Abu Dhabi-based International Holding Company is building a pioneering solar-powered irrigation system to drive increased energy-efficient agricultural production in Egypt, through its subsidiary, Al Hashemeya Company for Land Reclamation and Cultivation. Al Hashemeya has invested AED1.5 million ($408,280) in setting up the pilot project, which is made of six wells spread over 500 acres, using […]
EGYPT: Green economy at the centre of EBRD President’s visit to Cario
The President of the European Bank for Reconstruction and Development (EBRD) starts a visit to Cairo, Egypt on Wednesday April 21st, 2021. Odile Renaud-Basso’s visit aims at strengthening cooperation between Egypt and the EBRD. The Bank is one of Egypt’s main nancial partners in its sustainable development policy.Between 2012 and 2021, the European Bank for […]
EGYPT: Towards increased EBRD support for the green and sustainable economy
The Egyptian government is negotiating with the European Bank for Reconstruction and Development (EBRD) to expand the financial institution’s support for the green economy and sustainable development in Egypt. The European Bank for Reconstruction and Development (EBRD) is one of Egypt’s largest financial partners. Cairo wants to rely more on the EBRD to implement its […]
Kom Ombo Solar power plant construction in Egypt to begin in Q3 2021
ACWA Power, a leading Saudi developer, investor, and operator of power generation and desalinated water plants has announced that the construction of the Kom Ombo Solar power plant will officially begin in the third quarter of the year 2021. The announcement was made after the finalization of the virtual signing of a 25-year Power Purchase […]
EGYPT: NREA approves the construction of a 50 MWp solar power plant in Zaafarana
German company Belectric has received approval from the Egyptian authorities to build its 50 MWp solar power plant in Zaafarana, Egypt. The Independent Power Producer (IPP) will now focus on securing the necessary financing for the implementation of its clean energy project. The agreement was signed between Belectric and the New and Renewable Energy Authority […]
ACWA POWER SIGNS FINAL PROJECT AGREEMENTS ON 200MW KOM OMBO PV PLANT
ACWA POWER SIGNS FINAL PROJECT AGREEMENTS ON 200MW KOM OMBO PV PLANT WITH EGYPTIAN GOVERNMENT Financial closure and ground-breaking expected in Q3 2021 Commercial operations to commence in Q3 2022 Cairo, Egypt: ACWA Power, a leading Saudi developer, investor and operator of power generation and desalinated water plants in 13 markets, has finalised the project agreements […]
Et follows up on Egypt’s plan to increase RE in energy mix
CAIRO : Egypt has previously announced its ambitious plan to increase the share of the renewables in its energy mix to reach 42 percent by the year 2035. In the below lines, et will highlight the latest developments by the government towards achieving this goal. In 2019, the amount of renewable energy generated rose by […]
All you need to know about areas for establishing solar, wind plants in Egypt
CAIRO : New and Renewable Energy Authority prepared Atlas Map of Egypt including the brightest places in the sun and the fastest winds, which are suitable for establishing solar and wind stations to generate electricity with the highest efficiency throughout the year. Spokesperson of Electricity Ministry Ayman Hamza clarified early Tuesday that the Atlas indicates […]
Belgian firm and Egypt sign hydrogen study
Belgium’s Dredging, Environmental and Marine Engineering Group (Deme) plans to explore green hydrogen production in Egypt. The firm signed an agreement with the Egyptian Ministry of Electricity and Renewable Energy, the Ministry of Oil and Mineral Resources and the Egyptian Navy to conduct studies on the production of the low-carbon fuel in Egypt, local media reports […]
Egypt: AfDB Approves Loan For 200 MW Solar Plant
The African Development Bank (AfDB) has approved a loan of $27.2 million for the development and operation of a 200 MW solar photovoltaic plant in Kom Ombo, Egypt. The project will cost a total of $156.4 million and will be developed by Saudi energy firm ACWA Power. The electricity produced from the plant will be […]