News / Egypt
African Development Bank to Increase Hydropower Generation in Egypt
The African Development Bank (AfDB) plans to boost energy generation capacity at hydropower plants to 40,000 MW, with connections to Nigeria, South Africa and Egypt, according to AfDB’s report issued Tuesday.
Egypt to Tap into Cyprus Offshore Gas Fields by 2017
Marine pipeline will be established to Aphrodite field within three years
IDB-Egypt Cooperation in Infrastructure, Energy and Transportation
Minister of International Cooperation denies reports that bank demands repayments of loans owed by Egypt
Access Power Signs Renewable Energy Deal with Egypt
A Memorandum of Understanding (MoU) was signed Wednesday between the Egyptian Ministry of Electricity and Renewable Energy (MERE) and Access Power MEA, during the Middle East Solar Industry Association’s (MESIA) Renewable Energy Trade Mission in Cairo April 28-29, 2015.
Egypt’s Renewable Sector Held Back by Currency Instability
Mohamed El Sobki, chairman of Egypt’s New & Renewable Energy Authority (NREA), stated at the event Tuesday that the country was targeting 18,000 megawatts of renewable energy projects.
Banque du Caire Issues Letters of Credit Worth $36m to EGPC
Ayman Mukhtar, General Director of the Banque du Caire’s Corporate Credit Sector, announced that his bank has agreed this week to open a credit line worth $36 million for EGPC to import crude oil.
New Increase in Electricity Prices
The Electricity Ministry announced an increase in electricity prices to take place at the beginning of the 2015-2016 fiscal year, in July.
Petroleum Industry Promotions
The Minister of Petroleum Sherif Ismail approved the following promotions within state-owned companies.
