News / Egypt
South Valley Cement Invests EGP 200m to Shift to Coal
South Valley Cement Company (SVCE) is currently installing a coal mill that is scheduled to be finished by mid-2016, said General Manager Ahmed Ibrahim to Amwal al Ghad.
NBE’s Loans to the Petroleum Sector Amount 40bn
Ayman Yassin, Head of Corporate Banking Group at the NBE told Daily News Egypt in an interview that the petroleum sector's loan for the fiscal year of 2014/2015 had reached 40bn, in comparison with 27bn in the fiscal year of 2013/2014.
15 Companies to Acquire 19 Sq. km for Renewable Projects
15 firms operating in alternative energy in Egypt have acquired land plots to implement 15 renewable energy projects with total capacities of 720MW.
10,000 Tons of Imported LPG Reaches Egypt
Over the past week Alexandria and Suez Ports have received more than 10 thousand tons of imported LPG to meet local needs, reported Almal News.
Petroleum Minister: Supply Gap is Due to Political Termoil
In his opening address during a symposium on regulating gas market in Egypt, pointed out that the exceptional circumstances witnessed by Egypt during the past four years created a temporary gap between the production and consumption of natural gas and petroleum products.
Press Release: Ministries of Electricity and Petroleum to Egyptian Citizens
The Ministries of Electricity and Petroleum announced that the recent significant rise in temperature and humidity taking place in the country has led to an unprecedented increase in demand for electricity consumption and increased loads.
Dana Gas Reports 85% Drop in Profit from Year Earlier
The UAE-based Dana Gas announced an 85% drop in profit compared to last year, reported Bloomberg.
Egypt Launches Tenders for 500MW of Renewable Energy Projects
The Egyptian Electricity Transmission Company (EETC) and the New and Renewable Energy Authority (NREA) have announced three new tenders for renewable energy totaling 500MW, reported PV Tech.
