Electricity | Egypt Oil & Gas - Part 30
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, reported Amwal al Ghad. The new loan will be secured without req...
Egyptian State Company to Present Solar Project in Aswan
The Egyptian State company proposed a megaproject to generate 100 megawatts of energy using solar power in Upper Egypt’s Aswan city, reported Aswat Masreya. The project will involve companies from Egypt and five...
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, the Minister of Electricity said on Thursday. The project will cost EGP 2.1bn and is expected to be c...
Sisi Discusses Energy Rationalization with Petroleum, Electricity Minsiters
President Abdel Fattah al-Sisi discussed rationalising energy and reducing waste during a meeting with the electricity and petroleum ministers on Wednesday. Sisi, Electricity Minister Mohamed Shaker and Petroleum Mini...
Daylight Savings Time Canceled for 2015
With the sever power shortage Egypt passes through during the summer months, the Egyptian cabinet decided not to switch to daylight saving time this summer. The decision to cancel the practice all together is still be...
Oman Electricity Co. Poised to Issue Dollar Bonds
State-owned Oman Electricity Transmission Co (OETC) plans to meet fixed income investors starting on Wednesday for a potential debut US dollar bond issue, a document from lead arrangers showed. The firm, which develop...
Egyptian Electricity Holding to Receive EGP100m from MIDB
Misr Iran Development Bank ( MIDB ) is working on inject EGP100m in an EGP1.5bn ($196.6m) financing for state-owned Egyptian Electricity Holding Company ( EEHC ), reported Amwal Al-Ghad. EEHC ‘s financing is bei...
Egypt Signs $27.6m Deal to build Transformer Station
Egyptian Electricity Transmission Company (EETC) signed on Thursday a deal to establish a transformer station worth 210.8 million pounds (US$27.6 million) in the Suez Canal region, announced Ahmed Hanafi Chairman of E...
