fund | Egypt Oil & Gas - Part 2
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.
