renewable energy | Egypt Oil & Gas - Part 12

IFC to Invest up to $700M in Renewable Energy Projects

The International Finance Corporation (IFC) plans to invest approximately $700 million in renewable energy projects in Egypt during the current fiscal year, according to its Regional Director, Mouayed Makhlouf, The Na...

El Molla Meets with ACWA Power CEO

Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, met with the CEO of ACWA Power, Paddy Padmanathan, to review the company’s energy and water-desalination projects in Egypt and the region, Eg...

ACWA Power to Build Solar Plants in Aswan Province

ACWA Power has agreed to build three solar photovoltaic power plants in Aswan Province, Egypt Oil & Gas reports. The company entered into a Power Purchase Agreement with the government to build the plants under th...

Egypt, EBRD to Ink $60M Renewable Energy Deal

The Egyptian government is set to sign a $60-million agreement with the European Bank for Reconstruction and Development (EBRD) next week, according to Investment Minister, Sahar Nasr, reports Amwal Al Ghad. The agree...

Eskom Invests in Renewable Energy Research

Eskom’s Power Plant Engineering Institute (EPPEI) is going to donate $302,693 to the Center for Renewable and Sustainable Energy Studies (CRSES), based at Stellenbosch University, in line with its long-term plan to in...

Norway’s Scatec to Lauch Solar Projects in BenBan

Norwegian project developer Scatec Solar has signed 25-year solar projects with the government of Egypt. The schemes, all of which are located in the BenBan area near Aswan, were selected by the country’s Ministry of ...

Italgen to Invest $350m in Zaafarana Wind Power Station

Egyptian Minister of Investment and International Cooperation Sahar Nasr met with Italgen  CEO Giuseppe de Beni to discuss the company’s Energy investment in Egypt. The company considers investing an amount of $350 to...

EBRD to Finance Egypt’s Green Economy

The European Bank for Reconstruction and Development (EBRD) along with the European Union (EU) and the French Development Agency  (AFD) will offer $140m loans for Egypt to increase energy efficiency projects, reported...

Solar Power Companies Consider Exiting FiT

Seven solar power companies that signed on projects under the terms of the second phase of the feed-in tariff (FiT) program are reportedly considering backing out due to the rising costs, according to  Al Borsa. The c...

Green Energy to Recycle Wastes for Energy Prodution

Green Energy Solution Company is willing to run its new plant that will produce energy from recycling agricultural waste in Beni Suef governorate by June 2017. Chairman of Green Energy Solution, Mohamed El Sayed, said...

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