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Tuesday, 1 December 2020

Also on our radar on 1 December 2020

Who said that Egypt’s renewables sector is (temporarily) on hold? Al Nowais is pushing ahead with its plans to build a 500-MW wind plant in Ras Ghareb and hopes award a construction contract in the first half of next year, the local press reports. Sources said that the Emirati firm is in talks with Siemens-Gamesa, Vestas and a third international company for the project, which it hopes to start bringing online in the second half of 2023.

Other things we’re keeping an eye on this morning:

  • A consortium of Elsewedy Electric and Toyota Tsusho has signed a EGP 1.46 bn contract (pdf) with the North Cairo Electricity Distribution Company to supply and install smart electricity meters.
  • Technip has broken ground on the new USD 1 bn hydrocracking complex it is building for the Assiut Oil Refining Company.
  • Orascom Development Egypt signed with Telecom Egypt to develop Makadi Heights’ IT and communications infrastructure.
  • The National Telecommunications Regulatory Authority has launched a portal for licensing and import services, covering permits, licenses and customs clearance procedures.

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