Egypt | Egypt Oil & Gas - Part 432
African Development Bank to Increase Hydropower Generation in Egypt
The African Development Bank (AfDB) plans to boost energy generation capacity at hydropower plants to 40,000 MW, with connections to Nigeria, South Africa and Egypt, according to AfDB’s report issued Tuesday.
Access Power Signs Renewable Energy Deal with Egypt
A Memorandum of Understanding (MoU) was signed Wednesday between the Egyptian Ministry of Electricity and Renewable Energy (MERE) and Access Power MEA, during the Middle East Solar Industry Association’s (MESIA) Rene ...
New Increase in Electricity Prices
The Electricity Ministry announced an increase in electricity prices to take place at the beginning of the 2015-2016 fiscal year, in July.
The Second Annual Energy Investment Conference in Egypt to Kickoff May-25
The second annual Energy and Future of Investment in Egypt Conference is scheduled to take place in Cairo May 25. The conference will be held under the auspices of Egypt’s Petroleum Minister Sherif Ismail and Ministe ...
Petroleum Ministry Owes EGP 100Bn to Finance Ministry
The debt of the Ministry of Petroleum to the Ministry of Finance has climbed to reach EGP 100bn. The main reason for that was the Ministry’s effort to pay accumulating arrears to foreign partners.
Egypt Receives $6bn from Saudi Arabia, UAE & Kuwait
Saudi Arabia, Kuwait and the United Arab Emirates deposited $6bn with Egypt's Central Bank, the bank's governor said, a sign that the gulf powers remain committed to propping up the Egyptian economy.
Egypt to Save EGP 1.5bn from Energy-Efficient Street Lighting
A project to replace 3.89 million street lamp bulbs with energy-efficient ones is expected to save Egypt EGP 1.5bn.
Egypt to Receive $500m Loan from World Bank to Expand Natural Gas Grid
Egyptian President Abdel-Fattah El-Sisi ratified a $500m loan agreement with the World Bank to fund the expansion of the national natural gas grid, where 1.5m households will be added to the grid.
