Egypt aims to expand private role in electricity under sector reforms
Egypt’s Electricity and Renewable Energy Minister Mahmoud Esmat held talks with Egyptian Electricity Holding…
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Egyptian Electricity Holding Company
Egypt’s power grid hits historic peak
Egypt’s unified electricity network recorded an unprecedented increase in load and consumption on Saturday,…
Egypt supports efforts to decarbonise energy sector
The Egyptian Electricity Holding Company (EEHC) and General Electric (GE) announced on Wednesday for a new…
Egypt signs green hydrogen project agreement with Siemens
Egypt is cooperating with German engineering and technology company Siemens to develop its green hydrogen industry,…
German KSB to supply pumps for west Cairo and Assiut power plants
The Egyptian Electricity Holding Company (EEHC) signed an agreement with the German KSB Company to establish pumps…
9 banks to fund Egypt coal power plant via 26.5bn pounds loan
A consortium of nine Egyptian banks has submitted the terms and conditions of arranging a syndicated loan to build…
ADIB Capital secures €40 million for Egypt’s Electricity Holding
ADIB Capital, the investment banking arm of the Abu Dhabi Islamic Bank (ADIB) Egypt, has secured €40 million ($43.8…
Opening tender in Egypt-Saudi Arabia electricity tie-up delayed to April
The state-run Egyptian Electricity Holding Company (EEHC) decided to postpone the opening of the financial and…
Orascom: foreign currency financing for two power plants in Egypt reaches close
Orascom Construction Limited announced Thursday that the foreign currency financing of Assiut and West Damietta…
Egypt signs BNP Paribas-led $650 million loan for two power plants
Egypt’s state-run Egyptian Electricity Holding Co. has signed Wednesday a $650 million loan agreement with BNP…
Egypt delays insurance tender results of two power plants till year-end
The state-run Egyptian Electricity Holding Company (EEHC) will postpone selecting winners in its two insurance…
Egypt Cabinet to sign MoU with US AERTC for oil shale project
Egypt’s Cabinet approved Wednesday to sign a memorandum of understanding with U.S. AERTC Company to conduct …
Deutsche Bank, HSBC and KfW IPEX-Bank fix €3.5bn finance for Egypt power plants
Deutsche Bank, HSBC and KfW's Ipex Bank have arranged €3.5 billion ($4 billion) in financing for state-owned…
Emirates NBD signs $225mn loan for two Egyptian power projects
Emirates NBD Egypt signed a 2 billion Egyptian pounds ($225.25 million) loan with state-run Egyptian Electricity…
Siemens inks long-term service deal for existing power stations in Egypt
German industrial giant Siemens has extended a long-term contract to provide service and maintenance, as well as…
Egyptian Electricity Holding allocates $488m for distribution networks in 2016
Egyptian Electricity Holding Company dedicated 3.82 billion Egyptian pounds (US$487.9 million) to lay distribution…
Egypt signs $600 million EIB power plant deal
Egypt signed Sunday $600 million agreement with the European Investment Bank (EIB) for the 1,800 MW high-efficiency…
Siemens signs financial closure agreement for Egyptian power projects
Egyptian government has signed Sunday a financial closure agreement with German industrial giant Siemens, Orascom…
Three German banks to sign €4.1bn contracts for Siemens’ Egypt power projects
Egypt is to sign Sunday landmark contracts with a consortium of German banks for electricity production…
EBRD loans $200 million for Egyptian power plant
Egypt and the European Bank for Reconstruction and Development (EBRD) have signed Tuesday a US$200 million loan to…
Egyptian Electricity Holding gives nod to nine banks’ $1.26bn loan offer
State-run Egyptian Electricity Holding Company (EEHC) has approved a loan offer worth 10 billion Egyptian pounds…
Finance ministry passes $378mn supporting loan to support power sector
Minister of Finance Hani Qadri Demian approved granting a supporting loan worth 8 billion pounds (US$378 million)…
Egypt’s electricity holding inks $525mn loan with Afreximbank, 9 banks today
State-run Egyptian Electricity Holding Company (EEHC) is to sign Thursday a US$525-million funding contract with a…
Afreximbank, 8 Egyptian banks prep for US$525mn electricity loan
A consortium of eight Egyptian banks in addition to the African Export-Import Bank (Afreximbank) is bracing for…
Egyptian Arab Land Bank participates in $521mn-loan for Egypt Electricity
Egyptian Arab Land Bank has approved participating with US$20 million in a US$521 million-loan for the Egyptian…
Banking consortium offers $1.2bn offer to finance 3 Egyptian power plants
A banking consortium has made an offer worth 10 Egyptian pounds (US$1.2billion) for the Egyptian Electricity…
Egyptian Electricity Holding eyes $525 million banking finances
State-run Egyptian Electricity Holding Company (EEHC) is requesting banks to secure a US$525-million financing. The…
Egypt’s ELAB approves $12mln-loan for Electricity Holding Company
Egyptian Arab Land Bank (EALB) will contribute US$ 12 million of US$ 521 million to the Egyptian Electricity…
Saudi ACWA Power signs $220mn Egyptian Renewable Energy Concession Deals
Saudi Arabia-based power and water project developer ACWA Power announced Sunday it signed concession contracts…
EXCLUSIVE: Banks’ Shares in $521 million Egypt Electricity Loan
Five banks have reached a final agreement on their shares in a US$521 million loan to support Egypt’s electricity…
Misr Iran Bank allocates 100-million Pounds to support Egypt Electricity
Misr Iran Development Bank (MIDB) intends to inject 100 million Egyptian pounds in a 1.5 billion pound (US$196.6…
Banque Misr orchestrates New Banking Alliance for Egypt Electricity Sector
Banque Misr, Egypt’s second largest public sector bank, is leading a banking consortium to secure a US$500 million…
Bahrain Energy Firm Inks $3.5 billion Egypt Solar Project Deal
Bahrain-headquartered Terra Sola Ventures (Terra Sola) has signed a memorandum of understanding (MoU) with the…
Saudi-Egypt Power Link Project to Start in New Year
A project to link the electricity grids of Egypt and Saudi Arabia will start next year at a cost of at least $1.5…
Egypt Studies 1700-megwatt Power Project in Red Sea
In an attempt to grapple with growing energy shortage, Egypt’s current interim government is studying a project to…
Egypt’s Planning in Athens to Discuss EIB’s Mediterranean Investment Strategy
Minister of Planning and International Cooperation Ashraf El-Araby headed to Athens on Tuesday to participate in…
EIB, Egypt Ink €205 mn Loan Deal to Finance El Shabab Power Plant
Egypt signed today a loan agreement worth € 205 million with the European Investment Bank (EIB), designated…
Egypt’s Electricity Says Implemented Investment Plan worth EGP16.5bn in 12/13
Minister of Electricity and Energy Ahmed Imam stated within the meeting of the General Assembly for the Egyptian…
UEEPC Secures EGP285 mln Islamic Finance from Banque Misr
A Sharia-compliant loan agreement worth EGP 285 million between Banque Misr and the Upper Egypt Electricity…
NBE In Talks With Electricity Holding Co. Over US$ 1 Bln Loan
The National Bank of Egypt (NBE) currently negotiates with the Egyptian Electricity Holding Company over US$ 1…