Egypt

Egypt to be among first to issue new climate targets ahead of U.N. summit

Egypt plans to issue a new national target to cut its greenhouse gas emissions within weeks, Foreign Minister Sameh Shoukry said on Friday, as it prepares to take the lead on global climate negotiations as host of a U.N. summit in November.

EBRD promotes green energy transition in Egypt

EBRD to lend up to US$ 4.8 million to Intro Sustainable Resources and Intro Solar S.A.E. Funds to finance investments in small-scale green energy transition projects

Egypt to set oil price at $80/barrel in FY 2022/2023 budget

The Egyptian government is expected to set the oil price at $80 per barrel for the budget of fiscal year (FY) 2022/2023, Asharq Business reported on May 8th, citing a document.

Solar power plant with investments worth LE700M to operate in Q3 of 2022

Construction work on a 50-MW solar project developed by a Belectric-CCC consortium in eastern Egypt is nearing completion, with commissioning scheduled for the third quarter of this year.

Egypt to capture, store carbon dioxide

Egypt will begin capturing and storing carbon dioxide at the Meleiha field in cooperation with Italian oil and gas company Eni. The $25 million investment from Eni will enable the capture and storage of 25,000 to 30,000 tonnes of carbon dioxide annually.

Argentina to receive 2 rare LNG cargoes from Egypt

Argentina is set to receive two rare shipments of liquified natural gas (LNG) from Egypt, Reuters reported.

Egypt, Grantham Research Institute, UK discuss green transformation

Rania Al-Mashat — Minister of International Cooperation and Egypt’s Governor at the World Bank Group (WBG) — met with Nicholas Stern — Chairperson of the Grantham Research Institute on Climate Change and the Environment at the London School of Economics — and Nick Dyer — the UK’s Special Envoy for Famine Prevention and Humanitarian Affairs — to discuss cooperation.

Egypt prepares to lay concrete for the 1st nuclear reactor at Dabaa Plant

The Egyptian Ministry of Electricity and Renewable Energy, represented by the Nuclear Power Plants Authority, is preparing to start work on pouring concrete for the first nuclear reactor to generate electricity with a capacity of 1,200 megawatts at the Dabaa plant.