{"id":548347,"date":"2022-08-04T03:58:10","date_gmt":"2022-08-04T03:58:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/04\/bidding-is-still-open-for-the-ev-charging-private-sector-partner-with-a-reduced-stake\/"},"modified":"2022-08-04T03:58:10","modified_gmt":"2022-08-04T03:58:10","slug":"bidding-is-still-open-for-the-ev-charging-private-sector-partner-with-a-reduced-stake","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/04\/bidding-is-still-open-for-the-ev-charging-private-sector-partner-with-a-reduced-stake\/","title":{"rendered":"Bidding is still open for the EV charging private sector partner \u2014 with a reduced stake"},"content":{"rendered":"

<\/a> Private sector partners can still get in on the new state EV charging company: <\/strong> Qualifying bidders looking to manage and operate<\/a> the soon-to-be-established state company that will manage a network of electric vehicle charging stations now have until Wednesday, 31 August, to submit their offers, according to a Public Enterprise Ministry statement (pdf)<\/a>. Last we heard, bidding had closed<\/a> in March.<\/p>\n

Hassan Allam is on board: <\/strong>Hassan Allam Utilities, the investment and development arm of Hassan Allam Holding, is set to own 20% of the newly established firm, a source with first-hand knowledge of the situation told us, without disclosing what the company\u2019s role will be.<\/p>\n

The <\/strong>winning<\/strong> bidder won\u2019t hold as much of the company as previously planned: <\/strong>The firm selected to manage and operate the company will contribute 20% of its capital, rather than the 25% the ministry announced<\/a> earlier this year, a ministry source confirmed to Enterprise.<\/p>\n

And the private sector will no longer control the company:<\/strong> The ministry originally said that 30% of the company would be sold to a private investor, in addition to the 25% given to the winning bidder. But under the plans announced by the ministry yesterday, the Sovereign Fund of Egypt (SFE) and state-owned Misr Ins. Holding will each own a 30% stake in the firm. This would give the private sector \u2060\u2014 HA Utilities + the winning company \u2060\u2014 just 40% of the company between them.<\/p>\n

Who\u2019s bidding? <\/strong>Fourteen firms were reported to be vying for the contract back in March, including our friends at renewables giant Infinity.<\/p>\n

About the company: <\/strong>The EV charging station company will be tasked with setting up 3k charging stations within 18 months across the country, including in Greater Cairo, Alexandria, and Sharm El Sheikh.<\/p>\n","protected":false},"excerpt":{"rendered":"

Private sector partners can still get in on the new state EV charging company: Qualifying bidders looking to manage and operate the soon-to-be-established state company that will manage a network of electric vehicle charging stations now have until Wednesday, 31 August, to submit their offers, according to a Public Enterprise Ministry statement (pdf). Last we […]<\/p>\n","protected":false},"author":1,"featured_media":548348,"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":[144,72,356,890,207],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-548347","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-automotive","tag-automotive","tag-enterpriseam","tag-evs","tag-hassan-allam-holding","tag-transport","wpautop","entry"],"acf":{"mongo_id":"21e784be-7349-4e27-83df-6ad1cf203b93","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/8\/148.jpg","photo_position":"above","related_issue":[548338],"teaser":"","voice_url":""},"yoast_head":"\nBidding is still open for the EV charging private sector partner \u2014 with a reduced stake - 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\/08\/04\/bidding-is-still-open-for-the-ev-charging-private-sector-partner-with-a-reduced-stake\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bidding is still open for the EV charging private sector partner \u2014 with a reduced stake\" \/>\n<meta property=\"og:description\" content=\"Private sector partners can still get in on the new state EV charging company: Qualifying bidders looking to manage and operate the soon-to-be-established state company that will manage a network of electric vehicle charging stations now have until Wednesday, 31 August, to submit their offers, according to a Public Enterprise Ministry statement (pdf). 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Meanwhile, Orascom Investment Holding is eyeing a push into Moroccan renewables.Hassan Allam Holding and Emirati renewables player Masdar will invest some USD 10 bn\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/10\/300.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598871,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/11\/hassan-allam-acquires-controlling-stake-in-german-water-treatment-company\/","url_meta":{"origin":548347,"position":1},"title":"Hassan Allam acquires controlling stake in German water treatment company","author":"enterpriseam admin","date":"11 June 2019","format":false,"excerpt":"M&A WATCH- Hassan Allam buys majority stake in German water treatment company: Hassan Allam Holding B.V. has acquired a controlling stake in German water treatment firm Bioworks AG, the company announced in a statement (pdf). This is Hassan Allam\u2019s first European acquisition as it pushes ahead with an expansion into\u2026","rel":"","context":"In "Speed Round"","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":575758,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/26\/orascom-construction-hassan-allam-samcrete-to-invest-in-new-railways-company\/","url_meta":{"origin":548347,"position":2},"title":"Orascom Construction, Hassan Allam, Samcrete to invest in new railways company","author":"enterpriseam admin","date":"26 October 2020","format":false,"excerpt":"The private sector is getting involved in the government\u2019s move to locally produce railcars: Orascom Construction, Samcrete and Hassan Allam will hold stakes in the National Company for Railways Industries, a newly-established company that will produce, repair and renovate railway cars at the Suez Canal Economic Zone (SCZone), Al Mal\u2026","rel":"","context":"In "Speed Round"","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":563089,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/17\/ev-testing-starts-in-july\/","url_meta":{"origin":548347,"position":3},"title":"EV testing starts in July","author":"enterpriseam admin","date":"17 June 2021","format":false,"excerpt":"Egypt will start testing China\u2019s E70 EV cars next month ahead of launching an assembled-in-Egypt E70 in 2022: State-owned El Nasr Automotive has imported 13 E70 electric passenger cars from China and will begin testing them on Egyptian roads from the beginning of next month, the Public Enterprises Ministry 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\/2021\/6\/234.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":593050,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/17\/hassan-allam-signs-usd-20-mn-loan-with-ebrd-for-investments-in-egypts-water-wastewater-sector\/","url_meta":{"origin":548347,"position":4},"title":"Hassan Allam signs USD 20 mn loan with EBRD for investments in Egypt\u2019s water, wastewater sector","author":"enterpriseam admin","date":"17 November 2019","format":false,"excerpt":"Hassan Allam signs USD 20 mn loan with EBRD for water, wastewater investments: The European Bank for Reconstruction and Development (EBRD) and Hassan Allam Holding signed on Thursday a USD 20 mn loan agreement for the construction firm to expand its investments in Egypt\u2019s water and wastewater treatment sector, according\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/11\/1888.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":550336,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/24\/hassan-allam-latest-to-target-green-investment-in-morocco\/","url_meta":{"origin":548347,"position":5},"title":"Hassan Allam latest to target green investment in Morocco","author":"enterpriseam admin","date":"24 October 2022","format":false,"excerpt":"Hassan Allam eyes renewables, desalination projects in Morocco: Our friends at Hassan Allam Holding are mulling investing in renewable energy and desalination projects in Morocco, and could deploy an initial USD 50-150 mn within the next year, CEO Amr Allam told Bloomberg Asharq on the sidelines of the Africa Business\u2026","rel":"","context":"In "GREEN 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