Italian-based Building Energy, a leader in renewable power, announced Monday it had signed an agreement worth $200 million to build two 50 MW photovoltaic plants in Egypt.
Bank Audi-Egypt has participated in a loan that will be given to the Egyptian Electricity Holding Company (EEHC), according to Mohamed Abbas Fayed, Deputy Chairman & Managing Director of the bank.
Egypt's prime minister said on Thursday that Transport Minister Hany Dahi would temporarily take on the portfolio of the energy minister while he was travelling.
Russia-based Rosneft has announced that it has signed and agreement with the Egyptian General Petroleum Corporation (EGPC) to supply oil products into Egypt.
Egypt’s state-owned gas company EGAS will carry out the largest seismic oil and gas exploration project in the Mediterranean, seeking data that could attract global exploration companies, it said
Some 10 global firms operating in alternative energy have put in requests to obtain licensing to run renewable energy projects in Egypt, the head of Electric Utility and Consumer Protection Regulatory Agency Dr. Hafez Salamawy said.
Sidi Kerir Petrochemicals Co “Sidpec” Chariman Ahmed Helmy, said that five local banks offered to finance the 200 thousand tons capacity per year ethylene production project, with $ 600 million investments.