EBRD extends USD58mln loan for Turkey's energy investments
(MENAFN) The European Bank for Reconstruction and Development (EBRD) has extended a loan of EUR 50 million (USD 58.2m) equivalent in Turkish lira to back energy efficiency investments, including in small-scale renewable energy systems, by small and medium-sized enterprises (SMEs) in Turkey.
Turkey: ‘Localisation’ trend dominates the energy sector
Turkey is going to the polls on Sunday, and many wonder whether president Recep Tayyip Erdogan’s gamble on a snap election could backfire. Unless there is a shock at the ballot box though, the nation’s energy sector trends are unlikely to be challenged.
Energy Ministry in Cyprus to announce tender for supply of a floating storage regasification unit
The Ministry of Energy and the Natural Gas Public Company (DEFA) are planning to announce next month a tender for supply of a Floating Storage Regasification Unit (FSRU) and the construction of all necessary infrastructure for the CyprusGas2EU project, that will render possible electricity production from natural gas, Energy Minister Yiorgos Lakkotrypis said Tuesday.
Morocco, Burkina Faso to Cooperate on Renewable Energy
Morocco and Burkina Faso signed a framework agreement to cooperate on renewable energy projects notably through the exchange of expertise and know-how.
SPAIN VOWS TO PRIORITISE TRANSITION TO RENEWABLE ENERGY
SPAIN’S new government has vowed to prioritise its green policy during a meeting in Brussels.
Teresa Ribera, the new environment minister, announced that ‘Spain is back’ and that it would be working towards the EU goal of having at least 35% of its energy coming from renewables by 2030.
Solar Energy: WB Lends Morocco additional $125 Mln for Noor-Midelt Complex
The World Bank has granted Morocco a $125 million additional financial support to enable the North African Kingdom build the Noor-Midelt I and II plants expected to produce 600-800 megawatts.
The Noor-Midelt complex will be the country’s second concentrated solar power (CSP) complex built under the Noor Solar Plan. The Solar Plan is a critical component of the country’s goal of producing 52 percent of its electricity through renewable energy by 2030.
Portugal 'more ambitious' than EU on renewable energy targets
Portugal's government said it favoured more ambitious targets for renewable energy than those laid down by the European Union, which are for 32% of all power generation to be from renewable sources by 2030, saying that the country is working towards “higher values”.
LNG terminal to put Croatia on Europe's energy map
Ahead of a cabinet meeting on Thursday, Croatia's Environment Protection and Energy Minister, Tomislav Coric, said that he expected the Parliament to adopt today the bill on the construction of a floating liquefied natural gas (LNG) terminal, which he said is a strategically important project.
Coric added that the project would put Croatia on Europe's energy infrastructure map, while Tourism Minister, Gari Cappelli, ruled out any detrimental effects that the terminal might have for the tourist industry on the northern Adriatic island of Krk, where the terminal is to be built.
Upgrade will enable Greece to increase use of the renewable energy resources
The European Investment Bank (EIB) said on June 12 that the bank will support a €170 million electricity network investment programme by the Hellenic Electricity Distribution Network Operator (HEDNO), a subsidiary of the largest power provider in Greece, PPC.
The EIB and PPC signed on June 12 the second loan amounting to €45 million within the total loan facility of €85 million, the EIB said, adding that the bank will finance 50% of the new scheme that will reinforce and modernise electricity distribution across the Greek mainland and islands and enable the national network to better supply renewable energy.
Sound Energy Plans Plant & Pipeline to Tap into Eastern Morocco Gas
UK company, Sound Energy, is planning a gas plant and pipeline to commercialize gas it discovered in eastern Morocco.
The Moroccan focused upstream gas company said in a statement it signed a “heads of terms with a consortium comprising Enagas, Elecnor and Fomento for the front end engineering and design (“FEED”) and conditional construction and financing of all the infrastructure required, including a 20 inch pipeline and facilities, to commercialize the Company’s existing gas discovery in Eastern Morocco.”
TUNISIA SEEKING TO CLOSE RENEWABLE ENERGY GAP
On 15th May, 2018, Tunisia announced pre-qualification for two international calls to tender for the construction of five solar photovoltaic power plants (500MW) and three wind farms (500MW) on a build-own-operate (BOO) basis, representing an estimated total investment of €1bn. Less than a week before, the government had given the go-ahead to the building of ten power plants, totalling 70MW and €65M in investment.
Jordan is key player for Israel's 'energy' role
Jordan is a key player in Israel's energy equation in the region as it could either make or break the Jordan-Israeli gas sales and purchase agreement that is vital to Israel's success as a regional energy player, according to the director of hydrocarbons at the Paris-based Mediterranean Energy Observatory (OME).
Cyprus, Israel seek gas-sharing formula to unlock East Mediterranean energy hub
JERUSALEM/NICOSIA (Reuters) - An ownership squabble over Cyprus’ main natural gas field is threatening to delay multi-billion dollar plans to turn the eastern Mediterranean into a major energy hub.
Morocco, EU to Establish Twining Program in Support of Energy Sector
A seminar will be held, on Tuesday in Rabat, for the official launching of the Morocco-European Union (EU) twinning program, aimed at supporting Morocco's energy sector.
The 24-month twinning project (2018-2020), funded by the EU to the tune of 1,150,000 Euros, is part of the implementation of the program "Making a success of Advanced Status between Morocco and the EU," said a statement from the ministry of Energy, Mining and Sustainable Development.
Slight increase in France's energy consumption in 2017
According to the French Ministry for an Ecological and Solidary Transition, final energy consumption in France grew by nearly 1% in 2017, in a context of sustained economic growth. The rise of the domestic demand, combined with an increased use of fossil fuels for power generation (lower hydropower and nuclear generation), raised primary energy consumption and resulted in a rebound of energy-related CO2 emissions, contrasting with the decline observed since the mid-2000s.
Palestine? Israel sign energy agreement
After three years of negotiations? Palestine and Israel signed on Tuesday an agreement that would free the Palestinian energy sector from total Israeli control? according to the Palestinian Energy Authority? WAFA news agency reported.
NOBLE ENERGY VP: ISRAEL NATURAL-GAS MARKET EXPANDS, DEMAND CONTINUES TO GROW
This has been a great year for Noble Energy in Israel, said Bini Zomer, vice president of regional affairs, via a video interview on Sunday.
Speaking to the audience of the Jerusalem Post Annual Conference in New York, Zomer said Noble Energy has seen increased demand in the last 12 months.
Liquid gas, the future of energy in Lebanon?
Liquefied petroleum gas could be a game changer for Lebanon’s environment and economy, say industry leaders, who congregated in Beirut this week for the Middle East LPG Regional Summit.
Jordan's PM inaugurates Qweirah solar energy statio
AMMAN — Prime Minister Hani Mulki on Thursday inaugurated the Qweirah solar energy station, the biggest photovoltaic energy station nationwide, with a capacity of 103 megawatts and a cost of $120 million financed by a grant from the Abu Dhabi Fund for Development (ADFD).
Mulki and Adel Hosani, director of the operations department in the government-owned ADFD, toured the station's facilities and listened to a briefing on the Aqaba station, whose production of electricity is sufficient to provide 51,000 residential units with their electricity needs, the Jordan News Agency, Petra, reported.
Capitalizing on Zohr, EU, Egypt Sign MoU on Strategic Energy Cooperation
The European Union and Egypt have signed a Memorandum of Understanding (MoU) for a strategic partnership on energy.
Egypt’s Electricity and Renewable Energy Minister Mohamed Shaker, Petroleum and Mineral Resources Minister Tarek al-Molla, and EU Climate Action and Energy Commissioner Miguel Arias Cañete signed the MoU during the latter’s official visit to Egypt on April 23.
Italian energy firm Eni to drill more for gas deposits off Cyprus coast
NICOSIA, Cyprus: Eni will proceed with more exploratory drilling south of Cyprus over the next 20 months, affirming a “strong engagement and commitment” in a hydrocarbons search off the east Mediterranean island nation, the Italian company’s chief executive said Wednesday.
Jordan Plans 30MW Battery To Aid Green Energy
Jordan is pressing ahead with its first electricity storage project to bolster its expansion in solar and wind generation.
The Middle Eastern kingdom expects to sign a contract for a 30-megawatt battery in the third quarter, according to Energy and Mineral Resources Minister Saleh Al Kharabsheh. The project, which was tendered last year, will help ensure the country has green electricity day and night, he said in an interview at the Energy Transition forum in Berlin.
SDX Energy Makes Major Gas Discovery in Morocco
SDX Energy’s latest discovery has exceeded expectations. The UK-based gas company announced on Friday, April 20, a new gas discovery at the LNB-1 onshore well on the Lalla Mimouna permit, estimated to contain “significantly more” resources than expected.
EU says Egypt key strategic partner in energy
The EU's climate and energy commissioner? Miguel Arias Canete? said Egypt is a key strategic partner in the energy field and that stability and prosperity are vital for Egypt and other countries in the region.
Jordan on path to achieve 25% renewable energy contribution by 2021
Renewable energy projects entail costs reaching up to JD180 million on the National Electric Power Company (NEPCO) to increase the capacity of the national grid, NEPCO Director General Abdel Fattah Daradkeh said on Sunday.