Suez Cement to complete coal conversion scheme at end-2016
Suez Cement, Egypt's largest listed cement maker by market value, plans to complete its preparations for coal usage…
Browsing Tag
egypt’s energy crisis
10 banks to sign multi-billion Egyptian pounds loan for power projects today
A consortium of Egyptian and Arab banks will sign Sunday a 10 billion Egyptian pounds (US$1.27 billion) finance…
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…
Siemens requesting Letters of Guarantees for Egypt Power Projects
German industrial group Siemens is seeking to obtain letters of guarantee totalling €1.2 billion from Egyptian…
US, German Firms to help Egypt face Summer Energy Crisis
An American and a German firm will operate in Egypt to generate 3,600 megawatts of electricity together, Egypt's…
Sisi discusses rationalising Energy with Electricity, Oil Ministers
Egypt’s President Abdel Fattah al-Sisi discussed rationalising energy and reducing waste during a meeting with the…
Actis bids for Egypt’s US$450 million Gebel El-Zeit Wind Project
Actis, a global pan-emerging markets private equity firm, is seeking to run and implement the Gebel El Zeit Wind…
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…
Kuwait’s Alghanim signs MoUs for $1.6 billion in Egypt Energy Projects
Egypt has signed preliminary deals with Kuwait's Alghanim International for two energy-related projects worth a…
Egypt to finalise Gazprom LNG Deal This Month: Minister
Egypt will complete an agreement with Russia's Gazprom for the company to supply it with liquefied natural gas…
Egypt signs First Gas Fracking Contract with Apache, Shell
Egypt has signed its first contract to extract gas by fracking in a deal with Apache and Shell Egypt that includes…
SDMO Eyes €10mn Sales in Egypt within 2015
France-based SDMO Industries, the world's 3rd largest company for power generating sets, is targeting sales of €10…
Banks to Arrange $1.5bn Loan for Egypt to Repay Foreign Energy Firms
HSBC, National Bank of Egypt, and National Bank of Abu Dhabi will arrange a $1.5 billion syndicated loan to Egypt's…
Egypt’s Cement Firms Overcome Gas Shortages by Importing Coal
Several of Egypt's major cement producers have begun retrofitting their plants to run on energy from imported coal,…
Egypt to Repay $2-3 billion of Foreign Oil Debts at 2014-end – Minister
Egypt seeks to repay by end of this year around US$2-3 billion of its total debts to foreign oil companies working…
Renewable Energy Is Egypt’s Raft out of Crisis: Experts
Scarcity of financial resources and the lack of a solid plan are the main reasons behind the perpetuation of…
BP to Invest $10 billion in Egypt’s Gas Fields for 5 Years
Egyptian Prime Minister Ibrahim Mahlab finalised an investment deal on Tuesday with the CEO of British Petroleum…
HSBC Egypt mulls EGP1 billion Finances for 8 Cement Firms
HSBC Bank Egypt is considering securing finances worth EGP 1 billion ($139.8 million) for 7 to 8 companies working…
Can al-Sisi Fix Egypt’s Energy Mess?
The list of challenges facing Egypt’s new president is seemingly endless, from restoring some sense of political…
Egypt’s Break with Qatar Could Contribute to Scorching Summer for Country’s Residents
When Egypt’s military ousted President Mohamed Morsi last summer, it also broke political ties with the Islamist…
Egypt’s Citadel Capital proposes $1.3 billion Electricity Station
Egypt's private equity firm Citadel Capital has tendered a proposal to the government to build a station to…
17 New Wells to Join Egypt’s Natural Gas Grid: Ministry
Egypt’s Ministry of Petroleum plans to add 17 new natural gas wells to its production grid in an attempt to…
Suez Cement to Use Coal in 80% of its Production
Suez Cement (SUCE.CA), one of Egypt's largest cement makers by market value, plans to use…
Egypt Plans $1 bln Solar Power Plant – Minister
Egypt plans to implement a major $one billion solar plant within the upcoming phase, Minister of Local and…
Minister: Egypt Eyes Russian Liquefied Gas
Egypt is considering buying liquefied natural gas from Russia, the country's industry minister said on Wednesday.…
Egypt Turns to Israel to Address Shortage of Natural Gas – Paper
Egypt is willing to pay Israel four times the price of natural gas it once sold to Israel in a bid to stave off a…
Egypt’s New Investment Law Safeguards State, Investors’ Rights– Official
Egypt’s new investment law reflects a landmark transformation which will safeguard the rights of the state and…
Egypt Tries Harder to Stop Energy Firm Exodus
Egypt is enhancing exploration terms and striving to repay nearly $5 billion it owes to foreign oil and gas…
Egypt Holds a Milestone Renewable and Non-renewable Energy Event Next Month
Organized by Business Media Group (BMG), the Egyptian Ministries of Electricity and Petroleum will be holding a…