Egypt nears deal to secure €200 M for new line
Egypt is close to finalising a deal with the European Union and the EBRD to secure €200 million funding to launch a 198 km transmission line in the Gebel El Zeit area.
Lebanon signs power deal with Jordan
Lebanon, Beirut: Lebanon signed an agreement on 26 January to import electricity from Jordan via Syria.
Bulgaria’s CEZ Distribution signs $1.8 M transformers supply deal
Power utility CEZ Distribution Bulgaria signed a $1.8 M deal with local electric equipment supplier Emi Electric for the delivery of metering transformers.
GE wins EU approval for its $14 billion Alstom deal
Belgium, Brussels: General Electric has won EU approval for its €12.4 billion ($13.9 billion) acquisition of Alstom’s power business after agreeing to sell some of the French company’s turbine assets to Italian rival Ansaldo Energia.