{"id":547016,"date":"2022-06-06T04:08:48","date_gmt":"2022-06-06T04:08:48","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/06\/elsewedy-electric-targets-usd-1-5-bn-investment-in-african-renewables\/"},"modified":"2022-06-06T04:08:48","modified_gmt":"2022-06-06T04:08:48","slug":"elsewedy-electric-targets-usd-1-5-bn-investment-in-african-renewables","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/06\/elsewedy-electric-targets-usd-1-5-bn-investment-in-african-renewables\/","title":{"rendered":"Elsewedy Electric targets USD 1.5 bn investment in African renewables"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>Elsewedy <\/strong><strong>Electric could invest as much as USD 1.5 bn in three renewable energy <\/strong><strong>projects <\/strong><strong>in<\/strong><strong> Africa before the end of the year<\/strong>, CEO Ahmed Elsewedy told us, confirming reports by <a href=\"https:\/\/bit.ly\/3tg69wi\">Hapi Journal<\/a>.<\/p>\n<p><strong>Nothing is set in stone: <\/strong>Elsewedy cautioned that the group\u2019s future plans are still under consideration, adding that no commitments have yet been signed. The push comes as part of a wider plan to launch renewable projects in as many as 10 African countries.<\/p>\n<p><strong>The company has a number of green projects in Egypt in the pipeline. <\/strong>It is:<\/p>\n<ul>\n<li>Working with the government to build 28 <strong>EV charging stations in Sharm El Sheikh<\/strong> ahead of the COP27 summit in November;<\/li>\n<li>Studying the establishment of a USD 400 mn, 300-MW <strong>solar energy project in the new Ain Sokhna economic zone<\/strong>, which it could take on solo or work on as part of a consortium;<\/li>\n<li>Collaborating with the government on a <strong>EGP 1 bn factory to produce water-saving sprinklers<\/strong>, localizing a product that is usually imported. The factory should come online in July.<\/li>\n<\/ul>\n<p><strong>Regional expansion ahead: <\/strong>The company is investing an undisclosed amount to expand in Egypt, the Gulf, Africa, Latin America, Pakistan, and Indonesia, and is working to up capacity at its existing cable factories, Elsewedy <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f95a48e2-a49a-4837-836b-71c766b6414c\">told us recently<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Elsewedy Electric could invest as much as USD 1.5 bn in three renewable energy projects in Africa before the end of the year, CEO Ahmed Elsewedy told us, confirming reports by Hapi Journal. Nothing is set in stone: Elsewedy cautioned that the group\u2019s future plans are still under consideration, adding that no commitments have yet [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":547017,"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":[7272],"tags":[152,93,72,125,151],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-547016","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-elsewedy-electric","tag-energy","tag-enterpriseam","tag-investment-watch","tag-renewables","wpautop","entry"],"acf":{"mongo_id":"5be0efda-2d58-4c27-ba6b-294206b1906b","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/6\/155.jpg","photo_position":"above","related_issue":[547004],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Elsewedy Electric targets USD 1.5 bn investment in African renewables - 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\/06\/06\/elsewedy-electric-targets-usd-1-5-bn-investment-in-african-renewables\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Elsewedy Electric targets USD 1.5 bn investment in African renewables\" \/>\n<meta property=\"og:description\" content=\"Elsewedy Electric could invest as much as USD 1.5 bn in three renewable energy projects in Africa before the end of the year, CEO Ahmed Elsewedy told us, confirming reports by Hapi Journal. Nothing is set in stone: Elsewedy cautioned that the group\u2019s future plans are still under consideration, adding that no commitments have yet [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/06\/elsewedy-electric-targets-usd-1-5-bn-investment-in-african-renewables\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-06T04:08:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/6\/155.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/06\/elsewedy-electric-targets-usd-1-5-bn-investment-in-african-renewables\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/06\/elsewedy-electric-targets-usd-1-5-bn-investment-in-african-renewables\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Elsewedy Electric targets USD 1.5 bn investment in African renewables\",\"datePublished\":\"2022-06-06T04:08:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/06\/elsewedy-electric-targets-usd-1-5-bn-investment-in-african-renewables\/\"},\"wordCount\":216,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/06\/elsewedy-electric-targets-usd-1-5-bn-investment-in-african-renewables\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/6\/155.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Elsewedy Electric\",\"energy\",\"EnterpriseAM\",\"investment watch\",\"renewables\"],\"articleSection\":[\"Investment Watch\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/06\/elsewedy-electric-targets-usd-1-5-bn-investment-in-african-renewables\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/06\/elsewedy-electric-targets-usd-1-5-bn-investment-in-african-renewables\/\",\"name\":\"Elsewedy Electric targets USD 1.5 bn investment in African renewables - 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USD 150 mn loan from the International Finance Corporation (IFC) to acquire renewable energy plants outside of Egypt, company VP and CFO Sherif Elzeiny told CNBC Arabia in an interview (watch, runtime: 4:00). \u201cThe funds will also be used to support projects related to sustainability\u2026\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","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":[]},{"id":570821,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/15\/your-top-5-infrastructure-stories-of-the-week-2\/","url_meta":{"origin":547016,"position":1},"title":"Your top 5 infrastructure stories of the week","author":"enterpriseam admin","date":"15 April 2020","format":false,"excerpt":"Your top 5 infrastructure news of the week: Foreign investment: Russian companies are planning to invest a combined USD 1.5 bn in railway infrastructure, agriculture, automobile manufacturing and shipbuilding in Egypt this year.Gas: Power Transmission & Distribution, a subsidiary of Indian energy company Larsen & Toubro, was awarded a contract\u2026","rel":"","context":"In \"El Wady for Phosphate Industries and Fertilizers\"","block_context":{"text":"El Wady for Phosphate Industries and Fertilizers","link":"https:\/\/enterpriseam.com\/egypt\/tag\/el-wady-for-phosphate-industries-and-fertilizers\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":634579,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/18\/marubeni-teams-up-with-masdar-elsewedy-to-invest-usd-900-mn-in-egyptian-wind-parks\/","url_meta":{"origin":547016,"position":2},"title":"Marubeni teams up with Masdar, Elsewedy to invest USD 900 mn in Egyptian wind parks","author":"enterpriseam admin","date":"18 January 2018","format":false,"excerpt":"INVESTMENT WATCH- Marubeni teams up with Masdar, Elsewedy to invest USD 900 mn in Egyptian wind parks: Japan\u2019s Marubeni Corp. signed an agreement with Abu Dhabi Future Energy Co. (Masdar) and Egypt\u2019s Elsewedy Electric that will see it invest USD 900 mn in wind parks in Egypt, Bloomberg reports. The\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599037,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/17\/elsewedy-electric-acquires-share-capital-of-four-greek-renewable-energy-companies-for-eur-55-mn\/","url_meta":{"origin":547016,"position":3},"title":"Elsewedy Electric acquires share capital of four Greek renewable energy companies for EUR 55 mn","author":"enterpriseam admin","date":"17 June 2019","format":false,"excerpt":"M&A WATCH- Elsewedy Electric looking to acquire four Greek renewable energy outfits in EUR 55 mn transaction: Elsewedy Electric has entered into a EUR 55 mn agreement to acquire three wind assets and one hydroelectric company from Greece\u2019s R.F. Energy. All four assets are in Greece, Elsewedy said in a\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/181.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577303,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/17\/a-lot-of-renewables-a-lot-of-investment-to-drum-up\/","url_meta":{"origin":547016,"position":4},"title":"A lot of renewables = a lot of investment to drum up","author":"enterpriseam admin","date":"17 November 2022","format":false,"excerpt":"Initial agreements for green hydrogen and wind power projects worth up to USD 119 bn have been signed during COP27, according to figures published in a cabinet statement yesterday. The 28 GW worth of wind power Egypt has lined up will cost some USD 34 bn to put in place,\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/272.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":547706,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/04\/fab-europe-arab-bank-to-contribute-to-elsewedys-usd-150-mn-ifc-loan\/","url_meta":{"origin":547016,"position":5},"title":"FAB + Europe Arab Bank to contribute to Elsewedy\u2019s USD 150 mn IFC loan","author":"enterpriseam admin","date":"4 July 2022","format":false,"excerpt":"More details on the IFC\u2019s USD 150 mn loan to Elsewedy Electric: First Abu Dhabi Bank and Europe Arab Bank are participating in the USD 150 mn loan from the International Finance Corporation (IFC) to Elsewedy Electric, the IFC said in a statement (pdf) last week. Elsewedy will mainly direct\u2026","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"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\/547016","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=547016"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/547016\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/547004"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/547017"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=547016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=547016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=547016"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=547016"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=547016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}