Newsletter subscribe
Tag: EETC

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 […]

No Comments read more

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 […]

No Comments read more

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 […]

No Comments read more

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 […]

No Comments read more

GE secures financial closure to build four substations connecting 7 GW to Egypt's national power grid

Posted: September 13, 2017 at 12:32 pm   /   Electricity & Power

The four substations will connect 6.5 million homes to the national grid. General Electric announced that it has reached financial closure for the contract worth approximately $250m signed with the Egyptian Electricity Transmission Company (EETC), according to press statement on Monday. The statement said that the project is financed by Deutsche Bank AG and HSBC […]

No Comments read more

Siemens to strengthen Egypt’s national grid with two new substations in the Delta region

Posted: August 15, 2017 at 9:54 pm   /   Electricity & Power

In a new move aimed at improving the resilience of Egypt’s power grid, the Egyptian Electricity Transmission Company (EETC) has awarded Siemens a contract for the construction of two substations. These will be used to transmit electricity from the Burullus power plant, set to become the world’s largest combined cycle station, to the population. When […]

No Comments read more

Saudi ACWA Power awarded three solar contracts in Egypt

Posted: August 9, 2017 at 11:46 am   /   Renewables

ACWA Power awarded 3 Solar PV projects under Round 2 of Egypt FiT program II ACWA Power signed the Power Purchase Agreement with the Government of Egypt for three solar photovoltaic power plants in Benban under Round 2 of the Feed-in-Tariff (FiT) program in the presence of H.E. Prime Minister of Egypt, H.E. Ambassador of […]

No Comments read more

Electricity Ministry freezes negotiations with Siemens over 2 GW wind farm

Posted: December 20, 2016 at 12:18 pm   /   Renewables

The Electricity Ministry has suspended talks with Siemens over a 2 GW wind farm due to the project’s high costs, Al Borsa reported. The Egyptian Electricity Transmission Company (EETC) had been looking to reprice the agreement it had made with Siemens during the Egypt Economic Development Conference and reduce the price per kWh down from […]

No Comments read more

ENGIE signs LNG and renewable energy agreements with Egypt

Posted: April 19, 2016 at 7:36 pm   /   Oil & Gas, Renewables

Firstly, a cooperation agreement for further development of renewable energy with the National Renewable Energy Association (NREA) and the Egyptian Electricity Transport Company (EETC). On the occasion of  the State Visit of President François Hollande of the French Republic to Egypt, Isabelle Kocher, Deputy CEO and Chief Operating Officer of ENGIE, has signed today two […]

No Comments read more

GE partners with EETC to connect 7 GW of power to reinforce Egypt’s national grid

Posted: April 19, 2016 at 7:21 pm   /   Electricity & Power

• GE signed a Protocol of Cooperation with the Egyptian Electricity Transmission Company, witnessed by H.E. Egyptian President Abdel Fattah El Sisi and H.E. French President François Hollande. • GE will provide four substations worth approximately $250 million to reinforce Egypt’s national grid. • These substations will help connect more than 6.5 million homes to […]

No Comments read more