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Tag: EBRD

Egypt's gas transmission strategy (Petroleum Economist)

Posted: January 13, 2018 at 6:58 pm   /   Oil & Gas

With natural gas from the super-giant Zohr field now flowing ashore, plans are in place to make distribution of the fuel more efficient and to expand wind power. For the Egyptian government, 20 December 2017 was a red-letter day. It was when Eni produced first gas from the Zohr field 190km (118 miles) from the […]

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EBRD provides $200 million loan to develop Egypt’s gas infrastructure

Posted: December 30, 2017 at 6:07 pm   /   Oil & Gas

The EBRD is providing a US$200 million loan to the Arab Republic of Egypt to finance the modernisation of selected gas infrastructure facilities, which shall improve energy efficiency and reduce impacts on the environment. Egypt has an energy intensive economy compared to its neighbouring regional countries, making it among the top five greenhouse gas (GHG) […]

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Egypt: Clearer thinking (Petroleum Economist)

Posted: December 17, 2017 at 7:16 pm   /   Oil & Gas

The country has committed itself to reducing the volume of associated gas that’s flared at oilfields. No visitor to Cairo or any other city in Egypt can help noticing the air pollution—the perennial smog that chokes the lungs as much as it obscures the view of the Pyramids and other tourist sites. While there’s no […]

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Egypt joins World Bank's “Zero Routine Flaring by 2030” initiative

Posted: December 10, 2017 at 7:40 pm   /   Oil & Gas

* Egypt joins global initiative to end routine gas flaring. * Announcement at EBRD event in Cairo that discusses roadmap to achieve ambitious target. Egypt announced today that it will be a signatory to the “Zero Routine Flaring by 2030” initiative, a global effort to reduce gas flaring at oil production sites. The endorsement was […]

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EBRD approves $200 million loan for EGAS energy efficiency project

Posted: November 9, 2017 at 4:46 pm   /   Oil & Gas

The European Bank for Reconstruction and Development (EBRD) approved earlier this week a $200 million loan to finance the energy efficiency project of the Egyptian Natural Gas Holding Company (EGAS). Focusing on improving the gas pipeline and transmission network of Egypt, the EBRD said on its website that the loan will be directed to installing […]

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BPE Partners, Infinity Solar invest $190m in 130 MW Benban solar plants

Posted: November 1, 2017 at 5:02 pm   /   Renewables

BPE Partners (formerly Beltone Private Equity), the Egypt-based Egypt-focused private equity manager, jointly with Infinity Solar Energy SAE “Infinity”, an Egyptian renewable energy developer, and Ib Vogt GmbH, an international solar developer established in Germany, have successfully reached financial closure of three solar power plants located in Benban, Egypt for a total capacity of 130MW. […]

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EBRD to decide on funding $200m EGAS Energy Efficiency Project in November

Posted: October 1, 2017 at 4:17 pm   /   Oil & Gas

The European Bank for Reconstruction and Development (EBRD) will decide in November on funding the EGAS Energy Efficiency Project with USD 200 million. The project would see investments channeled towards developing energy efficiency and waste heat recovery installations along the gas pipeline and transmission network. (Source: Enterprise.press)

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EBRD, Proparco commit $116 million to finance Benban solar power plants

Posted: August 22, 2017 at 3:33 pm   /   Renewables

EBRD and Proparco sign first projects under Egypt Renewable Energy Framework. The two institutions have committed US$ 58 million each for two 50 MW solar photovoltaic power plants. Egypt has taken a major step forward in its use of renewable energy sources with the support of the European Bank for Reconstruction and Development (EBRD) and […]

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EBRD, GCF contribute $1 billion to support major renewable energy project in Egypt

Posted: August 20, 2017 at 8:26 pm   /   Renewables

EBRD and Green Climate Fund join forces to support major renewable energy project in Egypt. GCF’s largest finance package to boost Egypt’s renewables in partnership with EBRD. The European Bank for Reconstruction and Development (EBRD) and the Green Climate Fund (GCF) are teaming up to make a major contribution to a US$ 1 billion renewable […]

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EBRD approves $500 million for private renewable projects in Egypt

Posted: June 11, 2017 at 5:46 pm   /   Renewables

The European Bank for Reconstruction and Development (EBRD) has taken a major step forward in the rollout of renewable energy with the approval of a US$ 500 million framework to finance renewable energy in Egypt. The financing, approved by the EBRD’s Board of Directors on 7 June 2017, supports the development of private renewable energy […]

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