News / Egypt
El Molla Modifies Gas, Oil Shipments Repayment
Repayment period for gas shipments and petroleum products for Egypt increased to 3 months from arrival
Egypt Plans to Increase Electricity Tariffs
The Egyptian Electricity and Renewable Energy Minister, Mohamed Shaker, announced that the government is to increase electricity tariffs for both residential and commercial consumption to counter balance the rise in the cost of production. El Molla Appoints New President for ESHPETCO
Tarek El Molla, has appointed the geologist Mustafa Taher as President of Esh El Mallaha Petroleum Company (ESHPETCO).
Egypt’s Power Plants’ Gas Consumption Increased
The Egyptian Ministry of Petroleum announced that the gas usage of power stations has increased to 3.4bcf/d, up from 3.3bcf/d.
Misr Insurance Secure Two Oil Ships for $30m
Egypt's Misr Insurance Company, a subsidiary of Misr Insurance Holding Company, signed a contract worth $30m with Red Sea International Petroleum Services to insure two of their ships.
Egypt Approves Waste-to-Energy Tariffs
The Egyptian Cabinet of Ministers approved the waste-to-energy feed-in tariffs pricing recommended by the ministerial committee assigned to study projects for energy production from agricultural, solid, and communal wastes.
Egypt Launches Solar Power Tender
The Egyptian New and Renewable Energy Authority (NREA) prepared a tender to construct a new solar power plant in Hurghada with a capacity of 20 MW. The Japan International Cooperation Agency’s (JICA) offered to fund the project.
Electricity Minister to Address Investors Concerns on FiT Projects
Egypt's Minister of Electricity, Mohamed Shaker, will meet with renewable energy investors to discuss their demands regarding the feed-in tariff projects. 
