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HSBC frontrunner to advise Sovereign Fund on Siemens plant stake sale

Posted: January 27, 2020 at 5:03 pm   /   Electricity & Power

Sovereign fund to tap HSBC as advisor on combined-cycle plant stake sale? HSBC is reportedly the frontrunner to advise the Sovereign Fund of Egypt on the sale of a 70% stake in the first of three Siemens / Elsewedy Electric / Orascom Construction combined-cycle power plants, Hapi Journal reports. Previous domestic press reports had indicated […]

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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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Bloomberg: HSBC said to take loss on Petroceltic loan as pain hits

Posted: March 23, 2016 at 12:34 pm   /   Oil & Gas

Banks said to sell Petroceltic loans for about 70% discount. European banks facing losses on loans to E&P energy companies. HSBC Holdings Plc is discovering the oil crash extends far beyond the deserts of the Gulf, the plains of west Texas and the shale fields of North Dakota. Even a small energy company in Dublin […]

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