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Tag: Deutsche Bank

GE secures financial closure to build four substations connecting 7 GW to Egypt's national power grid

Posted: September 13, 2017 at 12:32 pm   /   Electricity & Power

The four substations will connect 6.5 million homes to the national grid. General Electric announced that it has reached financial closure for the contract worth approximately $250m signed with the Egyptian Electricity Transmission Company (EETC), according to press statement on Monday. The statement said that the project is financed by Deutsche Bank AG and HSBC […]

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Financing signed for two combined cycle gas plants

Posted: April 15, 2016 at 6:16 pm   /   Electricity & Power

Deutsche Bank, HSBC and KfW Ipex-Bank have concluded the financing for two more combined cycle (COGAS) power plants in Egypt. The Burullus and New Capital projects are in addition to the Beni Suef 4400MW combined cycle power plant which won a €1.2bn financing in November. The financing amounts to a combined €3.5bn, more or less […]

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