Egypt to Invest Over EGP 100b in Power

• Tuesday, 20th September 2016
• by Sarah Samir

The Egyptian Minister of Electricity and Renewable Resources, Mohamed Shaker, stated that Egypt must produce a total of 21,952 MW of power until 2018, to meet local demand. This requires investments estimated at EGP ...

Siemens to Install Steam Generator in Gas-Fired Power Plants

• Tuesday, 16th August 2016
• by Sarah Samir

The first heat recovery steam generator (HRSG) modules from Korea is to be installed in Siemens' gas-fired power generation complexes in Beni Suef plant in Egypt by mid-September.

Developers to Withdraw from Egypt’s FiT Program

• Monday, 15th August 2016
• by Egypt Oil & Gas

Up to 35 solar energy firms are considering withdrawing from the first phase of Egypt’s Feed-in Tariff (FiT) program due to delays, currency risks, and government's insistence on domestic arbitration, as developers a ...

EFG Hermes Closes $618m European Wind Farm Deal

• Sunday, 19th June 2016
• by Egypt Oil & Gas

Egypt’s leading investment bank, EFG Hermes, has announced that its renewable energy platform, Vortex, has acquired a 49% stakes in an operational 664 MW portfolio of 23 wind farms in Europe, from the Madrid-based, E ...

Egypt Grants 56 New Renewable Energy Licenses

• Monday, 1st February 2016
• by Egypt Oil & Gas

The Egyptian Electricity Utility and Consumer Protection Regulatory Authority (EEUCPRA) granted 56 new and renewable energy temporary licenses to set up solar and power plants under the feed-in tariff system.