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Egypt, China sign USD 15.5 bn worth of energy, manufacturing agreements
Some USD 14.8 bn of the investments will go towards our green energy industry
Egypt and Jordan mull new subsea electricity link
Constructions work to expand the Egypt-Jordan power link to start 1Q 2024
EBRD could greenlight funds for electricity grid modernization
The total project would require EUR 200 mn, with the remaining EUR 35 mn coming from EU grants
Gov’t wants to start drawing on the EBRD’s financial contribution to the NWFE energy project. PLUS: News from Pachin, Vezeeta, Contact Financial, Roboost, and McDonald’s.
The EBRD has pledged USD 200-300 mn to the energy pillar of NWFE, which aims to replace aging gas-fired power…
Maersk signs framework agreement to acquire half of Zafarana wind farm
Maersk and the Egyptian government are still in negotiations regarding the value of the stake.
Egypt, Maersk sign green methanol framework agreement
The project will produce 300k tons of green methanol a year initially before expanding to 1 mn tons
Orascom, Metito reach financial close for Abu Dhabi desalination project. PLUS news from Dar and Acacia, Banque Misr, Alameda, Siemens Healthineers
The USD 2.2 bn project includes a 500k cbm/day desalination plant and a 75-km water pipeline
France’s Engie has another USD 3-5 bn in investment for Egypt in the pipeline
Egypt currently constitutes 60% of Engie’s investments in the region
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