BMI: Why Egypt looks set to be regional leader in electricity for next nine years
Fitch Solutions’ BMI Research Egypt Power report on Egypt’s electricity sector is on track to generate an exportable surplus. The report sees Egypt increasing power generation to 265 terawatt hours (TWh) by 2023 from 231.5 TWh this year. This will allow it to generate a surplus even as domestic demand rises to 234.9 TWh by […]
Schneider Electric signs agreement with Egypt to build power control centers
Schneider Electric has signed an agreement with the Electricity Ministry to build power control centers for Egypt’s electricity grid, an Ittihadiya statement said. President Abdel-Fattah El-Sisi met with SE’s Executive Vice President for International Operations Luc Remont on Sunday to discuss the agreement. The statement did not specify how many control centers would be built […]
Lekela starts construction of 250 MW West Bakr wind farm in Ras Ghareb, Egypt
Work has now started on the West Bakr wind project site in Ras Ghareb, Egypt. The 250 MW project is being developed by Lekela, an Independent Power Producer (IPP). Construction of the West Bakr wind project is currently underway. Work has recently been launched at a ceremony attended by several Egyptian officials, including the Minister […]
Egypt achieved unprecedented growth in oil & gas, power sectors – Mitsubishi
The general manager of Mitsubishi Heavy Industries said Wednesday that Egypt has achieved unprecedented growth in the energy sector, whether in the oil sector and the oil and gas explorations or the electricity. Such successes have driven Egypt to a surplus in electricity production, after constructing several power plants, he said in a press conference […]
Egypt expected to cut gas prices to factories in 1Q2020, analysts say
Analysts think the government will cut natgas prices to factories in 1Q2020: Plunging natural gas prices and market oversupply are increasing the likelihood that the Egyptian government will cut gas prices to factories during the first quarter, analysts tell Reuters. The government has already recently lowered prices for certain industries and sources last month claimed […]
Actis, Engie, Datang are all in running for stake in Egypt’s Siemens plants
More details on potential investors in Egypt’s Siemens combined-cycle power plants: Actis, France’s Engie, and China Datang Overseas Investment are all competing alongside Blackstone’s Zarou to acquire a stake in the Siemens / Orascom Construction / Elsewedy Electric combined-cycle power plants, according to Bloomberg. Sources in the Electricity Ministry had said earlier this week that […]
Zarou is reportedly leading the race for a stake in Siemens power plants
Zarou is the top contender for stake in Siemens power plants: Blackstone Group’s Zarou is reportedly the frontrunner out of six investors looking to acquire a stake in the Siemens / Orascom Construction / Elsewedy combined-cycle power plants, unnamed Electricity Ministry sources tell Al Mal. The energy development company has reportedly submitted the best financial […]
Egypt’s sovereign wealth fund looks to acquire 30% stake in Siemens plants
Egypt’s new sovereign wealth fund could take a 30% stake in Siemens-OC-Elsewedy power plants and place the rest with international investors. Sovereign wealth fund is looking to acquire a 30% stake in the Siemens / OC / Elsewedy power plants, the fund’s boss says, positioning the SWF’s interest in the three combined-cycle power plants in […]
Egypt’s Prime Minister, US Energy Secretary discuss cooperation
Egypt’s PM, US secretary of energy mull cooperation in energy, electricity: Madbouly and Perry discuss cooperation in energy, electricity and clean coal. Prime Minister Mostafa Madbouly discussed on Tuesday with US Secretary of Energy Rick Perry ways of boosting cooperation in the fields of energy, electricity, and clean coal technology. Madbouly arrived in Washington earlier […]
Egypt’s Renewable Energy IPP Model – by Shehata & Partners Law Firm
In Egypt, an independent power plant (“IPP“) may, subject to applying for and successfully being granted a generation license, sell electricity to private consumers under two different schemes; the net-metering scheme and the wheeling scheme. Both schemes are regulated by EgyptERA and involve the relevant network operator, being the relevant DisCo, or EETC (concerning the […]
