First Independent Mena Newspaper
The kingdom of Morocco envisions to build a carbon-free energy sector by 2050 as the North African country adopts a new energy vision, Bas Carbone (Low Carbon). The new vision, made of seven orientations, aims first and foremost at accelerating the strong development of renewable energies with a view to decarbonize electricity, with an indicative […]
Egypt is expected to receive, this year, the permission to build two nuclear plants for electricity generation. Amjad Al-Wakeel, Chairman of Egypt’s Nuclear Power Plant Authority (NPPA), told Zawya the projects already in phases will be implemented in the second half of 2022. NPPA is coordinating with the contractor Rosatom of Russia to obtain […]
Morocco’s high-speed train, Al Boraq, has started using green energy as of January 1, 2022, the National Railways Office (ONCF) announced in a press release. Thanks to the clean energy provided by a national operator, ONCF greens the power cycle of the national railway network, substituting its electricity consumption with clean energy. The Office operates […]
After concrete phosphates and gas cooperation projects, Morocco is helping Nigeria develop electricity production from renewable energy with a solar power project spanning over 200,000 hectares of land in the state of Jigawa. “The power solar energy is an initiative of Moroccan government, in collaboration with the Federal Government and Jigawa State government specifically to […]
The Egyptian General Petroleum Corporation (EGPC) has signed an agreement with the Italian giant energy group Eni for oil exploration and exploitation in the Gulf of Suez and Nile Delta regions worth $1 billion, Arab Finance reports, citing a statement by the Ministry of Petroleum and Mineral Resources. The deal signed by Minister of Petroleum […]
The European Bank for Reconstruction and Development (EBRD), supported by the Green Climate Fund (GCF) and the European Union, provides €25 million to Banque Marocaine pour le Commerce et l’Industrie (BMCI) to support Morocco’s green transition. The financing, of which a total of €23.75 million will be provided by the EBRD and €1.25 million by […]
The Islamic Development Bank (IsDB) has agreed to fund 50 pc of the Front-End Engineering Design (FEED) Study for the Nigeria-Morocco Gas Pipeline project expected to enhance African integration, regional trade, and economic cooperation. The funding agreement was signed remotely on Monday by IsDB Vice President Mansur Muhtar, Moroccan Economy & Finance minister Nadia Fettah, […]
Egypt is in contact with Chinese companies with three potential companies for the production of electric cars in 2023 for an investment of $127 million, Bloomberg reported. The companies, no identified, will collaborate with state-run El Nasr Automotive Manufacturing Co., Public Enterprise Minister Hisham Tawfik told Bloomberg in an interview. Tawfik also the media production […]
Indian Samta energy group announced on Tuesday that it plans to invest more than $100 million in Morocco over the coming five years. “We are committed to investing more than $100 million over the next five years in the development of mining and mineral processing activities in Morocco,” said the Indian group in a statement. […]
Egypt is mulling plans to start manufacturing the country’s first bus powered by natural gas in 2022, Minister of Business Sector, Hisham Tawfik announced, according to Arab Finance. Some 70% of the local components of the buses will be manufactured to work with natural gas, Tawfik reportedly added. The busses will accommodate 14 to 50 […]