{"id":564256,"date":"2021-08-19T13:39:05","date_gmt":"2021-08-19T13:39:05","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/19\/sfe-lining-up-usd-2-5-bn-in-private-sector-investment-for-desalination-plants\/"},"modified":"2021-08-19T13:39:05","modified_gmt":"2021-08-19T13:39:05","slug":"sfe-lining-up-usd-2-5-bn-in-private-sector-investment-for-desalination-plants","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/19\/sfe-lining-up-usd-2-5-bn-in-private-sector-investment-for-desalination-plants\/","title":{"rendered":"SFE lining up USD 2.5 bn in private-sector investment for desalination plants"},"content":{"rendered":"

<\/a> SMART POLICY- The Sovereign Fund of Egypt (SFE) is looking to do with desalination <\/strong>what Egypt did last decade with electricity and natural gas<\/strong> as it seeks private-sector partners to build and run 17 new desalination plants at an aggregate cost of about USD 2.5 bn. The news comes as \u201cthe country tries to tackle looming water scarcity,\u201d Mirette Magdy writes for Bloomberg<\/a>.<\/p>\n

What\u2019s new here? <\/strong>Back in August of 2019, the government outlined a plan to build some 39<\/a>desalination plants<\/a> at a cost of perhaps EGP 30 bn. Some 16 of the facilities were initially to be on the fast track and set to come online in 2020 \u2014 but that was before covid-19 hit. The Bloomberg story quotes SFE boss Ayman Soliman as saying Egypt will look to use renewable energy to power the 17 plants for which it is lining up investment. The SFE is aiming to take a minority stake in each of the 17 plants, explaining \u201cEgypt is keen to build a sustainable technology base to control its destiny when it comes to water security.\u201d<\/p>\n

How much capacity are we talking about here? <\/strong>Soliman said the plants will produce a combined 2.8 mn cubic meters of water per day by 2025 \u2014 part of a plan to add capacity of 6.4 mn cubic meters a day by 2050.<\/p>\n

Dive deeper into Egypt\u2019s plan to ensure water security <\/strong>in Hardhat<\/a>.<\/p>\n

Advisors:<\/strong> EBRD and the IFC will give technical support and advise on the bidding, Bloomberg reports, noting that Soliman suggested \u201cseveral investors\u201d have already expressed interest in the plants.<\/p>\n","protected":false},"excerpt":{"rendered":"

SMART POLICY- The Sovereign Fund of Egypt (SFE) is looking to do with desalination what Egypt did last decade with electricity and natural gas as it seeks private-sector partners to build and run 17 new desalination plants at an aggregate cost of about USD 2.5 bn. The news comes as \u201cthe country tries to tackle […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[10056],"tags":[633,7111,370,364],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-564256","post","type-post","status-publish","format-standard","hentry","category-speed-round-infrastructure","tag-enterprisepm","tag-infrastructure","tag-sovereign-fund-of-egypt","tag-water","wpautop","entry"],"acf":{"mongo_id":"a70db4f1-664a-4a7b-ad25-022b8b2d3e1d","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[564253],"teaser":"","voice_url":""},"yoast_head":"\nSFE lining up USD 2.5 bn in private-sector investment for desalination plants - 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\/2021\/08\/19\/sfe-lining-up-usd-2-5-bn-in-private-sector-investment-for-desalination-plants\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SFE lining up USD 2.5 bn in private-sector investment for desalination plants\" \/>\n<meta property=\"og:description\" content=\"SMART POLICY- The Sovereign Fund of Egypt (SFE) is looking to do with desalination what Egypt did last decade with electricity and natural gas as it seeks private-sector partners to build and run 17 new desalination plants at an aggregate cost of about USD 2.5 bn. 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