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AlKhorayef Group targets increasing investments to EGP 4 bn in 2022
Saudi Arabia’s AlKhorayef Group is set to double its investments to EGP 4 bn by 2022 with a focus on…
Energy
Oil Ministry to increase fuel supply ahead of Ramadan, summer months
The Oil Ministry is increasing its daily output of gasoline and diesel to meet additional demand expected during Ramadan and…
EETC signs PPA with India’s Shapoorji under FiT phase 2
The Egyptian Electricity Transmission Company signed a power purchase agreement with India’s Shapoorji Pallonji Group for a USD 75 mn,…
Electricity Ministry reaches agreement with ACWA Power for 2.25 GW power plant
The Electricity Ministry has reached an agreement with ACWA Power to establish a USD 2.2 bn, 2.25 GW power plant…
Shell to supply South Helwan plant with industrial oils
Shell signed an agreement to provide the South Helwan Supercritical Power Plant with industrial oils need for electricity generation, Al…
Dana Gas net income nearly doubles, output increases by 16% in 1Q2017
Dana Gas’ output increased by 16% y-o-y to 69,900 boepd in 1Q2017 driven by increased production from Egypt, according to…
32 solar power companies receive initial funding approvals for FiT projects
Thirty-two local and international solar power companies received initial approvals from 10 international entities for a combined total of USD…
No power cuts this Ramadan -Electricity Ministry spokesman
The Electricity Ministry is taking precautions to ensure there are no power cuts this Ramadan, when demand spikes in tandem…
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