Energy – Daily News Egypt https://www.dailynewsegypt.com Egypt’s Only Daily Independent Newspaper In English Tue, 15 Jan 2019 22:00:33 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.1 NREA postpones receiving bids on Gulf of Suez wind farm to February https://www.dailynewsegypt.com/2019/01/15/nrea-postpones-receiving-bids-on-gulf-of-suez-wind-farm-to-february/ https://www.dailynewsegypt.com/2019/01/15/nrea-postpones-receiving-bids-on-gulf-of-suez-wind-farm-to-february/#respond Tue, 15 Jan 2019 17:11:54 +0000 https://www.dailynewsegypt.com/?p=686892 Decision came upon request of two of bidding companies

The post NREA postpones receiving bids on Gulf of Suez wind farm to February appeared first on Daily News Egypt.

]]>
The New and Renewable Energy Authority (NREA) has decided to delay receiving bids on the Gulf of Suez wind farm of 250MW to February instead of 20 January.

An official in the NREA said the decision came upon the request of two of the bidding companies, and in coordination with the German KfW Development Bank which arranges the loan for financing the project. The authority affirmed that the tender will not be postponed again.

He added that the NREA has answered all the questions of the bidding companies, and allowed them to visit the project’s site. The bidders include Vestas, Siemens, and Senvion.

The official pointed out that the companies’ questions focused mainly on the transmission station that will transmit the energy produced from the project to the national grid.

Sources in the NREA previously informed Daily News Egypt that the loan provided by several financing institutions, including KfW, was estimated at €260m. The loan had been offered until the end of last December, before being postponed.

The NREA has set up a committee to study offers from Arab and international companies to acquire land for producing energy from renewable resources.

The official noted that the NREA has many available lands that can be granted to investors under the usufruct system. However, the cabinet must approve the suggested projects to avoid withdrawing lands allocated for these projects.

The post NREA postpones receiving bids on Gulf of Suez wind farm to February appeared first on Daily News Egypt.

]]>
https://www.dailynewsegypt.com/2019/01/15/nrea-postpones-receiving-bids-on-gulf-of-suez-wind-farm-to-february/feed/ 0
Oil prices rose to $59.9 as supply declines https://www.dailynewsegypt.com/2019/01/15/oil-prices-rose-to-59-9-as-supply-declines/ https://www.dailynewsegypt.com/2019/01/15/oil-prices-rose-to-59-9-as-supply-declines/#respond Tue, 15 Jan 2019 16:45:43 +0000 https://www.dailynewsegypt.com/?p=686907 Economic growth slowdown in importing countries threatens OPEC's efforts to increase oil prices

The post Oil prices rose to $59.9 as supply declines appeared first on Daily News Egypt.

]]>
Oil prices surged to around $59.90 a barrel in yesterday’s trading, up $5 from last month’s prices, amid supply cuts by global markets and a decline in the number of American rigs.

Medhat Yousef, former deputy chairperson of the Egyptian General Petroleum Corporation (EGPC), informed Daily News Egypt that the production cut in the OPEC countries and Russia aims to reach a price of $60.

He pointed out that oil-exporting countries agreed to reduce production to reduce supply in world markets until the price reaches the target.

Moreover, he warned of the decline in global demand for petroleum products in the coming period, because of the deteriorating economic conditions of the largest importing countries.

OPEC oil exporting countries have begun to demand a continuation of the agreement to cut production rates for a new period until the price of a barrel of oil is around $60.

He pointed out that the high price of a barrel of oil in world markets adversely affects the economies of importing countries such as Egypt, which makes them bear a greater financial burden.

This will definitely affect Egypt as it is highly vulnerable to crude oil price fluctuations, as each $1 increase in the Brent crude’s price would cost the state EGP 4bn, according to the Finance Ministry. Egypt’s fiscal year 2018/19 budget sets global oil prices at $67 per barrel, while in the 2017/18 budget, the price of an oil barrel globally was set at $55.

The price of a barrel of oil will not be $65 in the first quarter of this year, if the OPEC extends the agreement to cut production in 2019 he added.

The United States has reduced the number of excavators looking for new oil production to 873 diggers from the beginning of the current year compared to 888 diggers in 2018, which may affect production increase that reached 2m barrels per day in the last year, with production reaching 11.7m barrels per day.

The OPEC has approved an agreement, in cooperation with a number of the largest oil-producing countries outside the organization, led by Russia—which is currently the largest producer of oil in the world—in November of 2016, aiming to reduce production by about 1m barrels. The agreement entered into force at the beginning of 2017, and later was extended until the end of 2018.

The post Oil prices rose to $59.9 as supply declines appeared first on Daily News Egypt.

]]>
https://www.dailynewsegypt.com/2019/01/15/oil-prices-rose-to-59-9-as-supply-declines/feed/ 0
Utilities for Dabaa Nuclear Power Plant completed https://www.dailynewsegypt.com/2019/01/14/utilities-for-dabaa-nuclear-power-plant-completed/ https://www.dailynewsegypt.com/2019/01/14/utilities-for-dabaa-nuclear-power-plant-completed/#respond Mon, 14 Jan 2019 16:21:00 +0000 https://www.dailynewsegypt.com/?p=686809 Constructions of first 1,200 MW nuclear reactor will begin in July next year, establishment of second reactor will begin in January 2021

The post Utilities for Dabaa Nuclear Power Plant completed appeared first on Daily News Egypt.

]]>
The companies operating in the land of the Dabaa Nuclear Power Plant have completed the implementation of all the project’s facilities. The Nuclear Power Plants Authority has started to receive the necessary equipment to launch the reactors.

Sources in the authority informed Daily News Egypt that the companies carried out all the infrastructural works and utilities, including electricity, water, and communications, in coordination with the National Commission for the Localisation of El-Dabaa Nuclear Power Plant, where civil and armed forces’ companies participated in the implementation.

The cost of all works was paid through allocations from the ministry of finance in order to fund the local components of the project, which is equivalent to $4bn of the total costs.

The sources added that the next period includes follow-up procedures for obtaining licences and security approvals for experts, necessary equipment for the engineering survey, and conducting a complete footprint of the site, seabed, as well as undertaking earthquake measures.

The sources explained that the subcontractors were exempted from taxes and value-added tax to encourage them, and in order to obtain the best efficiency and quality in the implementation.

According to the agreement with the Russian company Rosatom, which is responsible for the implementation of the Dabaa Nuclear Power Plant, constructions of the first 1,200 MW nuclear reactor will begin in July next year. The establishment of the second reactor will begin in January 2021.

In January 2022, the construction of the third 1,200 MW reactor will start. The fourth reactor with a capacity of 1,200 MW is to be inaugurated in July 2022.

The post Utilities for Dabaa Nuclear Power Plant completed appeared first on Daily News Egypt.

]]>
https://www.dailynewsegypt.com/2019/01/14/utilities-for-dabaa-nuclear-power-plant-completed/feed/ 0
EMGF discusses unlocking region’s potential  https://www.dailynewsegypt.com/2019/01/14/emgf-discusses-unlocking-regions-potential/ https://www.dailynewsegypt.com/2019/01/14/emgf-discusses-unlocking-regions-potential/#respond Mon, 14 Jan 2019 16:05:21 +0000 https://www.dailynewsegypt.com/?p=686811 We aim to secure supply, demand, get competitive prices: source  

The post EMGF discusses unlocking region’s potential  appeared first on Daily News Egypt.

]]>
The Ministry of Petroleum held a meeting with the energy ministers of Cyprus, Greece, Palestine, Italy, Jordan, and Israel to agree on the establishment of the East Mediterranean Gas Forum (EMGF).

A source in the oil sector informed Daily News Egypt that the meeting included offering Egypt’s oil potentials from pipelines, new discoveries, ports, and factories to liquefy gas and export it to international markets.

He added that the gas forum between the seven countries will contribute to increasing joint cooperation in exploring the untapped potential of member states, where pipelines will be constructed to connect a number of countries to Egypt to transfer their gas production to the factories to be exported to international markets or to import them to Egypt.

The source pointed out that Egypt has a natural gas liquefaction plant, making it the main hub in the Mediterranean region for the export of gas to European markets, as a similar factory will need investments of $7bn and an implementation period of over two years.

He pointed out that Damietta and Idku liquification plans capacity amount to 1.88bn cubic feet of gas per day(cfpd), while the national gas pipelines in Egypt has a capacity of 9bn cbpd.

The member states agreed to put aside any political dispute and cooperate in the EMGF in order to optimize the utilisation of the available resources and achieve the largest economic return for the member states.

In a related context, ministers participating in the forum meeting said that the large gas discoveries in offshore fields in the eastern Mediterranean will affect the development of energy and economic development in the region.

They stressed that the expansion of new discoveries and their optimal utilisation will have a profound impact on energy security in the region, with the need to cooperate in accordance with the principles of international law in the Eastern Mediterranean region between existing and potential gas producers and consumers.

A source in the oil sector said that the forum will contribute to the establishment of a regional gas market which serves the interests of its members and secures supply and demand while obtaining competitive prices in commercial transactions associated with natural gas.

He added that the forum will cooperate with private sector companies working in the gas field, allowing their participation in its activities as part of the advisory group.

The energy ministers of the member states have invited senior officials to start formal talks on the structure of the forum with a view to agreeing on details and returning the ministers to recommendations for discussion at the next meeting scheduled for April 2019.

The ministers affirmed that the Eastern Mediterranean Gas Forum will be based in Cairo, with the possibility of inviting other Eastern Mediterranean countries that produce, consume, or transit gas.

The post EMGF discusses unlocking region’s potential  appeared first on Daily News Egypt.

]]>
https://www.dailynewsegypt.com/2019/01/14/emgf-discusses-unlocking-regions-potential/feed/ 0
Government seeks to transform Egypt into regional energy hub benefiting from sector growth https://www.dailynewsegypt.com/2019/01/13/government-seeks-to-transform-egypt-into-regional-energy-hub-benefiting-from-sector-growth/ https://www.dailynewsegypt.com/2019/01/13/government-seeks-to-transform-egypt-into-regional-energy-hub-benefiting-from-sector-growth/#respond Sun, 13 Jan 2019 20:59:34 +0000 https://www.dailynewsegypt.com/?p=686686 The oil and gas sector has been a pillar to the Egyptian economy in the last few years, contributing about 15% to the GDP, especially after the 2011 uprising negatively affected the tourism and investment sectors, drying up foreign currency reserves. The Executive Vice President of Operations at Egyptian Natural Gas Holding Company (EGAS), Magdy …

The post Government seeks to transform Egypt into regional energy hub benefiting from sector growth appeared first on Daily News Egypt.

]]>
The oil and gas sector has been a pillar to the Egyptian economy in the last few years, contributing about 15% to the GDP, especially after the 2011 uprising negatively affected the tourism and investment sectors, drying up foreign currency reserves.

The Executive Vice President of Operations at Egyptian Natural Gas Holding Company (EGAS), Magdy Galal, opened on Sunday the Egypt Energy Hub 2019 conference on behalf of Tarek El-Molla, the minster of petroleum and mineral resources, and delivered the opening speech.

Galal highlighted the importance of adopting the required technological elements that can give a real push to the energy sector.

He stressed the government’s keenness to transform Egypt into a regional oil and gas hub, benefiting from the recent discoveries in the Mediterranean and the Nile Delta.

“Technology has become a common denominator and an important factor in Egypt’s transformation into a regional hub of energy. We are looking forward toward increasing cooperation with the Information and Communications Technology (ICT) sector,” he added.

The ICT sector has contributed 14% of the GDP in the fiscal year (FY) 2017/18, estimated at EGP 80bn, compared to EGP 70bn in FY 2016/17.

Medhat Khalil, chairperson of Raya Holding, the conference organiser, pointed out that using modern technology can increase the energy sector’s contribution to the GDP up to 25%, and digital transformation remains the main focus of the current period in the oil and gas sector, providing a new range of opportunities.” he added.

During the conference, Rosanety Barrios, the former head of the Mexican Industrial Transformation Policy Unit, shared her country’s experience as a regional energy hub in the Latin America.

“There are some hard jobs countries have to do. Yet, it is very important that they put into consideration the environment, because they could pay a high impact price in the future,” Barrios said.

The post Government seeks to transform Egypt into regional energy hub benefiting from sector growth appeared first on Daily News Egypt.

]]>
https://www.dailynewsegypt.com/2019/01/13/government-seeks-to-transform-egypt-into-regional-energy-hub-benefiting-from-sector-growth/feed/ 0
Increase in amount of gas exported to Jordan up to nearly 100m cf daily: Petroleum Ministry https://www.dailynewsegypt.com/2019/01/13/increase-in-amount-of-gas-exported-to-jordan-up-to-nearly-100m-cf-daily-petroleum-ministry/ https://www.dailynewsegypt.com/2019/01/13/increase-in-amount-of-gas-exported-to-jordan-up-to-nearly-100m-cf-daily-petroleum-ministry/#respond Sun, 13 Jan 2019 16:45:48 +0000 https://www.dailynewsegypt.com/?p=686667 Contract signed between Egypt, Jordan to provide 10% of electricity plants’ needs, says source

The post Increase in amount of gas exported to Jordan up to nearly 100m cf daily: Petroleum Ministry appeared first on Daily News Egypt.

]]>
The Ministry of Petroleum has started to increase the amount of gas exported to Jordan to nearly reach 100m cubic feet (cf) daily in order to provide the needs of electricity plans, compared to about 50m cf last year, and will gradually be increased to 250m cf daily over the upcoming summer months.

An official at the ministry of petroleum informed Daily News Egypt that Egypt resumed exporting natural gas to Jordan since September, thereby providing them with a part of the power plants’ needs.

He added that a new contract was signed with Jordan’s Ministry of Energy in order to renew the agreement to supply amounts of natural gas estimated to be 250m cf daily. The export capacity of the Jordan gas line is estimated to be 1bn cf daily.

The Egyptian government signed an agreement with Jordan in 2004 with a duration of 15 years to export 250m cf of gas daily, worth $2.5 per one million thermal units, except that the government increased the prices of gas in April 2012, reaching $5 per one million thermal units.

Tarek El Molla, the minister of petroleum, looked into the situation of the joint projects with his Jordanian counterpart Halah Zawaty. They also discussed the strategies that were put forward to provide and diversify the energy sources, especially natural gas.

The source also pointed out that the ministry completed signing the agreement with the Jordanian side with a contract to supply 250m cf of gas daily, with prices different from the ones in the past agreement.

He pointed out that Egypt resumed pumping gas to Jordan in September through a pipeline connecting Egypt and Jordan, thereby contributing to turning the country into a regional hub for providing energy after achieving gas self-sufficiency.

The agreement between Egypt and Jordan stipulates that 10% of the Jordanian natural gas required to operate electricity generation plants will be imported from Egypt.

The source pointed out that the ministry of petroleum is strengthening its efforts in cooperation with foreign partners to carry out projects in order to develop major gas explorations in the deep waters of the Mediterranean and the Nile Delta, therefore increasing gas production to 8bn cf daily by 2021.

The post Increase in amount of gas exported to Jordan up to nearly 100m cf daily: Petroleum Ministry appeared first on Daily News Egypt.

]]>
https://www.dailynewsegypt.com/2019/01/13/increase-in-amount-of-gas-exported-to-jordan-up-to-nearly-100m-cf-daily-petroleum-ministry/feed/ 0
‘Synergy’ chosen as adviser of West Nile solar power plant construction with 200MW capacity https://www.dailynewsegypt.com/2019/01/12/synergy-chosen-as-adviser-of-west-nile-solar-power-plant-construction-with-200mw-capacity/ https://www.dailynewsegypt.com/2019/01/12/synergy-chosen-as-adviser-of-west-nile-solar-power-plant-construction-with-200mw-capacity/#respond Sat, 12 Jan 2019 17:47:40 +0000 https://www.dailynewsegypt.com/?p=686583 Company already started construction work, installation of cells

The post ‘Synergy’ chosen as adviser of West Nile solar power plant construction with 200MW capacity appeared first on Daily News Egypt.

]]>
The Egyptian Electricity Transmission Company (EETC) has contracted with Indian ‘Synergy’ to manage the advisory work of the project to establish a solar power plant in West Nile with 200MW capacity.

Sources at the company informed Daily News Egypt that the advisor will manage the preparation of the technical requirements of the project as well as review the financial and technical offers made in cooperation with officials of the EETC, as well as carry out evaluations to prepare the shortlist and choose winner companies.

The list of companies includes El Sewedy Electric; First Solar; Orascom Construction; Scatec Solar; Emirati “Masdar” ACWA Power; FAS and others.

The project comes within the plan of the ministry of electricity which targets partnering with the private sector to implement 67% of the project to add about 3500MW, including 2000MW from solar cells, and 1500MW from wind energy within the ministry’s strategy to take the contributions of renewable energy to 20% of the total electric energy produced by 2020.

The EETC had planned to postpone receiving offers from companies more than once to complete the contracts of the feed-in tariff first then look into competitive biddings.

The EETC has put forward a strategy for the upcoming period to contract for purchasing the electricity produced from projects, most prominently, establishing a solar energy plant with 200MW capacity, and a wind energy plant with 250MW in West Nile.

In a related context, five companies have begun experimental operating of solar energy plants in Benban, Aswan, within the feed-in tariff, with a 250MW capacity. It will be connected to the grid by the end of this month.

Thirty-two companies implement solar energy plants within the second phase of the feed-in tariff with 1435MW capacity. The company has already started the construction work and installation of cells.

The post ‘Synergy’ chosen as adviser of West Nile solar power plant construction with 200MW capacity appeared first on Daily News Egypt.

]]>
https://www.dailynewsegypt.com/2019/01/12/synergy-chosen-as-adviser-of-west-nile-solar-power-plant-construction-with-200mw-capacity/feed/ 0
Reviewing gas pricing produced from Zohr to take place by end of 2019 according to agreement: EGPC https://www.dailynewsegypt.com/2019/01/12/reviewing-gas-pricing-produced-from-zohr-to-take-place-by-end-of-2019-according-to-agreement-egpc/ https://www.dailynewsegypt.com/2019/01/12/reviewing-gas-pricing-produced-from-zohr-to-take-place-by-end-of-2019-according-to-agreement-egpc/#respond Sat, 12 Jan 2019 17:28:02 +0000 https://www.dailynewsegypt.com/?p=686565 Article to be added to new gas exploration agreements to allow amending prices two years from production start

The post Reviewing gas pricing produced from Zohr to take place by end of 2019 according to agreement: EGPC appeared first on Daily News Egypt.

]]>
The Egyptian General Petroleum Corporation (EGPC) aims to review the price formula agreed upon with the Italian gas company ‘Eni’ by the end of this year, according to the development agreement, in order to amend prices two years after production started in 2017.

A source at EGPC informed Daily News Egypt that the price of the gas produced from the Zohr field is related to a pricing formula with a minimum of $4 per one million thermal units, and a maximum of $5.88 per one million thermal units when the price of an oil barrel is $100 in global markets.

He explained that the item of reviewing the prices of gas produced from the projects has recently been added to the new development agreements in order to match the changes in the market to encourage foreign partners to inject the investments agreed upon according to the plan.

EGPC pays about $4 for the one million thermal unit of Italian Eni’s share in the gas currently produced from Zohr at the Shorouk concession area in the Mediterranean according to the price formula related to the prices of petroleum in global markets.

The source added that the decline in the price of crude oil in global markets to about $60 per barrel reduces the share of foreign partners in the gas produced from Zohr.

The source pointed out that the agreement stipulates that all the production from Zohr must go to the local market, however, in case there was surplus, with the approval of the petroleum ministry, it can be exported.

He said that it is planned to finish implementing the sixth natural gas treatment unit at Zohr by the end of this month, taking the total capacity of the treatment station to 2.4bn cubic feet of gas per day.

The source pointed out that the second phase at Zohr will be completed by July to increase the total amount of production to 2.95bn cubic feet of gas per day, instead of 2.7bn estimated in the development plan.

He explained that the company aims to invest about $4bn in the second phase of Zohr during this year, taking the total investments to $16bn.

Eni achieved the Zohr exploration in the Mediterranean in August 2015. It includes reserves estimated to be 30tn cubic feet of gas, while daily production is estimated to be 2bn cubic feet of gas. Daily gas production is expected to reach 3bn cubic feet of gas before the end of 2019.

The post Reviewing gas pricing produced from Zohr to take place by end of 2019 according to agreement: EGPC appeared first on Daily News Egypt.

]]>
https://www.dailynewsegypt.com/2019/01/12/reviewing-gas-pricing-produced-from-zohr-to-take-place-by-end-of-2019-according-to-agreement-egpc/feed/ 0
Goldman Sachs Group Inc, IIF, expect lower oil prices in 2019 https://www.dailynewsegypt.com/2019/01/10/goldman-sachs-group-inc-iif-expect-lower-oil-prices-in-2019/ https://www.dailynewsegypt.com/2019/01/10/goldman-sachs-group-inc-iif-expect-lower-oil-prices-in-2019/#respond Thu, 10 Jan 2019 06:30:40 +0000 https://www.dailynewsegypt.com/?p=686376 Each dollar increase in oil barrels from budget target costs state additional EGP 3 to 4bn to support petroleum products: Finance Minister

The post Goldman Sachs Group Inc, IIF, expect lower oil prices in 2019 appeared first on Daily News Egypt.

]]>
Goldman Sachs Group Inc cut its oil price forecasts for 2019, citing a re-emerging surplus and resilient US shale production, according to Blomberg.

Global benchmark Brent crude will average $62.50 a barrel this year, analysts including Damien Courvalin said in a 6 January note, down from a previous estimate of $70.

US market West Texas Intermediate will average $55.50 a barrel, down from a prior forecast of $64.50. Societe Generale SA also lowered 2019 price outlooks by $9 a barrel in a 7 January note.

Meanwhile, the Institute of International Finance (IIF), announced in a report on Wednesday that it expects Brent oil prices to average $65 a barrel in 2019 if OPEC`s agreement is fully implemented.

“However, with US oil shale fields facing an average break-even price of around $50 a barrel, expansion of drilling in the US could lower oil prices further beyond the near term,” the IIF explained.

Furthermore, the IIF stated that expansionary fiscal policy will continue to drive non-oil growth, as fragile investment sentiment and regional tensions continue to hinder growth of the private non-oil sector. While a modest fiscal expansion is justified in the short term, consolidation efforts should resume over the medium term.

Notably, Egypt is implementing economic reforms as part of a three-year $12bn IMF loan deal signed in 2016.

The reforms have included new taxes, deep cuts to energy subsidies and the pound flotation.

Moreover, in June, Egypt raised gasoline prices by up to 50% under the IMF programme. Meanwhile, days ago, the minister of petroleum stated that Egypt will implement an automatic price indexation mechanism on 95 octane gasoline starting in April which will limit price changes to 10%, assuring that this does not mean an increase in price during the second quarter of this year.

In that term, he expects that the price may fall or rise or stabilise at its current rate.

Furthermore, Mohamed Moeit, ministry of finance, put an estimated price for the barrel in the current fiscal year (FY) at the budget at cost of $67 a barrel, based on the forecasts of international oil prices during the year, led by the IMF and the World Bank, but before the budget came into force the oil prices exceeded the $70 a barrel.

Prices remained high for the first five months of the current FY, surpassing the level of $80 a barrel a month ago, and then gradually retreating to currently trading at $59.3 a barrel as in 9 January, around 14% lower than the same time last year.

Notably, the budget of the current FY allocated EGP 89.9bn to support petroleum products.

According to previous statements by the finance minister, every dollar increase in oil barrels from the budget target costs the state an additional EGP 3 to 4bn to support petroleum products.

The post Goldman Sachs Group Inc, IIF, expect lower oil prices in 2019 appeared first on Daily News Egypt.

]]>
https://www.dailynewsegypt.com/2019/01/10/goldman-sachs-group-inc-iif-expect-lower-oil-prices-in-2019/feed/ 0
Irrigation Ministry, EBRD sign €148.3m agreement to finance Kitchener Drain development https://www.dailynewsegypt.com/2019/01/09/irrigation-ministry-ebrd-sign-e148-3m-agreement-to-finance-kitchener-drain-development/ https://www.dailynewsegypt.com/2019/01/09/irrigation-ministry-ebrd-sign-e148-3m-agreement-to-finance-kitchener-drain-development/#respond Wed, 09 Jan 2019 18:49:05 +0000 https://www.dailynewsegypt.com/?p=686387 Project includes collection, treatment of wastewater, solid waste management, rehabilitation of Kitchener infrastructure

The post Irrigation Ministry, EBRD sign €148.3m agreement to finance Kitchener Drain development appeared first on Daily News Egypt.

]]>
The Ministry of Water Resources and Irrigation signed an agreement worth €148.3m with the European Bank for Reconstruction and Development (EBRD) on Wednesday to finance the development of Kitchener Drain, one of Egypt’s longest drains, in Gharbeya governorate.

The development project includes the collection and treatment of wastewater, solid waste management, and the rehabilitation of the Kitchener infrastructure, said the Minister of Water Resources and Irrigation, Mohamed Abdel Atty.

It also includes the rehabilitation of nearly 24 existing sewage treatment plants, the expansion of six sewage plants, and the establishment of central systems for collecting sewage.

Abdel Atty added that this agreement involves assisting farmers to adopt modern irrigation methods to improve the productivity of agricultural lands and encourage farmers to establish their own companies for agricultural products.

“A total of EGP 40bn has been allocated during the Sustainable Development Strategy: Egypt Vision 2030 to implement irrigation improvement projects. These projects will have a positive impact on health and the environment in general,” he said.

Kitchener Drain was established in 1899 and its length reaches 69 km. It starts in Gharbeya governorate, passes through Daqahleya, and ends in Kafr El-Sheikh. The drain benefits about six million residents of the three governorates.

The post Irrigation Ministry, EBRD sign €148.3m agreement to finance Kitchener Drain development appeared first on Daily News Egypt.

]]>
https://www.dailynewsegypt.com/2019/01/09/irrigation-ministry-ebrd-sign-e148-3m-agreement-to-finance-kitchener-drain-development/feed/ 0
State electricity companies exchange stagnant spare parts saving EGP 1bn annually https://www.dailynewsegypt.com/2019/01/09/state-electricity-companies-exchange-stagnant-spare-parts-saving-egp-1bn-annually/ https://www.dailynewsegypt.com/2019/01/09/state-electricity-companies-exchange-stagnant-spare-parts-saving-egp-1bn-annually/#respond Wed, 09 Jan 2019 18:46:52 +0000 https://www.dailynewsegypt.com/?p=686392 State-run electricity production companies began to exchange unused spare parts in their stores for maintenance, replacement, and renovation works. An official in the ministry of electricity informed Daily News Egypt that the decision aims to ration expenses, control purchases, facilitate spare parts trading, and save time spent in this process. The decision is expected to …

The post State electricity companies exchange stagnant spare parts saving EGP 1bn annually appeared first on Daily News Egypt.

]]>
State-run electricity production companies began to exchange unused spare parts in their stores for maintenance, replacement, and renovation works.

An official in the ministry of electricity informed Daily News Egypt that the decision aims to ration expenses, control purchases, facilitate spare parts trading, and save time spent in this process. The decision is expected to save EGP 1bn annually.

He explained that each company buys its required spare parts separately, and some spare parts can stay unused for over six months in the company’s store, while other companies may need the same parts and would buy it, which costs the state more time and money.

The number of spare parts exchanged among electricity production companies so far reached 100 parts and this figure is expected to increase in the coming period coinciding with the current maintenance works in different companies.

The Egyptian Electricity Holding Company (EEHC) has established a unified manual for specifications and codes in all electricity companies, automated the organisation of spare parts in stores, and coordinated the procurement system of different companies.

Furthermore, the EEHC has suspended electricity production in a number of units after achieving a surplus due to the decline in consumption.

Sources in the EEHC said that this decision aims to ration the ministry’s expenses, stressing that all the stalled units can resume operation at any time.

The maximum consumption of electricity per day in Egypt is 24,000 MW. The EEHC usually suspends some production units in this period of the year since consumption in winter is lower than in summer.

The EEHC has great hopes for the establishment of national and industrial projects to employ high electricity capacities, besides its plans to export energy to a number of neighbouring countries, including Saudi Arabia, Sudan, Cyprus, Greece, and Jordan. The company said that the national grid’s spinning reserves shall stand at 10-15% of production.

The post State electricity companies exchange stagnant spare parts saving EGP 1bn annually appeared first on Daily News Egypt.

]]>
https://www.dailynewsegypt.com/2019/01/09/state-electricity-companies-exchange-stagnant-spare-parts-saving-egp-1bn-annually/feed/ 0
EETC intends to stop purchasing energy, allow private sector to directly sell production https://www.dailynewsegypt.com/2019/01/09/eetc-intends-to-stop-purchasing-energy-allow-private-sector-to-directly-sell-production/ https://www.dailynewsegypt.com/2019/01/09/eetc-intends-to-stop-purchasing-energy-allow-private-sector-to-directly-sell-production/#respond Wed, 09 Jan 2019 17:03:51 +0000 https://www.dailynewsegypt.com/?p=686360 Electricity ministry committed to current contracts, negotiations underway: sources

The post EETC intends to stop purchasing energy, allow private sector to directly sell production appeared first on Daily News Egypt.

]]>
The Egyptian Electricity Transmission Company (EETC) intends to stop buying energy produced from private plants in the coming period. The decision will not be applicable to the current contracts or the under-construction projects included in the ministry of electricity’s plan and the proposed tenders. The move aims to pave the way for private investment in electricity production projects and direct selling to consumers.

A source in the electricity ministry informed Daily News Egypt that the EETC is still committed to buying the energy produced from feed-in tariff projects, the Hamraween coal-fired power plant, the pumped-storage hydroelectricity projects, the Luxor power plant, and the Nawis coal-fired plant, in addition to all the proposed solar energy and wind farm projects.

The source attributed the decision to the large electricity production surplus estimated at 18,000 MW.

“More than 10 companies have applied for the implementation of several projects and the sale of electricity directly to consumers with total capacities of more than 600 MW. These projects will produce energy from renewable and clean resources,” the source said.

He added that the ministry encourages the private sector to invest heavily in electricity projects, so as to benefit consumers who will have several service providers in accordance with the rules determined by the Egyptian Electric Utility and Consumer Protection Regulatory Agency.

The source noted that consumers are entitled to buy electricity metres from any source other than the distribution companies, provided that they meet the official standards and specifications.

He pointed out that the ministry has nothing to do with determining electricity prices for final consumers as it depends on individual contracting with private electricity companies. The ministry’s role will be limited to organising, controlling, and monitoring the process, as well as ensuring fair competition among private sector companies in terms of production and distribution of electricity.

Furthermore, he said that private companies will determine their services prices based on the cost of fuel used in production.

As for the areas where a few companies are operating, the ministry will determine the selling prices of electricity. 

Among the ambitious objectives that the ministry is seeking, they are to automate production, transmission, and distribution in order to avoid any inaccurate reading of metres, consumer complaints, or service failures.

The post EETC intends to stop purchasing energy, allow private sector to directly sell production appeared first on Daily News Egypt.

]]>
https://www.dailynewsegypt.com/2019/01/09/eetc-intends-to-stop-purchasing-energy-allow-private-sector-to-directly-sell-production/feed/ 0
Western Desert produces 60% of Egypt’s crude oil: El-Molla https://www.dailynewsegypt.com/2019/01/09/western-desert-produces-60-of-egypts-crude-oil-el-molla/ https://www.dailynewsegypt.com/2019/01/09/western-desert-produces-60-of-egypts-crude-oil-el-molla/#respond Wed, 09 Jan 2019 16:59:43 +0000 https://www.dailynewsegypt.com/?p=686358 Minister called on foreign oil companies to intensify exploration efforts in region

The post Western Desert produces 60% of Egypt’s crude oil: El-Molla appeared first on Daily News Egypt.

]]>
The Minister of Petroleum and Mineral Resources, Tarek El-Molla, said on Wednesday that the total production of the Western Desert region currently represents about 60% of Egypt’s crude oil production.

El-Molla’s statements followed the general assembly of the Agiba Petroleum Company, which he chaired, to adopt the planning budget for the fiscal year 2019/20.

He explained that the recent discoveries in the Western Desert confirm that this region is not yet fully employed, and called for foreign oil companies to intensify their exploration efforts.

Furthermore, El-Molla explained that the coming period will witness a great growth in production, as a result of the rapid development of new discoveries, linking them to pipeline networks and processing plants, as well as a decrease in the cost of production, and high-quality crude oil to be produced.

Agiba’s Chairperson Essam Qaffas stated, “The company plans to produce about 46,000 barrels of crude oil per day and about 19m cubic feet of gas per day during the next financial year, which will witness extensive activity by drilling 55 wells and carrying out 250 wells’ maintenance operations.”

He stressed that work is currently being carried out to complete the implementation of the plan in order to increase production, raising the output of the Ashrafi Oil Field to 3,500 barrels of oil per day, after the completion of the maintenance of three wells in the field, and is planning the maintenance of four other wells.

Regarding the Meleha Field, Qaffas said that the company succeeded in starting to generate output from the ‘Falak 21’ well, with a daily production of 250 barrels of crude oil, in addition to generating about 1,000 barrels per day from the ‘Yasmine 3’ well.

The post Western Desert produces 60% of Egypt’s crude oil: El-Molla appeared first on Daily News Egypt.

]]>
https://www.dailynewsegypt.com/2019/01/09/western-desert-produces-60-of-egypts-crude-oil-el-molla/feed/ 0
Frienergy allocates $200m investments in energy projects https://www.dailynewsegypt.com/2019/01/09/frienergy-allocates-200m-investments-in-energy-projects/ https://www.dailynewsegypt.com/2019/01/09/frienergy-allocates-200m-investments-in-energy-projects/#respond Wed, 09 Jan 2019 06:00:22 +0000 https://www.dailynewsegypt.com/?p=686246 Negotiations with banking institutions to lend $180m, share in funding projects: chairperson of Frienergy

The post Frienergy allocates $200m investments in energy projects appeared first on Daily News Egypt.

]]>
A government-owned Chinese company, in alliance with Frienergy, allocate $200m as an investment minimum in new and renewable energy projects in Egypt this year.

Marco Frigido, chairperson of Frienergy, informed Daily News Egypt that his company is contributing by preparing engineering studies to establish electricity plants, construction works, as well as funding and participating in the projects’ capital, with the condition that the company’s share would not be less than 51%.

He added that Frienergy is planning on implementing projects, in cooperation with a government-owned Chinese company. It is also currently negotiating with international funding bodies, including the International Finance Cooperation, the European Bank for Reconstruction and Development, as well as Italian banks in order to borrow $180m.

“We have a long-term plan to invest in electricity projects in Egypt over the upcoming period, and there is no difficulty in financing them. The company has good relations with funding bodies,” he added.

Frienergy has implemented projects in Egypt and Iraq to develop businesses, including establishing an electricity line in Basra, which is 672 km long. The company also has the capabilities to work in other markets in the African continent, according to Frigido.

Furthermore, he pointed out that Frienergy has contracted with an Egyptian company to study the feasibility of implementing projects in Egypt to work on increasing the national production, especially since the local industry is growing. It is important, though, to understand that the cost of establishing social energy projects in Egypt and the Middle East does not match the revenues, as the cost of solar energy typically ranges between €50 to €60 per hour elsewhere, as for the Middle East, it costs about €8 per hour.

Moreover, Frigido pointed out that the company plans to invest in the field of energy from waste generation, in cooperation with a foreign company. It is awaiting the law which would regulate generating energy from waste to produce energy, and determine the tariff of selling each kW produced from the projects.

Additionally, he explained that the obstacles facing the projects include the high cost of funding in the local currency.

The Egyptian state has many contractual systems to establish projects for energy production from solar energy, including the feed-in tariff, the independent product, and net measurements.

The post Frienergy allocates $200m investments in energy projects appeared first on Daily News Egypt.

]]>
https://www.dailynewsegypt.com/2019/01/09/frienergy-allocates-200m-investments-in-energy-projects/feed/ 0
Three companies request land to establish wind farms worth $500m https://www.dailynewsegypt.com/2019/01/07/three-companies-request-land-to-establish-wind-farms-worth-500m/ https://www.dailynewsegypt.com/2019/01/07/three-companies-request-land-to-establish-wind-farms-worth-500m/#respond Mon, 07 Jan 2019 17:19:42 +0000 https://www.dailynewsegypt.com/?p=686091 Land plots of 80 skm needed to launch 400MW energy projects

The post Three companies request land to establish wind farms worth $500m appeared first on Daily News Egypt.

]]>
Three Arab companies have asked the New and Renewable Energy Authority (NREA) to provide them with land plots to establish electricity projects with a capacity of 400MW and investments of $500m.

Sources at the NREA informed Daily News Egypt that the companies, including Infinity Solar, have requested 80 skm to implement wind farms. This comes within the feed-in tariff energy project in Benban, Aswan.

The sources added that two of the applying companies wanted to adopt the build, own, and operate (BOO) scheme. While the third company has agreed with private institutions to sell them electricity directly using the independent power producer (IPP) scheme.

The sources explained that the NREA has many land plots that can be allocated for energy investors according to the usufruct system, however, the approval of the cabinet is a prerequisite.

The total area of lands reclaimed by the NREA from investors who did not abide to the implementation timetable of their projects reached 90 sqkm. The list of these companies includes ACWA Power; Infinity Solar; El Sewedy Electric; Alcazar Energy; Masdar; Alfanar, and Falcon.

The sources suggested that the NREA will reallocate the previously reclaimed lands from the feed-in tariff investors to those who aim to establish wind farms under the BOO and IPP schemes.

The second phase of the feed-in tariff project started on 28 October 2016. Since then, the announced kW price has been objected to by investors due to its low value which would could push funding institutions to reject the projects.

According to the implementing rules of the second phase, investors are committed to achieve the financial closure of their projects within 18 months starting from 28 October 2016, with a letter of guarantee to be submitted by the foreign funding institutions within a maximum period of 12 months for wind energy projects. 

The post Three companies request land to establish wind farms worth $500m appeared first on Daily News Egypt.

]]>
https://www.dailynewsegypt.com/2019/01/07/three-companies-request-land-to-establish-wind-farms-worth-500m/feed/ 0
Gasoline 95 price tied to Brent price, exchange rate, transport costs: Petroleum Ministry spokesperson https://www.dailynewsegypt.com/2019/01/07/gasoline-95-price-tied-to-brent-price-exchange-rate-transport-costs-petroleum-ministry-spokesperson/ https://www.dailynewsegypt.com/2019/01/07/gasoline-95-price-tied-to-brent-price-exchange-rate-transport-costs-petroleum-ministry-spokesperson/#respond Mon, 07 Jan 2019 17:17:00 +0000 https://www.dailynewsegypt.com/?p=686153 No intention to increase prices of other fuels until end of current fiscal year

The post Gasoline 95 price tied to Brent price, exchange rate, transport costs: Petroleum Ministry spokesperson appeared first on Daily News Egypt.

]]>
The committee to follow-up on the mechanism of automatic pricing of petroleum products formed by the decision of the Council of Ministers intends to price gasoline 95 according to the global oil price, exchange rate, and transport expenses.

Hamdy Abdel Aziz, official spokesperson of the ministry of petroleum and mineral resources, informed Daily News Egypt that the current price of gasoline 95 is EGP 7.75, which is close to the actual cost.

Furthermore, he explained that the change in the price will be under 10% every three months, after the committee reviews the factors. The mechanism will be applied starting from April.

Gasoline 95 consumption accounts for 4% of the total fuel consumed in the Egyptian market, Abdel Aziz added.

Moreover, he stressed that there is no intention to increase the prices of other types of petroleum products in the domestic market until the end of the fiscal year 2018/19.

The Egyptian Gazette has published on 7 January Prime Minister Mostafa Madbouly’s decision No 2764 of 2018 about the formation of a technical committee to follow-up the automatic pricing system of gasoline based on crude oil prices.

The committee shall include representatives of the ministries of petroleum and finance and the Egyptian General Petroleum Corporation (EGPC). The representatives will be nominated by the Minister of Finance, Mohamed Moeit, and the Minister of petroleum, Tarek El-Molla.

Madbouly ordered the technical committee to follow up on the price equation on a quarterly basis through linking the sale price of Octane 95 in the local market with the global prices of Brent and exchange rate, considering any other costs which can be adjusted in a non-cyclical manner.

Moreover, the technical committee is competent in observing the implementation of the pricing mechanism, making recommendations and proposals and addressing any problems that may arise in implementation.

Furthermore, the committee shall submit its recommendations and proposals to the ministers of finance and petroleum.

According to the prime minister’s decision, the pricing mechanism is applicable on Octane 95 delivered to consumers including value-added tax starting from the end of December 2018.

Over and above, the prices should be reviewed regularly as the change in selling prices for consumers should not exceed 10% of the current selling price.

The post Gasoline 95 price tied to Brent price, exchange rate, transport costs: Petroleum Ministry spokesperson appeared first on Daily News Egypt.

]]>
https://www.dailynewsegypt.com/2019/01/07/gasoline-95-price-tied-to-brent-price-exchange-rate-transport-costs-petroleum-ministry-spokesperson/feed/ 0
Government negotiations to bring down Egypt’s $2bn fine for Unión Fenosa https://www.dailynewsegypt.com/2019/01/05/government-negotiations-to-bring-down-egypts-2bn-fine-for-union-fenosa/ https://www.dailynewsegypt.com/2019/01/05/government-negotiations-to-bring-down-egypts-2bn-fine-for-union-fenosa/#respond Sat, 05 Jan 2019 18:14:39 +0000 https://www.dailynewsegypt.com/?p=685955 Compensation of partners to stop pumping of gas to Damietta LNG Plant with part of revenue: Source

The post Government negotiations to bring down Egypt’s $2bn fine for Unión Fenosa appeared first on Daily News Egypt.

]]>
The Egyptian government is nearing an agreement with Italian-Spanish Union Fenosa Gas (UGS) on dropping of the arbitration proceedings at World Bank’s the International Centre for the Settlement of Investment Disputes (ICSID) against the Egyptian Natural Gas Holding Company (EGAS), as the Damietta liquefaction plant gradually operates this year after a six-year hiatus.

A source in the oil sector informed Daily News Egypt that the ministry of petroleum is negotiating with UFG to settle the case with amounts deducted from EGAS’s share in the revenues of the factory’s re-operation, in return for waiving the international arbitration case filed against Egypt.

He added that the ministry is considering allowing the Damietta plant to export quantities of natural gas produced from Cyprus and Israel fields in the Mediterranean Sea, thus achieving economic returns in Egypt and ending arbitration disputes.

Furthermore, he pointed to the start of negotiations with foreign partners in the Damietta plant for the price of gas and fees for the use of the national network of gases, in return for the gradual re-operation of the plant and the export of quantities of natural gas produced locally.

A decision by an arbitration panel of the ICSID recently issued a majority opinion requiring the EGAS to compensate the UGS with an amount of $2bn.

The source pointed out that the foreign partners in the Damietta plant accused the state-owned EGAS that it had stopped supplying quantities of gas agreed upon in the gas sale and purchase contract between the Egyptian General Petroleum Corporation, EGAS and Unión Fenosa in 2000, which obliges EGAS to supply 750m million cubic feet of gas per day to the Damietta plant starting from January 2005.

Following the January 2011 revolution and subsequent crises, the gas supply to the plan reduced until stopping in December 2012 until now.

The source noted that the Italian Eni was approved to export part of the gas produced from the Zohr gas well through the Damietta plant if the local market does not need it.

The Damietta plant ownership is 26% owned by Italy’s Eni, 26% by Unión Fenosa and SEAGas, and 48% by the Egyptian government.

The post Government negotiations to bring down Egypt’s $2bn fine for Unión Fenosa appeared first on Daily News Egypt.

]]>
https://www.dailynewsegypt.com/2019/01/05/government-negotiations-to-bring-down-egypts-2bn-fine-for-union-fenosa/feed/ 0
Ganoub El Wadi to float tender for oil exploration in 10 Red Sea sites https://www.dailynewsegypt.com/2019/01/02/ganoub-el-wadi-to-float-tender-for-oil-exploration-in-10-red-sea-sites/ https://www.dailynewsegypt.com/2019/01/02/ganoub-el-wadi-to-float-tender-for-oil-exploration-in-10-red-sea-sites/#respond Wed, 02 Jan 2019 18:24:13 +0000 https://www.dailynewsegypt.com/?p=685834 Importance of providing necessary data to start exploration activity in region, allow international companies to better assess opportunities, prospects of oil, gas reserves

The post Ganoub El Wadi to float tender for oil exploration in 10 Red Sea sites appeared first on Daily News Egypt.

]]>
The Ganoub El Wadi Petroleum Holding Company intends to launch its first international tender for oil and gas exploration in 10 Red Sea sites during the first quarter (Q1) of this year.

A source from the company informed Daily News Egypt that the tender was previously scheduled for 2018, but was delayed until the finalisation of the required approvals.

He pointed out that the Red Sea is one of the most promising virgin areas and requires extensive exploration activity.

He explained that the tender is based on the results of the geophysical survey conducted in the Red Sea, in cooperation between Ganoub El Wadi and Schlumberger International.

The source referred to the collection of two-dimensional seismic data with new techniques, after the completion of the seismic survey and the collection of data about Egyptian economic waters in the Red Sea of an area exceeding 10,000km, with investment of $750m.

He stressed the importance of providing the necessary data to start exploration activity in the region and to allow international companies to better assess the opportunities and prospects of oil and gas reserves in the Red Sea.

Furthermore, the source added that the ministry of petroleum prepared an ambitious plan to put the Red Sea on the map of investment to achieve new discoveries similar to the Mediterranean fields to support the production of oil and gas in Egypt.

“The agreement on demarcation of the maritime border in the Red Sea region with Saudi Arabia allowed Egypt to start the oil activity in the Red Sea for the first time. The project of developing and modernising the sector is currently under way to develop the model of petroleum agreements and facilitate procedures to encourage investments in the Red Sea region and attract new international companies,” said Minister of Petroleum, Tarek El-Molla, in previous remarks.

He added that the ministry is taking several steps to increase the attraction of investments in the field of research and exploration of oil and gas through the new seismic projects in the Red Sea, Gulf of Suez, and the Western Mediterranean. In addition, the ministry is setting up an electronic portal for marketing of oil exploration, which will contribute to attracting international companies.

The post Ganoub El Wadi to float tender for oil exploration in 10 Red Sea sites appeared first on Daily News Egypt.

]]>
https://www.dailynewsegypt.com/2019/01/02/ganoub-el-wadi-to-float-tender-for-oil-exploration-in-10-red-sea-sites/feed/ 0
Firnas Shuman hired as consultant for establishment of solar power plant in Kom Ombo https://www.dailynewsegypt.com/2019/01/02/firnas-shuman-hired-as-consultant-for-establishment-of-solar-power-plant-in-kom-ombo/ https://www.dailynewsegypt.com/2019/01/02/firnas-shuman-hired-as-consultant-for-establishment-of-solar-power-plant-in-kom-ombo/#respond Wed, 02 Jan 2019 16:59:57 +0000 https://www.dailynewsegypt.com/?p=685829 Arab Fund for Economic, Social Development to fund project, contractors to be selected after completion of studies

The post Firnas Shuman hired as consultant for establishment of solar power plant in Kom Ombo appeared first on Daily News Egypt.

]]>
The New and Renewable Energy Authority (NREA) has contracted with Firnas Shuman to undertake the consultancy work for the construction of a 50MW solar power plant in cooperation with the Arab Fund for Economic and Social Development.

The NREA sources informed Daily News Egypt that the consultant will conduct a feasibility study for the construction of a solar power plant in Kom Ombo in Aswan. The completion of the study will take six to eight 8 months. The tender will be submitted to international and Arab companies within one month of the completion of the studies.

The total cost of constructing a 50MW solar power plant in Kom Ombo, Aswan, is about $86m. The Arab Fund for Economic and Social Development will contribute to the funding.

In a parallel context, the sources explained that DNVGL, consulted the establishment of a 50MW solar power station in Zafarana, funded by the Arab Fund for Economic and Social Development, sent preliminary reports to establish the project, and the process of selecting the implementation contractor is still in the study stage.

The NREA plans to build five solar power plants with a capacity of 200MW by photovoltaic cell system, by which solar energy will be converted to electricity through the use of solar panels, in cooperation with Japan International Cooperation Agency (JICA), the French Development Agency, and a number of foreign entities.

The NREA Head, Mohamed Al-Khayat, said that there is a strong demand from international financial institutions to invest and finance projects to generate electricity from solar and wind stations.

He pointed out that the ministry of electricity has developed a map showing the promising areas for operation, especially as Egypt has distinct areas for wind farms, especially in the Gulf of Suez.

The post Firnas Shuman hired as consultant for establishment of solar power plant in Kom Ombo appeared first on Daily News Egypt.

]]>
https://www.dailynewsegypt.com/2019/01/02/firnas-shuman-hired-as-consultant-for-establishment-of-solar-power-plant-in-kom-ombo/feed/ 0
HCWW is preparing to submit a tender for development of Kitchener Drain https://www.dailynewsegypt.com/2019/01/02/hcww-is-preparing-to-submit-a-tender-for-development-of-kitchener-drain/ https://www.dailynewsegypt.com/2019/01/02/hcww-is-preparing-to-submit-a-tender-for-development-of-kitchener-drain/#respond Wed, 02 Jan 2019 16:45:34 +0000 https://www.dailynewsegypt.com/?p=685823 Preparing prospectus, awaiting letter of no objection from the financiers: Raslan

The post HCWW is preparing to submit a tender for development of Kitchener Drain appeared first on Daily News Egypt.

]]>
The Holding Company for Water and Waste Water (HCWW) is preparing to offer a tender for the selection of the consultant of the development project of Kitchener Drain in Gharbiya governorate. 

The company’s chairperson, Mamdouh Raslan, informed Daily News Egypt that they are preparing a prospectus for the selection of the consultant. After it is completed, it will be sent to the sponsors of the development project to obtain a letter of no objection to the tender.

He explained that the final agreement was signed with the sponsors of the project and presented to the Council of Ministers. The first tranche of loans will be disbursed during the first half of this year.

The project is financed by the European Investment Bank with €214m, the European Bank for Reconstruction and Development of with €148.3m, and a grant of €46m from the Neighbourhood Investment Facility (NIF). The total funding for the project is €400m.

The project is based on three axes, including the collection and treatment of wastewater, solid waste management, and rehabilitation of the drain infrastructure.

Raslan pointed out that the project includes the rehabilitation of nearly 24 existing sewage treatment plants, the expansion of 6 sewage plants, the establishment of one sewage plant and the establishment of a centralised sewage collection systems.

In addition, it includes the construction of a modern structure, in cooperation with the best international experience, to improve the health and environment of about 11 million citizens in 180 villages in the provinces of Gharbiya, Dakahlia and Kafr El Sheikh, and to support the purification of wastewater to be reused safely in irrigation and agriculture.

Since 2006, the government has been working to solve the crisis of the drainage issue until President Abdel Fattah Sisi assigned the government to work to resolve this crisis and to provide the necessary funding by international institutions. The ministry of investment and international cooperation secured €400m from these institutions to solve this problem as soon as possible.

The post HCWW is preparing to submit a tender for development of Kitchener Drain appeared first on Daily News Egypt.

]]>
https://www.dailynewsegypt.com/2019/01/02/hcww-is-preparing-to-submit-a-tender-for-development-of-kitchener-drain/feed/ 0
EGPC pays $3.1 per million BTUs produced from North Alexandria fields https://www.dailynewsegypt.com/2019/01/01/egpc-pays-3-1-per-million-btus-produced-from-north-alexandria-fields/ https://www.dailynewsegypt.com/2019/01/01/egpc-pays-3-1-per-million-btus-produced-from-north-alexandria-fields/#respond Tue, 01 Jan 2019 18:44:51 +0000 https://www.dailynewsegypt.com/?p=685711 The Egyptian General Petroleum Corporation (EGPC) is paying about $3.1 per million British thermal unit (BTUs) of British Petroleum’s(BP) share of the gas currently produced from the fields of northern Alexandria and the deep West Delta in the Mediterranean, according to the price formula linked to oil prices in world markets. A source at the …

The post EGPC pays $3.1 per million BTUs produced from North Alexandria fields appeared first on Daily News Egypt.

]]>
The Egyptian General Petroleum Corporation (EGPC) is paying about $3.1 per million British thermal unit (BTUs) of British Petroleum’s(BP) share of the gas currently produced from the fields of northern Alexandria and the deep West Delta in the Mediterranean, according to the price formula linked to oil prices in world markets.

A source at the EGPC told Daily News Egypt that the decline of Brent price to about $53 a barrel reduces the value of the foreign partner’s share in the gas produced from fields north of Alexandria and the West Delta deep water and that which is purchased by the EGPC for its needs in the local market.

He added that the price of gas produced from the fields of northern Alexandria and the West Delta in the Mediterranean Sea is linked to a price equation of minimum $3.1 per million thermal units and a maximum $4 per million thermal units when the price of oil barrel reaches $100 in global markets.

The source said that the agreement provides for the pumping of the entire production of fields north of Alexandria and West Delta to local market, and the agreement was amended to allow BP to export quantities with the consent of the ministry of petroleum, in the event of surplus compared to domestic consumption.

The source pointed out that the production of gas from the second phase of the project of development and production of gas from the fields of North Alexandria and the West Delta started at the rate of 400m cubic feet from the Giza and Fayoum fields during the current month, gradually increasing to 700m cubic feet. Raven field will be linked to production in 2019.

The completion of all phases of the project, with investments of more than $10bn, will bring the total production to 1.6bn cubic feet of gas per day (cfgd). The project is being implemented by a consortium of British BP and German DEA.

The first phase of the project began production in March 2017 eight months ahead of schedule, and was inaugurated by President Abdel Fattah al-Sisi in May of the same year at a production rate of 700m cubic feet of gas from the Torres and Libra fields.

The fields of North Alexandria and the West Delta are 65km from the coast of the cities of Edko and Rashid, at 350-850 metres deep below sea level. The project’s reserves stand at about 5tn trillion cubic feet of gas.

The post EGPC pays $3.1 per million BTUs produced from North Alexandria fields appeared first on Daily News Egypt.

]]>
https://www.dailynewsegypt.com/2019/01/01/egpc-pays-3-1-per-million-btus-produced-from-north-alexandria-fields/feed/ 0
Minister of Electricity meets with heads of distribution companies to discuss high bills complaints https://www.dailynewsegypt.com/2019/01/01/minister-of-electricity-meets-with-heads-of-distribution-companies-to-discuss-high-bills-complaints/ https://www.dailynewsegypt.com/2019/01/01/minister-of-electricity-meets-with-heads-of-distribution-companies-to-discuss-high-bills-complaints/#respond Tue, 01 Jan 2019 16:41:40 +0000 https://www.dailynewsegypt.com/?p=685696 False readings among reasons, solution is prepaid meters

The post Minister of Electricity meets with heads of distribution companies to discuss high bills complaints appeared first on Daily News Egypt.

]]>
The Minister of Electricity and Renewable Energy, Mohamed Shaker, held a meeting with the heads of distribution companies to monitor performance rates, collection rates, and discuss complaints concerning erroneous readings that cause the increase in the value of the consumption bill.

Sources in the Ministry of Electricity informed Daily News Egypt that the Minister of Electricity confirmed that employees who issue wrong bills or manipulate values based on estimated false consumption will be punished, which recently happened in the North Cairo’s Electricity Distribution Company.

The sources pointed out that the company responsible for meter reading did not implement its commitment and a large number of clients complained as the employees did not take the readings for more than two months, even though they live within the same districts they work in.

The step of contracting with a civil company to read the meters came to overcome the deficit in the number of collection and readings workers, as there are only 3,981 readers and 7,272 collectors, according to previous remarks by the minister.

The Egyptian Electricity Holding Company (EEHC) contracted a private company to read meters in two sectors per each distribution company in the republic. However, the high value of bills in the last two months based on false readings indicated a problem.

The sources pointed out that the EEHC has started to implement the pre-paid meter plan to eliminate all problems, errors, and false readings, where the meter is topped up before using and consumers can follow their consumption and ration it themselves.

A large number of citizens complained about the increase in the electricity bill during the past two months, stressing that they did not see the employees responsible for taking meter readings.

The EEHC will conduct a shuffle in the distribution and electricity production company heads within days, which aims to improve the services provided to clients.

The post Minister of Electricity meets with heads of distribution companies to discuss high bills complaints appeared first on Daily News Egypt.

]]>
https://www.dailynewsegypt.com/2019/01/01/minister-of-electricity-meets-with-heads-of-distribution-companies-to-discuss-high-bills-complaints/feed/ 0
Oil prices fell to $53 due to increased supply https://www.dailynewsegypt.com/2018/12/30/oil-prices-fell-to-53-due-to-increased-supply/ https://www.dailynewsegypt.com/2018/12/30/oil-prices-fell-to-53-due-to-increased-supply/#respond Sun, 30 Dec 2018 18:18:14 +0000 https://www.dailynewsegypt.com/?p=685542 Talks to extend OPEC deal to cut oil production in 2019

The post Oil prices fell to $53 due to increased supply appeared first on Daily News Egypt.

]]>
Oil prices continued to drop to around $53 a barrel in yesterday’s trading, down $1 from last week, the lowest level in a year and a half, although Saudi Arabia and Russia have announced the extension of the production reduction agreement in 2019.

Former Deputy Head of the Egyptian General Petroleum Corporation (EGPC) Medhat Youssef, said that the oil-exporting countries of the Organization of Petroleum Exporting Countries (OPEC) have begun to demand a continuation of the agreement to reduce the rates of production for a new period, until the stability of the price of a barrel of oil is at around $60 a barrel.

He pointed out that the decline in the price of a barrel of oil in world markets will have a positive impact on importing countries such as Egypt, in reducing the monthly import bill.

“OPEC’s agreement with oil-exporting countries will not be fully achieved because there are countries that have large contracts to supply crude shipments, as well as the United States of America that continued to increase its shale oil production,” he added.

He explained that the US and Iran are the reason for the increase in the quantities of oil in world markets compared to consumption rates, which led to continued decline in Brent prices, despite the other exporting countries which cut production.

He pointed out that the countries competing in the oil market will not implement the extension of the resolution next year, if the US continued increasing shale oil production to avoid giving it an edge.

He added that the price of a barrel of oil will not exceed $60 next month, if the OPEC announced extending the agreement through 2019.

The OPEC has approved an agreement, in cooperation with a number of the largest oil-producing countries outside the organisation, led by Russia, which is currently the largest producer of oil in the world, in November of 2016, which aims to reduce production by about one million barrels. The agreement entered into force at the beginning of last year, and later was extended until the end of 2018.

The post Oil prices fell to $53 due to increased supply appeared first on Daily News Egypt.

]]>
https://www.dailynewsegypt.com/2018/12/30/oil-prices-fell-to-53-due-to-increased-supply/feed/ 0
Egypt to start first phase of electricity interconnection with Sudan within three weeks https://www.dailynewsegypt.com/2018/12/30/egypt-to-start-first-phase-of-electricity-interconnection-with-sudan-within-three-weeks/ https://www.dailynewsegypt.com/2018/12/30/egypt-to-start-first-phase-of-electricity-interconnection-with-sudan-within-three-weeks/#respond Sun, 30 Dec 2018 18:06:38 +0000 https://www.dailynewsegypt.com/?p=685540 electricity exchange capacity with Jordan, Libya to reach 1,000MW

The post Egypt to start first phase of electricity interconnection with Sudan within three weeks appeared first on Daily News Egypt.

]]>
Egypt will start the first phase of the electricity interconnection project with Sudan with a capacity of 100MW within three weeks.

Government sources informed Daily News Egypt that the country has completed 96% of installations and construction work of the project with only conductors left to be installed. The minister of electricity has instructed to complete all operating tests before the end of January 2019.

Performance and operating tests shall be conducted daily for a period of two to three weeks. After the tests are completed, the production will be linked to the electrical grid and other stages of the project will follow successively.

India’s Larsen and Toubro (L&T) is implementing the overhead double circuit transmission line. The connection begins from the Toshka-2 transformer station to Arqin station in Sudan on 220kV in the first phase then 500kV in the second phase.

The government seeks to complete the electricity linkage project with Sudan as soon as possible, as Egypt is keen to support African and Nile Basin countries to meet their electricity needs.

In parallel, Egypt agreed to request Jordan and Libya to increase the exchange of electricity capacity to 1,000MW, up from 770MW.

The electricity ministry sources told Daily News Egypt that the value of energy is calculated based on the price of foreign currency, the time of exchange, and the price of fuel used in the production, and the increase of the electrical capacity with Jordan is different from upgrading the voltage of electrical lines from 220 to 400 kV, which allows the possibility of exchanging electricity with Jordan up to 2,000MW.

As for the electrical connection with Libya, the 200 kV lines will allow the exchange of 220MW and is expected to increase within two months.

The relations between Egypt, Jordan, and Libya are witnessing positive development and remarkable progress in all fields, especially in the fields of energy.

According to the sources, the ministry of electricity aims to increase electricity interconnection with its neighbouring countries to about 2,000MW, starting next year, especially after achieving a surplus in production.

The post Egypt to start first phase of electricity interconnection with Sudan within three weeks appeared first on Daily News Egypt.

]]>
https://www.dailynewsegypt.com/2018/12/30/egypt-to-start-first-phase-of-electricity-interconnection-with-sudan-within-three-weeks/feed/ 0
Fuel economy question, lubricants’ role in achieving it https://www.dailynewsegypt.com/2018/12/27/fuel-economy-question-lubricants-role-in-achieving-it/ https://www.dailynewsegypt.com/2018/12/27/fuel-economy-question-lubricants-role-in-achieving-it/#respond Thu, 27 Dec 2018 08:00:00 +0000 https://www.dailynewsegypt.com/?p=685250 New adopted rules call for average fuel efficiency across manufacturer’s fleets to reach equivalent about 92 mpg by 2030, up from 57 mpg in 2021

The post Fuel economy question, lubricants’ role in achieving it appeared first on Daily News Egypt.

]]>
The fuel economy is becoming one of the most significant issues affecting various industries, as legislators around the globe are setting new targets that will change how the automotive, lubricants, as well as various other industries operate.

Earlier in 2018, the EU agreed on tough automobile fuel economy targets for 2030, but was quickly criticised by automotive manufacturers for being unrealistic, while environmentalists stated that the measures did not go far enough.

The new adopted rules call for average fuel efficiency across manufacturer’s fleets to reach an equivalent of about 92 miles per US gallon (mpg) by 2030, up from 57 mpg in 2021.

To achieve this target, an enormous contribution from electric vehicles is needed, which is still a distant goal, given electric cars’ high prices and the lack of utility, which bodes ill for daily motorists commuting to work. Without a huge improvement in the range of electric cars and a large decrease in prices, many experts argue that the fuel economy’s set targets are yet unreachable.

As for the lubricant manufacturers, adapting to the future of freight and commuting is the way forward, with the ongoing improvements in engines and transmissions.

The energy giant, and lubricant manufacturer, Shell, revealed some of its studies on the topic, focusing on the road to achieve optimal fuel efficiency and its influence on lubricants, the future of freight, as well as fleet management.

What drives the lubricants industry’s revolution?

Shell conducted a survey to find out the main drivers of the lubricant industry’s evolution, and according to the results, the top three drivers of efficiency in modern engine technologies are improved combustion efficiency, better fuel efficiency, and reduced emissions.

Moreover, according to the survey’s results, only 8% believed that the correct lubricant could reduce the vehicle’s costs by over 25%, while anover half admitted that errors in lubrication led to vehicles’ breakdowns, and one in three estimated that this unplanned downtime cost their business more than $100,000, and $21m in savings delivered to fleet vehicles’ customers.

Richard Tucker

EVs penetration in proper heavy-duty equipment will be slower:  general manager of Shell B2B Lubricants

During a presentation, Richard Tucker, the general manager of Shell B2B Lubricants and Supply Chain Technology, explained to Daily News Egypt, that although there are electric trucks to be launched soon, yet he thinks that electrification should first start in passenger cars, adding, “I think the penetration of electric vehicles (EVs) in proper heavy-duty equipment will be much slower, as the battery technologies aren’t there yet, as they still need frequent recharging. So ultimately there will be a smaller market for Rimula type oils when more electric trucks are on the road.”

However, Tucker said that either way, EVs still require lubricants, as there are transmissions, cooling liquids, etc, but they will not need engine oils, except for hybrid vehicles operating with either gasoline or diesel, and electricity.

Moreover, commenting on the survey result which showed that only 8% of the people acknowledged the value of oil in reducing the total cost of maintenance, he explained that oil is not often considered to be that important to fleet’s operation, but is often regarded as a cost for the maintenance manager. He explained that sometimes when companies come under cost pressure, they look for cheaper oils, which is a challenge for a company like Shell to continue to demonstrate its value as it doesn’t produce cheap oil, rather performance oils. He added, “We don’t do that well enough, we need to do better,” he said, adding that this survey is the first step of reversing this belief.

Tucker said that in order to do so, companies have to showcase examples and case studies that are relevant to operators in each country, pointing out that the examples need to focus on local case studies, “It wouldn’t matter that we saved a lot of money for a driver in California, or for a driver in China.”

Furthermore, he revealed that in Shell’s Research and Development (R&D) Department, they do not only work on new products, but also on existent ones, in order to reduce the cost and improve the performance.

“One of the engine manufacturers told me that their number one priority is the fuel economy, and number two priority is the fuel economy, and the number three priority is also the fuel economy,” Tucker declared.

Shell environmental efforts

When it comes to lubricants, Shell is trying to minimise the environmental impact of lubricants on the one hand, while on the other, it is enabling new technologies for vehicles. As for example, the transmission for hybrid cars.

Tucker explained, “Shell Corporation, not only Lubricants, is proactive when it comes to the energy transition, we sell more gas than oil these days,” he stated, adding “At the end of the day, we are an energy company, we also invest a lot of money in what we call new energies. We have around seven wind farms, we also invest in solar energy technologies, as we aim to diversify our energy portfolio.”

On the other hand, Shell gas-to-liquids (GTL) technology turns natural gas into high-quality liquid fuels, base oils for lubricants, and other liquid products that are usually made from oil.

The GTL technology converts natural gas – the cleanest-burning fossil fuel – into high-quality liquid products that would otherwise be made from crude oil. These products include transport fuels, motor oils, and ingredients for everyday necessities like plastics, detergents, as well as cosmetics.

In response to a question on Shell’s role in reducing the usage of aluminium pistons in engine and replacing them with steel, he explained that it is tough to convert aluminium pistons to steel ones, as the strength for the combustion pressure in the engine is essential, the switch to steel pistons poses a challenge in engines because steel conducts heat very well so the oil temperature would be higher. This means that higher quality lubricants will be needed as the lubricants’ temperatures, underneath the pistons, are higher if converted to steel, so the lubricant needs to be able to resist such higher temperatures. For every 10 degrees higher, the lubricant’s oxidation rate doubles.

“As a company, Shell invests around $1.3bn in R&D, making them the biggest company in this area’s investments,” Tucker concluded.

Freight emissions are on the rise but must decrease

In 2015, freight transport and logistics contributed to 7 to 8% of the total CO2 emissions. In order to achieve the global climate goals, an 80% reduction in the CO2 emissions from freight and logistics is needed as freight transport is expected to triple by 2050.

According to the International Energy Agency, trucks currently account for only 18% of the global freight activity, with trucks consuming 17m barrels per day making them the second largest source of the global oil demand. Currently, 67% of freight and 35% transport-related CO2 emissions come from trucks.    

Without further policy efforts, trucks will account for 40% of the oil demand growth in 2050, and to 15% of the increase in global CO2 emissions.

Emissions’ regulations are driving a focus on fuel economy

According to Shell’s studies, in order to achieve such results, it is required to reduce emissions, reduce fuel consumption, increase power output, extend equipment life, extend service intervals, and change engine design.

Consequently, the original equipment manufacturers are exploring lower viscosity engine oils for an improved fuel economy.

Shell has been conducting tests in what they called a “Global Fuel Economy Programme” on 216

different oil-truck combinations, using 18 diesel engines from many of the most recognisable manufacturers, testing eight engine oils ranging from 20W-50W to 0W-20W, across three continents.

The study concluded that long oil drain intervals with Shell’s fuel efficiency engine oils are possible.

The post Fuel economy question, lubricants’ role in achieving it appeared first on Daily News Egypt.

]]>
https://www.dailynewsegypt.com/2018/12/27/fuel-economy-question-lubricants-role-in-achieving-it/feed/ 0
EETC signs agreement with Lekela Power to set up wind station next month https://www.dailynewsegypt.com/2018/12/26/eetc-signs-agreement-with-lekela-power-to-set-up-wind-station-next-month/ https://www.dailynewsegypt.com/2018/12/26/eetc-signs-agreement-with-lekela-power-to-set-up-wind-station-next-month/#respond Wed, 26 Dec 2018 20:01:37 +0000 https://www.dailynewsegypt.com/?p=685253 Three institutions lend $245m to project, OPIC funds Egypt for1st time

The post EETC signs agreement with Lekela Power to set up wind station next month appeared first on Daily News Egypt.

]]>
The Egyptian Electricity Transmission Company (EETC) signed an agreement to purchase the power produced from a 250MW wind power farm, to be implemented by Lekela Power next month.

Sources familiar with the deal told Daily News Egypt that Lekela Power agreed with three European banking institutions to finance the project with $245m, including the International Finance Corporation (IFC), which will fund the project with $82m, while the European Bank for Reconstruction and Development is contributing with $81m, and the Overseas Private Investment Corporation (OPIC) will provide $82m, for the first time in Egypt.

The source said that the company will sign the final agreement with the banks after the Christmas holidays. The cost of setting up the wind station is $370m.

The sources added that after the agreement, the company will have three to five months to conclude its financial closure.

The company is preparing to start the project after it obtained the site where the wind station will be located, west of the Gulf of Suez.

According to the agreement, the company will sell energy at 3.82 cents under the same conditions included in its contract with Orascom, which operates a 250MW wind farm.

The project is part of the government’s plan for the implementation of the build, own, operate (BOO) energy projects, located 30km northwest of Ras Gharib. The project’s site benefits from strong wind sources, providing high capacity factors, and allows the wind station to sell energy at a competitive price.

Lekela Power was founded by several shareholders, including Actis with 60%, and 40% for a consortium led by Mainstream Renewable Power, which includes investors such as the IFC, and the Rockefeller Brothers Fund.

The post EETC signs agreement with Lekela Power to set up wind station next month appeared first on Daily News Egypt.

]]>
https://www.dailynewsegypt.com/2018/12/26/eetc-signs-agreement-with-lekela-power-to-set-up-wind-station-next-month/feed/ 0
Schneider Electric supplies El-Hayez village in El-Wahat El-Bahariya with clean water using solar energy https://www.dailynewsegypt.com/2018/12/26/schneider-electric-supplies-el-hayez-village-in-el-wahat-el-bahariya-with-clean-water-using-solar-energy/ https://www.dailynewsegypt.com/2018/12/26/schneider-electric-supplies-el-hayez-village-in-el-wahat-el-bahariya-with-clean-water-using-solar-energy/#respond Wed, 26 Dec 2018 09:30:54 +0000 https://www.dailynewsegypt.com/?p=685109 Company creates irrigation system for 140 feddan

The post Schneider Electric supplies El-Hayez village in El-Wahat El-Bahariya with clean water using solar energy appeared first on Daily News Egypt.

]]>
Schneider Electric, a global leader in energy management and automation, has completed the installation of a solar-powered water pumping system at two wells in the El-Hayez village in the El-Wahat El-Bahariya. The system provides clean water to grow 140 feddan and reduces carbon dioxide emissions by 38 tonnes per year.

Schneider Electric replaced the current solar-powered pump with a solar system to operate two water wells, the Sherif and Gomaa wells. The project aims to serve 28 families in El Hayez village, which relies on agriculture.

Walid Sheta, regional president of Schneider Electric in Egypt and North East Africa, said that access to energy is a basic right for everyone. “The project is expected to provide a lifeblood and source of income for some 28 households whose main income is based on agriculture, which will help attract investors to the region.”

The water pumping system is equipped with Schneider Electric’s EcoStruxure technology, which ensures that performance is maintained through immediate monitoring of water production and pumping.

Schneider Electric has refurbished the control plant at the El-Hayez drinking water plant with its new Altivar 312 solar-powered engine, in order to help provide drinking water at a lower cost to individuals in areas with low or no electrical connections. The new system will also ensure an eightfold increase in water supply to the region.

“We are working to deliver reliable, safe, efficient, and sustainable energy to all,” Sheta said. “The company offers programmes to help secure electricity to people who need it, and to develop innovative solar networks to save energy in remote areas.”

The post Schneider Electric supplies El-Hayez village in El-Wahat El-Bahariya with clean water using solar energy appeared first on Daily News Egypt.

]]>
https://www.dailynewsegypt.com/2018/12/26/schneider-electric-supplies-el-hayez-village-in-el-wahat-el-bahariya-with-clean-water-using-solar-energy/feed/ 0
North Cairo Electricity Distribution Company receives offers to establish control centre, supply metres https://www.dailynewsegypt.com/2018/12/26/north-cairo-electricity-distribution-company-receives-offers-to-establish-control-centre-supply-metres/ https://www.dailynewsegypt.com/2018/12/26/north-cairo-electricity-distribution-company-receives-offers-to-establish-control-centre-supply-metres/#respond Wed, 26 Dec 2018 09:00:32 +0000 https://www.dailynewsegypt.com/?p=685106 Siemens, Toyota alliances compete for execution, JICA finances project

The post North Cairo Electricity Distribution Company receives offers to establish control centre, supply metres appeared first on Daily News Egypt.

]]>
The North Cairo Electricity Distribution Company started receiving bids for the tender to establish an electrical control centre and the supply of smart electricity metres for the company, financed by the Japan’s Cooperation Agency (JICA).

Nagy Aref, head of the North Cairo Electricity Distribution Company, informed Daily News Egypt that the two alliances that qualified for the tender requested to extend the deadline to January instead of December, which was approved.

The JICA will finance the project with a value of $104m, including the supply of 450,000 smart metres in Helmiya and Al-Matriyah districts, as well as the establishment of a control centre in the Helmiya area.

Aref added that a number of companies had asked to participate in the project, but according to the stringent requirements and standards of the JICA, the Siemens-Landis+Gyr alliance and the Toyota-ISKRA-IBB-Schneider Electric alliance have qualified.

The Egyptian Electricity Holding Company (EEHC) signed a loan with the Japan Cooperation Agency (JICA) worth ¥10.7bn to finance the projects in Alexandria, North Delta, and North Cairo.

The EEHC will disperse the loan on three tranches. The repayment period extends over 30 years with a grace period of 10 years and an interest of 0.01%.

Furthermore, the EEHC contracted with a global Japanese consultant in cooperation with the Modern Systems Engineering of the ministry of electricity to prepare the technical specifications and standards for the automation project of the distribution companies.

The ministry of electricity aims to rehabilitate, develop, and expand electrical networks at the level of the country within two years, in accordance with the directives of President Abdel Fattah Al Sisi, so that the electricity sector can continue to supply electricity without problems.

Husseini al-Far, a member of the country’s electricity distribution sector, said that the priorities of the sector are currently implementing the plan to develop and modernise the transmission and distribution networks and the control centres needed to absorb the added capabilities of the new projects, and raise the level of service provided to the public with high efficiency.

The post North Cairo Electricity Distribution Company receives offers to establish control centre, supply metres appeared first on Daily News Egypt.

]]>
https://www.dailynewsegypt.com/2018/12/26/north-cairo-electricity-distribution-company-receives-offers-to-establish-control-centre-supply-metres/feed/ 0
OAPEC ministers meet for 101st round in Kuwait https://www.dailynewsegypt.com/2018/12/26/oapec-ministers-meet-for-101st-round-in-kuwait/ https://www.dailynewsegypt.com/2018/12/26/oapec-ministers-meet-for-101st-round-in-kuwait/#respond Wed, 26 Dec 2018 08:30:10 +0000 https://www.dailynewsegypt.com/?p=685102 Reappointment of Al Bassam & Partners as auditor

The post OAPEC ministers meet for 101st round in Kuwait appeared first on Daily News Egypt.

]]>
The Organisation of Arab Petroleum Exporting Countries (OAPEC), headed by Abbas Ali Al-Naqi, held its 101st meeting of the Council of Ministers on Sunday in Kuwait, under the chairmanship of Suhail Al Mazrouei, the UAE’s Minister of Energy and Industry.

The chairperson of the meeting stressed that the OAPEC’s objective is the cooperation of its member states in the various aspects of activities related to the petroleum industry, to serve the countries’ best interests. 

After the adoption of the agenda, the council deliberated and discussed the issues listed below and approved them, namely the ratification of the minutes of the 100th meeting of the organisation’s Council of Ministers, held at the level of delegates in Kuwait on 30 April 2018.

The council adopted the draft budget of the organisation’s secretariat and judicial tribunal for 2019, the reappointment of Al Bassam & Partners as the auditor of the organisation’s secretariat and judicial tribunal for 2019, and reviewed the report of OAPEC’s general secretariat on the global petroleum situation.

The council also reviewed the report of the 11th Arab Energy Conference, held in Marrakesh, Morocco, from 1 to 4 October 2018, and reviewed the reports of the secretariat’s activities in the area of studies carried out during 2018, where eight technical and economic studies on oil and energy were completed.

They also reviewed the environmental affairs including climate change, and most significantly, the outcomes of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP24), held in Poland from 2 to 14 December 2018.

The council also reviewed the annual report which examined the activity of the Arab companies emanating from the organisation during 2017 and the first half of 2018. It was briefed on the results of the 47th annual coordination meeting of these companies held in Marrakesh on 4 October 2018.

Furthermore, the council approved extending the period of supervision of Iraq on the Arab Petroleum Training Institute, for one year from January 2019. Bahrain will assume the presidency of the next session of the Council of Ministers and the executive office of the organisation for a period of one year from 1 January 2019.

At the end of the meeting, it was agreed to hold the next Council of Ministers’ meeting in Kuwait next year.

The Secretary-General of the OAPEC, Abbas Ali Al-Naqi, presented the draft agenda for the meeting, which included a number of topics, where the secretariat will inspect the activities and work conducted during 2018, as well as the draft budget of the organisation for 2019.

The post OAPEC ministers meet for 101st round in Kuwait appeared first on Daily News Egypt.

]]>
https://www.dailynewsegypt.com/2018/12/26/oapec-ministers-meet-for-101st-round-in-kuwait/feed/ 0
Period of inspections, payment for coded electricity meters extended for 2 months https://www.dailynewsegypt.com/2018/12/26/period-of-inspections-payment-for-coded-electricity-meters-extended-for-2-months/ https://www.dailynewsegypt.com/2018/12/26/period-of-inspections-payment-for-coded-electricity-meters-extended-for-2-months/#respond Wed, 26 Dec 2018 08:00:05 +0000 https://www.dailynewsegypt.com/?p=685100 Council of Ministers competent authority to open door to receive new applications: al-Far

The post Period of inspections, payment for coded electricity meters extended for 2 months appeared first on Daily News Egypt.

]]>
The Egyptian Electricity Holding Company decided to extend the period of inspections and payment for measurements of the coded electricity meters for two months.

Husseini al-Far, a member of the Electricity Distribution Sector, informed Daily News Egypt that the deadline for payment of measurements and conducting inspections of all distribution companies has been extended for two months, ending in February, so that all applicants will be able to pay in the coming period.

The period was set to end in December, but some companies witnessed a large turnout and will need more time to conduct inspections and receive measurements’ payments.

He added that the Council of Ministers is the competent authority to open the door to receive new applications for the installation of the meters, noting that a detailed memorandum was sent to the minister of electricity, which includes the current and anticipated situation of the meters, to be submitted to the Council of Ministers.

Furthermore, the electricity sector, through the installation of pre-paid coded meters in informal settlements, was able to eliminate part of the financial losses incurred from electricity thefts, indicated al-Far.

Moreover, the Council of Ministers’ decision granted the installation of pre-paid coded meters based on their requests until 30 June 2018. The total number of installed pre-paid coded meters amounted to 1.8m.

The conditions laid down by the Council of Ministers included that buildings should not be located on artefacts, roads, state lands, or in violation of civil aviation terms.

The controls include the addition of buildings on agricultural land and to supply them with electricity until local councils come to a decision regarding each case separately. The required paperwork includes an approval from the case district, a copy of the national ID card, and the property ownership contract.

Installing coded meters in informal settlements is carried out once users sign a declaration that the meter does not count as a legal document, and that the property is not in violation of any laws. The meter is not registered to the consumers’ names, however, it bears a serial number.

The post Period of inspections, payment for coded electricity meters extended for 2 months appeared first on Daily News Egypt.

]]>
https://www.dailynewsegypt.com/2018/12/26/period-of-inspections-payment-for-coded-electricity-meters-extended-for-2-months/feed/ 0