Energy in Egypt

  • Egypt increases electricity cost by 42%

    EGYPT, 2017/07/29 Egypt increased electricity prices by up to 42 % on Thursday, a week next hiking fuel prices as part of tough economic reforms. The new rises depending on consumption levels will take result as of this month, Minister of Electricity, Mohammed Chaker said, according to national television. “The ministry has a plan to phase out electricity subsidy by 2021,” he added. The new hikes cut the electricity subsidy in the country’s new fiscal year starting in July by 32 billion Egyptian pounds (around 1.7 billion dollars), private newspaper al-Masry al-Youm reported.
  • How to boost private sector investment in Africa’s electricity infrastructure

    BOTSWANA, 2017/06/15 A new World Bank statement has called for increased private sector investment in Africa’s under-developed electricity transmission infrastructure, a vital ingredient for reaching Africa’s energy goals. The statement which was made available to the Ghana News Agency on Thursday by the World Bank indicated that Africa lags behind the rest of the world at the same time as it comes to electricity, with just 35 % of the people with access to power and a generation capacity of only 100 GW. According to the statement those who do have power typically consume relatively little, face frequent outages and pay high prices.
  • Cyprus, Egypt sign gas export pipeline deal

    CYPRUS, 2016/09/01 Cyprus and Egypt signed a transaction on Wednesday paving the way for detailed negotiations on a submarine pipeline to export natural gas from the Mediterranean island to its energy-starved neighbour. Cyprus has been eager to fasten alternative ways to exploit its offshore reserves next proven finds so far were insufficient to make a planned liquefied natural gas plant on the island's south coast financially viable. Cyprus Energy Minister Georgios Lakkotrypis, and Egypt's Minister of Petroleum and Mineral Resources Tarek El Molla signed the agreement clearing the way for further negotiations on construction of the pipeline from offshore fields in Cyprus's exclusive economic zone to Egypt, where the gas will be used either for domestic consumption or re-export.
  • Connecting 7 Gigawatts of Power to Help Reinforce Egypt's Grid

    EGYPT, 2016/04/28 Egypt is going through a period of tremendous increase and economic diversification that is being fueled by new power supply for industrial, manufacturing and commercial development. However, building power plants is only the initial step in connecting new electricity to the grid. It's equally significant to expand the transmission and distribution infrastructure required to carry all that new electricity. GE Grid Solutions is supporting this effort with a recently announced transaction with the Egyptian Electricity Transmission Company (EETC) to provide GE's advanced gas-insulated switchgear technology to four substations. These substations will help connect 7 gigawatts (GW) of power to the national grid, which are enough to meet the needs of additional than 6.5 million homes across Egypt. As Egypt approaches the hot summer months and the Holy month of Ramadan, this is a crucial project to reinforce Egypt's network during periods of peak request.
  • Egypt's power supply gets an encouraging boost

    EGYPT, 2015/07/05 A $9bn transaction inked in Egypt will give a substantial boost to the country's electricity generation capacity, helping the government address power shortages and support a growing people and economy. On June 3, German industrial conglomerate Siemens agreed a transaction to supply gas and wind power plants that will add 50% − or 16.4 GW − to Egypt's national grid. The transaction, described as the single biggest order in Siemens' 168-year history, was signed during a visit by Egypt’s President Abdel Fattah El Sisi to Germany, and follows on the back of memorandums of considerate (MoUs) signed in March at the Egypt Economic Development Conference in Sharm El Sheikh. It includes the supply of 24 H-Class gas turbines for power plants that are scheduled approaching on-stream in phases, starting in the summer of 2017.
  • Minister of Energy and Electricity Ahmed Imam

    EGYPT, 2014/01/14 Minister of Energy and Electricity Ahmed Imam has reviewed plans to fasten electricity supply during the hours of the referendum on Egypt's new constitution. Officials at the Ministry are intensifying efforts across all governorates to prevent power outage in all polling stations during the referendum.
  • African energy environment seems rather dynamic at present

    BOTSWANA, 2013/07/02 Cross Border Data’s African Energy Atlas 2013 has just come out. What does is tell us about the continent’s energy reserves, production and next prospects? This annual publication is largely comprised by a selection of maps detailing everything from major continental rail and road connections, patterns of political risk, energy infrastructure, country-by-country power supply, oil and gas reserves and downstream hydrocarbons markets. Maps are drawn/updated annually by ‘journalist mapmaker’ David Burles and an introductory piece describes the process of production as requiring the application of investigative techniques to obtain even the majority basic data. Data on the continent’s energy environment has been built up using “not only maps, but as well press releases, news statement and good old-fashioned journalistic legwork”.
  • Carlo Cottarelli, Director of the IMF's Fiscal Affairs Department,

    EGYPT, 2013/04/21 Egypt is among Middle Eastern countries in need of a pressing financial adaptation, an International Monetary Fund (IMF) official said on Wednesday. Egypt is also one of the countries that were harmed by the upsurge in oil prices, Carlo Cottarelli, Director of the IMF's Fiscal Affairs Department, said.
  • Egypt still under blackout due to fuel shortage

    EGYPT, 2013/01/01 Over 15 power stations have not produced energy since yesterday due to a lack of fuel (diesel, natural gas and mazut), according to the Egyptian Electricity Transmission Company (EETC). For the prime time ever, the electricity distributor announced, ''the drastic decrease in available fuel has reduced productive capacity by about 3,000 megawatts per day''.
  • Rise in Electricity Prices By New Year

    EGYPT, 2012/12/05 An official at the Electricity and Energy Ministry said on Sunday that the Cabinet agreed to study an increase in electricity prices but "without harming the limited- benefits" citizens. The new price will be applied to high-tranche consumers with the aim of rationalizing consumption, the official said, adding that this agreement will not be applied to agricultural projects and irrigation. Minister Mahmoud Balbaa asserted that the rise will be gradual and the subsidies for homes will not change as long as the consumption does not exceed 650 kilowatt.