Energy News
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Africa’s largest solar-powered housing community opens in New Zayed
The project is notable for being the largest solar-powered housing community in Africa, according to a statement shared with Egyptian Streets.
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Egypt faces exceptional water challenges
Egypt in particular faces exceptional water challenges due to its low rainfall rates and its status as one of the driest countries in the world.
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Egypt pens $200mln deal with China’s Sunrev Solar to build solar energy complex in Sokhna
The project is among the largest industrial investments in renewable energy components within the zone.
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Fertilizer companies halted after suspension of Israeli gas
Egyptian fertilizer producers suspended their activities due to reduced imports of Israeli gas, following recent production halts.
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Egypt and EIB Global set to deploy EU grant aimed at greening Egyptian economy
The Egyptian government and the EIB’s development arm have signed an accord on the use of a €21 million EU grant to decarbonise the domestic economy.
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Egypt signs financial closure deal with Norway's Scatec for 1 GW solar plant
The government also signed a power purchase agreement for a 900 megawatt wind project that is being developed in the Gulf of Suez with Scatec.
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Egypt Activates Emergency Gas Plan Amid Total Halt in Israeli Imports
Following the outbreak of war between Israel and Iran, Egypt suspends industrial gas supply, turns to fuel oil and diesel for power.
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Four Companies Win Egypt Bid Round for Glass, Kaolin Sand Exploration
Mineral Resources Bid Round No. 1 for 2024 concluded with positive results, attracting participation from 20 mining companies and 19 private companies
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Egypt signs financial closure deal with Norway's Scatec for 1 GW solar plant
Egypt finalizes a deal with Norway’s Scatec for a 1 GW Kom Ombo solar plant, marking a major step in clean energy expansion and climate finance.
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African Development Bank greenlights $184.1M to back Africa’s largest solar power facility in Egypt
AfDB funds Egypt’s 1GW Obelisk solar project with $184.1M, including battery storage, creating 4,000 jobs and cutting 1M tons of CO₂ annually.
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IFC, AMEA Power back Egypt’s first utility-scale battery storage project
IFC invests $72M in Egypt’s first large-scale battery storage system, boosting clean energy with 300 MW capacity tied to Kom Ombo’s MW solar plant.
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Khalda Petroleum to bring 2 new wells into production in June
Khalda Petroleum to launch 2 new wells in June, adding 5,400 bbl/day to Egypt’s output as part of a national strategy to boost domestic oil production
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Egypt halts fertilizer production as Israeli gas disruptions deepen energy strain
A sharp drop in Israeli gas imports forces major Egyptian fertilizer firms to suspend operations, threatening exports and economic stability.
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AfDB approves $184.1 million for Africa’s largest solar project in Egypt
AfDB funds Egypt’s Obelisk solar project with $184.1M, launching Africa’s largest solar plant with 1GW capacity and 200MWh storage in Qena Governorate
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Egypt to launch two new oil wells this June, adding 5,400 barrels daily
Egypt to boost oil output by 5,400 barrels/day with two new wells, aiming to stabilize domestic supply and reduce reliance on imported crude.
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Egypt to establish floating LNG station in Ain Sokhna to support electricity stability
This will contribute to stabilizing supplies during peak consumption periods, as part of its ongoing efforts to secure its energy needs.
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Cairo Solar aims to build two renewable energy plants in Dabaa
The two facilities are expected to have a capacity of 1.000 kilowatts each.
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Egypt’s appetite to buy LNG impacts global market
It is already seeking a high number of cargoes this year, as well as planning further imports between now and 2028.
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Silver bullion booms in Egypt amid global hype
Once seen as little more than an ornamental accessory, silver is rapidly emerging as Egypt’s latest investment craze.
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Egypt awards Acciona O&M contract for one of world's largest wastewater plants
The contract, awarded for €35 million, covers the execution of various rehabilitation works and upgrades on two plants of the complex.