The Ministry of Electricity

  • Egypt’s Phase I FiT Deadline Will Not Change

    Egypt’s Phase I FiT Deadline Will Not Change

    Tuesday, 18th October 2016
    The Egyptian Electricity Holding Company declined extending the period for the financial closure of phase I projects.
  • Egypt to Sign FiT Phase I PPAs

    Egypt to Sign FiT Phase I PPAs

    Thursday, 13th October 2016
    The Egyptian Ministry of Electricity is ready to sign power purchasing agreements under the terms of phase one of the feed-in tariff (FiT) program
  • Egypt Paid $2.35b to Siemens

    Egypt Paid $2.35b to Siemens

    Monday, 10th October 2016
    The Egyptian Ministry of Electricity paid $2.35b to Germany's Siemens for construction work in addition to providing turbines and equipment for Burullus power plant, Beni Suef Power Plant, and New Capital Power Plant.
  • Egypt Owes EGP 200b to EGPC

    Egypt Owes EGP 200b to EGPC

    Monday, 10th October 2016
    The Egyptian General Petroleum Corporation (EGPC) has EGP 200b unpaid dues from government ministries and state-owned institutions for providing them with petroleum products and derivatives.
  • Egypt to Lift Power Subsides by 2019

    Egypt to Lift Power Subsides by 2019

    Monday, 10th October 2016
    Sources with the Egyptian government stated that no budget was allocated for electricity subsidies in Egypt starting from fiscal year 2018/2019.
  • Egypt Raises Electricity Prices for Industries

    Egypt Raises Electricity Prices for Industries

    Sunday, 14th August 2016
    In accordance with the increase in electricity prices by 21% to 23% for energy intensive industries using high voltage, Egyptian manufacturers and merchants are planning to raise their selling prices. The impact on inflation is thus expected to take effect in September.
  • Electricity Ministry Ponders Siemens’ Renewable Energy Project

    Electricity Ministry Ponders Siemens’ Renewable Energy Project

    Wednesday, 3rd August 2016
    The Egyptian Ministry of Electricity and the New & Renewable Energy Authority are studying an offer proposed by the German energy company Siemens to produce 10,000 MW of renewable energy in Egypt by December 2016.