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Enara to build USD 600 mn-worth solar plants in Egypt
INVESTMENT WATCH- Enara is planning to build solar plants at a cost of as much as USD 600 mn in…
Elsewedy Electric acquires share capital of four Greek renewable energy companies for EUR 55 mn
M&A WATCH- Elsewedy Electric looking to acquire four Greek renewable energy outfits in EUR 55 mn transaction: Elsewedy Electric has…
OPIC approves USD 87 mn for Lekela Egypt’s 250 MW power plant
The Overseas Private Investment Corporation (OPIC), the US government’s development finance institution, approved USD 87 mn in funding for Lekela…
Siemens Gamesa frontrunner to build Lekela’s 250 MW wind energy plant in Ras Ghareb
Siemens Gamesa is the frontrunner in a tender to build Lekela’s 250 MW wind energy plant in Ras Ghareb, sources…
Scatec Solar starts commercial operations on third part of its 400 MW Benban solar project
Scatec Solar has launched commercial operations on the third of six planned 65 MW photovoltaic installations that it is constructing…
Raya’s manufacturing arm seeking licence to assemble electric cars
INVESTMENT WATCH- Raya’s manufacturing arm seeking licence to assemble electric cars: Raya Auto, a subsidiary of Medhat Khalil’s Raya Holding,…
Cabinet to decide on Siemens Gamesa’s wind energy plant offer
The Electricity Ministry has reached a power purchase agreement with Siemens Gamesa over its planned EUR 2 bn, 2 GW…
Egypt to release in August conditions for newly introduced “falling auction” tenders
The government will unveil in August the conditions for 600 MW-worth of solar projects that will be tendered under a…
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