Egypt mulls offers from Zarou, Edra to take over Siemens Power Plants
Egypt is considering offers from a Blackstone Group unit and Edra Power Holdings Sdn Bhd of Malaysia to take over three power plants co-built by Siemens AG — a move that could cut the North African nation’s debts while bringing in much-needed foreign investment. Both Blackstone’s Zarou Ltd. and Edra have voiced interest in the […]
Siemens Gamesa acquires 97% of wind energy market share in Egypt
Siemens Gamesa Renewable: The largest wind energy company in Egypt. The company acquires 97% of the market share of wind energy in Egypt and 53% in Africa. Gabel El Zayt and Zaafarana are the largest projects in the Egyptian market and the company contributes 986 MW of wind energy in Egypt to date. Siemens is […]
Egypt signs $2.3 billion power plant deal with Saudi ACWA Power
Egypt signed a deal with Saudi Arabian utility developer ACWA Power on Thursday to build a $2.3 billion power plant in the country’s south, the Egyptian electricity minister said. The plant, which will have a capacity of 2,250 megawatts (MW), will be built in Luxor province, the minister, Mohamed Shaker, told a news conference. He […]
Egypt to build world’s biggest, most advanced clean-coal power plant
As ports go, even sailors could struggle to find Hamrawein on the map. This town on the Red Sea, 600 kilometres south-east of Cairo is dwarfed by other harbours on the route to Suez, but all that will change over the next six years as Egypt builds the world’s largest clean-coal plant. A Chinese conglomerate […]
IRENA: Egypt can generate over 50% of its electricity with renewable energy
IRENA’s new ‘Egypt Renewable Energy Outlook’ report shows renewables could present cost savings of USD 900 million annually. Egypt has the potential to generate up to 53 per cent of its electricity from renewable sources by 2030, according to a new report by the International Renewable Energy Agency (IRENA). The Egypt Renewable Energy Outlook report, released at a high-level conference in Cairo […]
Rosatom to train 2,000 Egyptian technicians for Dabaa nuclear plant
Russia’s State Atomic Energy Corporation Rosatom will train 2,000 Egyptian technicians to work on operating and maintaining Egypt’s first nuclear power plant (NPP) , Vice president of Rosatom Sosnin Gregory told Ria Novosti news agency on Friday. The negotiations are being held in Egypt in the framework of a joint Egyptian-Russian group working on organizing the process […]
GE Power to supply four turbines for Egypt’s Dabaa nuclear plant
GE Says It Wins $700 Million Order for First Egypt Nuclear Plant. GE to supply four turbine units to planned El Dabaa reactor. Russia-built plant is part of Egypt push to diversify energy. General Electric Co. secured a $700 million contract to supply turbine and generator units for Egypt’s first nuclear power project, the company […]
Edison, Qalaa Holdings scrap plan for 150 MW Abu Qir power plant
Edison and Qalaa Holdings have decided to scrap their plan to build a $150 million combined cycle power plant in Abu Qir after determining that the project would not be financially feasible with current power tariffs, an unnamed source from Edison tells Al Masdar. Qalaa and Edison had planned to sell power from the 180 […]
Egypt signs $352 million deal with Siemens to manage 3 power stations
Egypt on Thursday signed a $352 million contract with Siemens AG and Siemens Technologie to manage three gigantic new power plants built to plug a gap in Egypt’s electricity needs, state news agency MENA reported. Egyptian President Abdel Fattah al-Sisi opened the power stations in July, which were built by Siemens at a total cost […]
Egypt, China sign deals for Hamrawein Plant, Oil Refinery, Hydroelectric Plant
Egypt, China sign cooperation agreements worth billions: President Abdel Fattah El Sisi and Chinese Premier Xi Jinping witnessed the signing yesterday of cooperation agreements ahead of the China-Africa Cooperation Forum in Beijing, according to an Ittihadiya statement. While the presidency confirmed no detail of the pacts, information has filtered into the local press, with MENA […]
