Egypt's President Sisi Inaugurates $2.7 bln worth of Electricity ProjectsSource: www.export-egypt.com 5/17/2016, Location: Africa |
|
|
|
|
 Egypt's President Abdel-Fattah El-Sisi inaugurated eight power stations, adding more than 3,600 megawatts to the national electricity grid at a total cost of $2.7 billion.
The projects, several of which entered service throughout the past year, include the Upper Egypt West Assiut power station that has a production capacity amounting to 1,000 megawatts. The West Assiut power station was constructed by a consortium led by General Electric at a cost of $776.5 million and began operations in two phases in May and August 2015, the media office at the electricity ministry told Ahram Online. As the summer approaches this year, Egyptians are dreading what has become frequent over the past few years -- power outages -- that have not only hit households but also the production capacity of energy intensive industries. Since he took office in 2014, El-Sisi has pledged to solve the energy crisis, through the construction of power stations, the import of liquefied natural gas and solving the energy sector problems. Egypt's production capacity was 32,015 megawatts by June 2014, according to electricity ministry statistics. |
|
|
Financials and Investment News in Egypt >> |
 |
|||||
|
Egypt >> 11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regardi...
|
Egypt >> 11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching...
|
|
Egypt >> 11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sa...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Ministe...
|
|
Egypt >> 11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.
The Cabinet is set to add... |
| Egypt Oil & Gas 1 >> 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | 81 | 82 | 83 | 84 | 85 | 86 | 87 | 88 | 89 | 90 | |
