CEO of Eni, Claudio Descalzi, said in a Sunday meeting with President Abdel Fattah el-Sisi that the Italian energy company and its partners will inject new investments worth $7.7 billion over the next four years in Egypt.
The Egyptian government plays an important role in the production of green hydrogen in cooperation with the private sector.
Studies are also being conducted to accomplish electricity linkage with African states capitalizing on their hydropower capabilities.
The New and Renewable Energy Authority will secure a land plot for Norway's Scatec ASA to build a wind farm western Sohag as per an agreement they signed Wednesday.
Over the past eight years, Egypt has successfully added 31,000 megawatts of electricity generation capacity.
The petroleum sector has succeeded in taking many steps and measures in the field of energy transition and reducing emissions.
The consortium will establish a company named Osiris to implement the project which will be located in the city on the Red Sea coast, with a total annual production capacity of 692K tons.
This comes within the framework of the vision to achieve optimal economic benefit from natural and mineral resources, while the following is the most important information related to the project:
Global reports predict that data centers are set to consume 20 percent of the world’s power by 2025, said Hosam El Gamal, CEO of the National Telecom Regulatory Authority (NTRA).
President Abdel Fatah al-Sisi received Thursday Austrian Chancellor Karl Nehammer at Al Itihadiyah Presidential Palace to hold talks, and later, they held a joint press conference.
Chairman of the General Authority for Investment and Free Zones (GAFI) Hossam Heiba held a meeting Wednesday with the representatives of Mytilineos Holdings.
Minister of Foreign Affairs Sameh Shokry received Sunday Commissioner for Promoting European Way of Life Margaritis Schinas.
The meeting tackled ways of boosting cooperation with the electricity and renewable energy sector.
During the meeting, Sisi hailed the firm and special relations between Egypt and China, extending congratulations to President Xi Jinping on his reelection for another term.
Additionally, the minister cited decreasing the price of renewable energy to $2.3 cents for one kilowatt (kW) of solar energy and $2.4 cents for one kilowatt (kW) of wind energy – lowest prices globally – and the exempt released earlier this year for solar energy projects, as great incentives for investors in the sector.
The Egyptian Nuclear and Radiological Regulatory Authority announced in June the issuance of the permit to build the first reactor at Al Dabaa Nuclear Power Plant.
The General Authority for Free Zones and Investment (GAFI) hosted Sunday in Cairo the meetings of the Egyptian-Uzbek Business Council.
Molla said during a press conference held Wednesday at the Egypt Petroleum Show (EGYPS 2023) that details about the bid will be announced before the end of February.
The meeting touched on opportunities for cooperation with the Greek Group to implement electricity production projects from renewable energy sources in Egypt, and transfer them to Europe through Greece via the electrical connection between the two countries, Fahmy said.
The minister elaborated that Italy wants to establish an energy hub in Europe in cooperation with other Mediterranean states.