ACWA Power’s 200MW Kom Ombo solar project obtains $123 million financing package
ACWA Power, a leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants worldwide, today announced that it has signed a US$123 million financing package to develop the 200MW Kom Ombo project, a utility-scale solar power plant in Egypt. Financing institutions for this project include European Bank for Reconstruction and […]
The NREA Outlines Project Plans for Two Large Solar and Wind Energy Projects
This year, Egypt publicly set the goal of achieving 42% of its electricity from renewable sources by 2035. In line with that, The New and Renewable Energy Authority (NREA) has outlined projects to construct two large solar and wind power generation plants. Recent developments for solar and wind energy projects in Egypt The two projects […]
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 […]
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 […]
Lekela celebrates commercial operation of Egypt’s West Bakr Wind Farm
The Minister of Electricity and Renewable Energy and the Chargé d’Affaires at the British Embassy in Cairo attend the event. Lekela now has over 1,000MW in operation, plus its development pipeline. Lekela, the renewable power generation company that delivers utility-scale projects across Africa, today celebrated commercial operation of its 252MW West Bakr Wind farm in Egypt. Three months after the official start […]
EIGHTEEN, TAQA Power sign long-term agreement for energy solutions
EIGHTEEN, the luxury real estate project of twin cities, has signed an agreement with electricity giant TAQA Power, the power arm of TAQA Arabia “A Qalaa Holdings Company” for the electrification of “EIGHTEEN project” and to put in place an effective distribution network to meet the developers needs with a highly reliable & effective power […]
Lekela: First Twenty Turbines Connected to Grid at West Bakr Wind Farm
Lekela, the renewable power generation company that delivers utility-scale projects across Africa, today celebrates a landmark moment as the first 20 turbines at West Bakr Wind farm have now been successfully synchronized, with the wind farm now providing power to the grid. Synchronization is an important step to completion of the project. Now that this […]
Rosatom to provide $3-4 bn to Egyptian Dabaa nuclear plant contractors
Rosatom will provide between USD 3-4 billion to several Egyptian contractors working at the site of the Dabaa nuclear power plant as soon as permits are issued and construction begins, the company’s Chief Sustainability Officer Polina Lion told a presser yesterday, according to a press release. The contractors: Hassan Allam Construction, Arab Contractors and Petrojet […]
