KarmSolar to sell a minority stake to investors via a capital increase
Solar energy company KarmSolar will sell a minority stake to investors via a capital increase as it looks to expand its presence in Egypt and across the region, it said in a statement. The company hopes to raise “a significant amount” in the investment round, KarmSolar CEO Ahmed Zahran told Enterprise, but stopped short of disclosing the target sum […]
ROSATOM received construction permit for the El-Dabaa NPP Unit 1
On June 29, 2022, the Egyptian Nuclear and Radiological Regulatory Authority (ENRRA) issued a permit for the construction of the El-Dabaa NPP Unit 1. This permit, along with excavation works at site, is a prerequisite for the start of the main stage of construction. “Obtaining construction permit for the Unit 1 is a momentous occasion […]
Infinity levies tariffs on electricity charging for EVs effective from June 28th 2022
Infinity, Egypt’s leading renewable energy solutions provider, announced that in accordance with the ministerial decree No14 of 2022 issued by the Ministry of Electricity and Renewable Energy on Jan 26th, 2022, EV users will now have to pay for electricity charging for EVs across all charging stations. The tariffs will be effective from June 28th, […]
Wärtsilä to supply added generating capacity and upgrade to Borg El Arab power plant in Egypt
Wärtsilä to supply added generating capacity and existing plant upgrade for repeated Egyptian customer. The technology group Wärtsilä’s strong relationship with one of Egypt’s major independent power producers (IPPs) is further enhanced with a new order. Under a contract placed in February 2022 by Kahraba, a subsidiary of Egypt Kuwait Holding (EKH), Wärtsilä will deliver […]
OPED: Africa can adopt renewable energy on a massive scale and save billions along the way
Oped by Kenneth Engblom Vice President, Wartsila Energy, Europe and Africa Africa’s energy future at a crossroad When it comes to building the future of energy in Africa, the decisions facing the continent’s leaders today are nothing less than of historical importance. More than anything else, energy systems are the very fabric of business and […]
Hitachi ABB Power Grids consortium awarded major contract for first ever large-scale HVDC interconnection in Middle East & North Africa
The groundbreaking intercontinental link will enable the Kingdom of Saudi Arabia and the Arab Republic of Egypt to exchange electricity, increase grid resilience and support a carbon-neutral future. Hitachi ABB Power Grids today announced that it is the lead in a consortium that has been awarded a major contract worth several hundreds of millions of […]
AfDB approves €83 mn loan for Egypt’s power infrastructure development
The African Development Bank (AfDB) has approved an EUR 83 mn loan to support the development of Egypt’s power infrastructure, the multilateral lender said in a statement. The money will help to finance the second phase of the Electricity and Green Growth Support Program, an initiative designed to improve the finances of public sector electricity […]
Hitachi ABB Power Grids launches EconiQ™, exceptional solutions for the environment
The EconiQ™ portfolio of products, services and solutions contribute towards a carbon neutral-future and accelerate the green energy transition. Hitachi ABB Power Grids today launched EconiQ™ – its portfolio of products, services and solutions that are proven to deliver exceptional environmental performance. With EconiQ, the global technology and market leader is reinforcing its commitment towards […]
Siemens Energy provides Sudan grid stabilization for Egypt power export
Siemens Energy provides grid stabilization in Sudan, enabling Egypt power export. Grid stability project to ensure energy security and lower emissions. Grid solution to enable interconnection between Egypt and Sudan. The Egyptian Electricity Transmission Company and the Sudanese Electricity Transmission Company have awarded Siemens Energy with a contract to build grid stabilization stations in Sudan […]
Hitachi ABB Power Grids to provide Egypt’s first advanced power quality solution in Owainat
Hitachi ABB Power Grids to provide Egypt’s first advanced power quality solution to support grid expansion and rural development: A stable power grid is essential to help meet the national goals of land reclamation and the development of agriculture, communities and industries. Hitachi ABB Power Grids will provide state-owned Egyptian Electricity Transmission Company (EETC) […]
