Egypt

IEEFA Research

IEEFA report: Bangladesh’s power system headed for financial disaster due to overcapacity in coal, LNG power

IEEFA report: Bangladesh’s power system headed for financial disaster due to overcapacity in coal, LNG power

Investments in renewable energy and grid are needed to meet lower-than-expected demand slowed further by COVID-19

18 May 2020 (IEEFA Australia) ‒ Bangladesh’s plan for significant coal- and LNG-fired power plant additions will lock the nation into substantial overcapacity, with major financial implications, according to a new study released today by the Institute for Energy Economics and Financial Analysis (IEEFA). The coronavirus pandemic is currently lowering power demand significantly in Bangladesh, […]

IEEFA Japan: Marubeni’s coal exit announcement a good first step but increased commitment needed

Investors still exposed to risk as Marubeni fails to swiftly adapt to changing energy technologies

March 12, 2019 (IEEFA Japan) – Despite announcing a coal exit, Japanese conglomerate Marubeni still has around twelve gigawatts of coal-fired power proposals in development, exposing investors to continued risk as the world moves away from coal. A new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA), ‘Marubeni Update: Continuing Coal-fired […]

More News and Commentary

Only one-third of increase in Africa electricity demand met by renewables

ESI Africa: Renewables supplied only a third of Africa’s electricity demand growth in 2020 according to energy think tank Ember’s The Global Electricity Review. The Global Electricity Review showed that wind and solar showed resilient growth in 2020, despite the COVID-19 pandemic. While this forced a record fall in global power figures, this was not […]

May 7, 2021 Read More →

Egypt’s largest private solar plant proposal lines up financing

PV Tech: Solar developer ACWA Power has secured a total US$114 million from financial institutions to fund the construction of what it claims will be Egypt’s largest private solar plant. Global financial institutions the European Bank for Reconstruction and Development (EBRD), the OPEC Fund for International Development (the OPEC Fund), the African Development Bank (AfDB), […]

April 27, 2021 Read More →

Eni Middle East, west Africa operations could be spun off into joint ventures

Reuters ($): Italy’s Eni (ENI.MI) is considering spinning off oil and gas operations in West Africa and the Middle East into new joint ventures to help reduce debt and fund its shift to low-carbon energy, according to company and industry sources. The move is part of a major overhaul the company launched last year as […]

April 21, 2021 Read More →

Global wind group sees major growth opportunities across Africa

Thomson Reuters Foundation: Wind could power Africa’s energy demands 250 times over and create jobs lost in the move away from fossil fuels but the continent has only tapped into 0.01% of its potential, wind experts said on Thursday. Wind projects are growing fast, with 724MW of new capacity added in 2020, bringing the total […]

March 8, 2021 Read More →
IEEFA Australia: As our export partners pull out, Origin and Inpex keep kicking the gas can down the road

IEEFA Australia: As our export partners pull out, Origin and Inpex keep kicking the gas can down the road

Japan will cease to be a major buyer of Northern Territory gas

Ask anyone in business what the first rule of thumb is and they’ll tell you straight: you have to listen to what your customers want. Simple, right? But that’s exactly what two of the biggest names in the Northern Territory gas industry, Origin and Inpex, are failing to do. They’re pushing to open up huge […]

October 28, 2020 Read More →

Egypt in talks to export excess renewable energy to Europe, African neighbors

Bloomberg: Egypt has begun talks over plans to sell electricity to Europe and Africa, pressing its advantage as a producer of cheap renewable energy in a bid to become a regional export hub, the head of its sovereign wealth fund said. The nation, which has a surplus of electricity, sees unspecified “power-hungry” countries to the […]

September 9, 2020 Read More →

Egypt teams up with Vestas for 250MW wind farm in the Gulf of Suez

ReNews.biz: The government of Egypt has signed an agreement with Vestas and other European partners to develop a 250MW wind project located in the Gulf of Suez. The project’s investment cost will total €228m, to be financed through an umbrella agreement between the Arab Republic of Egypt, the French Development Agency, the EU, the European […]

August 20, 2020 Read More →

IEEFA: Renewable energy is making inroads across Africa

Chinese investments advance solar projects while saddling countries with costly and risky coal plants

May was a big month for solar power announcements in Africa. Algeria endorsed a huge 4GW, five-year solar plan that will install 10 times the nation’s solar power capacity for an investment of $3.2bn-$3.6bn. Further south, there were significant developments on either side of the Zambezi. Zimbabwe announced an invitation to bid for 500MW of […]

IEEFA report: Bangladesh’s power system headed for financial disaster due to overcapacity in coal, LNG power
, and

IEEFA report: Bangladesh’s power system headed for financial disaster due to overcapacity in coal, LNG power

Investments in renewable energy and grid are needed to meet lower-than-expected demand slowed further by COVID-19

18 May 2020 (IEEFA Australia) ‒ Bangladesh’s plan for significant coal- and LNG-fired power plant additions will lock the nation into substantial overcapacity, with major financial implications, according to a new study released today by the Institute for Energy Economics and Financial Analysis (IEEFA). The coronavirus pandemic is currently lowering power demand significantly in Bangladesh, […]

IEEFA Asia: Chinese coal projects continue as existing power plants stand idle

Cancellation of huge BRI coal plant highlights overcapacity risk in Pakistan and Bangladesh

The 6.6 gigawatt Hamrawein coal power proposal in Egypt has been shelved because of over-capacity concerns and a growing preference for renewable energy. Hamrawein was a proposal led by a consortium of China’s Shanghai Electric, Dongfang Electric and Egypt’s Hassan Allam Construction. THE INDEFINITE POSTPONEMENT OF THE ENORMOUS BELT AND ROAD PROJECT, which would have […]