Energy News
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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.
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How Egypt is managing energy deficit in a sweltering summer?
As soaring summer temperatures put unprecedented strain on Egypt’s power grid.
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New projects bringing Egypt closer to 42% renewable energy goal by 2030
Egypt approves four renewable projects totaling 400 MW, aiming to boost solar and wind energy and meet its 42% renewables target by 2030.
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How Egypt is managing energy deficit in a sweltering summer?
Egypt faces a summer energy crunch as gas production lags behind demand. Officials scramble for short-term fixes to keep the grid from collapse.
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Electricity Minister inspects turbine manufacturing progress in France for Dabaa Nuclear Plant
Egypt reviews nuclear turbine production in France as the Dabaa project moves forward, marking a key milestone in the country’s energy diversification
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Egypt’s El-Dabaa Nuclear Project Reaches Milestone
During the visit, the minister also examined the latest developments in the technical testing of the turbine generator for Unit 1.
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Egypt's renewable energy capacity is expected to reach 31.6 GW by 2035
The country is actively expanding its capacities through large-scale solar and wind energy projects.
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UN, Iran, and Egypt hold talks as nuclear enrichment ramps up
Iranian, Egyptian and U.N. leaders met in Cairo on Monday to discuss Iran’s nuclear program.