Egypt | Egypt Oil & Gas - Part 386
EETC Signed 3 FiT Deals
The Egyptian Electricity Transmission Company (EETC) signed three Feed-in-Tariff (FiT) phase I agreements with Nubian, ARC, and Irena with investments estimated at $250m and a production capacity of 125MW.
EIB Agreed to Loan Egypt $800m
European Investment Bank (EIB) approved the issuance of over $800m in loans to support Egyptian economy.
EGPC Launched Fuel Tender
The Egyptian General Petroleum Corporation (EGPC) launched a tender to receive oil and gas imports during the first half of November.
Dresser-Rand Awarded Turbines Bid
Dresser-Rand won a tender by Egyptian Petrobel-Belayim Petroleum to provide 3 SGT-400 turbines along with their electricity generator to Zohr gas field located 200km near Egyptian coastline.
Egypt to Add 80mcf/d of Gas from Noroos
Italian Eni plans to link 80mcf/d of gas to national grid from its Nooros concession by the end of November 2016.
EGAS Launched LNG Tender
The Egyptian Natural Gas Holding Company (EGAS) launched the world's biggest tender for liquefied natural gas (LNG) during October, with a price tag of several billion dollars.
Solar Firms Joined FiT Phase I
Three firms are ready to sign energy purchasing agreements with the Egyptian Electricity Transmission Company (EETC) under Egypt's phase I of the Feed-in-Tariff (FiT) program.
EBRD to Invest in Renewable Energy
European Bank for Reconstruction and Development (EBRD) decided to finance Egypt's renewable energy by around $544.38m
