Within the framework of accelerating the implementation of the projects planned in the "Decent Life" initiative, which was launched by H.E. president Sisi to raise the standard of living in the villages most in need, as well as promoting the development of basic services provided to citizens and alleviating poverty rates , Dr. Muhammad Shaker, Minister of Electricity and Renewable Energy, asked the electricity distribution companies to take the necessary steps towards improving the efficiency of electrical networks in the targeted villages. Dr. Shaker explained that the development plan for the electricity networks that will be implemented includes improving the service and raising the efficiency of the electrical supply. It also includes the conversion of exposed low-voltage conductors into insulated ones, changing the small conductors to convenient ones, raising the capacity of the transformers, replacing the rickety lamp posts, replacing the suspended transformers with kiosks, and creating new electric feeders to improve the performance and stability of electrical supply and develop solutions to avoid problems of long lines. In this regard, the Beheira Electricity Distribution Company is developing the electricity network with 13 villages at a total cost of L.E. 58 million as part of the Presidential Initiative Project "A Decent Life" for every Egyptian. The development of the electricity network has been completed with (8) villages in the ar...
2020-12-17 15:57:30
Under the auspices of His Excellency the Ministers of Electricity and Renewable Energy in Egypt and Yemen, the activities of the first training courses have been started within a package of seven consecutive remote training programs for 137 Yemeni cadres in technical and administrative fields. The Egyptian Electricity Holding Company will implement these training courses within the framework of the interest that the electricity & energy sector pays to build and prepare cadres. These programs are of utmost importance in order to consolidate and strengthen relations between the two countries and reach a real partnership to achieve mutual benefits and the desired goals. The trainees transfer the knowledge and skills they acquired from the training programs to achieve maximum benefit and improve the current situation of the electricity sector in their country. It is worth noting that from the beginning of 2003 until now, the Ministry of Electricity and Renewable Energy has trained 8,335 trainees from African and Arab Asian countries in all fields of electricity and energy (generation / transmission / distribution / renewable energy / administrative / financial / computer).
2020-11-19 15:25:14
The Egyptian Electricity Holding Company (EEHC) and its subsidiaries have made total investments amounting to EGP 33bn during fiscal year (FY) 2019/20, according to EEHC Chairperson Gaber Desouky. Desouky’s comments came during the company’s Ordinary General Assembly and Extraordinary General Assembly meetings, headed by Minister of Electricity and Renewable Energy Mohamed Shaker. Desouky said that, thanks to the support of Egypt’s political leadership, the EEHC has succeeded in overcoming the challenges it faced during the novel coronavirus (COVID-19) pandemic. The company has also managed to stabilize the national grid, bridged the gap between production and demand for electricity, and completed steps to rehabilitate electricity companies. He added that many measures have been taken, the most important of which is the settlement of financial entanglements between the holding company and its subsidiary companies with the Ministry of Finance and the Ministry of Petroleum and Mineral Resources. Desouky pointed out that the capacity of Egypt’s national grid increased by 1,199 megawatts (MW) to 59,529 MW, with the amount of energy generated reaching about 197.3bn kWh. The efficiency of the existing power plants continues to increase, in addition to the necessary maintenance and overhauls being conducted to ensure their readiness. This has taken place without affecting the continuity of supply for all State sectors. The EEHC Head said th...
2020-12-05 08:45:02
Dr. Assem El-Gazzar, Minister of Housing, Utilities and Urban Communities, said that the Arab Contractors Company will receive the award for the best contracting company in Uganda tomorrow, in the presence of the Deputy Minister of Housing for National Projects and the Chairman and CEO of the company. This award is for the role of the company in implementing many of the developmental projects there which are distinguished by its execution according to the international standards in terms of quality and performance.. Dr. Assem El-Gazzar emphasized that this award reflects the strength of the Egyptian contracting companies and their ability to achieve successes inside and outside the country in the projects they implement.
2020-12-05 10:45:02
The Egyptian Ministry of Transport intends to expand railway projects in cooperation with the American company of "Bechtel" to implement the sixth metro line, which is 30 kilometers long. The Egyptian Minister of Transport, Kamel El-Wazir, said that Egypt is moving ahead with plans to expand the Metro and rail networks, and is close to concluding an agreement with Bechtel to implement the sixth Metro line in Cairo. Speaking to the American Chamber of Commerce on Monday, the Egyptian minister said that most of the largest transportation projects, which also include dry ports and river transport, must be completed by the end of 2024. The minister said that Egypt is working on concluding a memorandum of understanding with Bechtel for feasibility studies and implementing the sixth Cairo Metro line project, at the cost of 5 billion USD, over a length of 30 Kilometers. He explained that Egypt had collected funding for the metro line from Canada, the United States, Britain, France and Japan, without revealing its route, but reports said that it would extend east of the Nile from north to south of Cairo. On the other hand, the Egyptian Orascom Construction Company said that it had signed a contract with the Japanese company Mitsubishi and the National Authority of Tunnels in Egypt, a contract worth 800 million USD, to work in the first phase of 19 Kilometers of the fourth metro line in Cairo,...
2020-12-14 13:12:29
A stable power grid is essential to help meet the national goals of land reclamation and the development of agriculture, communities and industries Cairo, Egypt, 8 February, 2020 – Hitachi ABB Power Grids will provide state-owned Egyptian Electricity Transmission Company (EETC) with high-performance grid stabi-lization technology to help improve power quality and expand transmission capacity in the strategic Owainat development area in southwest Egypt, where desert waste-land is being reclaimed for agricultural use. The contract was signed in the presence of the Egyptian Minister of Electricity and Renewable Energy, Dr. Mohamed Shaker. This strategic project will provide EETC with a fully engineered solution based on a 200 megavolt ampere (MVAR) STATCOM to be connected to the existing 220 kilovolt (kV) Owainat substation, thus enabling grid expansion and providing more power for rural development and a rap-idly increasing population. Hitachi ABB Power Grids’ technology and engineering capabilities will help the country reclaim untapped land in the vast Western Desert, where projects are un-derway to sustainably improve social and economic conditions for Egyptian com-munities. “Hitachi ABB Power Grids is proud to support EETC in this strategic project, and to help drive efforts to meet Egypt’s 2030 vision of integrated, sustainable growth with a focus on the energy industry,” said Mohamed Hosseiny, Country Managing Direc...
2021-02-23 14:42:59
Eng. Mahmoud Lashin, Vice Chairman of "Aton Holding" for Financial Investments, revealed that it had acquired the "Pharos Asset Management" company as the company's first investment operation in the local market. «Aton Holding» is a financial investment company newly established in the local market four months ago, and subject to the rules and laws regulating the General Authority for Financial Supervision, and its board of directors is chaired by businessman Tamer Wageh, and a number of Egyptian investors, including Mahmoud Lasheen, Vice Chairman, Mustafa Attia, Hazem El-Far, and Hashem Ghoneim. Lashin said that the acquisition of "Pharos Asset Management" took place only two weeks ago, explaining that the Pharos Fund Company, the owner of the Pharos Fund I designated for investing in shares in the local market, was also acquired. He refused to disclose the value of the deal due to the agreements signed with the seller. The transaction marks the first for Aton, which plans to raise Pharos Fund I's assets under management (AUM) to EGP 500 mn in one year before hitting EGP 2 bn in 2022. He added that Aton has already added over EGP 120 mn to the asset management firm's portfolio following the acquisition. He pointed out that one of the reasons for this increase was the participation of "Pharos" in managing the shares of Arab and foreign investors in the "Al-Safwa Specialized Hospital"...
2021-03-03 09:48:42
The Ministry of Antiquities, in coordination with the Arab Contractors Company, began the restoration and development of the archeological dome building of the Suez Canal Authority in Port Said to convert it into a tourist attraction and the implementation of an advanced pilotage tower at a cost of 300 million pounds from the budget of the Suez Canal Authority. An official in the Antiquities Authority confirmed that the project is scheduled to take two years due to the accuracy required in dealing with archaeological buildings, and in parallel with the restoration work, an administrative building for the maritime traffic services of the Suez Canal in Port Said will be constructed as an alternative to the current building it occupies. The dome building is the first architectural building to be built on the canal by the direct decree of Khedive Abbas Helmy II in 1890. It is considered a testament and a witness to the steadfastness and valor of the people of Port Said, as it withstood the Axis alliance raids in World War II, and also withstood the Anglo-French raids during the tripartite aggression in 1956. And it also stood up gloriously in front of the Zionist air raids in 1967 war.
2021-03-03 09:49:44
Giza General Contracting and Real Estate Investment Company (GGCC) has been assigned by the New Damietta Development Authority (NDDA) to construct 55 luxurious residential buildings in New Mansoura City, according to the company’s statement. The buildings will be established in the second phase of Janna luxury housing project at an estimated cost of EGP 600 million, the statement highlighted. NDDA is the governmental authority that supervises on New Mansoura City. The company has announced the financial statements for the period from 01/01/2019 to 31/12/2019, where the results showed that the company has achieved a net profit of 53,460,647 pounds, down from 62,807,948 pounds in the corresponding period a year earlier.
2021-03-03 11:49:53
Skyway Real Estate Development Company announced the opening of reservations for the first phase of its latest projects in the New Administrative Capital on February 21, at Helnan Landmark Hotel in New Cairo. Eng. Hosni El-Saedy, Chairman of the Board of Directors of Skyway, said that the company obtained a plot of land of 3600 square meters in the Down Town area to develop an administrative tower with a height of 63 meters. He confirmed that the tower is 18 floors high, ( a roof, 3 garages, and 15 recurring floors), characterized by distinct designs that match the best international designs with investments of more than 400 million pounds. He added that The company has more distinguished marketing ideas, especially since we have the full desire to deliver on time to show our respect for the company's customers and to gain their confidence, especially since we have incomparable prices and payment systems. He added that the office of Engineer Mohamed Talaat, a consultant in the Administrative Capital, was able to complete the required drawings and amendments, as the company hopes to transfer many European experiences to Egypt while preserving the Egyptian splendor that goes in line with the administrative capital and the construction revolution in it. The Chairman of the Board of Directors of Skyway indicated that the tower is located in a strategic area on the Green River and next to all ministries and agencies at the meeting point of all vital are...
2021-03-03 11:50:21
Within the framework of the interest of the Egyptian political leadership in the speedy implementation of the electrical interconnection project between the Arab Republic of Egypt and the brotherly Republic of Sudan and the termination of the second phase of this project, and within the framework of the interest that the electricity and renewable energy sector attaches to the electrical interconnection projects, especially the connection with the Republic of Sudan. The Egyptian Electricity Transmission Company and Siemens Energy Company signed a contract to raise the capacity and stability of the existing electrical interconnection line between Egypt and Sudan to 300 from 80 megawatts. The signing ceremony was attended by Egyptian Minister of Electricity and Renewable Energy Mohamed Shaker and Sudanese Ambassador to Cairo Mohamed Elias. The ministry revealed in a statement that the contract includes the supply and installation of two ineffective compensator units (STATECOM) capacity of 2 x + - 150 megafars. The contract, worth 453 million Egyptian pounds, will be financed by the strategic projects of the General Office of the Ministry of Electricity and Renewable Energy, with an implementation period of about 18 months from the date of its signing. Shaker praised Sudanese-Egyptian ties, stressing an interest in fostering them. He also highlighted the fruitful and constructive cooperation between the electricity and renewable energy field with Siemens, represente...
2021-05-05 14:27:54
