News / Egypt
EBRD to Boost Egypt’s Energy Sector with $170m
The EBRD has arranged a $170m loan facility to support safety standards in Egypt's energy sector.
Egyptian Solar Projects Increasing, Exports Possible by 2020
The European Bank for Reconstruction and Development (EBRD) has allocated $500m to finance solar energy in Egypt in 2016 - a part of a larger renewables effort, which may allow Egypt to export solar-generated energy by 2020, according to REC Group.
Egypt, India in Talks over Industry Trade
Minister of Petroleum and Mineral Resources, Tarek El-Molla met with Ambassador of India, Sanjay Bhattacharyya to explore ways to strengthen bilateral relations between the two countries in oil, gas and petrochemicals seeking mutual economic benefits, reported Egypt Oil & Gas.
Shell, Misr El-Kheir Foundation to Provide Entrepreneurship Training for Young Egyptians
Shell has announced the expansion of its “Intilaaqah Egypt Program” to include a 12-month training for 500 young Egyptian entrepreneurs helping them start their own businesses in 2016.
CBE Unable to Meet EGPC’s Dollar Needs
The Central Bank of Egypt is unable to provide the Egyptian General Petroleum Corporation with its monthly requirement of $700m for the import of petroleum and gas materials and the payment of loans from foreign banks.
TAQA to Build New Solar Plants in Egypt
TAQA Arabia is seeking to expand its solar power generation projects in Egypt.
Egypt Signs 24 Agreements with Renewable Companies
The Egyptian Ministry of Electricity has signed cost-sharing agreements with 24 renewable energy companies, which have qualified for the feed-in tariff program to build solar and wind power plants.
Sisi Seeks Greater Funding, Shared Responsibility at COP21
Egyptian President Sisi spoke at the UN Climate Change Conference in Paris on November 30th. Sisi stated support for a binding deal, but raised an issue of disparity between developed and developing countries' contributions to climate change.
