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Tag: Renewable energy
egypt-electricity-growth

BMI: Why Egypt looks set to be regional leader in electricity for next nine years

Posted: March 11, 2020 at 1:12 pm   /   Electricity & Power

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 […]

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Acwa

ACWA signs MoU to develop Egypt’s sustainable water desalination sector

Posted: March 4, 2020 at 1:29 pm   /   Renewables

ACWA Power signs an MoU with the Ministry of Housing and Egyptian Electricity Holding to develop Egypt’s sustainable water desalination sector. Desalination plants to be powered using renewable energy sources, including solar and wind. In the presence of His Excellency Dr. Mostafa Madbouly, Prime Minister of Egypt, ACWA Power signed a Memorandum of Understanding (MoU) […]

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Lekela

Lekela starts construction of 250 MW West Bakr wind farm in Ras Ghareb, Egypt

Posted: February 29, 2020 at 12:59 pm   /   Renewables

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 […]

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Solar Plant

12 companies bidding for Egypt’s 200 MW West Nile Delta solar plant

Posted: February 16, 2020 at 1:18 pm   /   Renewables

As many as 12 local and foreign companies are bidding in a tender launched by the Egyptian Electricity Transmission Company (EETC) to build a 200 MW solar plant in the West Nile Delta, the local press reports, quoting unnamed sources. The company’s include the UAE’s Masdar and Alcazar Energy, Saudi Arabia’s Al Fanar, Acwa Power, […]

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Vestas

Vestas awarded tender for Egypt’s Ras Ghareb 250 MW wind plant

Posted: February 4, 2020 at 3:49 pm   /   Renewables

The New and Renewable Energy Authority (NREA) has awarded the tender to build Lekela Egypt’s EUR 260 mn, 250 MW wind plant in Ras Ghareb to Danish firm Vestas, sources in the Electricity Ministry told Al Mal. The final contract is expected to be signed this month after the NREA agrees terms with the company. […]

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solar

Two companies to conduct studies for 200 MW West Nile solar project

Posted: January 27, 2020 at 4:56 pm   /   Renewables

The project carried by an alliance of two companies has just been chosen to carry out the technical and financial studies relating to the implementation of a photovoltaic solar power plant in the West Nile. The installation will have a capacity of 200 MWp. As part of its policy to produce 20% of the country’s […]

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Belectric

German Belectric wins contract for 50 MW solar plant in Zaafarana

Posted: January 26, 2020 at 3:17 pm   /   Renewables

The German company Belectric has been selected by the Egyptian authorities to develop the Zafarana solar photovoltaic project. It will supply 50 MWp to the national grid in Egypt. Several companies had been shortlisted for the construction of the future Zafaran solar photovoltaic power plant in the Gulf of Suez in north-eastern Egypt. These included […]

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Mubadala-backed Alcazar Energy considers sale of Egypt, Jordan assets

Posted: January 20, 2020 at 4:02 pm   /   Renewables

Potential sale is precursor to firm raising another fund.  Governments seek to increase renewable-energy sources.  Alcazar Energy Ltd., backed by Abu Dhabi’s Mubadala Investment, is preparing the sale of some of their solar and wind assets in Egypt and Jordan, people with knowledge of the matter said. The renewable-energy developer is in talks with banks […]

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China Gezhouba

China’s Gezhouba signs $287.5 mn contract to build solar plants in Egypt

Posted: January 14, 2020 at 3:21 pm   /   Renewables

Chinese state-owned construction and engineering company China Gezhouba has secured a USD 287.5 mn contract to build an undisclosed number of solar plants across Egypt with a combined capacity of 500 MW, according to Renewables Now. The agreement is for a period of three years. China Energy Engineering subsidiary to install 500 MW of solar […]

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Egypt Solar

Sustainable energy plan can put Egypt among Top Ten Economies – Forbes

Posted: December 15, 2019 at 1:24 pm   /   Oil & Gas, Renewables

SAP BrandVoice – A Sustainable Energy Plan Will Help Put Egypt Among The Top Ten Global Economies. The oil industry is not dying, but it must change. For Tarek El-Molla, Egypt’s Minister of Petroleum & Mineral Resources, the main goal is to align the industry to Egypt’s 2030 Vision for the sustainable development of the […]

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