Egypt, EU sign Memorandum of Understanding for energy cooperation
Electricity & Power / Oil & Gas / Renewables

Egypt, EU sign Memorandum of Understanding for energy cooperation

Egypt and the European Union continue to share strong bilateral energy relations as well as an understanding of the opportunities and challenges facing the region. Partnership in the energy sector comes on top of the areas of common interest between Egypt and the EU in view of its importance as a driver of economic growth … Continue reading

ADIA to invest $2 billion in Egypt’s electricity, oil & gas sectors
Electricity & Power / Oil & Gas

ADIA to invest $2 billion in Egypt’s electricity, oil & gas sectors

UAE’s ADIA to invest USD 2 billion in Egypt’s electricity, oil, and infrastructure in 2H2018: The Abu Dhabi Investment Authority (ADIA) is planning to invest USD 2 billion in Egypt’s electricity, oil, and infrastructure sectors in 2H2018, the head of the Arab Union for Direct Investment (AUDI) Mohamed Sameh tells Ahram Gate. Investments from the … Continue reading

Revolta to introduce Tesla electric vehicles to Egypt’s market by mid-April
Electricity & Power

Revolta to introduce Tesla electric vehicles to Egypt’s market by mid-April

Egypt is going to have electric cars soon: The first batch of Tesla electric cars are expected to hit Egypt’s market by mid-April, Revolta Egypt CEO Mohamed Badawy said, Al Mal reports. The shipment has reportedly been stalled at customs, according to Badawy. Revolta is importing the Tesla cars as part of its plan to … Continue reading

Power dominates MENA energy investment plans – Oil & Gas Journal
Electricity & Power

Power dominates MENA energy investment plans – Oil & Gas Journal

Electric power accounts for most energy investment planned in the Middle East and North Africa (MENA) during the next 5 years as oil and gas spending recovers in the region’s major oil-producing countries. Arab Petroleum Investments Corp. (Apicorp), Dammam, projects 5-year energy spending of $919 billion in MENA countries. Of that, $345 billion is for … Continue reading

Egypt plans to add 20,000 MW to its energy capacity in 2 years
Electricity & Power

Egypt plans to add 20,000 MW to its energy capacity in 2 years

19.2m tonnes of mazut equivalent saved per year in fuel consumption at production plants. Daily News Egypt obtained a copy of the national plan to improve energy efficiency in Egypt for 2018-2020. This plan is the second in place to improve energy efficiency in Egypt. The government took into account the challenges that faced the … Continue reading

GE’s new Badr substation in Egypt connects 1.5 GW to the grid
Electricity & Power

GE’s new Badr substation in Egypt connects 1.5 GW to the grid

The Badr substation will play a strategic role in the future Egypt-Saudi Arabia Interconnection Project. The Badr substation will connect the upcoming Egypt – Saudi Arabia Interconnection Project, helping to deliver electricity to over 1 million homes. The new substation will secure power supply with minimum loss of transferred power. GE will also provide local … Continue reading