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Tag: Electricity Ministry

ACWA Power reaches financial close for three solar plants in Benban

Posted: January 9, 2018 at 1:10 pm   /   Renewables

ACWA Power’s three Solar PV projects for 165.5MWp under Round 2 of Egypt FiT program II reaches financial close. • ACWA Power has reached financial close of three solar photovoltaic power plants in Benban under Round 2 for 165.5MWp total capacity within the Feed-in-Tariff (FiT) program. • ACWA Power had signed the Power Purchase Agreement […]

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Eni to launch 50 MW solar power plant in Egypt with $50m investment

Posted: December 26, 2017 at 12:08 pm   /   Renewables

Eni invited contractors to bid their offers for the plant. Italian oil major Eni on Sunday unveiled plans to launch a 50-megawatt (MW) solar power plant in Abu Rudeis City in the Red Sea governorate, with total investments of $50 million. During the last couple of days, Egypt’s Electricity and Renewable Energy Ministry held a […]

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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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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 […]

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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 […]

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Siemens

Siemens to connect 400 MW from Burullus plant within days

Posted: June 20, 2017 at 8:12 pm   /   Electricity & Power

Siemens will connect 400 MW of power produced at the Burullus power plant to the national grid within days, according to Deputy Electricity Minister Sabah Mashali. It brings the total output from Siemens’ three plants to 5.2 GW, from the operation of 12 units. Separately, the Electricity Holding Company is set to pay EUR 25 […]

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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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Five conglomerates bidding on $8 bn Hamrawein clean coal plant today

Posted: April 30, 2017 at 1:34 pm   /   Electricity & Power

Five conglomerates are expected to bid on the USD 8 billion Hamrawein clean coal power plant tender, which the Electricity Ministry will issue today following multiple delays, Al Mal reports. Expected bids will be from Shanghai Electric and Dongfang Electric Corporation, in addition to consortiums formed between Harbin and General Electric; Mitsubishi and Hitachi; and […]

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