fund | Egypt Oil & Gas - Part 2

SN to Fund Solar Energy Companies in Nigeria

Solar Nigeria Program (SN) will provide additional $16.17m to reputable solar energy companies in Nigeria to assist their ongoing projects. The grant would help strong companies to accelerate their expansion to provi ...

Three Companies Make It to FiT phase(1)

The Egyptian Electricity Holding Company chief ,Eng. Gaber El Dessouky, said that three companies out of nine made the cut for phase one of FiT program.

UKEF to Fund $400 to GE’s Ghana Deal

UK Export Finance (UKEF) will provide $400m in support for a GE Oil & Gas contract in Offshore Cape Three Points (OCTP) project in Ghana.

SEFA Funds Bio-Fuel Plant in Uganda

Sustainable Energy Fund for Africa (SEFA) granted $993,000 to power developer Earth Energy Co Ltd for preliminary works for the development of a 20MW biomass gasification project in Uganda.

Oil to Fund 40% of Nigeria Fiscal Plan

Nigeria to focus on crude oil to fund the 2017 fiscal plan where oil mineral resources are projected to provide 40% of the revenue.

Shell, Nigeria Signed Funding MoU

Shell Companies in Nigeria has signed memoranda of understanding (MoU) with eight Nigerian banks under the revised Shell Contractor Support Fund in order to offer loans faster and at cheaper rates.

EBRD to Invest in Renewable Energy

European Bank for Reconstruction and Development (EBRD) decided to finance Egypt's renewable energy by around $544.38m

Egypt to Receive Walidiya Plant Bids

The Upper Egypt Electricity Production Company will start receiving bids on the five tenders for the 650 MW Walidiya power plant

France Offers $75.8m Gas Grant to Egypt

The French Development Agency (AFD) has offered Egypt a $75.7m grant to finance a mega-project that aims to facilitate access to natural gas to 2.4m Egyptian households.

Kenya Receives Loan to Develop Geothermal Energy

Kenya has received a $29.65m loan to finance its drive for geothermal energy production, as the country aims to reach the targeted 5,000 MW of power with minimal mix from thermal sources.

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