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Power and Energy

Egyptian cabinet approves electricity ration plan to boost natural gas exports

Since the start of the Russian/Ukraine conflict, Egypt has had to deal with a foreign currency shortage due to accelerating global commodity prices and increased cost of borrowing

Egypt ranks 4th in MENA for value of energy projects, top Arab country for solar and wind

The APICORP report noted that Egypt’s largest gas projects have an estimated value of around $14 billion, while the country’s largest oil projects are projected to be $12 billion

Egypt and UAE to sign agreement on new wind farm post-Eid holiday

The meeting also covered potential projects between the Egyptian and Emirati sides in the fields of building telecommunications towers

Fawaz Alhokair Group intends to invest $135M renewable energy project in Egypt

The news comes less than a week after Alhokair family members acquired a 4.99% stake in EFG Hermes’ valU

Egypt generated 20% of total power from renewable sources | FinMin

In regards of Egypt’s first-of-its-kind green bonds issued in 2020, Maait explained that their proceeds are currently financing 15 national eco-friendly projects