Egypt Power Market 2021-2035: Power Procurement is Evolving to Meet New Government Priorities
May 04, 2021 08:58 ET | Source: Research and Markets Research and Markets Dublin, IRELAND
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Egypt s power sector is evolving with extraordinary rapidity and the focus has switched forcibly towards renewables.
The Egypt Power Report 2021 is a comprehensive guide to the risks, realities, opportunities, and threats associated with entering Egypt s electricity industry.
The report makes a detailed examination of the government s power sector priorities as it plans for the next phase of procurement and examines the opportunities and challenges facing the electricity supply industry, including the impact of coronavirus on demand growth and sectoral reforms and the government s ambitious renewable generation targets.
Although the pandemic is still taking a serious toll on the economy, foreign investors are banking on cross-border mergers and acquisitions in the financial industry, especially in consumer finance and retail banking, illustrating the urgency to acquire new capabilities.
Germany s WPD to sell part of interest in 640MW project off the coast of Yunlin County
5 May 2021 |
Michael Marray
French energy major Total has signed an agreement with German renewable energy developer WPD to acquire a 23% interest in Yunlin Holding, the owner of the Yunlin offshore wind farm under construction off the coast of Taiwan. The 640MW project has a 20-year guaranteed-price power purchase agreement (PPA) with state-owned Taiwan Power Company.
Yunlin is at present 48% owned by WPD, 25% by EGCO (Electricity Generating Public Company Limited), and 27% by a consortium of Japanese investors led by Sojitz Corporation (the other Japanese investors being ENEOS Corporation, Chugoku Electric Power, Chudenko Corporation and Shikoku Electric Power).
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The East African
Monday May 03 2021
Uganda President Yoweri Museveni and Tanzania President Samia Suluhu during her one day visit to Uganda. PHOTO | PPU | AFP
Summary
Last week, French newspaper
Les Echos reported that three French banks – BNP Paribas, Société Générale and Crédit Agricole – which have previously bankrolled Total’s oil and gas
projects – had opted not to provide financing for Eacop.
Milan-based UniCredit, one of the targeted lenders for Eacop, confirmed to
The EastAfrican that its policies bar it from financing projects that pose environmental risks.
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All is not well with the Total SE-sponsored East African Crude Oil Pipeline as, one by one, European lenders are walking away from requests to finance the $3.5 billion project, leaving it in financing blues barely three weeks after its launch.