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Tag: Solar energy

Italian TerniEnergia lands $19.2 million order for solar project in Egypt

Posted: June 2, 2016 at 1:41 pm   /   Renewables

TerniEnergia, smart energy company active in the fields of renewable energy, energy efficiency, waste and energy management, listed on the Star segment of the Italian Stock Exchange and part of Italeaf Group, within the internationalization process of the PV EPC business, has been acquired a order worth of approximately $ 19.2 million for the construction […]

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Eni announces a new and original model of integration between its traditional business and energy from renewable sources

Posted: May 13, 2016 at 1:42 pm   /   Oil & Gas, Renewables

In Italy, Pakistan and Egypt, Eni will implement new renewable energy generation projects in the vicinity of the company’s plants in order to make the most of all possible industrial, logistic, contractual and commercial synergies with the company’s traditional activities. Eni is planning to launch new renewable energy projects in Italy, Pakistan and Egypt. They […]

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Lekela Power to begin Banban plant construction in October with $90 million investments

Posted: May 11, 2016 at 7:46 pm   /   Renewables

The company has put forward a competitive tender between five or six international entities. Lekela Power will begin construction of a solar energy plant with a 50MW capacity in Banban, Aswan with $90m investments. Construction will begin in October and is expected to be completed after nine months, CEO Chris Antonopoulos said. Two wind power […]

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Kaco New Energy targets $500 million investment in Egypt during 4 years

Posted: May 11, 2016 at 5:08 pm   /   Renewables

Kaco has partnerships with Italian and Chinese companies, in addition to Orascom Construction Industries SAE in Banban. Kaco New Energy CEO Kaddour Essersi said that the company targets boosting investments in the Egyptian market by EGP 500m in the coming four years. Essersi told Daily News Egypt that the company aims to participate in 10 […]

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Scatec Solar to invest $650 million in 5 solar energy projects in Egypt

Posted: May 10, 2016 at 12:29 pm   /   Renewables

Negotiations with seven international banks to finance 70% of the project, most notably IFC and EBRD. Scatec Solar company seeks to pump $650m in renewable energy investments to establish five solar energy projects with a capacity of 250 MW, according to the company’s CEO Raymond Carlsen. Carlsen sat down for an interview with Daily News […]

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ENGIE to invest $490 million in two solar and wind energy projects

Posted: May 5, 2016 at 8:01 pm   /   Renewables

ENGIE, the French energy company, is planning to set up two plants for generating  power from sun and wind in Egypt, with $ 490 million investments, according to the company’s Regional Director for North Africa Amin Homan Lodi. Lodi told Al-Mal newspaper that the 110 million dollars first plant is due to be completed in […]

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EDF signs 5 MOUs and gets set for development of renewable energy in Egypt

Posted: April 20, 2016 at 10:45 pm   /   Renewables

On the occasion of the State visit by the President of the French Republic, François Hollande, EDF has signed five memoranda of understanding thus confirming its strategy for developing low carbon energy in Egypt. Three of these agreements concern the future development of EDF Energies Nouvelles projects in wind power and solar energy in partnership […]

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ENGIE signs LNG and renewable energy agreements with Egypt

Posted: April 19, 2016 at 7:36 pm   /   Oil & Gas, Renewables

Firstly, a cooperation agreement for further development of renewable energy with the National Renewable Energy Association (NREA) and the Egyptian Electricity Transport Company (EETC). On the occasion of  the State Visit of President François Hollande of the French Republic to Egypt, Isabelle Kocher, Deputy CEO and Chief Operating Officer of ENGIE, has signed today two […]

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British company to seize 49% stake in Cairo Solar for EGP 180 million

Posted: April 8, 2016 at 7:59 pm   /   Renewables

The value of acquiring 49% of Cairo Solar shares by a British firm would reach EGP 180 million, according to sources. The British company will contribute to the capital of Cairo Solar, the sources said. Cairo Solar has been qualified for implementing a solar power plant project in Aswan with a total capacity of 50 […]

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