Egypt prepares major incentive packages to attract green hydrogen investments: Petroleum Minister
Petroleum and Mineral Resources Minister Karim Badawi announced that Egypt is developing a set of highly attractive incentive packages to accelerate investment in green hydrogen, as the country works to position itself as a central player in the emerging global
KarmSolar speeds up Egypt’s renewable energy drive
Egypt’s clean-energy transition is gaining fresh momentum as KarmSolar expands its footprint in the national solar market through a series of new, large-scale projects. The company, led by CEO Ahmed Zahran, plans to invest $110m over the next three years
Industry Ministry approves energy allocations for seven companies in SCZONE
The Ministry of Industry and Transport has approved energy supply requests for seven industrial companies operating within the Suez Canal Economic Zone (SCZONE), following a review by the Ministerial Committee for Industrial Development. The approvals were issued during the committee’s
Al-Sisi, Putin mark installation of reactor pressure vessel at Egypt’s first Dabaa nuclear unit
Egyptian President Abdel Fattah Al-Sisi said on Wednesday that the installation of the reactor pressure vessel at the first unit of the Dabaa Nuclear Power Plant marks “a new and bright chapter” in Egypt’s nuclear programme, underscoring the depth of
Khalda Petroleum announces new gas discovery in Western Desert
The Ministry of Petroleum and Mineral Resources announced on Monday that Khalda Petroleum Company has made a new gas discovery in the Western Desert. In a statement issued on Monday, the ministry said the company successfully drilled the exploratory well
Egypt starts gas production at West Burullus field in Mediterranean: Petroleum Minister
Minister of Petroleum and Mineral Resources Karim Badawi has announced the start of initial gas production from the West Burullus field in the Mediterranean Sea, following the successful connection of the field’s first well to the national gas grid. Early
Al-Sisi orders expansion of oil, gas and mining exploration, new investor incentives
Egyptian President Abdel Fattah Al-Sisi on Saturday directed his government to scale up oil, gas and mineral exploration and introduce additional incentives to attract investors, according to a statement from the presidency. The directives came during a meeting with Prime
Singapore’s Destiny Energy to invest $210m in Egypt to produce 100,000 tonnes of green ammonia annually
Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), met with Vijay Sersi, CEO of Singapore-based Destiny Energy, to discuss the company’s plans to establish a green ammonia production facility in Egypt. Sersi stated that Destiny
Egypt’s SCZONE, China discuss boosting investment in auto, clean energy sectors
The head of Egypt’s Suez Canal Economic Zone (SCZONE) has met with a high-level Chinese economic delegation led by Deputy Minister of Commerce Ling Ji to discuss strengthening economic and investment cooperation. During the meeting at the authority’s headquarters in
EBRD invests $40m in Infinity to accelerate renewable energy growth across Africa
The European Bank for Reconstruction and Development (EBRD) has announced an additional $40m equity investment in its longstanding partner Infinity, Egypt’s leading renewable energy developer. The move raises the Bank’s total equity commitment to $141.5m, up from $101.5m. The fresh