News / Egypt
Egypt Boosted Siemens’ Profits
Germany's Siemens stated that it had boosted its net profit in the quarter ending September by 18%. This increase came from Siemens' large power plants in Egypt.
Egypt to Finalize FiT Phase I Deals
The Egyptian Ministry of Finance is preparing to sign power purchase agreements with nine renewable energy companies in the first phase of the Feed-in-Tariff (FiT) energy purchasing program before the end of November.
Ethydco Produced Ethylene
Ethydco complex has successfully produced and supplied ethylene and derivatives to the local market and exported excess following the technology of global Univision Company.
Egypt Delayed Power Project Bid Closing
The Egyptian Electricity Transmission Company (EETC) delayed receiving bids for Switchyard Electricity projects tender Cairo Electricity Production Company and Upper-Egypt Electricity Production Company (UEEPC) until mid December.
Egypt Expanded in Renewable Energy
The Egyptian Minister of Electricity and Renewable Energy, Mohamed Shaker, stated that the Egyptian electricity sector launched 3 new renewable energy tenders under the build, own, and operate (BOO) system.
Egypt, Belarus Talked Oil, Gas Relations
The Egyptian Minister of Petroleum and Mineral Resources met with Belarusian Ambassador to Egypt to discuss possible cooperation between the two countries in the fields of petroleum and minerals.
EGAS to Evaluate Gas Projects
The Egyptian Gas Holding Company (EGAS) started reassessing the gas projects that will be linked to national grid until the end of 2017.
Egypt to Pay EGP 60b in Power Subsidies
The cost of Egypt's power subsidy has increased from EGP 30b to EGP 60b for the current fiscal year 2016/2017.
