Egypt | Egypt Oil & Gas - Part 388

IDB to Cover Fuel Imports

Egypt is in talks with the Islamic Development Bank (IDB) to secure funds for the Egyptian General Petroleum Corporation (EGPC) to import petroleum derivatives,

Egypt Invested $5.49m in Solar Plant

The Egyptian Academy of Scientific Research and Technology (ASRT) will launch a new solar power plant in Sharkya with investments around $5.49m.

Oil Vessel Capsized in The Red Sea

An Egyptian official stated that Margo Marine Oil Transportation Company's Sea Star Oil Vessel has capsized in the Red Sea near Abu Rdees city.

Egypt to Sign Nuclear Deal in 2016

Rosatom will complete surveying the location and data analysis for the construction of the Dabaa nuclear power plant within November to pave the way for the contract signing in December.

Egypt Launched Sustainable Energy Strategy

The Egyptian Prime Minister, Sherif Ismail, signed off on the country's 2035 Sustainable Energy Strategy during a meeting with the Egyptian Supreme Council of Energy.

ERC to Payoff Mostorod Loans in 2018

The Egyptian Refining Company will begin paying off the first installment of external loans for the company's refining project at Mostorod starting 2018, immediately following the project's launch.

Egypt to Receive Walidiya Plant Bids

The Upper Egypt Electricity Production Company will start receiving bids on the five tenders for the 650 MW Walidiya power plant

GE to Build 2000MW Wind Farm

The Egyptian Ministry of Electricity and Renewable Energy will finalize General Electric's proposal to construct a wind farm with capacity 2000 MW.

Egypt to Settle Power Plants’ Gas Bill

Starting January 2017, the Ministry of Electricity plans on settling it's outstanding dues of EGP 60b for gas purchases used in fueling power stations.

Egypt’s Phase I FiT Deadline Will Not Change

The Egyptian Electricity Holding Company declined extending the period for the financial closure of phase I projects.

Page 388 of 456

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