Edison - EDF GROUP

18 April 2018
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EDISON has been present in Egypt since the mid-1990s, actively participating in the Oil and Gas exploration and production sector through its affiliate, EDISON International Spa. 

EDISON has long been committed to the Egyptian economy, adding to its portfolio 9 new concessions, in 2014, with total acreage more than 14,000 sq.km, of which, 7 are operated by EDISON, with total investments of more than US$ 3.5 billion.
Being an operator in 3 exploration blocks in the East Mediterranean; EDISON has consolidated its dominant position in this new exploration area with a world-class gas potential confirmed by the recently announced giant gas discovery of Zohr in Egypt.
In 2009, EDISON reconsolidated its position in the gas sector by acquiring the Abu Qir concession, for US$ 1.4 billion and added additional new exploration licenses. EDISON has doubled the hydrocarbon production in the area, thanks to an aggressive investment plan. The last of these investments, is the North Abu Qir Platform III that has come on stream in Q2 2017, increasing its overall natural gas output by circa 20%.
Today, EDISON owns 2 production leases and 7 exploration licenses distributed in all the proven petroleum provinces in Egypt (i.e. Nile Delta, East Mediterranean offshore, Western Desert and Gulf of Suez) confirming its strong commitment and confidence in Egypt.

Late 2016, EDISON established a new Egyptian entity, "EDISON Egypt Energy Service" to act as the local development arm for EDF Group "the world energy leader and holder of 99.483% of EDISON shares, since 2012".

Under EDF's strategy "CAP 2030", Egypt has been identified as a strategic country for the group development in carbon-free energy, evidenced by the cooperation agreements signed with Egyptian partners for the development of wind power, solar energy, and energy services.
In addition, EDISON is currently working with a local partner to develop a 200MW combined cycle power plant in vicinity to its Abu Qir onshore receiving gas terminal. This plant is leveraging EDISON's expertise as well as the ongoing liberalization of Egypt's electricity and gas sectors. Once completed, this will be the first merchant power plant in Egypt.
Further, EDISON/EDF is very familiar with the Egyptian Electricity sector as it has co-built the new power plants in Suez and Port Said, and was part of the group that developed the Sidi Krir 3 & 4 phases

 

EDISON has expanded its investments in Egypt in the field of energy through 2016 by establishing a new company in the field of energy conservation services by introducing a new technology worth $ 2 million .the Company has huge plans to expand in the field of renewable energy resources as well.

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