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Tag: Zarou
Cabinet

Blackstone Group’s Zarou to invest $1 bn in energy projects in Egypt this year

Posted: August 16, 2020 at 11:53 am   /   Electricity & Power

Blackstone Group’s Zarou is looking to invest $1 billion in the Egyptian market in 2020, the company’s CEO, Sameh Shenouda, revealed. The company has managed and injected investments into several water, electricity, as well as oil and gas projects, Shenouda added in a cabinet statement on Thursday. Moreover, the Egyptian government is cooperating with Zarou in […]

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Siemens Burullus-Power-Plant

Actis, Engie, Datang are all in running for stake in Egypt’s Siemens plants

Posted: November 15, 2019 at 2:42 pm   /   Electricity & Power

More details on potential investors in Egypt’s Siemens combined-cycle power plants: Actis, France’s Engie, and China Datang Overseas Investment are all competing alongside Blackstone’s Zarou to acquire a stake in the Siemens / Orascom Construction / Elsewedy Electric combined-cycle power plants, according to Bloomberg. Sources in the Electricity Ministry had said earlier this week that […]

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Electricity-power-plant

Zarou is reportedly leading the race for a stake in Siemens power plants

Posted: November 13, 2019 at 3:23 pm   /   Electricity & Power

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 […]

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Siemens

Egypt mulls offers from Zarou, Edra to take over Siemens Power Plants

Posted: May 28, 2019 at 4:38 pm   /   Electricity & Power

Egypt is considering offers from a Blackstone Group unit and Edra Power Holdings Sdn Bhd of Malaysia to take over three power plants co-built by Siemens AG — a move that could cut the North African nation’s debts while bringing in much-needed foreign investment. Both Blackstone’s Zarou Ltd. and Edra have voiced interest in the […]

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Zarou

Blackstone launches new MENA focused Energy Development Company

Posted: October 9, 2018 at 3:48 pm   /   Oil & Gas, Renewables

Private Equity Funds managed by Blackstone today announced a partnership with an experienced management team, led by Sameh Shenouda, the former Head of Infrastructure Equity Investments at CDC Group, the UK government-owned Development Finance Institution (DFI) , to create Zarou, a company fully owned by Blackstone.  Zarou will develop, finance, construct and operate energy-related projects […]

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