Energy – Daily News Egypt https://eklutdvotyzsri.dailynewssegypt.com Egypt’s Only Daily Independent Newspaper In English Sun, 29 Dec 2019 09:30:59 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.1 NEEASAE considers exploiting its 13,000 sqm land in Damanhur https://eklutdvotyzsri.dailynewssegypt.com/2019/12/28/neeasae-considers-exploiting-its-13000-sqm-land-in-damanhur/ Sat, 28 Dec 2019 14:18:27 +0000 https://wwww.dailynewssegypt.com/?p=717669 Company is studying the possibility of offering it to investors and establishing a mall for electrical products

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El Nasr for Electric & Electronic Apparatus Company (NEEASAE) considers exploiting its land plot in Damanhur estimated of 13,000 sqm.

Informed sources told Daily News Egypt that the company’s board of directors is studying some investment options, including establishing a shopping mall specialised in selling electrical products, opening new production lines of its factories, or offering the land to investors to launch projects that achieve return to the company.

The sources pointed out that a certificate of validity for the land was not issued due to the local council’s demand to deduct one-third of the land area for streets and public facilities without compensation due to the fact that the land was sold in feddan and now the price increased and is sold in square metres.

NEEASAE has four factories in Alexandria for the production of glass and bulbs. The company will study the feasibility of moving these factories, since some of their production lines were established in the 1970s and 1980s.

The financial results of the company for the past fiscal year shows that its produced was estimated at EGP 150m and achieved sales of EGP 140m, with a net profit of EGP 750,000.

Moreover, the company’s production increased in the last fiscal year by about 117% year-over-year, where the value of what was produced in FY 2018/19 reached about EGP 150m, compared to EGP 128.1m in FY 2017/18.

NEEASAE was established in 1930 under the name Philips and in 1944 the production of incandescent bulbs started, and then the production of acoustics and visuals in 1956.

The company produced black and white television in 1964, began producing fluorescent bulbs in 1974, and colour television in 1978. In January 1998, the Egyptian government bought the share of Philips Company and became 100% Egyptian under the name NEEASAE. It is affiliated to the Holding Company for Chemical Industries related to the Ministry of Public Enterprise Sector.

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EEHC studies draft contract for pumped-storage hydroelectricity station by Sinohydro in Ataka https://eklutdvotyzsri.dailynewssegypt.com/2019/12/28/eehc-studies-draft-contract-for-pumped-storage-hydroelectricity-station-by-sinohydro-in-ataka/ Sat, 28 Dec 2019 14:06:59 +0000 https://wwww.dailynewssegypt.com/?p=717653 Sources at the Ministry of Electricity told Daily News Egypt that the company Artelia, which is responsible for consulting the project, sent the final draft of the contract two weeks ago for approval.

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The Egyptian Electricity Holding Company (EEHC) studies an offer from the Chinese Sinohydro to establish a pumped-storage hydropower station in Ataka, Suez governorate.

Sources at the Ministry of Electricity told Daily News Egypt that the company Artelia, which is responsible for consulting the project, sent the final draft of the contract two weeks ago for approval.

The sources said that the final contracts for the project are scheduled to be signed during the first half of next year, adding that Exim Bank of China will finance the project with low interest, and the Egyptian Electricity Transmission Company will purchase the energy produced from the project.

The Ministry of Electricity had asked the national centre to plan the use of the country’s lands to obtain additional areas in Ataka, with 168,000 square metres, to implement a pumped-storage hydroelectricity station.

A ministry official said that the area designated for the project was cleared of mines, and the approvals were obtained from the authorities concerned with the implementation of the project, and all the permits for workers and equipment in the project have been extracted, and Sinohydro is seeking to obtain an additional plot of land for the station.

Sinohydro is responsible for the implementation of the pumped-storage hydroelectricity station in Ataka, using the EPC + FINANCE system, where the Chinese company provides funding from banking authorities and submits them to the EEHC and undertakes the implementation of the project.

The sources said that this project was the largest of its kind in the Middle East, to generate electricity from water stations using pumping and storage technology and is ranked fifth in the world.

The sources added that the Pumped-storage hydroelectricity technology that will be carried out in the Ataka project is one of the best technologies for storing electricity in the world, and it has many benefits, especially with regard to costs in operating networks and storage safety factors for solar and wind energy, as well as achieving a safe rate to secure and stabilise the electricity network.

The projects contribute to the consolidation of the unified electrical network and are used to store the electrical energy produced from renewable energy sources and improve the reliability of these sources in the supply of electrical energy, he concluded.

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Egypt signs four petroleum agreements for oil, gas exploration with investments worth $155m https://eklutdvotyzsri.dailynewssegypt.com/2019/12/26/egypt-signs-four-petroleum-agreements-for-oil-gas-exploration-with-investments-worth-155m/ Thu, 26 Dec 2019 08:00:05 +0000 https://wwww.dailynewssegypt.com/?p=717491 Minister of Petroleum and Mineral Resources, Tarek El Molla  stated that the first agreement  is signed between the Egyptian General Petroleum Corporation and International Egyptian Oil Company (IEOC) for oil and gas exploration in the south-eastern Siwa concession area in the Western Desert, with a  minimum investment of about $17m, allocating about $1.2m to drill four new wells.

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Egypt has signed four new agreements for oil and gas exploration with minimum investments worth $155m in the Western Desert, Suez Gulf, and the Nile Valley for drilling 30 wells.

Minister of Petroleum and Mineral Resources, Tarek El Molla  stated that the first agreement  is signed between the Egyptian General Petroleum Corporation and International Egyptian Oil Company (IEOC) for oil and gas exploration in the south-eastern Siwa concession area in the Western Desert, with a  minimum investment of about $17m, allocating about $1.2m to drill four new wells.

Regarding the second agreement, El Molla declared in a press statement on Wednesday that it is signed between the Egyptian General Petroleum Corporation and IEOC company for oil and gas exploration in the West Razak Development Concession Area in Western desert with investments worth $34m, allocating $5m for drilling 13 new wells. 


He continued that the third agreement was signed between the Egyptian General Petroleum Corporation and Merlon El Fayum Company with minimum investments of about $36m, allocating $2.3m for drilling eight new wells.

Concerning the fourth agreement, the Minister said that it is signed between Ganoub El Wadi Petroleum Holding Co. pacific oil and gas, and ZIM Ningbo (ZNB) for oil and gas exploration

in the south-eastern concession area of ​​Ras Al-Ush in the Gulf of Suez with a minimum investment of about $68m, allocating $2.3bn for drilling five new wells.

He assured the importance of the sustainability of the petroleum sector in signing new petroleum agreements, describing them as the main pillar and cornerstone on which various petroleum activities are based on.

El Molla added that the oil sector contributes to strengthening and maximising the production of Egypt’s oil and gas, mentioning that the oil sector is considered as one of the important pillars in attracting foreign investments and supporting the national economy.


The four new deals will increase the number of signed oil agreements to reach 103

since the 30 June revolution.

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Egypt to establish $1bn phosphoric acid production plant in Abu Tartur  https://eklutdvotyzsri.dailynewssegypt.com/2019/12/25/egypt-to-establish-1bn-phosphoric-acid-production-plant-in-abu-tartur/ Wed, 25 Dec 2019 06:30:55 +0000 https://wwww.dailynewssegypt.com/?p=717368 The project to be established on an area of ​​560,000 sqm in New Valley governorate, says El-Molla

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Minister of Petroleum and Mineral Resources Tarek El-Molla has witnessed the signing of a contract for the construction of a phosphoric acid manufacturing complex project in Abu Tartur, New Valley governorate, at a cost of about $842m.

The signature was between Misr Phosphate Company and a Chinese alliance, consisting of Chinese Construction Engineering Company (CSCEC) and WENGFU Group, which has international experience in this field.

 

El-Molla said that the total investment cost of the project is $1bn, with a production capacity of about 1m tonnes of phosphoric acid annually, which is the basic material in the production of simple and compound phosphate fertilisers.

According to the minister, the complex will be built within the Abu Tartur mine, on an area of ​​560,000 sqm  and a storage area of ​​3m sqm. El Wady for Phosphate Industries and Fertilizers Company will undertake the development, construction, management, and operation of the complex.

 

A long-term sale contract for phosphoric acid with a quantity of about 500,000 tonnes per year, equivalent to half of the expected amount of the project, was signed with WENGFU, which is one of the largest producers of phosphate industries in the world.

 

After the signing, El-Molla affirmed that the project aims to maximise the phosphate reserves in Abu Tartur upon President Abdel Fattah Al-Sisi’s directives to increase investments in the mining sector and raise its contribution to the GDP. He added that this project is considered the first of its kind in Abu Tartur with a huge potential that will allow the establishment of more than one production unit and complementary projects.

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Tenders for Lekela wind farm’s logistics and electrical works start on 10 January https://eklutdvotyzsri.dailynewssegypt.com/2019/12/25/tenders-for-lekela-wind-farms-logistics-and-electrical-works-start-on-10-january/ Wed, 25 Dec 2019 06:00:48 +0000 https://wwww.dailynewssegypt.com/?p=717372 Siemens Gamesa assigned civil works of the project to Rowad Modern Engineering

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Siemens Gamesa will launch two tenders for logistics and electrical works in Lekela’s 250MW West Bakr wind farm on 10 January, an informed source told Daily News Egypt.

Siemens will decide on the winning companies next February.

In addition, the civil works development contract of the project has been awarded to Rowad Modern Engineering.

The project is part of the government’s plan to implement energy projects under the BOO (build, own, operate) system, located 30 km northwest Ras Gharib.

Faisal Issa, CEO of Lekela in Egypt, said the company has agreed with three European banking institutions to finance the project at about $245m, including the International Finance Corporation, the European Bank for Reconstruction and Development, and the Overseas Private Investment Corporation.

He explained that West Bakr wind farm joins Lekela’s portfolio of wind projects across Senegal, Ghana, and South Africa. In total, about 1,243MW is now in operation or construction.

The ownership structure of Lekela is as follows; 60% for Actis company, and 40% for an alliance led by Mainstream Renewable Power company.

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Egypt produces 1,900MW solar energy over last  five years: Cairo Solar https://eklutdvotyzsri.dailynewssegypt.com/2019/12/24/egypt-produces-1900mw-solar-energy-over-last-five-years-cairo-solar/ Tue, 24 Dec 2019 14:25:04 +0000 https://wwww.dailynewssegypt.com/?p=717674 Several solar projects were implemented to run groundwater wells with a total capacity of 50-100MW, says Hatem Tawfik

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Egypt’s total electricity production from solar energy projects reached 1,900MW over the last five years, Managing Director of Cairo Solar Company, Hatem Tawfik, said on Monday.

The country’s solar energy production was equivalent to the power generated from the Aswan’s High Dam in that period, he added.

Tawfik explained that the total capacity of the solar stations that were implemented for the benefit of the household sector was about 2MW.

The household sector includes villas, compounds, and tourist resorts, he added, noting that the return on investment in the energy projects for these areas ranges between 20-25%.

Several solar projects were implemented to run groundwater wells with a total capacity of 50-100MW, explaining that the return on investment in this type of power plants ranges between 30-45%, he said.

Moreover, the medium-sized solar projects that were implemented to serve factories, commercial projects, and hotel produce about 30MW, with a return on investment ranging between 20-30% annually.

Noteworthy, Egypt has completed one of the largest solar parks in the world in Benban, Aswan, with a total capacity of 1,465MW, with a return on investment of 10-15%.

Solar energy projects in Egypt were implemented under different systems, such as BOO, IPP, and EPC.

Tawfik noted that the EPC system is the best option for customers since they could own the project for 25 years and receive the energy for free.

As for the IPP system, a customer will pay the full energy cost at a rate less than 10% of the government energy price, but he will not own the station.

Egypt has a great potential to be one of the largest renewable energy producers due to several factors; high solar irradiance, vast areas of desert, attractiveness of the Egyptian market, and others, which serves the state’s transformation plan into a regional centre for energy, Tawfik concluded.

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Egypt’s electricity surplus exceeds 1,300MW on Monday https://eklutdvotyzsri.dailynewssegypt.com/2019/12/24/egypts-electricity-surplus-exceeds-1300mw-on-monday/ Tue, 24 Dec 2019 14:21:20 +0000 https://wwww.dailynewssegypt.com/?p=717672 According to EgyptERA’s daily bulletin, the average CO2 equivalent emissions is 477.74 grams per kW/h.

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The Egyptian Electric Utility and Consumer Protection Regulatory Agency (EgyptERA) announced that the expected electricity consumption on Monday evening is 24,100MW, while the production is 25,400MW, meaning that the surplus exceeds 1,300MW.

According to EgyptERA’s daily bulletin, the average CO2 equivalent emissions is 477.74 grams per kW/h.

The government holds great hope in exploiting the surplus electricity production to construct desalination plants, attempting to bridge the water gap that the country may suffer in the future, and not waste the energy produced and benefit from it. It also hopes that the surplus may activate electrical interconnection projects with Saudi Arabia, Sudan, Cyprus, and Greece to export energy, as well as setting up units for charging electric cars, which are expected to spread in Egypt during the coming years.

Governmental sources revealed that they are holding discussions with three international consulting offices to exploit electricity in seawater desalination plants, in coordination with the ministries of electricity and housing, and opening the way for the private sector to invest in this field without burdening the state in what is known as a partnership with the private sector.

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High Dam electricity output reaches 1,750MW due to periodic maintenance https://eklutdvotyzsri.dailynewssegypt.com/2019/12/23/high-dam-electricity-output-reaches-1750mw-due-to-periodic-maintenance/ Mon, 23 Dec 2019 18:01:44 +0000 https://wwww.dailynewssegypt.com/?p=717257 Overhauling two 350MW units, programme to be completed in May 2020

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The total energy produced from the High Dam power station reached 1,750MW due to the periodic maintenance of production units to maintain their efficiency.

Sources at the Ministry of Electricity told Daily News Egypt that the total energy produced from the High Dam power station through 12 production units amount to 2,100MW, and maintenance work is being carried out for two production units with a capacity of 350MW.

The sources added that the maintenance programmes for the production units of the High Dam Power Station will end in May, when the maintenance of two production units is carried out, then they return to service, and two other units are brought out for maintenance in order not to affect the capabilities produced from the station by the exchange system.

Mohamed Amr, head of the Hydro Power Plant Executive Authority )HPPEA(, told Daily News Egypt that the maintenance work carried on the efficiency of the plant, but the total capacity of the High Dam power station is now required to resume about 2,100MW. The High Dam Power Station will return to full power and there is no problem with that.

He explained that maintenance work is carried out by Egyptian workers, and the total electricity produced from the High Dam power station in the past fiscal year reached 10bn kW/h.

He pointed out that the High Dam power station produces energy based on the instructions of national control whether or not the control needs full capabilities.

The High Dam power station is considered one of the largest hydroelectric generation plants in the world at the time of implementation and is one of the pillars of the Egyptian electrical network.

The station includes 12 production units, each with a capacity of 175MW and transmits the electric energy generated from its units to load centres on lines of 500 kV and 132 kV to the electric network.

The total capacity produced from hydroelectric stations reached about 2,832MW and was distributed from more than one station, and the High Dam power station produces 2,100MW, in addition to 280MW from Aswan station 1, 270MW from Aswan Station 2, 64MW from Naga Hammadi station, and 32MW from New Assiut station.

The Ministry of Electricity has started to implement its strategy for contracting hydroelectric power plants, and is negotiating with Sinahydro company to establish a water storage pumping station to produce electricity in the Ataka region. It is also studying the construction of two other plants with capacities of 5,000MW.

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EGAS to add 3.2bn scf/day to local gas production by mid-2022 https://eklutdvotyzsri.dailynewssegypt.com/2019/12/23/egas-to-add-3-2bn-scf-day-to-local-gas-production-by-mid-2022/ Mon, 23 Dec 2019 17:58:42 +0000 https://wwww.dailynewssegypt.com/?p=717248 15 gas field development projects targeted within next three years: Source

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The Egyptian Holding Company for Natural Gas (EGAS) aims to add about 3.2bn cubic feet of gas per day (scf/day) to local production by mid-2022, compensating for the rates of natural gas decline and increasing the total production.

A source in EGAS told Daily News Egypt that it is planned to implement development for about 15 natural gas projects in different concession areas throughout Egypt.

He explained that the projects planned for development are actually discovered and will contribute to compensating for the natural decline in Egypt’s gas production during the next three years, which maintains production rates at 7.5 bn scf/day at a maximum.

The source pointed out that a number of foreign companies are currently searching for new oil discoveries in several places, the Mediterranean, the Nile Delta, the eastern and western desert and the Gulf of Suez, to increase gas production rates and expand exports through the liquefaction factories and the Jordan Line. In addition, the South Valley Egyptian Petroleum Holding Company (GANOPE) is about to award the bid for research and exploration for oil and gas in concession areas in the Red Sea.

It is worth noting that Egypt’s gas production decreased to about 4.5 bn scf/day during 2015/2016, as a result of increasing rates of natural decline in well production and the failure to achieve new discoveries on production during the past years.

The source said that the increase in natural gas production locally contributed to achieving self-sufficiency and stopping importing LNG shipments. He added that Egypt has returned to the market to export gas shipments by force through the Idku plant for liquefaction in quantities exceeding 1 bn scf/day, and through the Jordan line, which gets about 350m scf/day.

He pointed to the increase in gas production rates to about 7.5 bn scf/day, and crude oil and condensates to about 700,000 barrels per day, during the current fiscal year to contribute to securing the needs of the local market of fuel products.

He explained that the rate of gas and fuel consumption in the local market is growing annually, according to the industrial development plan.

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Eni finishes gas production test of Zohr field’s last well https://eklutdvotyzsri.dailynewssegypt.com/2019/12/21/eni-finishes-gas-production-test-of-zohr-fields-last-well/ Sat, 21 Dec 2019 20:55:27 +0000 https://wwww.dailynewssegypt.com/?p=717060 The project’s total production capacity will increase to 3.2bn scf/day next April, says source

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The Italian company Eni has completed the production test of the 14th and last well in the Zohr gas field in the deep waters of the Mediterranean, bringing the total production capacity of the field to about 3.2bn cubic feet per day (scf/day).

A source in the petroleum sector told Daily News Egypt that the current production capacity of the field is about 3bn scf/day, and will increase to 3.2bn after completing the implementation of the gas pipeline linking the field to the national grid in April.

He said that production has been reduced from the rest of the wells until the 14th well is tested, which has a production rate of 150-250m scf/day because the local market currently does not need any additional quantities of natural gas.

He added that the Ministry of Petroleum fully meets the needs of electricity generation, factories, cars, and household of natural gas, and directs shipments of LNG for export, and it does not need additional quantities during the current period in light of the decline in consumption of power stations by about 1bn scf/day during the winter.

Petro Shorouk, which is responsible for managing the development of the Zohr field, said that in the fiscal year 2018/19, seven wells were drilled and completed, bringing the total number of wells that were linked and put on production to 12.

In addition, the company has completed the construction of the land station to process the production eight months before the scheduled date by operating production units 5, 6 and 7 in February, March and April 2019, respectively, bringing the total capacity of the treatment station to reach 2.3bn scf/day.

The total investments of the Zohr development project amounted to about $10.6bn to date, including $3bn during the year.

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Air France’s newest Airbus A350 to operate on Paris-Cairo route https://eklutdvotyzsri.dailynewssegypt.com/2019/12/19/air-frances-newest-airbus-a350-to-operate-on-paris-cairo-route/ Thu, 19 Dec 2019 10:00:05 +0000 https://wwww.dailynewssegypt.com/?p=716962 This environmentally-friendly aircraft is equipped with 324 seats, 34 in the Business cabin, 24 seats in Premium Economy, and 266 in Economy.

This environmentally-friendly aircraft is equipped with 324 seats, 34 in the Business cabin, 24 seats in Premium Economy, and 266 in Economy.

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Air France announced on Wednesday allocating its newest aircraft, Airbus A350, to operate on Paris-Cairo route 6 days a week, the second world destination after Toronto.

This environmentally-friendly aircraft is equipped with 324 seats, 34 in the Business cabin, 24 seats in Premium Economy, and 266 in Economy.

This aircraft consumes 25% less fuel with less emissions due to the incorporation of materials which are 67% lighter. In addition, its noise footprint decreased by 40%. Air France has decided to partially power the Airbus A350 ferry flight between Toulouse and Paris-Charles de Gaulle with biofuel.

This initiative underlines the importance of biofuel for the aviation sector and Air France’s commitment to contributing to its development.

“The main lever for reducing our environmental footprint remains our fleet modernisation today, symbolised by the A350 to Cairo. Our ambition is to exceed our customer’s expectation, while reducing our environmental footprint. We, therefor, invest in the renewal of our fleet, introducing the latest-generation aircraft with the A350,” said Frédéric Burban, country manager for Egypt, Air France-KLM.

“At the same time, we have upgraded our cabin features to let our customers experience the most comfortable journey. I am very pleased we can offer this product now on our Paris–Cairo route,” he added.

Burban revealed that the A350 was launched first in Toronto on 27 October, and now Cairo will be its second destination and is scheduled to be launched in four other destinations including, Abidjan, Bamako, Seoul, and Bangkok.

Commenting on the launching, Stéphane Romatet, the French ambassador to Egypt, stated that the French government, Egypt government, and Air France look to bring more French tourists to Egypt and to increase the inflows of tourists between the two countries.

“French tourism is back in Egypt, and will show a new record in the number of French tourists in Egypt,” the ambassador added.

He stated that launching the A350 will help serve increasing French visitors to Egypt.

“My message for Air France is that there is room to increase the number of direct flights between Cairo and France,” he stated.

He stated that choosing Egypt for A350’s launch is considered a strong message of confidence.

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Egypt exports EGP 1bn worth electricity to Jordan, Libya in FY2018/19 https://eklutdvotyzsri.dailynewssegypt.com/2019/12/18/egypt-exports-egp-1bn-worth-electricity-to-jordan-libya-in-fy2018-19/ Wed, 18 Dec 2019 19:16:56 +0000 https://wwww.dailynewssegypt.com/?p=716912 EETC is negotiating new 2,570MW renewable energy projects, says Mashaly

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Egypt exported EGP 1bn worth electricity to Jordan and Libya in the fiscal year (FY) 2018/19, with the largest share paid by Jordan, a source at Egypt’s Ministry of Electricity told Daily News Egypt on Wednesday. The total capacity of power interconnection with Libya and Jordan reached about 800MW.

The source said Egypt’s electricity exports are set to further increase after the operation of the power interconnection line with Sudan, increasing power exports to Jordan and Saudi Arabia.

The Ministry of Electricity aims to increase the electrical interconnection with neighbouring countries to about 2,000MW next year, especially with achieving surplus after fulfilling the needs of the local market.

In a parallel context, Sabah Mashaly, chairperson of the Egyptian Electricity Transmission Company (EETC), said that the national grid is being strengthened to turn Egypt into a regional energy hub. The plan also includes boosting existing regional interconnection projects with Jordan and Libya, and accelerate the implementation of other projects with Saudi Arabia, Cyprus, and Sudan.

She revealed the EETC is negotiating with several sides over new renewable energy projects with a total capacity of 2,570MW, including 1,820MW from wind and 750MW from solar energy.

Mashaly added that several power purchase agreements have been signed with renewable energy plants with a total capacity of 2,165MW. The agreements last for 20 years for wind farms and 25 years for solar energy projects.

She stated that the agreements include the purchase of 1,465MW of solar energy from the feed-in tariff projects in Benban Solar Park, 500MW from wind farms operating under B.O.O system, and 200MW of solar energy from other projects.

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Egypt raises its gas exports to Jordan to 350m scf/day https://eklutdvotyzsri.dailynewssegypt.com/2019/12/18/egypt-raises-its-gas-exports-to-jordan-to-350m-scf-day/ Wed, 18 Dec 2019 08:30:50 +0000 https://wwww.dailynewssegypt.com/?p=716810 We achieve higher economic return from exporting natural gas than liquefied gas: EGAS

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The Egyptian Natural Gas Holding Company (EGAS) has increased exports of natural gas to Jordan’s power stations to about 350m cubic feet per day (scf/day) in December, compared to 300m scf/day in November, according to the quantities needed by Amman.

A source in the company told Daily News Egypt that the supply of gas to the Jordanian side was increased by about 50m scf/day this month, due to the growing demand in Amman.

He explained that the Egypt-Jordan gas pipeline can pump over 500m scf/day, and the quantities allocated for export are subject to increase in accordance with the requirements of Amman.

The source pointed out that exporting gas to Jordan achieves a higher economic return than LNG shipments at the present, due to the decrease in the value of LNG in global markets today.

The Egyptian government signed a 15-year agreement with Jordan in 2004 to provide 250m scf/day valued at $2.5 per one million British Thermal Units (BTU), but the government raised gas prices during April 2012, to reach $5 per one million BTU.

The source added that the contract signed between Egypt and Jordan is dynamic and subject to change periodically based on the required quantities of gas and the available reserves after fulfilling the needs of the local market.

Egypt has resumed exporting natural gas to Jordan since September 2018, with quantities ranging from 50m to 100m scf/day.

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French Legrand seeks to acquire Egyptian company for electric metres manufacture https://eklutdvotyzsri.dailynewssegypt.com/2019/12/18/french-legrand-seeks-to-acquire-egyptian-company-for-electric-metres-manufacture/ Wed, 18 Dec 2019 07:30:40 +0000 https://wwww.dailynewssegypt.com/?p=716787 We started discussions with two companies, and sales grew by 30% this year: Habila

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French company Legrand, which works in the field of electric and digital infrastructure, aims to acquire the entirety of an Egyptian company that manufactures electric metres, Nicolas Hobeilah, the managing director of Legrand Egypt, told Daily News Egypt. Consultations are underway with two Egyptian companies – denying to disclose – that manufacture electricity metres and have agreements with the Ministry of Electricity to supply prepaid ones.

He said Legrand Egypt wants to compete with companies in the field of metres production, but the conditions and specifications set by Egypt prevented this.

He added that Legrand Egypt may also acquire an Egyptian company working in the field of digital infrastructure during the coming period.

He sai , in a press conference held by the company, that Legrand acquired 3 companies in the current year, two in America and one in China, and always seeks to acquire between 4 and 8 companies annually. Last year, Legrand acquired a number of companies in France, China, Dubai, and Germany.

He added that the company’s global sales last year recorded €6bn, and it allocated 4.8% annually to research and development, with total profits amounting to €770m.

The company has 22 factories in France, and its first factory in Africa is in Sadat City on an area of 17,000 square metres and provides 1200 jobs.

It achieved sales growth in Egypt during the current year reaching 30%, and aimed to increase this percentage in the coming one, said Habila.

The company is looking to increase its presence and expansion in Egypt, he said, adding,  35% of the company’s production in Sadat is exported to 26 countries.

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Schneider Electric offers Egypt water loss management solutions up to 30%: Caspar Herzberg https://eklutdvotyzsri.dailynewssegypt.com/2019/12/17/schneider-electric-offers-egypt-water-loss-management-solutions-up-to-30-caspar-herzberg/ Tue, 17 Dec 2019 17:37:13 +0000 https://wwww.dailynewssegypt.com/?p=716747 Company aims to increase its exports by about 40% in 2020

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Schneider Electric has offered the Egyptian government to provide artificial intelligence-based solutions to reduce water loss in the country by 30%.

Caspar Herzberg, president of Schneider Electric in the Middle East and North Africa, told Daily News Egypt that the company seeks to introduce its water loss management solutions in Egypt’s national projects, noting that this technology was recently applied to the water desalination plant in Galala Mountain in Suez governorate, and several real estate and tourism developers have agreed to apply it at their projects.

Schneider Electric provides a complete approach to water loss management entailing both technology and expertise to support water utilities in the reduction of water loss.

Herzberg said that the company seeks to provide technological solutions, and has a long-term strategy to work in Egypt, and expects to increase its exports by 40% in the next year.

He explained that Schneider Electric will not sell desalinated water, but rather provide technological solutions for desalination plants in accordance with the state’s 2030 Vision. 

Schneider Electric relies on AI and digitisation in its projects, as it implemented the infrastructure of the Carrefour branches in Egypt which allows water and electricity consumption control, follow-up, and permanent monitoring, Herzberg added.

He stressed that Schneider Electric is discussing with the Egyptian government the implementation of projects in various fields, including energy and water, but these matters cannot be disclosed, especially as they are in the stage of discussion and consultation.

Herzberg explained that about 600 million people in Africa live without energy, which is very difficult.

He stressed that the peace conference held in Aswan discussed the challenges and strengthening the delivery of services, which emphasises the importance of cooperation with African governments, which contributes to providing solutions to solve this crisis. Schneider seeks to increase the percentage of women’s participation in their factories significantly to 50% compared to about 30% currently.

He mentioned that electricity and energy are priorities in the lives of all citizens, and that the lack of infrastructure in Africa contributed to the migration of citizens from rural areas to cities and urban areas, which is what Schneider is trying to solve by delivering energy to remote cities.

He added that the company is producing locally in Egypt, Kenya, Ivory Coast, and many other African countries.

Herzberg said that decentralisation has great significance and can deliver energy to remote places in some countries of the continent without linking it to the national network and each region separately. He believes that governments should support them greatly.

He stressed Egypt’s capabilities to implement decentralisation in remote villages that are not linked to the electric grid and confirmed that negotiations are underway with the South Sinai Governorate to launch energy projects not related to the network, and a project is scheduled to be implemented in Farafra during the coming period.

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Danfoss’ sales in Egypt exceed $15m, eyeing 30% increase in 2020: regional head https://eklutdvotyzsri.dailynewssegypt.com/2019/12/17/danfoss-sales-in-egypt-exceed-15m-eyeing-30-increase-in-2020-regional-head/ Tue, 17 Dec 2019 14:47:10 +0000 https://wwww.dailynewssegypt.com/?p=716767 Company plans to make Cairo a regional hub for supplying refrigeration, heating solutions

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Danfoss, a company operating in the refrigeration and heating equipment industry, has achieved sales of more than $15m in 2019, targeting 30% increase next year.

Ziad Al-Bwaliz, the regional head of Danfoss Company in Turkey, Middle East, and Africa, said Egypt is a promising market to pump more foreign investments in the coming period, especially with the legislation and incentives set by the government to attract investors.

He explained that Danfoss is optimistic about investing in Egypt and plans to make Cairo a regional centre for supplying the company’s products to Africa, as it cooperates with Egyptian contracting companies to supply its products.

He stated that there are projects in Egypt that push the investment compass towards Cairo, the most important of which are the New Administrative Capital projects, the development of the Suez Canal, farming projects, and the 1.5m feddan project.

According to Al-Bwaliz, the cooperation is expected to provide international trainers to offer full courses and workshops for technical education students specialising in the fields of heating, cooling, and air conditioning in Egypt in order to link the labour market to education.

He stressed that Egypt is moving in the right path towards a stable, secure economy, away from the fluctuations that the world is witnessing between USA and China or in Arab countries such as Syria, Iraq, Yemen, and Libya.

The volume of Danfoss’s business globally amounted to €6.1bn, and during the past five years, the company has achieved high growth rates ranging from 6% to 7% annually, Al-Bwaliz illustrated.

He added, “I expect next year to see a decline in growth rates or stability due to fluctuations and global political events.”

Al-Bawaliz added that investments in energy needs partnerships, cooperation, and discussions. Energy productivity harvesting will be utilised if the hidden energy production reservoir is used in Egypt, which will contribute to prolonging the life of the oil and gas fields.

He explained that more could be achieved through new energy supplies from wind and solar energy, such as reducing peak loads and system costs, as well as providing more gas and oil for export.

The Danish Embassy in Cairo and Danfoss Company held a conference under the slogan “Transformation Starts Here” in the presence of a group of industry experts and energy professionals from the Danfoss regional team, and representatives of the Danish embassy in Cairo, specialists from the public and private sectors. In addition to representatives from the Administrative Capital of Urban Development, the Egyptian Green Building Council, as well as the Khalifa Consulting Group.

The conference witnessed a series of discussions on the future of sustainable cities, brainstorming, and exchanging Egyptian-Danish experiences.

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How does Egypt plan to produce 42% of its electricity from renewable sources by 2035? https://eklutdvotyzsri.dailynewssegypt.com/2019/12/17/how-does-egypt-plan-to-produce-42-of-its-electricity-from-renewable-sources-by-2035/ Tue, 17 Dec 2019 14:46:37 +0000 https://wwww.dailynewssegypt.com/?p=716768 Seven measures to achieve the goal, most notably reforming the market and boosting local manufacturing of energy production equipment

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Economic development in Egypt depends on the energy sector, which represents 13.1% of gross domestic product (GDP). In order to meet the growing demand for energy, the Egyptian government has developed an integrated and sustainable strategy to diversify energy sources to ensure the stability of energy supply.

The strategy aims to strengthening the role of renewable energy and increasing energy efficiency in addition to rehabilitation and maintenance programmes in the electricity sector.

Egypt confirmed its commitment to spreading renewable energy technologies on a large scale, and the total installed capacity of renewable energy sources is 5,500MW, including 2,800MW of hydropower and about 2,700MW of wind and solar energy, of which 1,465MW from Benban solar park and 250MW from a wind farm recently opened.

The 2035 Integrated Sustainable Energy Strategy, which builds on previous strategies, emphasises the importance of renewable energy. Egypt intends to increase the supply of electricity generated from renewable sources to 20% by 2022 and 42% by 2035.

Hafez Salmawi, former managing director of the Electricity Utility and Consumer Protection Regulatory Agency, said Egypt has benefited from renewable energy, and has begun the transformation phase, developing the method and management of electricity networks, and attracting many Arab and international companies to invest in this promising sector.

According to the 2035 strategy, Egypt will produce 61,000MW of renewable energy, of which 31,000MW solar power, 12,000MW concentrated solar power, and 18,000MW wind power.

Salmawi added that the entry of Arab and foreign investors in the local market has led to a decrease in the cost of producing renewable energy in Egypt, and will increase investment opportunities during the coming period, but the rules for the IPP system that includes the construction of stations and the sale of electricity directly to consumers must be developed.

He stated that the contractual systems established by the government will attract many companies, and Egypt is still the best destination for investment in renewable energy, and upon the full liberalisation of the electricity sector the demand of factories will increase and convince companies to go for renewable energy, due to the rise in traditional electricity prices.

Mohamed Salah El-Sobki, head of the New and Renewable Energy Authority, said that the plan that Egypt started will not stop, and the market has become attractive for investment compared to other countries, due to the availability of a suitable legislative environment.

He pointed out that Egypt can produce 42% of its electricity from renewable sources by 2035, but the pace of work must be accelerated, opening the way for the private sector to expand in energy projects, in accordance with the new Electricity Law.

El-Sobki stressed that the private sector is always looking for additional incentives to pump more capital in the market, which must be taken care of, especially as the government’s vision is integrated and relies heavily on the private sector to achieve its strategy.

The International Renewable Energy Agency (IRENA) recommended, in studying the prospects for renewable energy in Egypt, that seven major measures must be considered to accelerate Egypt’s absorption of renewable energy.

IRENA stressed the need to update the strategies of the electric power sector to reflect the growing benefits of renewable energy in terms of lower costs and others, as well as simplify regulations and clarify institutional roles and responsibilities for wind and solar energy development.

IRENA stressed that there is a need of future updates to the energy strategy to reflect the potential of biomass, reform the existing market framework to improve the economic feasibility of projects, and conduct comprehensive campaigns to assess the capabilities of solar and wind energy sources.

In addition, IRENA advised expanding in renewable energy complexes to support risk mitigation and ensure financial feasibility of projects, developing a masterplan to enhance local manufacturing, and creating a thriving local industry.

Egypt has already followed three of these recommendations, including expanding in establishing complexes, such as Benban Solar Park, updating the energy strategy, and comprehensively assessing the capabilities of solar and wind energy.

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Gama Construction announces grid connection of 6 solar plants in Benban https://eklutdvotyzsri.dailynewssegypt.com/2019/12/16/gama-construction-announces-grid-connection-of-6-solar-plants-in-benban/ Mon, 16 Dec 2019 06:00:03 +0000 https://wwww.dailynewssegypt.com/?p=716625 Gama Construction’s scope of work in Benban Solar Park consisted of six solar power plants, which is considered the largest number of plants to be performed by one local contractor. Furthermore, the manpower in Gama’s projects exceeded 4,700 workers who completed a total of 7.5m hours.

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Gama Construction announced the completion of construction, installation, and connection of six solar power plants to the national grid in Benban solar park in Aswan, one of the largest solar complexes in the world.

“We have completed the construction of 390MW solar power plants and successfully contributed to connecting them to the national grid within the set timeframe and international standards. This achievement is a demonstration of Egyptian companies’ potential and capability in playing an active role in executing mega projects, especially in the field of renewable energy,” Salah Ghobrial, CEO of Gama Construction, commented. 

Ghobrial added that Gama Construction is expanding its capacity and competency in various construction sectors, especially in infrastructure, according to the global standards and in line with Egypt’s 2030 vision.

Moreover, Ghobrial has further elaborated that the company’s efforts are currently directed into expanding the scope of work to include regional markets.

Gama Construction’s scope of work in Benban Solar Park consisted of six solar power plants, which is considered the largest number of plants to be performed by one local contractor. Furthermore, the manpower in Gama’s projects exceeded 4,700 workers who completed a total of 7.5m hours.

The unwavering commitment to meeting the requirements of the International Finance Corporation (World Bank Group) and the European Bank for Reconstruction and Development standards allowed Gama to pass more than five monitoring audits successfully. 

Gama Construction is an Egyptian company founded in 1991, an active member of Triangle Group, providing a variety of turnkey services in three main sectors: building construction, industrial construction, and infrastructure construction. Gama Construction has witnessed massive expansion in its scope of work through its commitment in providing top-tier services that exceed clients’ expectations, serving more than 70 renowned clients, both locally and internationally.

 

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Egypt seeks to increase gas production to 8bn scf/day in FY21 https://eklutdvotyzsri.dailynewssegypt.com/2019/12/15/egypt-seeks-to-increase-gas-production-to-8bn-scf-day-in-fy21/ Sun, 15 Dec 2019 20:31:48 +0000 https://wwww.dailynewssegypt.com/?p=716601 Petroleum Ministry targets gas surplus of about 2bn scf/day, expanding exports, says source

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The Ministry of Petroleum seeks to increase the local gas production to about 8bn cubic feet per day (scf/day) by the fiscal year (FY) 2020/21, compared to 7bn scf/day currently.

A source in the petroleum sector told Daily News Egypt that Egypt has gas surplus of 1.3bn scf/day, which is directed for export through the Idku liquefaction plant and the Egypt-Jordan gas pipeline. He added that the development plans of the new discoveries will increase gas production to 7.5bn scf/day in the second half of FY 2019/20, and the surplus will rise to about 1.5bn scf/day.

The source pointed out that gas consumption in Egypt rises by about 5% annually, including power stations, factories, cars, and households.

He explained that natural gas projects currently under development would increase the production to about 8bn scf/day by the next fiscal year, and would stabilise production rates until 2024, while compensating for the natural decline of fields, with a surplus of up to 2bn scf/day.

The source added that the surplus from domestic consumption will be exported through the Idku and Damietta liquefaction plants and the Egypt-Jordan gas pipeline, in addition to starting to transferring gas from Israel to Europe.

He pointed out that the Ministry of Petroleum is seeking to expand the establishment of value-added industries, including petrochemicals, which are based on derivatives of natural gas produced locally, which would achieve an additional return for the country from its export to global markets.

The source said that these plans are based on current petroleum discoveries, and they are subject to change if any new gas discoveries were made by the companies operating in the areas of research and exploration in different places in Egypt.

He pointed out that the average cost of one million British thermal units of natural gas produced locally in accordance with the development agreements is $4 without calculating the state’s share of gas produced locally.

The government will review gas selling prices to the industrial sector periodically, in line with global pricing changes, in addition to granting incentives to factories to encourage investors to expand their production capacities.

The source said the current government plan seeks to create new industries based on natural gas to benefit from the large productive capacities that Egypt has achieved, which contributes to increasing national income and providing many job opportunities.

The gas consumption of the electricity sector represents 61% of the total consumption, while the rest of sectors, such as industry, household, and cars, represent 39%.

A report issued by the Egyptian Natural Gas Holding Company (EGAS) revealed that 58% of gas production in Egypt is produced from deep-water gas fields in the Mediterranean Sea, equivalent to about 4bn scf/day during the past fiscal year.

The report indicated that the Delta concession areas produce 20% of the local gas, equivalent to 1.38bn scf/day. The production capacity of the gas fields in the concession areas of the Western Desert was 1.38bn scf/day, equivalent to 20% of the total domestic production.

The report added that 2% of Egyptian gas production is produced from the fields of the Gulf of Suez, Sinai, and the Eastern Desert.

The source pointed out that the new projects that have been linked to production such as Zohr, Noros, North Alexandria, Baltim, contributed to raising Egypt’s gas production to unprecedented rates.

The source pointed out that the rate of natural gas consumption in the local market is growing annually, according to the urban and industrial development plan, and with the increase in the number of cars that run on natural gas.

The Ministry of Petroleum’s plan aims to complete the implementation of the Zohr, North Alexandria and Burullus fields to contribute to increasing domestic production and covering consumption rates, while operating liquefaction plants through gas coming from Cyprus and Israel.

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UAE and Chinese companies seek to acquire solar energy projects in Benban https://eklutdvotyzsri.dailynewssegypt.com/2019/12/14/uae-and-chinese-companies-seek-to-acquire-solar-energy-projects-in-benban/ Sat, 14 Dec 2019 17:46:21 +0000 https://wwww.dailynewssegypt.com/?p=716493 Commercial operation enhances investor plans, sale of Enerray approaches

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Arab and foreign companies started intense negotiations to acquire solar energy projects in Benban after the commercial operation and selling energy produced for the Egyptian Electricity Transmission Company (EETC), according to the second phase of the feed-in tariff.

Informed sources told Daily News Egypt that the completion of a deal to acquire a project by the Italian company Enerray with a capacity of 50 MW within the second phase of the feed-in tariff. The source also revealed that two Emirati companies are seeking to acquire three projects with a capacity of 150 MW, and an additional Chinese company is looking for a project with a capacity of 50 MW.

The sources added that the buyer and seller must obtain the approval of the Ministry of Electricity, the New and Renewable Energy Authority, and the EETC before selling the company.

The sources pointed out that the investors want to buy stations because of the high price of selling energy to the government (averaging at about 8.4 cents), especially since the prices decreased significantly reaching 2.48 cents.

According to the controls and procedures set by the Electricity Utility and Consumer Protection Regulatory Agency for the rules of establishing renewable energy companies, companies cannot be formally sold before starting operations, and a qualified alliance must own 51% of the company’s shares. In addition, the alliance leader’s contribution must not be less than 25% of the total 51%, so that the coalition leader cannot exit the project or reduce its percentage two years before the commercial operation of the project.

The sources indicated that the rules and regulations governing the establishment of renewable energy companies do not prevent the participation of an investor with shares in any of the companies, and then they are able to acquire all shares after two years of operation.

According to the source, the company developing the project has the right to sell the project two years after completing its operation and linking it to the network. There are no conditions or controls on the new buyer after the project is run.

The solar energy complex in the Benban region of Aswan includes 32 power production stations within the feed-in tariff programme, with a total capacity of 1465 MW and investments of $2bn.

The government launched the renewable energy feed-in tariff in 2014, and only two companies were able to implement projects in the first phase with a capacity of 100 MW and sell the produced capacities by about 14.3 cents. The second phase of the programme started in 2016, 32 projects have been implemented, and the EETC buys energy at about 8.4 cents.

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Gas production of Shell’s Burullus and Rashid fields up to 440m scf/day https://eklutdvotyzsri.dailynewssegypt.com/2019/12/14/gas-production-of-shells-burullus-and-rashid-fields-up-to-440m-scf-day/ Sat, 14 Dec 2019 17:41:33 +0000 https://wwww.dailynewssegypt.com/?p=716499 Company has finished linking the third well of Phase 9B on production, says source

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The production of Dutch Shell’s Burullus and Rashid gas fields in the deep waters of the Mediterranean Sea increased to 440m cubic feet per day (scf/day), compared to 300m scf/day in the first quarter of this fiscal year 2019/20.

A source in the Egyptian Natural Gas Holding Company (EGAS) said that linking 80m scf/day from the third well of Phase 9B in Burullus field has been completed to compensate for the natural decline of the field.

He natural decline in the productivity of the Burullus and Rashid fields is about 10m scf/month, as a result of the aging of wells in the previous stages of the project.

The source added that the maximum production rate for one well in Phase 9B is 100m scf/day, which contributes to increasing production and compensating for the natural decline.

He said the project includes eight production wells and two exploration wells, and the second phase of 9B’s production will be linked during the next fiscal year.

He pointed out that the Egyptian General Petroleum Corporation (EGPC) purchase the gas produced from Shell’s share in 9B in Burullus fields for about $1.3 per one million British Thermal Units.

Shell allocated about $500m in investments during FY 2019/20, to implement several projects including 9B and a pipeline to connect West Delta gas fields.

The proven reserves of Burullus fields in all its stages and fields are estimated at 5trn scf and about 55m barrels of condensate.

The Ministry of Petroleum is targeting to increase the productivity of existing gas fields and accelerate the work in uncompleted projects to put them on the production map.

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Egypt studies providing EV charging stations at electricity distribution companies https://eklutdvotyzsri.dailynewssegypt.com/2019/12/11/egypt-studies-providing-ev-charging-stations-at-electricity-distribution-companies/ Wed, 11 Dec 2019 19:05:41 +0000 https://wwww.dailynewssegypt.com/?p=716359 Shaker noted that Egypt has huge daily reserves of electricity up to 20,000MW that can be used in many fields.

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Minister of Electricity and Renewable Energy, Mohamed Shaker, said they study a plan to provide electric vehicle (EV) charging stations at state-run electricity distribution companies nationwide.

Shaker told Daily News Egypt that the ministry aims to set a competitive tariff for EV charging to encourage customers to buy this type of environmentally friendly cars.

The minister noted that charging a single EV needs no less than three hours, so the locations of the charging stations should be determined carefully, suggesting that commercial malls and places of gathering can be suitable for the EV charging stations so that users can spend the charging time in accomplishing other things, such as shopping.

Shaker noted that Egypt has huge daily reserves of electricity up to 20,000MW that can be used in many fields.

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Signify’s global investments €7.5bn, sales in Egypt reach €26m: Devan Pillay https://eklutdvotyzsri.dailynewssegypt.com/2019/12/11/signifys-global-investments-e7-5bn-sales-in-egypt-reach-e26m-devan-pillay/ Wed, 11 Dec 2019 06:00:30 +0000 https://wwww.dailynewssegypt.com/?p=716232 Egypt and East Africa account for 40% of Signify’s trade in the continent

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Signify, formerly known as Philips, specialised in manufacturing lighting products announced its intention to implement €150m worth expansions and project development globally next year.

Daily News Egypt interviewed Devan Pillay, president and CEO of Signify Africa, and Inna King, head of Human Resources for the Growth Markets (Africa, Middle East, India, South East Asia, Pacific, Korea, and Japan) at Signify.

The company leaders talked about Signify’s strategy for next year, and its new solutions and products.

How much are the company’s investments and sales?

Pillay: The company always seeks to pump new investments for development. Our investments amounted to €7.5bn and the company developed a strategy to keep pace with the technological revolution through implementing expansions, launching new products, providing its services to business and consumer sectors, and employing the Internet of Things (IoT) to go beyond lighting of houses and turn them into intelligent buildings. The company’s total sales reached about €7bn.

Does the company intend to launch new products next year?

Pillay: We always offer the latest products, systems, and means that help countries switch into intelligence and become more suitable for life, in addition to implementing €150m worth expansions and launch new products at the latest technologies globally next year

The company launched Interact IoT Platform, a secure, scalable IoT platform that collects insights from your connected LED lighting, embedded sensors, and IoT devices over an IoT-ready connected lighting system.

It is a reflection of the company’s strategy to provide data-backed services, and enhance the value of lighting products and systems, making cities smarter, more efficient, and easier to manage at the lowest cost. The platform focuses on different facilities in smart cities, whether administrative, residential, or sportive, and street lighting.

Signify also launched Trulifi. It’s a range of LiFi systems, providing two-way wireless communication that’s reliable, secure, and fast. Our Trulifi systems modulate light waves to transmit data. A USB access key plugged into a laptop or tablet receives data and sends data back to a transceiver. By leveraging lighting infrastructure, Trulifi customers get the best of both worlds: great quality Philips light and a reliable, secure, high-speed wireless connection.

Trulifi is a fixed and integrated system with internet speed of up to 250 Mbps, an ideal solution for connecting devices, say, in industrial facilities, and suitable for use in areas sensitive to radiofrequency (such as hospitals, clinics, power plants, etc.) or areas with poor or no wireless connectivity.

What is your assessment of the investment climate in Egypt?

Pillay: The Egyptian market is very promising and has many opportunities that can encourage investment. Legislative and political stability and security greatly stimulate long-term investments and the participation of the private sector with government agencies in the implementation of national projects, such as the New Administrative Capital (NAC).

Egypt and East Africa account for 40% of Signify’s trade in the continent. The company has increased the volume of its business and investments in the Egyptian market by about 25% during the fiscal year 2019/20 to implement targeted projects in the coming years.

How much are the company’s sales in Egypt, and what are your most prominent projects in the country?

Pillay: The company’s sales in Egypt amounted to €26m and are intended to increase during the next year, according to the strategy that Signify has prepared regarding its sales in Africa and the Egyptian market.

Signify Egypt recently provided its lighting solutions to several projects in the NAC, and participated in projects in the New Alamein city, including providing the new headquarters of the cabinet in the city as well as five major football stadiums nationwide with the latest lighting technologies.

Do you intend to launch new projects in Egypt next year?

Pillay: Of course, we are in talks to implement new projects which will be announced after reaching agreements. We also inked cooperation agreements with two Egyptian companies on several projects, including El Sewedy Electric.

king: Signify has 28,000 employees in 70 countries, and the company has a diversified structure that includes R&D, operation, sales, and marketing departments. About 30-40% of the workforce in Signify are university graduates, as the company provides training programmes to university students.

We focus on social responsibility programmes that benefit the communities where the company operates. For example, in Indonesia, Signify helps individuals develop themselves, and provides them with technical training, and helps them understand how lighting technologies work.

Also, several projects related to lighting using solar energy were implemented in Africa, since many societies in Africa are not connected to electricity networks. It is not only about providing solar-powered lights, but also educating citizens about how they work and how to make them sustainable.

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AOI-Madkour consortium wins solar stations tender for NAC’s military complex https://eklutdvotyzsri.dailynewssegypt.com/2019/12/10/aoi-madkour-consortium-wins-solar-stations-tender-for-nacs-military-complex/ Tue, 10 Dec 2019 07:30:21 +0000 https://wwww.dailynewssegypt.com/?p=716148 Project to be running before 30 June 2020

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The Arab Organization for Industrialization (AOI) and Madkour Group consortium won a tender to establish 20MW solar power stations at the military complex in the New Administrative Capital (NAC), according to sources close to the project.

The sources told Daily News Egypt that the winning consortium was competing with El Sewedy Electric, a company affiliated to the Ministry of Military Production, and Arab International Optronics.

They revealed that an official letter of the contract awarding is to be sent within days.

According to the agreement, the consortium is set to complete the establishment of the stations within six months from the date of contract awarding, and it is planned to be operational before 30 June 2020.

The sources indicated that the project include 10 solar stations will be established in 10 buildings, making an octagon shape in the military complex, with a total capacity of 16MW and 1.6MW per building.

While another solar energy plant will be established in four public-service buildings, with a total capacity of up to 1MW, at 250kW per station. The rest of megawatts will be produced from smaller stations within the complex.

These projects are not part of the Administrative Capital for Urban Development’s (ACUD) plan to establish solar stations in government buildings with a capacity of 15MW, in which 13 other companies have been selected for their implementation.

The ACUD announced the installation of solar cells on the roofs of the NAC’s buildings as part of its plan to rely on clean and environmentally-friendly energy sources.

The NAC is built on an area of ​​170,000 feddan and is expected to accommodate a population of between 18-40 million by 2050. It is located East of Cairo on the borders of Badr City, in the region between the Cairo-Suez and Cairo-Ain Sokhna roads.

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UAE’s Al Nowais to establish 700MW renewable energy plants in Egypt https://eklutdvotyzsri.dailynewssegypt.com/2019/12/10/uaes-al-nowais-to-establish-700mw-renewable-energy-plants-in-egypt/ Mon, 09 Dec 2019 22:18:17 +0000 https://wwww.dailynewssegypt.com/?p=716119 The Emirati company would build a 200MW solar plant in Kom Ombo region of Aswan with $200m investments, and the EETC would buy the plant’s production at about 2.48 piasters per kWh

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The Egyptian Electricity Transmission Company (EETC) and Al Nowais Investments will sign an agreement on Tuesday to build $750m renewable energy plants in Egypt, with a total capacity of 700MW, a senior official in the Electricity Ministry told Daily News Egypt.

The Emirati company would build a 200MW solar plant in Kom Ombo region of Aswan with $200m investments, and the EETC would buy the plant’s production at about 2.48 piasters per kWh.

Al Nowais would also establish a 500MW wind farm in the Jabal Al-Zayt area with $550m investments, and the EETC would purchase the electricity produced from the project at about 3.1 piasters per kWh.

Earlier in October, the Electricity Ministry cancelled Al Nowais’ coal-fired power station project in Oyoun Mousa, however, the Emirati company notified the government of its desire to rather implement renewable energy projects.

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HSBC, Citibank compete to assess Siemens power plants https://eklutdvotyzsri.dailynewssegypt.com/2019/12/08/hsbc-citibank-compete-to-assess-siemens-power-plants/ Sun, 08 Dec 2019 06:30:02 +0000 https://wwww.dailynewssegypt.com/?p=715885 Egypt's sovereign wealth fund to name the winning financial advisor within days

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High-level government sources told Daily News Egypt that Egypt’s sovereign wealth fund is choosing between HSBC and Citibank to evaluate Siemens’s power stations in Beni Suef, Burullus and the New Administrative Capital (NAC). The consultant who will undertake the evaluation will be announced within a few days.

 

The sources added that the financial adviser to be selected will undertake the review of documents and contracts and assess the cost of the stations in preparation for their presentation to foreign companies for investment and the purchase of their shares.

 

Egypt’s SWF plans to obtain a 30% stake in power plants implemented by the German company Siemens, and six international investors have expressed interest in managing and operating the three power stations, along with the direct investment fund Actis that made a letter of intent to acquire one of the stations.

 

 HSBC bank is one of the banks that financed three electricity production plants in Beni Suef, Burullus, and the NAC, with a total capacity of 14.4 GW along with the German Development Bank and Deutsche Bank, where they contributed to the financing of stations worth €4.1bn, equivalent to 85% of the total value of the contracts amounting to €6bn.

 

The Egyptian Electricity Holding Company had agreed on a “back-up loan” from the Ministry of Finance equivalent to €900m which constituted the remaining 15% of the total financing and represented the advance payment for the Burullus, Beni Suef and New Capital projects.

 

The sources added that the three stations, with a total capacity of 14,400 MW save $1.2bn in fuel annually, and their efficiency rates exceed 60%.

 

 

 

Ayman Soliman, Egypt’s SWF CEO, said in previous press statements that there is great interest on the part of investors in the power stations that were built by Germany’s Siemens.

 

He explained that some of the assets will be owned and some of them will be managed only according to the type of assets and the laws governing them and the appetite of investors, pointing out that the fund is in talks with three Arab sovereign funds, and before the end of the year it will sign agreements with two of them, depending on the pace of the existing discussions.

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Dolphinus to import gas from Israel next January… Egypt to benefit from transport, handling fees https://eklutdvotyzsri.dailynewssegypt.com/2019/12/04/dolphinus-to-import-gas-from-israel-next-january-egypt-to-benefit-from-transport-handling-fees/ Wed, 04 Dec 2019 06:30:57 +0000 https://wwww.dailynewssegypt.com/?p=715623 Gas transmission with reverse line from Ashkelon to El-Arish is completed, according to informed sources

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Egypt will start receiving natural gas from the fields of the Israeli Delek Drilling Company in the Mediterranean for the Egyptian Dolphinus Holding Company, through a pipeline linking Ashkelon and Al-Arish in Egypt to transport gas supplies, by next January.

A senior government source told Daily News Egypt that the technical inspection of the pipeline has been completed and reversed to allow gas to transfer from Israel to Egypt, contrary to how it was working these past few years.

The private sector, represented by the Dolphin Holding Company, was the contractor for Delek to purchase the gas, and Egypt would receive a transfer fee for using its land and the national natural gas transportation network.

 The source pointed out that Dolphinus has the right to sell gas to the private sector locally after obtaining a licence from the Gas Regulatory Authority or export it through liquefaction plants.

He stressed that Egypt has succeeded in imposing its conditions announced in 2014    the settlement of international arbitration cases and achievement of best economic return to Egypt    and is now able to export gas through Israeli territory.

Besides, international arbitration obtained by the Mediterranean Gas Company was dropped and obtained $288m from the Egyptian Natural Gas Holding Company(EGAS), according to the ruling of the International Chamber of Commerce (ICC) in Geneva.

This was announced after completing the procedures for the acquisition of Noble, Delek, and Egyptian East Gas companies of the Mediterranean Gas Company, which owns a pipeline linking southern Israel to the Sinai desert.

The source added that the agreement was reached due to the strength of Egypt’s position and Israeli demand because gas produced from the Mediterranean Sea has no way out for export except through Egypt, the national gas network, and liquefaction plants.

In December 2015, the ICC issued a decision mandating EGAS and the Egyptian General Petroleum Corporation to pay compensation to the Eastern Mediterranean Gas Company with $ 288m, and $1.7bn to Israel Electric Company, following Cairo’s decision to suspend gas export to Tel Aviv in April 2012.

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Leopard: everything must change so everything can stay the same?   https://eklutdvotyzsri.dailynewssegypt.com/2019/11/28/leopard-everything-must-change-so-everything-can-stay-the-same/ Thu, 28 Nov 2019 17:03:29 +0000 https://wwww.dailynewssegypt.com/?p=715222 The great Italian writer Lampedusa has his central character Prince Tancredi articulate the most profound statement about conservative politics ever made: "If we want things to stay as they are," he tells his uncle, "things will have to change."

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The great Italian writer Lampedusa has his central character Prince Tancredi articulate the most profound statement about conservative politics ever made: “If we want things to stay as they are,” he tells his uncle, “things will have to change.”

The Prince also has one of the greatest lines ever written about Sicilians: “The Sicilians never want to improve for the simple reason that they think themselves perfect. Their vanity is stronger than their misery; every invasion by outsiders … upsets their illusion of achieved perfection.”

You can read the Prince’s story in the novel the Leopard, the work for which he is remembered and in one of the finest film adaptations of all time with Burt Lancaster and Claudia Cardinale. Geopolitics, especially with respect to energy markets, is often like that. Those who run it think it perfect and then, as in the 1973 oil shock, it all has to change. Something of this kind is happening now in Azerbaijan and the oil world is watching.

Baku was once the centre of the world’s oil production. Oil was discovered in Baku in the early nineteenth century. Discovered perhaps overstates the case.

As Lutz Kleveman describes in his study, the New Great Game:  “People who dug up the soil with their hands scooped off the oil that seeped out.” By 1873 there were twenty small refineries operating. Then the least successful of the Nobel brothers, Robert, showed up and founded the Nobel Brothers Petroleum company which was soon bigger than the leading US firm at the time, Standard Oil.

This first oil boom lasted through to the First World War and the Russian revolution. Then Azerbaijan, after brief independence, was incorporated into the Soviet Union.

For seventy years these massive reserves feed the industrialisation of the USSR. In World War Two Hitler set out to take Baku in Operation Blue. He told his generals unless we take Baku the war is lost.  

At the end of the Soviet Union, everything changed again. But to an extent, everything remained the same. After a period of chaos and military defeat a former KGB General Heydar Aliyev, the fox, stepped back in and was elected President in 1993.

The Aliyev family stablished the country and the oil business. In 2003 the Presidency passed to his son, Ilham. Everything changed but everything stayed the same, again. 

But there are signs that the region is beginning to change. Uzbekistan has a reforming President, there is an atmosphere of change in Baku with key posts in the government switching as more of the old KGB generation are shuffled out and new more technocratic and foreign-educated Ministers step up. Perhaps the demonstrations that have engulfed Georgia, Iran, Lebanon, Hong Kong and Iraq have given the rulers of this oil-rich states pause for thought.

Whatever the reason the way in which these markets are run and the control of these resources might be about to change again. Maybe this time they will not stay the same because in addition to the general unrest there are two contradictory but powerful forces at work.

On the one hand, central Asia faces the general challenge of insatiable Chinese demand for energy and markets. On the other hand, the long-running debate on diversification of the economy to life after oil will have to move from the abstract to the real unless new reserves can be discovered. 

Over the next twenty years it is more likely that given continued Chinese demand, the new reserves will be found. Recent analysis suggestions that 30 years of work by Azeri scientists have identified new sources of oil and gas but they may be more difficult to reach than simply digging in the soil with your hands.

This is where the recent political changes reflect a change in the life cycle of the Azerbaijani oil industry. As I have written elsewhere there are three ages in energy reserves. First the age of discovery and exploration, second the age of extraction and third the age of innovation.

For companies like Napag, the art of the energy business at this moment in history is to identify and then understand the dynamics of the reserves that are moving from one age to the next. Looking at the history and the evolution of the Azerbaijan reserves and in the context of political change, the Aliyev family seem to do a Lampedusa.

They want to change everything politically, bring in a new generation of leadership who can embrace innovation and they will need a new generation of smaller and more flexible oil and gas companies so that the flow of revenue will stay the same.

The returns will not be as great as the overall fossil fuel market declines but the opportunity for the next generation of oil and gas production now has the political climate to become a reality. 

Francesco Mazzagatti is the CEO of Napag Trading

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Egypt ERA notifies 3 companies over electricity price violations https://eklutdvotyzsri.dailynewssegypt.com/2019/11/26/egypt-era-notifies-3-companies-over-electricity-price-violations/ Tue, 26 Nov 2019 07:13:18 +0000 https://wwww.dailynewssegypt.com/?p=715311 The violating companies includes Egyptian Gulf Company for Tourism Projects, Misr Italia, and UGCO

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The Egyptian Electric Utility and Consumer Protection Regulatory Agency (Egypt ERA) has notified Misr Italia Group, Egyptian Gulf Company for Tourism Projects, and UGCO about selling electricity price violations to customers.

A source told Daily News Egypt that the three companies have licenses to distribute electricity, and that the Egypt ERA has received several complaints about changes in electricity selling prices imposed by the aforementioned companies from the prices set by the government in the fiscal year (FY) 2019/20.

The source added that committees formed by the Egypt ERA observed violation in the three companies’ electricity selling systems to customers, and gave a notice period to them to address these observations.

Egyptian Gulf Company for Tourism Projects obtained a license to distribute electricity at Golden Beach Village in 2016 for a period of five years. The license shall be renewed annually, with a total convert capacity of 3.65 MVA and the total power expected to be purchased is 1m kWh.

While, UGCO received its license to distribute electricity in 10 projects in Ain Sokhna, North Coast, and New Cairo in 2017 for a period of five years to be renewed annually, with a total convert capacity of 62.2 MVA, and the total energy expected to be purchased in the first year of the license is 45.436m kWh.

Misr Italia obtained a license to distribute electricity for the Mousa Coast project in Oyoun Mousa area with a total convert capacity of 4.5 MVA and a total capacity of 3.56m kwh.

Daily News Egypt contacted officials from the three companies and they confirmed their commitment to the prices set by the state for FY 2019/20.

Officials noted that some observations were made but misunderstood. Officials explained that the companies have signed contracts with all subscribers.

Some officials hinted that the tariff they get from distribution companies to buy kilowatt-hours is estimated to be worth 170 piasters, but they are committed to selling the kilowatt-hour at the same price approved for FY 2019/20, stressing that the violations pointed out will be avoided throughout the coming days

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EDF Renewables invests in Egypt’s KarmSolar, becomes shareholder https://eklutdvotyzsri.dailynewssegypt.com/2019/11/26/edf-renewables-invests-in-egypts-karmsolar-becomes-shareholder/ Tue, 26 Nov 2019 07:13:17 +0000 https://wwww.dailynewssegypt.com/?p=715310 In a Monday press statement, EDF Renewables will make a capital investment to become a strategic shareholder in the solar company, with which it has also agreed on a strategic partnership in the development of solar energy in Egypt.

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EDF Renewables, the clean energy arm of French energy giant Électricité de France (EDF), entered in a strategic partnership, and acquired a stake in Egyptian solar firm KarmSolar by taking part in a reserved capital increase.

In a Monday press statement, EDF Renewables will make a capital investment to become a strategic shareholder in the solar company, with which it has also agreed on a strategic partnership in the development of solar energy in Egypt.

On 4 November, a source close to the deal told Daily News Egypt that this comes within EDF plan for expanding investment in the Egyptian market, adding that after completion, KarmSolar would likely put a percentage of the company for an IPO.

KarmSolar operates as an independent power producer (IPP) and provides electricity to large commercial, agricultural, and industrial clients under power purchase agreements (PPAs).

According to the statement, its assets include a 170MW solar park in Egypt, in operation, under construction and advanced development.

The move is in line with EDF’s goal to double its installed renewables capacity to 50 GW between 2015 and 2030. “This partnership is fully in line with EDF Renewables strategy to offer relevant solutions helping Commercial & Industrial customers achieving their low carbon ambitions through the production and consumption of a competitive renewable energy,” said Frederic Belloy, executive vice president international operations for EDF Renewables.

Ahmed Zahran, CEO and Co-Founder of KarmSolar, said, “This investment constitutes a new major step to support our growth, and we are confident that EDF Renewables is the right partner to help take KarmSolar to the next phase of its expansion.”

“Throughout our conversations with EDF Renewables, it was very clear that they believed in what we want to achieve – which is to promote renewable energy and to make solar power more accessible,” he added.

Amr El Sawaf, Chairperson of KarmSolar, said “This is a major milestone in the development of our company, that ambitions to propel its expansion forward. EDF Renewables is not only an investor, but a strategic partner whose global expertise will extend KarmSolar’s local reach and further increase its technical capabilities. It is envisioned that this investment will also boost the private Egyptian solar market and thus support the government in implementing its vision of becoming a renewable energy hub for the region.”

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