Showing posts with label
Egyptian Electricity Transmission Co. (EETC).
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Showing posts with label
Egyptian Electricity Transmission Co. (EETC).
Show all posts
4 MAY 2018
Nihal Samir
Minister of Petroleum and Mineral Resources Tarek El-Molla revealed in a press statement on Tuesday that he discussed with a delegation from Japan’s Toyota Tsusho Corporation the possibility of the company’s participation in a hydrocarbon cracking for diesel fuel project at an Assuit Oil Refining Company plant, which is to be implemented with investments worth $1.9bn.
The meeting also reviewed the situation of the integrated project for refining and petrochemicals, which is currently in the phase of study for implementation. Also, it reviewed the economic indicators and feedstock to reach the final feasibility study for the project.
El-Molla discussed with the delegation the investment opportunities available to increase the company’s investments in Egypt in the fields of refining and petrochemicals.
On the other hand, they discussed the executive status of an agreement which was signed in mid-April between the Egyptian Natural Gas Holding Co (EGAS), Ganoub El Wadi Petroleum Holding Company, and the Japanese company Toyota Tsusho to buy and own a new offshore drilling device with investments of $600m.
Monday, 26 December 2016
The Electricity Act and the Natural Gas Act, which would deregulate their respective sectors were two of laws that excited us the most when they were announced. With so many sectors of the economy still under government control, it would almost seem inconceivable that such strategically vital sectors would be slated for privatization for Egyptians and foreigners. At the time they were proposed, Egypt had become a net importer of natural gas and suffering through critical power shortages. It was hoped by allowing the private sector in supply and distribution would be made more efficient by introducing competition, spur domestic and foreign investment in the sector, and reduce the immense expenses incurred by the government as a result of being the sole operator. More crucially, it would help ease the government’s transition away from subsidizing electricity and gas to the Kramers. Neither law has been implemented as of the end of 2016, but slow progress is still progress.
Wednesday, 14 December 2016 06:56
Siemens has energised the first two substations that will transmit electricity generated by the new power plants in Beni Suef and Burullus to Egypt’s power grid
When complete, the plants, which Siemens is building alongside with its partners, will feature a total of six 500/220 kV substations and will enable a reliable and resilient energy delivery for the North African country.
The Etay El-Baroud and Maghagha substations are part of the contract signed between a consortium, comprising Siemens and El Sewedy Electric T&D, with the Egyptian Electricity Transmission Company (EETC) for the design, engineering, supply and installation of six state-of-the-art substations, located in El Minia, El Beheira, Qalubia, Assiut and Kafr El Zayat governorates. They will include gas-insulated switchgear (GIS), transformers and control and protection equipment. All civil work will be completed by the local-based engineering company El-Sewedy Electric T&D.
