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Tag: Abu Qir
Edison

Edison, Qalaa Holdings scrap plan for 150 MW Abu Qir power plant

Posted: September 25, 2018 at 2:58 pm   /   Electricity & Power

Edison and Qalaa Holdings have decided to scrap their plan to build a $150 million combined cycle power plant in Abu Qir after determining that the project would not be financially feasible with current power tariffs, an unnamed source from Edison tells Al Masdar. Qalaa and Edison had planned to sell power from the 180 […]

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Abu Qir production rose to 66 bcf of natural gas, 1.2m barrels of crude oil

Posted: October 24, 2017 at 2:14 pm   /   Oil & Gas

The total gas production of Abu Qir Petroleum Company rose to 66 billion cubic feet during the 2016/2017 fiscal year, Petroleum Minister Tarek el Molla said Monday. The company’s output of crude oil and its derivatives also rose to 1.2 million barrels, the minister said. Abu Qir Company is a joint venture between the Egyptian […]

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UAE

ADFD provides $85 million in strategic funding for energy projects in Egypt

Posted: July 26, 2017 at 1:10 pm   /   Electricity & Power

The Abu Dhabi Fund for Development (ADFD) and the Government of Egypt have long enjoyed close and strategic ties. The constructive cooperation between the two parties continues to promote sustainable development in vital economic sectors that benefit the citizens of Egypt. To date, the Fund supported Egypt with Abu Dhabi government grants and concessionary loans […]

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Qalaa

Qalaa, Edison postpone government negotiations to build €100 million Abu Qir power plant

Posted: June 20, 2017 at 8:04 pm   /   Electricity & Power

Qalaa Holdings and Italy’s Edison postponed negotiations with the Electricity Ministry to build a EUR 100 mn power plant in Abu Qir, until the ministry announces new electricity prices in July, Al Borsa reports. The plant, which is expected to produce 180 MW, is co-financed by both companies. Electricity from the project would be sold […]

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