Electricity | Egypt Oil & Gas - Part 13

Cabinet Approves EGP 37b Loan for Power Grid Capacity

The Ismail cabinet reportedly signed off on EGP 37b in loans to the Egyptian Electricity Transmission Company (EETC) to fund expansions to absorb a production capacity of 18GW by 2018. The National Bank of Egypt will ...

EGEMAC Spends EGP 350m on Machinery Supply

The Egyptian Electricity Transmission Company (EETC) has contracted the Egyptian German Electrical Manufacturing Company (EGEMAC) to supply machinery for two transformer stations in Sharm El Sheikh and Hurghada at a t...

Nigeria’s Gas Producers Threaten Force Majeure

Nigeria’s gas producers threatened to declare force majeure over the inability of Generation Companies (Gencos) to settle outstanding arrears of over $630m for supplying gas to its power plants, reported Nigeria...

AfDB to Run Nigeria’s Power Company

African Development Bank’s (AfDB) energy expert, Usman Gor Mohammed, was appointed to run Transmission Company of Nigeria (TCN), owned by Nigeria’s Power Ministry, in attempts to enhance the current power situat...

Egypt Invests EGP 29b in Electricity Projects

The Head of Egyptian Electricity Transmission Company (EETC), Gamal Abdel Rahim, explained the position of the company’s projects and future plans that are being implemented to meet the added capacities in the summer....

Ethiopia Inaugurated New Hydropower Plant

Ethiopia inaugurated a $1.57b hydropower plant along the Omo River in the country’s south region that will nearly double total electricity output to 4,238MW, Reuters informed. The Gibe III dam, which reaches 243...

Rwanda to Develop 80MW Power Plant

Rwanda signed a new deal that seeks to develop an 80MW peat power plant to boost the country’s ambitious target of achieving 70% of access to electricity by 2019, ESI Africa reported.  YUMN will build the facili...

Nigeria, GE Sign Solar Power Plant MoU

The Northern States Governors’ Forum and the General Electric (GE) International signed a memorandum of understanding (MoU) for the construction of five solar plants, which would generate 500MW of electricity in some ...

Algeria to Keep Power, Gas Prices Stable

Algeria’s national electricity and gas group Sonelgaz’s CEO, Mustapha Gouitouni , reassured customers that no increase in the prices of electricity and gas is scheduled during the remainder of 2016, All Africa reporte...

GE to Operate Iraqi 3 GW Power Plant

GE has signed a multiyear $520m agreement in Iraq with Mass Energy Group Holding. The contract includes operation and maintenance services, as well as GE’s advanced digital industrial solutions for the 3.0 GW gas-fire...

Page 13 of 32

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