Electricity | Egypt Oil & Gas - Part 17
African Development Bank Announces $12b for Energy Projects
The African Development Bank Group has unveiled what it calls a ‘New Deal on Energy for Africa’ at the World Economic Forum in Davos, Switzerland, All Africa reported. The bank will spend $12b on the proje...
China to Build Two Coal Power Plants in Egypt
Egypt signed conditional contracts with Chinese electrical engineering companies to build two coal-fired power plants and develop a transmission grid. The agreements are conditional upon the completion of the technica...
US’ General Electric to Build Wind Power Plant in Egypt
USA’s General Electric (GE) is planning a 150MW wind power plant in Egypt. The Egyptian Electricity Holding Company (EEHC) and GE are currently working on finalizing the deal, officials at the Ministry of Electr...
Schneider Electric Participating in 1.5m Acre Wells Project
Schneider Electric will participate in a 1.5m acre project via investment in running project wells through solar power, said Industrial Sector Head, Mohamed Shaheen, according to Almal News. The first phase of the 1.5...
Nigeria’s Azura Power Plant to Begin Construction
Nigeria’s plan to build a 456MW gas-fired power plant, Azura, outside of Benin City is finally becoming a reality, as the World Bank is set to guarantee the investment to begin the construction, All Africa reports. Th...
World Bank Approves $27m Loan for Energy Access in Liberia
The World Bank has approved a $27m loan to Liberia to support access to energy for rural Liberians, All Africa reports. The goal of the funding is to increase access to affordable and reliable electricity in the coun...
$25m Power Plant to Be Built in Egypt’s 6 October City
Sheikh Zayed City Development Authority is in the process of launching a 500 MW power plant, with investments worth EGP 200m ($25.5m). The plant will be built on a 15,000 square meters over a period of 2 years, Gamal ...
Egypt to Receive $99m Loan from Kuwait
The Egyptian government and the Kuwait Fund for Arab Economic Development (KFAED) have finalized an agreement for a $99m (KWD 30m) loan for Egypt. The loan will be directed towards funding a project that will expand E...
