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Turkey keen on investing in Egyptian electricity sector

Several Turkish companies expressed interested in investing in Egypt’s electricity sector, Turkish Ambassador to Egypt, Huseyin Avni Botsali, said according to MENA. Bostali led the talks of the Turkish business delegation in a meeting with the Egyptian Minister of Electricity Mahmoud Balbaa. The meeting focused on the implementation of the memorandum of understanding signed between …

Islam Serour

Ministry of Electricity ready with third contingency plan

By Salah Elmenoufy The Ministry of Electricity (MOE) determined the new sites where it will implement its third contingency plan to meet the summer’s demand. Sources said that the plan includes establishing new power generation units in a number of already installed stations. These units will be established in Elseyuf station in Alexandria, Elmahmodeya, Damanhour …

Daily News Egypt

Heat wave hits Algeria

Last week Algerians attacked governmental institutions and private corporations who are seen as responsible for power outages plaguing the nation. On Friday, many businesses closed because of the heat, reported El Khabar, an Algerian daily. In a state with over 35 million Muslims and temperatures reported to have reached as high as 50 degrees this …

Daily News Egypt

Another emergency plan to overcome power shortages

By Salah El-Manoufy The Ministry of Electricity is currently studying the possibility of implementing a third emergency plan in order to accommodate the high summer loads. Sources within the Ministry said that Mahmoud Balbaa, Minister of Electricity, tasked a number of his deputies to prepare a study about a third emergency plan. The Ministry will submit …

Daily News Egypt

PM requests daily report on the status of the national electrical grid

Prime Minister Dr Hesham Qandil has requested a daily report on the status of the nation’s electrical grid, in addition to estimates of consumption and production data. In its report to the Prime Minister, the Ministry of Electricity and Energy (MOEE) said that of 218 power stations, 8 are currently suffer operational problems due to …

Daily News Egypt

National Bank for Development aids the completion of new electricity plant

The National Bank for Development (NBD) called on banks holding Islamic licenses to participate in granting an Islamic loan of $120 million to the East Delta Electricity Production Company (EDEPC). Some of the banks expected to participate in the loan include Alwatany Bank of Egypt, the Egyptian Gulf Bank and United Bank. The loan’s period …

Daily News Egypt

Ministry of Electricity finalises contracts for new power station in Banha

By Salah El-Monoufy The Yokogawa Company won a supply and installation contract for information control and transfer systems for the Banha electricity project worth EGP 10 million. A coalition of Japanese companies including Hitachi and Toyota won a supply and installation contract for mechanical systems for the project same projectworth EGP 165.5million. An Italian company, …

Daily News Egypt

Power cuts deliver massive blow to industires

By Inaam Eladawy and Nihal Mounir The electricity crisis which had previously been affecting just homes has begun to impact upon businesses and factories as well. Factories have tried to overcome such crises by relying on generators while shops, especially those working in the food sector, have experienced losses as a result of damaged goods. …

Daily News Egypt

€50m French loan to expand electricity grid

  By Islam Zayed The French Ambassador to Egypt, Nicolas Galey, and Pierre Marcelli, director of the French Development Agency (FDA)’s office in Cairo, signed an agreement to provide a €50m soft loan to the Egyptian government. The loan will be provided in cooperation with the World Bank, the European Investment Bank, and the German …

Daily News Egypt

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