Egypt | Egypt Oil & Gas - Part 390

Egypt to Keep FiT Solar Rates As-Is

The Egyptian Minister of Electricity and Renewable Energy, Mohamed Shaker, stated that the ministry will not reprice its contracts with the renewable energy companies under the energy purchasing feed-in tariff (FiT) ...

Egyptian Parliament to Discuss New Gas Law

The Energy Committee at the Parliament will start holding discussions on the new Gas Regulatory Law in mid December.

Ganope Extended Its Exploration Tender

Ganoub El Wadi Petroleum Holding Company (Ganope) announced the extension of the closing date of its international bid round for 2016 on 10 Blocks.

FiT Investors to Bear Increased Construction Costs

The Egyptian Ministry of Electricity aims to increase costs sharing percentages associated with solar energy Feed-in-Tariff (FiT) by 30% after EGP devaluation.

Egypt Pushed Back Power Projects

The Egyptian government decided to postpone negotiations on five power projects for which it had signed memorandum of understandings (MoU) in Sharm El Sheikh in March 2015.

EEHC, NSPO to Review Smart Meter Bids

The Egyptian Electricity Holding Company (EEHC) and the National Service Products Organization (NSPO) will complete analysis of the offers presented by nine local and international firms tendered to the Ministry of ...

El Molla Reviewed Petrobel’s Nedoco Progress

Belayim Petroleum Company (Petrobel) finished testing its new wells Nedoco South West7 and Nedoco West 3. In addition, the company added Nedoco South West 2 to the national grid early November, with a capacity of 85m ...

Egypt to Issue Financial Guarantee for Wind Farm

The Egyptian Ministry of Finance approved issuing a financial guarantee for a new 250MW wind farm in the Gulf of Suez to be granted to a venture between Toyota, Orascom and GD France.

Egypt to Establish 4 New Electricity Firms

The Egyptian Electricity Holding Company's (EEHC) General Assembly approved establishing four companies with a total capital of EGP 180b.

Third FSRU Delayed until Further Notice

The Egyptian Minister of Petroleum, Tarek El Molla, announced the postponement of the third floating and storage regasification unit (FSRU) with a capacity of 750mcf/d of liquefied gas.

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