News / Egypt

Update-1 El Sewedy wins Part of Siemens’ $9bn Power plant

Egyptian cable company El Sewedy Electric announced it had won a 785m euro portion of a 2 billion euro ($2.27 billion) deal to build a combined cycle power plant in Beni Suef, south of Cairo, in a consortium with Germany's Siemens.

Saudi- Egyptian Cooperation in the Electricity Sector

Saudi Arabia's water and electricity minister, Abdullah Ben Abdelrahman Al-Hussein, arrived in Cairo to meet with officials over possible cooperation between Egypt and Saudi Arabia, state news agency MENA reported.

15m Household Units to be Exempt from July’s Electricity Bills

A government committee is set to exempt millions of subscribers from an upcoming electricity price hike, following a Sunday presidential decision to ease the financial burden on poorer citizens, reported state-owned Al-Ahram.

Cyprus to Export Gas to Egypt

The Aphrodite natural gas field off Cyprus has been proven to be commercially viable and plans include producing 8bcm a year and construction of a pipeline to Egypt for exporting.

Tiba-Qena 4km Road Lit by Solar Energy

Minister of Housing Mostafa Madbouly announced the launch of the the first central solar energy plant lighting along 4km of the Tiba-Qena eastern desert road.

Egypt Foreign Reserves Fall to $19.5Bn

Egypt's foreign currency reserves edged down to $19.559 billion at the end of May from $20.5 billion the previous month, the central bank said on Sunday.

Dana Gas Begins Drilling in Balsam-2

Dana Gas, the Middle East’s leading regional private sector natural gas company, is pleased to confirm that it has commenced drilling the Balsam-2 development well in the Balsam Development lease onshore Nile delta.

Pumping Gas to Fertilizer Factories a Priority for EGAS

The Egyptian Natural Gas Holding Company (EGAS) agreed with the Ministry of Agriculture to prioritize supplying natural gas in the summer months to fertilizer factories that feed the local market.

Egypt to Secure Citizen’s Needs of Butane Gas for Ramadan

Egypt's Supply Ministry will coordinate with the Egyptian General Petroleum Corporation (EGPC) to deliver Butane gas for home and commercial consumption, Khaled Hanafi- Minister.

Egypt Secures 135 mcf of Gas for Expected Hike in Summer Electricity Demand

The ministers of petroleum and electricity agreed to pump approximately 135m cubic meters of gas, fuel oil and diesel daily for power stations over the following summer months.

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