Hi Energy Department to Update Electric Motor Efficiency Standards:

Hi Energy Department to Update Electric Motor Efficiency Standards:

Beginning in mid-2016, an updated standard established in 2014 by the U.S. Department of Energy (DOE) for electric motors will increase the minimum efficiency of new motors.

The updated electric motor standards apply the standards currently in place to a wider scope of electric motors. DOE's analyses estimate lifetime savings for electric motors purchased over the 30-year period that begins in the year of compliance with new and amended standards (2016-45) to be 7.0 quadrillion British thermal units (Btu). The annualized energy savings—0.23 quadrillion Btu—is equivalent to 1% of total U.S. industrial primary electricity consumption in 2013.

Legislation has increased the federal minimum motor efficiencies requirements over the past two decades, covering motors both manufactured and imported for sale in the United States. The Energy Policy Act of 1992 (EPAct) set minimum efficiency levels for all motors up to 200 horsepower (hp) purchased after October 1997. The U.S. Energy Independence and Security Act (EISA) of 2007 updated the EPAct standards starting December 2010, including 201-500 hp motors. EISA assigns minimum, nominal, full-load efficiency ratings according to motor subtype and size.

The Energy Policy and Conservation Act of 1975 also requires DOE to establish the most stringent standards that are both technologically feasible and economically justifiable, and to periodically update these standards as technology and economics evolve.

Motors typically fail every 5 to 15 years, depending on the size of the motor, DOE says. When they fail they can either be replaced or repaired (rewound). When motors are rewound, their efficiencies typically diminish by a small amount. Large motors tend to be more efficient than small motors, and they tend to be used for more hours during the year. MotorMaster+ and MotorMaster+ International, distributed by the U.S. Department of Energy and developed by the Washington State University Cooperative Extension Energy Program in conjunction with the Bonneville Power Administration, are sources for cost and performance data on replacing and rewinding motors.

Hi Monthly Employment Pick! Sales Executive needed for Delta Insurance.

Hi Monthly Employment Pick! Sales Executive needed for Delta Insurance.

Delta Insurance is seeking a sales executive who is ready to work hard, and endures stress and pressure.

28.09.2014 | Cairo | Delta Insurance Co.

To apply for this vacancy, please visit: Link Here.

About the Job:

Urgently Required (Sales outdoor & indoor ) to work in insurance 

Company To Join the Best Sales Force in Egypt.

Salary: (Start 1600 L.E + commission 25 % + Medical and social 

Insurance).

Job Requirements:

- Hard work.

- Able to challenge.

- Gender: Male or Female.

- High Communication skills.

- Self motivated problem solving.

- Ready to work as part of one team.

- Working under stress and pressure.

- Commitment and attendance at work.

- Experience & Fresh Grads.

View Open Vacancies at Delta Insurance, Click Link Here.

Hi Newsletter Reader's Weekly Choice; Maximize Procurement Performance.

Hi Newsletter Reader's Weekly Choice; Maximize Procurement Performance.

According to Gartner research, companies that do not leverage Supplier Portals face higher procurement costs and reduced productivity. With increased pressure to enhance supplier management, isn't it time that you implemented a Supplier Portal? 

Download Amber Road's research brief, Maximize Supplier Collaboration and Procurement Performance, featuring research from Gartner, to learn how you can use Supplier Portals to:

• Provide effective and timely communications.

• Increase trading partner collaboration.

• Reduce supplier risk.

• Improve supply chain resilience.

Hi Daily News Egypt: International conference in Egypt requests hosting 50 world largest companies.

Hi Daily News Egypt: International conference in Egypt requests hosting 50 world largest companies:

Investment minister:

Minister of Investment Ashraf Salman revealed receiving a request from Philipp Rösler, executive director of World Economic Forum, to hold a conference in Egypt next 

December.

Minister of Investment Ashraf Salman revealed receiving a request from Philipp Rösler, executive director of World Economic Forum, to hold a conference in Egypt next December, The conference will include the heads of boards from the 50 largest companies worldwide to discuss investment opportunities in Egypt and the plans of economical and social reform.

“The government has a programme to protect serious investments and to create the climate to attract investments to Egypt,” said Salman. 

He added that he met with Ding Yun, president of products and solutions at Chinese tech firm Huawei Technologies.

The pair agreed to establish a free-zone system project that turns Egypt into a centre collecting and exporting Huawei products in the Middle East.

On the second day of the World Economic Forum, Salman said Mohamed Elmady, managing director of SABIC, would discuss the possibility of producing rebar and fertilisers in Egypt.

“The size of the Egyptian iron market is 8m tonnes annually” said Salman.

Elmady said the Egyptian market needs more integrated consulting firms for iron production, as the Egyptian market’s iron needs would reach 12m tonnes annually within the next 5 years.

In a statement released Friday, Salman said he held a roundtable meeting for the 10 largest Chinese companies in the field of energy, textile industry, construction and contracting, automotives industry, glass industry, iron and steel, shipping and cement. It was followed by an extended investment forum in the presence of about 150 representing 90 Chinese companies and economic figures.

“The government has a reform programme until 2020. It includes continuing subsidies restructuring and tax adjustments to increase the state’s resources and lower expenses, while developing incentive programmes to support economy,” said Salman.

“The government began a review of several economic legislation, with some modifications of existing laws, and added new legislation to facilitate the work of serious investors such as the bankruptcy law and the unified investment law and working to combat corruption in all its forms,” Salman said.

He continued by saying that around EGP 36bn of Suez Canal Project investment certificates have been covered in 5 days. With the initial output for certificates listed at EGP 60bn,the purchases so far reflect the confidence of the Egyptian people in the current leadership.

Salman said that a supplemental contract was signed aiming to develop an area of six square kilometres in the economic zone area northwest of the Gulf of Suez.

The contract stipulated that TEDA Investment company would develop the area on three stages by two square kilometres each stage and with $200bn investments in infrastructure and a total investment of roughly $3bn. The project will provide 40,000 direct jobs and targeted sales up to $15bn.

Salman invited Global Mining Co during a meeting with company’s Managing Director Gao Wei Kai, to visit Egypt. During the proposed visit, Gao would meet with the Minister of Electricity and become closely acquainted with the possibilities of the national grid for electricity and the possibility of upgrading its capabilities.

Salman added that the Egyptian government decided to allow the private sector to produce electricity through new and renewable energy projects.

“In the coming months, the private sector electricity purchase tariff will be announced,” Salman said. In the coming months, Egypt will witness a noticeable activity with respect to the launching of projects through public-private partnership (PPP) or through build operate transfer (BOT) projects.

Hi News Focus On Egypt; Egypt and Cyprus Agree on Joint Development of Natural Gas Resources.

Hi News Focus On Egypt; Egypt and Cyprus Agree on Joint Development of Natural Gas Resources.

Source: Gulfoilandgas.com - Articles 9/11/2014, Location: Africa.

President Abdel Fattah Al-Sisi has issued a presidential decree that ratifies the previously signed framework agreement between Egypt and Cyprus on the joint exploitation of hydrocarbon reserves, on the median lines between the two countries’ Exclusive Economic Zones (EZZ).

The initial framework agreement for the joint Development was signed in Cairo on December 12, 2013 by the Cypriot Energy Minister Giorgos Lakkotrypis during President Nicos Anastasiades’ official visit to the interim government of Egypt.

It is no secret that rapprochement between Cyprus and Egypt is highly opposed by Turkey and many of its allies. A joint development agreement was not made possible during the government of ousted president Morsi and the Muslim Brotherhood, due to Turkish pressure against such initiative.

Al-Sisi decision finally puts an end to the controversy over the utilization of the Cross-Median Line Hydrocarbon Resources between Egypt and Cyprus. The agreement between the two governments has significant implications for the peaceful development of natural gas resources in the Eastern Mediterranean.

Hi NEW'S; View all the latest natural gas news in Egypt "Click Here"

Hi: Business Recorder: Foreign investment in Egypt doubles to over $6 billion.

Hi: Business Recorder: Foreign investment in Egypt doubles to over $6 billion.

Egypt is aiming for foreign direct investment of $10 billion in 2014/15, as it seeks to attract investors by cutting bureaucracy.

CAIRO: Foreign direct investment into Egypt doubled to over $6 billion in the financial year that ended on June 30, Hassan Fahmy, head of Egypt's investment authority, told Reuters on Sunday.

Egypt's economy has been battered by more than three years of political turmoil since the 2011 uprising that toppled Hosni Mubarak. The government is walking a tightrope in trying to increase revenues and cut its deficit while luring investors and tourists spooked by the uncertainty buffeting the whole region.

After nine months of the 2013/14 fiscal year, FDI had stood at $4.4 billion. In the year ended June 2013, it totalled $3 billion almost $1 billion less than in the previous year.

Egypt is aiming for foreign direct investment of $10 billion in 2014/15, as it seeks to attract investors by cutting bureaucracy and facilitating business.