energy
As per the agreements, the natura gas in two fields of Cyprus’s Exclusive Economic Zone Cypriot (Aphrodite and Cronos) will be liquified in Egypt’s Liquefied Natural Gas (LNG) plants to be then exported to Europe.
Minister of Immigration and foreign Affairs Badr Abdelatty began his visit to Brussels Sunday with a meeting with the general manager of the electricity linkage sector at Jan De Nul.
The $1.1 billion venture has already garnered significant financial support, including $200 million from the European Bank for Reconstruction and Development (EBRD) and $170 million from the African Development Bank (AfDB).
As part of this partnership, Informa Markets will support Entlaq in the outreach and meetups with relevant stakeholders and integrate the report's findings into its flagship Egypt Energy Event as well as promoting it with its local and International Network and Events
Minister of Foreign Affairs and Immigration Badr Abdelatty delivered Monday a speech at the opening of the 10th session of Rome MED Dialogues.
El-Sisi also instructed the government to accelerate the implementation of renewable energy projects, with the aim of diversifying energy sources and increasing the capacity of the electricity grid.
JA Solar will oversee the study phase, with investments projected at $138 million for the solar cell facility and $75 million for the solar panel factory, which will primarily serve local markets.
These agreements aim to establish a 5 GW floating solar power project on Lake Nasser and a 2.8 GW solar power project in Nagaa Hammadi, marking a significant step toward advancing clean energy infrastructure in both nations.
These agreements bring together the Egyptian Electricity Transmission Company (EETC), the New and Renewable Energy Authority (NREA), and Alcazar to initiate studies for a 2 GW wind power project.
The French Embassy in Cairo says that Paris has been cooperating with the Egyptian Ministry of Electricity through the Agence Française de Développement (AFD) for more than 10 years to support the transition to clean energy.
Representing Egyptian President Abdel Fattah al-Sisi, Madbouly participated in a roundtable on energy and climate change mitigation, emphasizing Egypt’s target of 42% renewable energy in its energy mix by 2030.
QatarEnergy has entered into an agreement with Chevron to acquire a 23 percent working interest in the concession agreement for Egypt’s offshore North El-Dabaa (H4) Block
Egypt's Energy Strategy 2040, which was approved by the Cabinet after its amendment, aims to produce 68,000 megawatts of renewable energy, whether solar, wind or water, said Salmawy.
There are opportunities in the fields of oil, gas, electricity, renewable energy, and green hydrogen.
Egypt and France expand cooperation with major development projects across key sectors.
All necessary studies for the project have been finalized. The signing of the final contracts is anticipated by the close of 2024 to pave the way for project commencement.
The Egyptian state seeks to establish the country as a regional center for trading and exporting gas and energy in the Eastern Mediterranean region.
These stations, with a combined capacity of around 1,000 megawatts, will be set up in Upper Egypt, notably in the Aswan Governorate.
Likhachev noted that this collaboration would greatly assist Egypt in achieving its objectives in the realm of new and renewable energy sources.
These combined efforts are geared towards meeting the growing demand for electricity and facilitating the operation of additional capacities by the upcoming summer.
