconnection projects with Saudi Arabia, Cyprus, Greece, and Sudan still need more time,” they explained, adding that in case their implementation was accelerated, the surplus would still cover the electricity exports, which would range between 10GW and 13GW.

Sources in the Ministry of Electricity said that the projects that might be postponed include a coal-fired plant in Oyun Musa with a capacity of 2,640MW, and another in Damanhour.

In 2016, the Ministry of Electricity set a long-term plan for the implementation of electricity production projects until 2030 with a capacity of 51.7GW and total investments of $135.3bn.

According to the ministry’s strategy to diversify the power resources, by the end of 2029/30, the contribution of natural gas and mazut power stations will be about 49%, followed by 15% from coal-fired plants, 26% from solar, thermal, and wind power; 3% from gas and diesel plants; about 4% from nuclear plants, and 3% from hydroelectric plants.

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Baltim South West field to start production at 500m scf/day by mid-2020: BP https://ww.dailynewssegypt.com/2019/08/01/baltim-south-west-field-to-start-production-at-500m-scf-day-by-mid-2020-bp/ Wed, 31 Jul 2019 22:22:03 +0000 https://www.dailynewsegypt.com/?p=704126 Linking the field to national gas network is underway, says EGAS source

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British Petroleum (BP) aims to start production of about 500m cubic feet per day (scf/day) from the newly discovered Baltim South West field, in the East Nile Delta, by the middle of 2020.

A source at the Egyptian Natural Gas Holding Company (EGAS) told Daily News Egypt that work is underway to develop the field and link it to the national natural gas network.

He added that BP Egypt announced the discovery of natural gas in the region of South Baltim in June 2016, located near the Nooros field, which currently produces more than 1bn scf/day.

The source said the development plan includes drilling six wells in the Baltim South West field, and the construction of an offshore platform.

He explained that a marine line will be constructed to transfer production to Abu Madi processing plant at a cost of $380m

The Baltim SW-1 exploration well, drilled in water depth of 25 metres by operator IEOC (Eni), reached a total depth of 3750 metres and penetrated approximately 62 metres of net gas pay in high quality Messinian sandstones.

The discovery, which is located 12 km from shoreline, is a new accumulation along the same trend of the Nooros field discovered in July 2015.

BP holds a 50% stake in the Baltim South Development lease, and Eni, through its subsidiary IEOC, holds 50%. The well was drilled by Petrobel, a joint venture between IEOC and the state partner Egyptian General Petroleum Corporation (EGPC).

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AFSEC holds extraordinary meeting in Cairo https://ww.dailynewssegypt.com/2019/07/31/afsec-holds-extraordinary-meeting-in-cairo/ Wed, 31 Jul 2019 08:40:56 +0000 https://www.dailynewsegypt.com/?p=704060 The AFSEC assembly discussed at the extraordinary meeting the redrafting of its strategic plan 2019-2024 to include provisions for such cooperation.

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Under the patronage of the Ministry of Electricity and Renewable Energy, the African Electrotechnical Standardisation Commission (AFSEC) held an extraordinary meeting in its new permanent headquarters in Cairo after it moved from the temporary headquarters in South Africa early this year.

AFSEC, a subsidiary body of the African Energy Commission (AFREC), is responsible for standardising and issuing standard specifications in the field of electrical equipment in the African continent, with reference to the standards of global standards, following their harmonisation through its technical committees to suit the conditions and requirements of the continent. It also ensures the conformity of the specifications of the equipment that is manufactured or imported with the standard specifications.

The AFSEC meeting follows the signing of the Free Trade Agreement in July. One of the provisions of this agreement was that the relevant bodies, including AFSEC, would facilitate trade through cooperation in the fields of specifications, conformity assessment, measurement, and accreditation.

The AFSEC assembly discussed at the extraordinary meeting the redrafting of its strategic plan 2019-2024 to include provisions for such cooperation.

The committee also discussed the programme of youth participation in its activities, which currently includes nine young people working in the field of specifications.

The importance of this extraordinary meeting is also the election of a new chairperson and treasurers as well as some of the presidents of the technical committees to study the specifications according to the requirements of development projects in member countries. These committees also include experts in various fields of electric power and renewable energy.

The meeting was attended by the heads of national standards committees in 16 African countries, as well as representatives of African organisations related to standards, measurement, accreditation, organisers of transport, distribution, and energy vessels in Africa. Representatives of development partners and international financial institutions also attended the meeting.

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