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Turkish energy company shuts down supply to Lebanon over arrears
Karpowership, a Turkish company which supplies Lebanon with a quarter of its energy needs, has shut down this Friday its two floating stations over failure by the Middle East country marred in financial crisis, to pay its arrears, Reuters reports. A source knowledgeable of the matter but who required anonymity told Reuters that the company […]
Germany, latest major power to welcome Morocco-US-Israel deal
Germany’s foreign ministry welcomed the normalization of ties between Morocco and Israel with US mediation. In a statement, the ministry described the Moroccan-Israeli move as an “important step brimming with hope for more peace and stability in the region.” The rapprochement between Israel and other Arab nations that recently announced normalization of ties “would create […]
Egypt Gets $116 Mln Financial Support For Solar Projects
The European Bank for Reconstruction and Development (EBRD) and Proparco have contributed $58 million each for the construction and operation of two 50 MW solar photovoltaic power plants in Egypt. These plants are the first two projects to be financed under Egypt’s ambitious feed-in tariff scheme for renewable and will be part of the planned […]



