Electricity | Egypt Oil & Gas - Part 29
NBE and Banque Misr to Fund Power Plant
A new banking consortium, involving two of Egypt’s biggest public banks, the National Bank of Egypt (NBE) and Banque Misr, plans to secure a multi-billion Egyptian pound syndicated loan for a power plant in Red Sea.
Egypt to Boost Coal Production Despite Un-need
Energy experts said Egypt loses 20% of its electricity energy due to poor and old networks, in addition to a lack of oil and natural gas supplies. Egypt currently suffers from a major energy crisis due to the increas ...
New $1.3bn Ain Sokhna Power Plant to Generate 1,300MW
A new power station opened in Egypt on Wednesday, adding 1,300 megawatts to the country’s electricity grid at a cost of EGP9.6 bn ($1.3bn). Egypt’s Electricity Minister Mohamed Shaker and Prime Minister Ibrahim Mahl ...
Egypt Brings in Foreign Partners to Generate Electricity
An American and a German firm will operate in Egypt to generate 3,600 megawatts of electricity together, Egypt's premier said on Monday.
Egypt’s First Floating Power Plant
Arab Energy is finalizing all necessary approvals to supply the first floating 200MW power plant, with investments worth more than $180m. The plant will be located in an Egyptian port, to connect its production with ...
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.
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 ...
Consortium of 10 Banks to Loan the EEHC
A consortium of ten banks is offering a loan of $1.3bn, EGP 10bn, of financing to the state-run Egyptian Electric Holding Company (EEHC) with new terms.
