Latest in Energy Highlight
Latest in Energy
The government’s plans to develop renewable energy is to blame for mismanagement and unfair practices, says Hesham Tawfik
Licensing of two companies to take place over next two months, says El-Mazni
The concern about ‘arbitration inside Egypt’ is moving from tariff projects to competitive tenders
Drilling the first well is completed at 4,000 metres depth, says source
EU holds workshop with Egyptian ministries to implement TARES project
19 institutions are competing to provide the smart meters including Huawei, ZTE, and Elsewedy
A misplaced comma in the contract may cause crisis, says Minister of Electricity
RWE’s contract in Gulf of Suez concession ends in July 2017; no request for renewal
A recent visit by Egypt’s Foreign Minister could signal potential cooperation between Israel and Egypt in the eastern Mediterranean gas fields. However, given domestic market needs mixed with a complicated history in Egypt-Israel business relations in the energy sector, the future remains unclear
The ministry provides about 30,000 tonnes of fuel oil and 4,000 tonnes of diesel to run the plants
The government is taking its partner’s share, about $50m per month, and does not pay all of it, claims a source
The modification to the exchange rate is the main reason for the increase in electricity prices
Three Chinese banks will finance the project, says Shanghai Electric Egypt director
Indicators for the second well revealed larger reserves; six wells to be drilled in total at a cost of $100m each
The solar plane has left Seville in Spain. Its next stop is Cairo, on a flight that is expected to take 50 hours. From Cairo, there will be only one more leg to Dubai – then the sun-powered world tour will be completed.
As EU and US negotiators have begun a new round of talks on the TTIP free trade pact, Greenpeace has published leaked documents, saying they would show Germany’s drive toward renewable energy is in ‘mortal danger.’
Prices to be approved and applied mid-month
The company is also seeking to implement a similar power plant in Aswan
AEDCO, Egemac, and Grid Solutions are the most prominent contenders for the transformers tender
An oil pipeline belonging to the Italian oil company Agip came under several attacks in Nigeria’s oil-rich Bayelsa state. On Friday, the oil militants, the Niger Delta Avengers, claimed responsibility for the attacks.
The global drop in oil prices has led to a decline in Egypt’s export proceeds by $3.7bn during the first nine months of fiscal year (FY) 2015/2016, according to the Central Bank of Egypt (CBE). In its balance of payments (BOP) report issued on Sunday, the CBE revealed that commodity exports have reached $13.4bn from …
Payment of cost-sharing third instalment postponed until completion of contract with the consultant
Germany’s decision a few years ago to phase out nuclear power was an abrupt move. But it still remains unclear who foots the bill for shutting down the nation’s nuclear plants, as utilities seek damages from the state.
The cost-sharing agreement includes linking solar power plants with the national electricity grid, as well as the infrastructure of Banban area in Aswan.
Two additional shipments will be imported monthly during H2 of 2016, says El Molla
The ministry will announce its final position within two weeks, say sources
Increasing the quantity of gas imports will meet the demands for economic development, says Petroleum Minister El-Molla
Brent hike moves Aramco bill to $350m this month
Ministry of Electricity and Energy awaits cabinet’s approval to conclude signing of agreement to carry out first phase of project within two months
Safbon is planning to establish drinking water desalination and waste recycling plants in Kafr El-Sheikh, Fayoum, and Cairo