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Tag: EBRD

Egypt inaugurates first phase of 1.8 GW Benban solar park

Posted: March 16, 2018 at 2:05 pm   /   Renewables

Infinity Solar inaugurated its 50 MW power plant as part of Benban solar park. Egypt’s Minister of Electricity Mohamed Shaker inaugurated on Tuesday the first phase of Egypt’s Benban solar park in Aswan, set to be largest in the world upon completion at 1.8 GW total capacity, Arabic Ahram news website reported. The event marks […]

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Benban solar power complex wins Thomson Reuters’ Project Finance International Award

Posted: February 9, 2018 at 8:29 pm   /   Renewables

Egypt’s solar power complex Benban, located near Aswan, set to become the largest solar park in the world, won on Wednesday the Thomson Reuters’ project Finance International Award for “Global Multilateral of the Year,” Zulficar & Partners, a law firm that advised the Egyptian Electricity Transmission Company (EETC) on the project agreements, said in a […]

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EBRD to loan Suez Oil Processing Co. $200 milion

Posted: February 5, 2018 at 4:50 pm   /   Oil & Gas

The European Bank for Reconstruction and Development (EBRD) is provisioning a USD 200 million loan to the Suez Oil Processing Company (SOPC) “to finance a package of energy efficiency investments and other refurbishments and installations at the Suez refinery,” according to the EBRD project website. The loan is classified as a sovereign loan to Egypt […]

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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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