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Madbouly sketched out plan to end power cuts this summer.
Good morning, friends, and happy Friday. A long summer weekend is upon us as some of us are stuck spending…
El Gouna becomes Egypt’s largest operator of private marinas. PLUS: Vortex Energy portfolio company Ignis Energia + KKR to produce green hydrogen, ammonia
The daily spend of those visiting Egypt via yachts is 94% more than the average tourist
Israel’s Leviathan gas field to invest up to USD 500 mn to expand production after Israeli gov’t approves bill to double gas exports
The field primarily exports to Egypt and Jordan, with exports to Egypt reaching 6.3 bcm last year
Challenges mount on Egyptian industries amid power cuts and gas shortages
Fertilizer prices are up 50% m-o-m and 110% y-o-y
New public-private consortium to launch USD 600 mn to import ethane gas
The company is set to launch before the end of June
Rolling blackouts remained front and center on the airwaves for the third consecutive night
"We shouldn't rely on a single country for our gas supplies," said Sherif Amer
Government pledges to end power cuts by third week of July with USD 1.2 bn set aside for energy imports and other initiatives
Madbouly penciled in the third week of July as when the country will be ready to “stop cutting electricity completely…
Driving solar adoption in residential areas: The incentives, challenges, and solutions
Customer-centered incentives and mechanisms to share excess energy could boost the uptake of solar energy in residential areas
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