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Infrastructure 
GE reaches financial close for USD 250 mn substations in New Cairo
General Electric (GE) said it has reached financial close on its USD 250 mn contract with the Egyptian Electricity Transmission…
Energy
Electricity Ministry looks JP Morgan to help finance upgrade to national grid
Electricity Minister Mohamed Shaker met with a delegation from JP Morgan Chase to discuss potential financing upgrades to the national…
Electricity Ministry to tender EUR 40 mn solar power plant in Kom Ombo this month
The Electricity Ministry plans to issue a global tender this month for the development of a EUR 40 mn, 20…
Petrobel awards GE subsidiary “major subsea contract” on Zohr
Eni-EGPC JV Petrobel awarded General Electric oilfield services subsidiary Baker Hughes “a major subsea contract” for work on the second…
Elsewedy, Huawei agree to promote their solar power products in MENA
Elsewedy Electric and Huawei signed an MoU to cooperate on promoting each other’s solar power products and services in the…
AfDB approves USD 55 mn loan for three FiT projects
The African Development Bank’s (AfDB) board of directors approved on Tuesday three loans totaling USD 55 mn to fund three…
Eni asks to drill its eighth well away from Zohr gas field’s first phase
Eni has requested permission from the Egyptian Natural Gas Holding Company (EGAS) to drill its eighth well in Zohr away…
Production from Burullus gas fields increased to 526 mcf/d in the past year
Production from Shell’s Burullus concession increased to 526 mcf/d and over 6,000 bbl of condensates last year, Chairman of Shell…
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