1:01 pm ADES International awarded new offshore drilling rig contract in Egypt
12:51 pm Egypt announces the launch of its first giant oil tanker at Port Said
12:40 pm China’s Silk Road Fund acquires 49% stake in ACWA Power’s renewables unit
12:03 am Wintershall Dea supports Petroleum Sector’s Blood Donation Campaign
1:30 pm Energean submits final offer for Edison’s Oil & Gas assets
1:23 pm Total considers expanding exploration in West Mediterranean, Red Sea
IRENA: Egypt can generate over 50% of its electricity with renewable energy
IRENA’s new ‘Egypt Renewable Energy Outlook’ report shows renewables could present cost savings of USD 900 million annually. Egypt has the potential to generate up to 53 per cent of its electricity from renewable sources by 2030, according to a new report […]
IRENA’s Director meets President Sisi to discuss Egypt’s energy future
Mr. Adnan Z. Amin, Director-General of the International Renewable Energy Agency met Egyptian President Abdel Fattah el-Sisi yesterday during a high-level visit to the country. Mr. Amin was in Cairo to launch the Agency’s Renewable Energy […]
Blackstone launches new MENA focused Energy Development Company
Private Equity Funds managed by Blackstone today announced a partnership with an experienced management team, led by Sameh Shenouda, the former Head of Infrastructure Equity Investments at CDC Group, the UK government-owned Development Finance Institution […]
Egypt signs €20 mn deal with Spain’s TSK for Kom Ombo solar park
Egypt’s New and Renewable Energy Authority NREA and the Spanish energy giant TSK Grupo signed on Thursday a contract to set up a 26 MW photovoltaic plant, also known as a solar park, in Kom […]
KarmSolar to raise EGP 500 million for first phase of expansion plan
Attijari Finances signs an agreement with KarmSolar to act as Advisor and coordinator for the fastest growing Egyptian solar energy company. KarmSolar, Egypt’s fastest growing solar energy solutions company, has signed an agreement with Attijari […]
TAQA Arabia, Hassan Allam break ground on EGP 1.35 bn Benban solar plant
Qalaa Holdings subsidiary TAQA Arabia and Hassan Allam Holding have begun constructing their EGP 1.35 bn, 50 MW solar power plant in Aswan’s Benban complex, Qalaa said in a statement to the EGX. The project […]
Egypt receives two bids under $0.03/kWh for 200 MW Kom Ombo solar project
The lowest bid was submitted by Spanish developer Fotowatio, which offered US$0.02791 per kWh. Slightly higher, at $0.02799 per kWh, was the offer of Saudi power company, ACWA. The Egyptian Electricity Transmission Company (EETC) will […]
LA Times: World’s largest solar farm rises in the Egyptian desert
In 1913 on the outskirts of Cairo, an inventor from Philadelphia named Frank Shuman built the world’s first solar thermal power station, using the abundant Egyptian sunshine to pump 6,000 gallons of water a minute […]
Sisi inaugurates world’s largest wind farm at Gabal El-Zeit
Egyptian President Abdel Fattah al-Sisi on Tuesday has inaugurated a number of new electricity mega projects in the country, including the Gabal El-Zeit wind farm that is considered the largest in the world. Launched in […]
Hassan Allam, Lightsource BP form JV for solar energy projects in Egypt
Industry leaders Hassan Allam Holding and Lightsource BP to form joint venture to develop solar energy projects in Egypt JV agreement to develop and operate utility scale solar projects in Egypt Creates a major player […]
