{"id":545027,"date":"2022-03-31T04:00:49","date_gmt":"2022-03-31T04:00:49","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/31\/offers-roll-in-for-the-management-of-ev-charging-station-company\/"},"modified":"2022-03-31T04:00:49","modified_gmt":"2022-03-31T04:00:49","slug":"offers-roll-in-for-the-management-of-ev-charging-station-company","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/31\/offers-roll-in-for-the-management-of-ev-charging-station-company\/","title":{"rendered":"Offers roll in for the management of EV charging station company"},"content":{"rendered":"

Fourteen firms are vying to manage the state\u2019s planned <\/strong>EV charging firm<\/strong>, Al Mal<\/a> quoted Public Enterprises Minister Hisham Tawfik as saying. Bidding for the project closed at the end of last week.<\/p>\n

Who\u2019s bidding? <\/strong>Our friends at renewable energy giant Infinity have submitted an offer, a company representative confirmed to Enterprise. A consortium of MB Engineering EV charging subsidiary Sha7en<\/a> (which recently signed an agreement<\/a> to manage and operate 30 EV charging stations owned by defunct Revolta Egypt) and an unnamed French company is also in the running, Al Mal claims, citing unnamed sources. Saudi\u2019s AlSharif Group and an unnamed Emirati firm have also submitted bids, the local outlet reports.<\/p>\n

What they\u2019re signing up for:<\/strong> The private sector partner selected to manage and operate the company will be locked in with a medium-term contract for its services, in exchange for a portion of the company\u2019s net income. The operator will also be required<\/a> to put up 25% of the JV\u2019s capital. The company will set up 3k charging stations within 18 months around the country including in Greater Cairo, Alexandria and Sharm El Sheikh.<\/p>\n

The company will be majority-owned by the private sector:<\/strong> Another 30% of the company will be offered to private sector firms, in addition to the 25% stake owned by the operator.<\/p>\n

SFE, El Nasr + other state entities to split the remainder:<\/strong> The Sovereign Fund of Egypt, the Public Enterprises Ministry (via El Nasr Auto) and two other state entities will share the remaining 45% of the company, according to Al Mal. Each stakeholder will put up a corresponding portion of the venture\u2019s initial EGP 150 mn capital, with another EGP 300 mn to be raised from local banks.<\/p>\n

What\u2019s next? <\/strong>The Public Enterprises Ministry is examining the offers. It will give priority to firms that have experience managing similar projects.<\/p>\n","protected":false},"excerpt":{"rendered":"

Fourteen firms are vying to manage the state\u2019s planned EV charging firm, Al Mal quoted Public Enterprises Minister Hisham Tawfik as saying. Bidding for the project closed at the end of last week. Who\u2019s bidding? Our friends at renewable energy giant Infinity have submitted an offer, a company representative confirmed to Enterprise. A consortium of […]<\/p>\n","protected":false},"author":1,"featured_media":545028,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7339],"tags":[144,72,356,246,153,79],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-545027","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-automotive","tag-automotive","tag-enterpriseam","tag-evs","tag-green-economy","tag-hisham-tawfik","tag-public-enterprises-ministry","wpautop","entry"],"acf":{"mongo_id":"5c04d6ac-05ff-45f6-b794-0194678c8093","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/3\/714.jpg","photo_position":"above","related_issue":[545015],"teaser":"","voice_url":""},"yoast_head":"\nOffers roll in for the management of EV charging station company - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/31\/offers-roll-in-for-the-management-of-ev-charging-station-company\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Offers roll in for the management of EV charging station company\" \/>\n<meta property=\"og:description\" content=\"Fourteen firms are vying to manage the state\u2019s planned EV charging firm, Al Mal quoted Public Enterprises Minister Hisham Tawfik as saying. 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Infinity now has a total of 20 charging points in Shebin El Kom, Mansoura, and Damietta, the company said,\u2026","rel":"","context":"In "Automotive"","block_context":{"text":"Automotive","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/automotive\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/320.jpeg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":559328,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/18\/charge-it-up\/","url_meta":{"origin":545027,"position":4},"title":"Charge it up","author":"enterpriseam admin","date":"18 January 2021","format":false,"excerpt":"Planning to buy an EV? You should have access to 3k charging stations within three years as the government continues to encourage a move towards electric and natural gaspowered vehicles, El Watan reports, citing unnamed sources in the know. The plans also include the establishment of electric vehicle parking and\u2026","rel":"","context":"In "INFRASTRUCTURE WATCH"","block_context":{"text":"INFRASTRUCTURE WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/infrastructure-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/1\/206.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":544700,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/16\/govt-releases-planned-ownership-structure-of-new-private-public-ev-charging-stations-company\/","url_meta":{"origin":545027,"position":5},"title":"Gov\u2019t releases planned ownership structure of new private-public EV charging stations company","author":"enterpriseam admin","date":"16 March 2022","format":false,"excerpt":"More details on the EV charging station company PPP: The private sector partners in the soon-to-be-established company for EV charging stations will hold a 55% stake (including a 25% stake for the operating and managing firm), Masrawy quoted Public Enterprises Minister Hisham Tawfik as saying. The remaining 45% will be\u2026","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/545027","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=545027"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/545027\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/545015"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/545028"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=545027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=545027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=545027"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=545027"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=545027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}