Latest in Tag: electricity Highlight
Latest in Tag: electricity
The NWFI programme is the link between food, water projects, and energy that aims to mobilise concessional development finance, technical support, and investments by the private sector for a package of priority green development projects within the framework of Egypt’s 2050 Comprehensive National Climate Strategy.
The president ordered the rapid completion of electricity projects that will serve the national agricultural projects.
Furthermore, Shaker mentioned that with the completion of the interconnection between Egypt and Saudi Arabia and the completion of similar projects with the countries of the Gulf Cooperation Council, Egypt will be linked to the Arabian Gulf and approximately 98% of the Arab electricity system, allowing the establishment of an Arab electricity exchange and a unified market.
This is compared to the 157.7bn kWh purchased in the current FY.
New proposal to review electricity prices every six months due to changes in production cost
President inaugurates Animal and Dairy Production Complex project in Sadat City
During the meeting, the WB delegation gave a presentation on the topics of the future partnership between the bank and the electricity sector and renewable energy, including the connection with Greece, as well as increasing the linkage capacity with Jordan, in addition to green hydrogen, and the steps related to carbon emissions.
Egyptian president directs to expand in renewable energy projects
Egypt considers the step a violation of the 2015 Declaration of Principles
Mahina added that a committee was formed to study the localisation of electric battery manufacturing in Egypt with the participation of the Ministries of International Cooperation; Trade and Industry; Finance; Planning; and Military Production. The committee is scheduled to meet before the end of the first half of this year.
Egyptian President calls for spreading digital electricity meters nationwide
Egypt is set to sign two agreements for electricity export to Cyprus and Greece in October.
Al-Sisi’s remarks came during his meeting with Prime Minister Mostafa Madbouly, Minister of Electricity and Renewable Energy Mohamed Shaker, and Adviser to President for Urban Planning Amir Sayed Ahmed.
Electricity prices are defined by only consumption segments
Prices are expected to increase by about EGP 0.7-0.15/kwh
Company also launches ‘Study in Egypt’ platform to help foreign students apply to Egyptian universities
Egypt’s Minister of Electricity and Renewable Energy Mohamed Shaker and Minister of Communications and Information Technology Amr Talaat have signed a cooperation protocol to provide the former ministry’s services online.
Japanese Government responded to Egyptian request, by agreeing in 2016 to provide a loan of ¥25bn ($240m) to improve electricity distribution systems
Desouky’s comments came during the company’s Ordinary General Assembly and Extraordinary General Assembly meetings, headed by Minister of Electricity and Renewable Energy Mohamed Shaker.
Al-Sisi also issued decree No. 410 of 2020 on the ratification of another agreement between the Egyptian government and the FDA to finance the development policies in the electricity sector, which was signed on 10 June 2020.
Company would save $130m by transferring these units, which will take place this month, instead of purchasing new ones
Government negotiates with foreign investors to establish new renewable energy projects with capacity of 2,000 MW
President discussed latest developments of electricity projects with Saudi Arabia, Jordan during meeting with Prime Minister Madbouly
Electricity sector investments will see four control centres constructed to support Sinai, Suez Canal electricity network
New network will cover area of 40,000 feddan
Electricity sector is set to increase its production at current prices during FY 2020/21 to about EGP 180.9bn, says El-Said
July electricity bill collection rate did not exceed 80%
Egypt has faced significant challenges in securing its electricity needs, which affected investment in previous years
Electricity Ministry has programme to replace overhead cables with ground cables
The programme aims to promote sustainable development and mitigate climate change impacts on Egypt.