power | Egypt Oil & Gas - Part 3
Bahrain Launches $738m Power Grid Project
Bahrain’s Prime Minister, Prince Khalifa bin Salman Al Khalifa, recently launched a $738m power grid development project, aimed to upgrade the energy infrastructure with a new high-voltage power transmission network, ...
China’s Wind Power Generation Expected to Triple by 2030
The wind power installed capacity in China will increase from approximately 149GW in 2015 to over 495GW by 2030, representing a Compound Annual Growth Rate (CAGR) of 9%, according to Renewable Energy Focus. China has ...
Namibia: Nampower to Sign Power Supply Agreement With Eskom
The Namibia power utility Nampower is finalising a bilateral agreement with the South African Eskom for 200MW power supply, according to the company, All Africa reported. “Any additional supplies that may be req...
Nigeria’s NNPC loses $121.63m due to Vandalism
The Nigerian National Petroleum Corporation (NNPC) said it recorded around $121.63m loss in February, when gas supply decline of 70mmscf/d to power plants due to vandalism of the Forcados export line, The Nation repor...
Nigeria’s Forte Oil Seeks to Raise $502m for Expansion
Nigerian Forte Oil, which owns a power plant and sells gasoline in the country, plans to raise as much as $502m in equity or debt this year as it aims to double profit and expand its activities, Bloomberg reported. It...
Egypt, Russia Sign Nuclear Contract This Month
Egypt and Russia are planned to sign this month the main contracts for setting up Egypt’s first nuclear plant in Dabaa, Russian Ambassador in Cairo, Serge Kirpichenko announced. Several Russian teams visited Egy...
Nigeria Presents Plan to Renew its Power Sector
Nigeria has presented a new, comprehensive 13-point plan to renew power sector in the country, Vanguard reports citing Nigerian Minister of Power, Works and Housing, Babatunde Fashola. Among the key components of the ... Tanzania Plans to Sell 49% of Power Utility Tanesco
Tanzania’s government plans to sell 49% of shares in the state-owned power utility company, Tanzania Electric Supply Company (Tanesco), to the public this year, while retaining a controlling stake, AllAfrica rep...
