Kuwait to Receive $1b for Refinery Renovation

• Thursday, 6th April 2017
• by Editorial Team

Kuwait’s Al-Ahmadi Oil Refinery, which is managed by Kuwait National Petroleum Company (KNPC), will receive $1b in funding from the Japan Bank for International Cooperation (JBIC), in addition to Japanese mega-b...

SN to Fund Solar Energy Companies in Nigeria

• Thursday, 30th March 2017
• by

Solar Nigeria Program (SN) will fund reputable solar energy companies in Nigeria by giving them additional $16.17m to assist their ongoing projects, The Guardian reported. SN’s Private Sector Coordinator, Ifunanya Nwa...

Three Companies Make It to FiT phase(1)

• Monday, 27th February 2017
• by Dr. Mahinaz El-Baz

The Egyptian Electricity Holding Company chief ,Eng. Gaber El Dessouky, said that three companies out of nine made it to the first phase of the Feed-in Tariff (FiT) program. The rest of the six companies are to be con...

UKEF to Fund $400 to GE’s Ghana Deal

• Tuesday, 17th January 2017
• by Editorial Team

UK Export Finance (UKEF) will provide $400m in support for a GE Oil & Gas contract in Offshore Cape Three Points (OCTP) project in Ghana, Offshore Engineer reported. This is the first time a European export credit...

SEFA Funds Bio-Fuel Plant in Uganda

• Tuesday, 3rd January 2017
• by Editorial Team

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, Ecofin Agency reported. Bes...

Oil to Fund 40% of Nigeria Fiscal Plan

• Tuesday, 3rd January 2017
• by Editorial Team

Based on a proposed plan by the Nigerian government to the National Assembly, the country has turned its attention to crude oil to fund the 2017 fiscal plan where oil mineral resources are projected to provide 40% of ...

Shell, Nigeria Signed Funding MoU

• Monday, 21st November 2016
• by Editorial Team

Shell Companies in Nigeria, supported by the Nigerian National Petroleum Corporation (NNPC), has signed memoranda of understanding (MoU) with eight Nigerian banks under the revised Shell Contractor Support Fund in ord...

EBRD to Invest in Renewable Energy

• Tuesday, 25th October 2016
• by Sarah Samir

European Bank for Reconstruction and Development’s (EBRD) Director in Egypt, Philip ter Woort, stated that EBRD decided to finance Egypt’s renewable energy sector by around $544m, reported Daily News Egypt...

Egypt to Receive Walidiya Plant Bids

• Tuesday, 18th October 2016
• by Sarah Samir

The Upper Egypt Electricity Production Company’s CEO, Ibrahim El Shahat, stated that the company will start receiving bids on five tenders for the 650MW Walidiya power plant, reported Al Mal News. The  tenders, ...

France Offers $75.8m Gas Grant to Egypt

• Monday, 30th May 2016
• by Egypt Oil & Gas

The French Development Agency (AFD) has offered Egypt a $75.8m grant to finance a mega-project that aims to facilitate access to natural gas to 2.4m Egyptian households. The project tends to prioritize the underprivil...