Egypt: Three combined-cycle power plants built by Siemens to become operational in December

09/08/2016 10:34


Power plants built by Germany’s Siemens in Egypt are expected to enter into operation in December this year and will attain the full capacity of 14,400 megawatts in May 2018, according to Egypt’s cabinet.

In June 2015, Egypt inked a EUR 8 billion agreement with Siemens for the development of three combined-cycle power plants with a capacity of 4,800 megawatts each, in addition to 12 wind farms to spur Egypt's power generation capacity by more than 50 percent. Egypt has been facing its worst energy crisis for years, with power outages hiking as its ageing state-run infrastructure struggles to keep up with growing demand. The first gas-fired combined cycle power plant, called Beni Suef, will be funded by a group of banks.

Daily (04.12.2019): Carbon price plummets to a two-week low on Tuesday amid a weak energy complex

04/12/2019 10:47:00

Crude oil prices ended on a mixed note on Tuesday, with Brent hitting its lowest level since Oct.21, while WTI prices increased for a second consecutive session. Brent decreased by 10 cents, or 0.2% to end at $60.82 a barrel, following comments from the U.S. President Trump that a trade deal with China might be delayed, feeding uncertainty over demand. WTI rose by 14 cents, or 0.3%, to close at $56.10 a barrel, extending the 1.4% gain registered on Monday.


Albania, Kosovo agree to set up common energy market

04/12/2019 09:05:00

Kosovo’s power transmission system operator KOSTT said it has signed an agreement with its Albanian peer OST to set up a common energy market of the two neighboring countries.


Edison to build 760MW gas-fired thermoelectric power plant in Italy

04/12/2019 09:00:00

Italy’s Edison is planning to build 760MW natural gas-powered thermoelectric power plant in Presenzano in the province of Caserta, with an investment of €370m ($408m).