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The Egyptian Electricity Transmission Company (EETC) is reportedly relaunching a tender for its power interconnection project with Sudan today after it failed to attract sufficient offers in the first round, an unnamed company source tells Al Mal. One of the two bidders in the first tender failed to provide the EETC with its financial guarantee. […]
Author Archives: enterpriseam admin
Posted inEnergy
El Molla, Apache delegation discuss potential oil exploration in Western Desert
Apache is set to complete drilling work at its East Bahariya concession within six months of starting in 3Q2018, top executives from the Apache Corporation told Oil Minister Tarek El Molla during a meeting in Cairo yesterday, a ministry statement said. Apache is also planning to participate in other exploration tenders issued by the ministry […]
Posted inEnergy
NREA, NIB reach EGP 3.4 bn debt settlement agreement
Renewable energy authority reaches EGP 3.4 bn debt settlement agreement with National Investment Bank: The New and Renewable Energy Authority (NREA) has reached an agreement to settle over the course of 10 years some EGP 3.4 bn in debt owed to the state’s National Investment Bank (NIB), NIB Chairman Mahmoud Montasser tells Al Shorouk. The […]
Posted inEnergy
XD Egemac lands EGP 700 mn contract for Hawamdia transformer station
XD Egemac landed a EGP 700 mn contract for the Hawamdia transformer station, which is expected to process around 500 kVA of electricity, Chairman Medhat Ramadan said yesterday. The company expects to ink the final agreements for the project in a few weeks’ time. The Arab Fund for Economic and Social Development is partially funding […]
Posted inEnergy
SES plans EGP 35 mn projects in 2018
Smart Engineering Solutions (SES) is planning to carry out energy projects worth EGP 35 mn this year, Chief Commercial Officer Ahmed Naguib tells Al Shorouk. The company, which specializes in solar power installations, is also looking for a European partner to set up 20 MW-worth of panels at industrial zones around the country. SES has […]
Posted inInfrastructure
Civil Aviation Ministry issues tender for new terminal at Borg El Arab airport
The Civil Aviation Ministry is currently expecting to receive financial and technical offers in a tender it launched for the development of a new terminal at Alexandria’s Borg El Arab International Airport, Minister Sherif Fathy said yesterday, according to Al Shorouk. The new terminal, which will take around four years to build, is being funded […]
Posted inInfrastructure
Transport Ministry breaks ground on first river port in Sohag
Transport Minister Hisham Arafat broke ground on the Sohag river port on Thursday, the second of several river ports the ministry plans to develop along the Nile in Upper Egypt, according to Al Masry Al Youm. The project’s total investment value was not disclosed and it remains unclear if the private sector is involved in […]
Posted inHealth + Education
Thanaweya Amma Arabic exam reportedly leaked, posted on Facebook
The Thanaweya Amma Arabic exam was reportedly leaked and posted on a Facebook page known over the past several years for leaking exams, Education Ministry sources said, Al Bawaba reports. Education Minister Tarek Shawki has since refuted the reports, saying that a student had taken pictures of the questions and circulated them among his friends […]
Posted inTourism
EgyptAir to buy up to 30 new planes in USD 6 bn investment part of its 2022-2025 plan
EgyptAir is looking to buy as many as 30 new planes at a cost of USD 6 bn as part of its 2022-2025 expansion strategy, Chairman Safwat Musallam tells Al Shorouk. The national flag carrier may ask prospective bidders to arrange a loan to finance the sale, which is necessary for EgyptAir as it adds […]
Posted inTourism
Hurghada receives first flight from Kazakhstan
The Red Sea resort town of Hurghada received its first charter flight from Kazakhstan on Thursday, Chamber of Tourism Companies member Mohamed Shuaira tells Al Shorouk. One flight will operate from Kazakhstan to Hurghada every 10 days until the end of the summer season.