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Tag: EETC
Electricity

Egypt-Sudan electricity link to start by year end with 100 MW capacity

Posted: October 30, 2018 at 4:26 pm   /   Electricity & Power

The project’s first phase are progressing well, as about 91% of drilling work is completed. Egypt is to start operating the electricity link with Sudan with a capacity of 100 megawatts (MW), by the end of this year. Government sources told Daily News Egypt that the implementation rates of the project’s first phase are progressing […]

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Solar

Egypt receives two bids under $0.03/kWh for 200 MW Kom Ombo solar project

Posted: August 11, 2018 at 8:34 pm   /   Renewables

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 review six bids for the 200 MW Kom Ombo solar PV project in Egypt, according to a press release issued […]

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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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Egypt signs contract for $400 mn Gulf of Suez wind farm

Posted: March 7, 2018 at 1:10 pm   /   Renewables

The project is expected to produce 250 MW of energy. The state-owned Egyptian Electricity Transmission Company on Tuesday signed an agreement with a Toyota-Engie-Orascom alliance to establish and develop a wind farm in the Gulf of Suez. The prime minister Sherif Ismail, the minister of electricity Mohammed Shaker, the minister of investment and international cooperation […]

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World’s largest solar park under development in Benban, Egypt

Posted: February 26, 2018 at 10:54 pm   /   Renewables

The Benban Solar Park aims to reach somewhere between 1.6-2.0GW of solar power by the middle of 2019. The projects will receive no incentives, however, it will be given a 25 year contract to sell its electricity at 7.8¢/kWh to the the state-owned Egyptian Electricity Transmission Company (EETC) and pegged to the value of the […]

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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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Masdar plans to invest in 500 MW of solar power generation in Egypt

Posted: January 23, 2018 at 1:25 pm   /   Renewables

A week after its wind announcement, Masdar says it plans to invest in up to 500 MW of solar power generation capacity in Egypt. UAE’s Masdar presented the New and Renewable Energy Authority (NREA) with plans to develop solar power plants with a combined capacity of 500 MW, authority sources told Al Mal. The plants […]

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

Posted: November 4, 2017 at 7:55 pm   /   Electricity & Power

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 […]

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The latest on Egypt’s burgeoning renewable energy sector

Posted: November 2, 2017 at 7:43 pm   /   Renewables

Egypt’s renewable energy sector under the second feed-in tariff program has been on a tear in the past couple of weeks. Herewith, a roundup of recent developments, including news yesterday and overnight (background here, here and here): International institutional interest in solar helps 30 companies close on power plants: The International Finance Corporation has been […]

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Engie-Orascom-Toyota win contract for 250 MW wind farm in Ras Gharib

Posted: November 1, 2017 at 12:52 pm   /   Renewables

ENGIE wins renewable energy project in Egypt and will develop a 250 MW wind power park. ENGIE has signed a contract to build, own and operate (BOO) a 250 MW wind farm together with its consortium partners Toyota Tsusho Corporation/Eurus Energy Holdings Corporation (40%) and Orascom Construction Limited (20%).  The wind farm will be located […]

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