News / Egypt
AfDB mulls financing Solar Energy Project in Egypt
The African Development Bank Group (AfDB) is considering a US$50 million finance in favour of a solar energy project in Egypt, an AfDB source with knowledge of the mater told Amwal Al Ghad.
BP to Start Investing in Egyptian Gas Project This Year Says CEO
British Petroleum (BP) will start investing in a gas project in Egypt’s Nile Delta this year, Sputnik News quoted Group CEO Robert Dudley as saying.
Daylight Savings Time Canceled for 2015
With the sever power shortage Egypt passes through during the summer months, the Egyptian cabinet decided not to switch to daylight saving time this summer.
Egyptian and Italian Firms Coalescing Round New Solar Power Project
Misr Asset Management (MAM) is planning to inaugurate a solar power plant by end of 2015, at investment cost worth US$50 million.
Gamesa Grabs 220MW in Egypt
Spanish manufacturer Gamesa signed a deal for the construction of the 220MW Gulf of El Zayt wind farm on the Egyptian Red Sea coast.
Eni Achieves Record Production in Western Desert
Eni reached a record level of production of 70 thousand b/d in the Western Desert of Egypt, doubling its level of production in three years. Eni announced in a statement.
Indian’s Sanmar to Invest $350m in Egypt
Indian petrochemical giant Sanmar plans to invest $350m in the expansion of its Egypt plant Trust Chemical Industries (TCI) in Port Said, raising its total investment in the country to $1.45bn.
