25/09/2016
(MENAFN - Daily News Egypt) All grants from the European Union to Egypt for ongoing projects in the energy sector will amount to a total of approximately 200m, according to Reinhold Brender, deputy head of the EU delegation to Egypt.
Financial support from the EU significantly helped Egypt design its new Integrated Sustainable Energy Strategy for 2035, Brender explained in an interview with Daily News Egypt on the sidelines of a conference on the sustainable energy strategy. This conference took place last week and was co-organised by the EU under the patronage of the Egyptian prime minister.
February 22nd, 2016
Electricity prices do not make happy reading for gas-fired power producers in Turkey nowadays.
A surge in renewable generation, slowing demand and the impact of falling commodity prices have all contributed to pare the spot price for the last 14 months.
The story is not dissimilar to what has been happening in European power markets in recent years where renewable generation is gradually displacing thermal production, depressing power prices. The difference is that in Turkey there is a pressing need for more gas generation because of the pending expiry of contracts for public-private gas-fired plants.
But just as 5 GW of thermal plants built under the so-called build-own-operate and build-own-transfer (BOO/BOT) partnerships some 20 years ago are to be phased out in 2018/2019, there are also growing fears that Russia may act on its threats to discontinue the transit of gas through Ukraine to dependent countries by 2019.
