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Other companies that participated in the tender were El Sewedy, Infinity, Lightsource BP powered by Hassan Allam Utilities, Arab Organization for Industrialization, and others.
Sources told Daily News Egypt that the companies eligible to implement the project chose the alliance after competing with two companies. The project will be awarded after the approval of the Egyptian Electricity Transmission Company (EETC).
The authority seeks to attract foreign direct investment and facilitate procedures: Khayat
Commercial operation enhances investor plans, sale of Enerray approaches
Importers to conduct product testing at NREA for maximum EGP 40,000 per container
The list of banks in negotiation with KarmSolar includes IFC and EBRD
A total of 332 small power plants were connected to the national grid, outputting 23.5MW
Participants expect further expansions, investments in new projects, forecast drop in electricity prices
The New and Renewable Energy Authority (NREA) has restored the land plots previously allocated for companies to launch solar power stations within the feed-in tariff programme and will reallocate them to build the proposed power plants, sources in the ministry told Daily News Egypt.
Sealing deal depends on reaching agreement to purchase produced energy for 2.7 cents per KW/h
The government decided to keep the land usufruct fees for new and renewable power plants at 2% of the annual energy produced. Executive Chairperson of the New and Renewable Energy Authority (NREA), Mohamed El-Khayat, told Daily News Egypt that the related law has set the land usufruct fees at 2% for solar and wind power …
Maximum EGP 40,000 shall be paid by importer for testing each container
Electricity ministry cooperates with Chinese company to store solar, wind energy
One billion people suffer from shortage of electricity globally
Company awaiting cabinet’s approval for 500MW wind project, says Hassan Amin
Ministry of Electricity, Renewable Energy inaugurates conference
Italian company Eni has renewed its negotiations with the ministry of electricity to launch solar power plants in Egypt with a capacity of 1,000MW and investments of up to $1bn. Sources in the ministry of electricity told Daily News Egypt that the Italian company intends to implement 1,000MW solar power plants in phases, and will …
Integrated industrial complex to produce solar panels with 5GW capacity
The Ministry of Electricity is preparing to launch new and renewable energy projects in cooperation with the private sector, using the system of bids, with a capacity of 600 MW. Ehab Ismail, the head of the technical affairs department within the NREA, said that the projects will be launched in several phases. Each phase would …
XD-EGEMAC to complete delivery of last station in two weeks, says Ramadan
Winning company will inaugurate a 200mW plant
EETC will buy energy from the solar power plants for 25 years at 8.4 US cents per kWh
The Egyptian Electricity Transmission Company (EETC) has asked solar companies to pay the final installment of cost-sharing installments for projects in Benban, Aswan. Sources at the Ministry of Electricity said that the tariff unit of the EETC sent a letter to the companies to collect the final batch of EGP 3m during the coming two …
The African Development Bank (AfDB) is considering financing three projects within the feed-in tariff programme in Benban, Aswan for $60m. A source at AfDB told Daily News Egypt that the bank has allocated $18m and $20m worth of finances for each project in the electricity production plant that depends on solar power. The source said …
Cabinet approved financial models, official results in a week, says Desouky
Payment of cost-sharing third instalment postponed until completion of contract with the consultant
The solar-powered plane took off on the last ocean crossing leg of its round-the-world flight from New York early on Monday. If things go according to plan, it should arrive in Sevilla, Spain, on Friday.
Bloomberg New Energy Finance (BNEF) projects that in most countries, solar PV will be the cheapest form of new electricity generating capacity by 2030. It predicts several major shifts in power markets.
Acwa will not negotiate MoU until projects are decided upon