Egyptian Ministry of Electricity and Renewable Energy

  • Egypt Nullified 6 MoUs for Coal-Fired Power

    Egypt Nullified 6 MoUs for Coal-Fired Power

    Tuesday, 6th September 2016
    A source from the Egyptian Ministry of Electricity and Renewable Energy stated that the ministry might consider nullifying memorandums of understanding (MoU) for 6 coal-fired electricity plants. He added that the ministry will issue new tenders for the projects, to guarantee that the Egyptian government obtains the best financial offerings.
  • Ministry of Electricity Persists on FiT Terms

    Ministry of Electricity Persists on FiT Terms

    Tuesday, 23rd August 2016
    The Egyptian Minister of Electricity, Mohamed Shaker, maintained his position regarding funding and arbitration of solar projects.
  • Egypt to Consider International Arbitration in FiT Agreements

    Egypt to Consider International Arbitration in FiT Agreements

    Sunday, 21st August 2016
    The Egyptian Ministry of Electricity and Renewable Energy is considering international arbitration in the second phase of Feed-in Tariff (FiT) program for renewable energy.
  • Development of New Capital Power Plant is 30% Complete

    Development of New Capital Power Plant is 30% Complete

    Sunday, 21st August 2016
    Cairo Electricity Production's CEO, Mohamed Mokhtar, stated that progress is underway on the Egyptian New Capital's power plant, estimated to cost $2b in investments, with 30% of the project completed.
  • Electricity Ministry Borrows EGP 5b to Pay EGPC

    Electricity Ministry Borrows EGP 5b to Pay EGPC

    Wednesday, 17th August 2016
    The Egyptian Ministry of Electricity agreed to obtain a loan worth EGP 5b to pay its dues to the Egyptian General Petroleum Corporation (EGPC) as the ministry needs to pay for fuel provided to power plant.
  • Developers to Withdraw from Egypt’s FiT Program

    Developers to Withdraw from Egypt’s FiT Program

    Monday, 15th August 2016
    Up to 35 solar energy firms are considering withdrawing from the first phase of Egypt’s Feed-in Tariff (FiT) program due to delays, currency risks, and government's insistence on domestic arbitration, as developers announced after meeting with the Minister of Electricity and Renewable Energy, Mohamed Shaker,
  • Solar Energy Investors In Dispute over Domestic Arbitration

    Solar Energy Investors In Dispute over Domestic Arbitration

    Sunday, 7th August 2016
    The Egyptian Ministry of Electricity and Renewable Energy faces late disagreements with solar energy co-investors over domestic arbitration regarding renewable projects.
  • Egypt to Ink Dabaa Nuclear Plant Final Contract Soon

    Egypt to Ink Dabaa Nuclear Plant Final Contract Soon

    Tuesday, 19th July 2016
    Egypt's Minister of Electricity and Renewable Energy, Mohamed Shaker, affirmed that the final binding contract for the Dabaa nuclear plant, that will remain in effect for 60 years, is to be endorsed soon.
  • EU’s TARES Project in Egypt Eyes 18% Energy Saving by 2035

    EU’s TARES Project in Egypt Eyes 18% Energy Saving by 2035

    Tuesday, 19th July 2016
    The European Union (EU) has announced that their funded Technical Assistance to Support the Reform of the Energy Sector (TARES) project in Egypt can achieve feasibly energy savings up to 20 million tons of oil equivalent (mtoe) by 2035, corresponding to 18% of the total consumption in 2035.
  • Saudi Acwa Power Mulls $12b Energy Investment in Egypt

    Saudi Acwa Power Mulls $12b Energy Investment in Egypt

    Tuesday, 10th May 2016
    Saudi company Acwa Power intends to invest $12b in the Egyptian energy market over the next five years.