Egypt in talks with investors, traders to develop EuroAfrica electricity link
SFE in talks with investors, energy traders to develop EuroAfrica electricity link: The Sovereign Fund of Egypt (SFE) has opened talks with European infrastructure investors and energy traders to join it in investing in the EuroAfrica transmission link and import electricity from Egypt, CEO Ayman Soliman tells Bloomberg. Egypt signed on to the USD 4 […]
HSBC frontrunner to advise Sovereign Fund on Siemens plant stake sale
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 […]
Zarou is reportedly leading the race for a stake in Siemens power plants
Zarou is the top contender for stake in Siemens power plants: Blackstone Group’s Zarou is reportedly the frontrunner out of six investors looking to acquire a stake in the Siemens / Orascom Construction / Elsewedy combined-cycle power plants, unnamed Electricity Ministry sources tell Al Mal. The energy development company has reportedly submitted the best financial […]
Egypt’s sovereign wealth fund looks to acquire 30% stake in Siemens plants
Egypt’s new sovereign wealth fund could take a 30% stake in Siemens-OC-Elsewedy power plants and place the rest with international investors. Sovereign wealth fund is looking to acquire a 30% stake in the Siemens / OC / Elsewedy power plants, the fund’s boss says, positioning the SWF’s interest in the three combined-cycle power plants in […]
