{"id":571336,"date":"2020-05-07T04:00:42","date_gmt":"2020-05-07T04:00:42","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/07\/midelec-to-borrow-eur-30-mn-to-boost-power-to-midor-refinery\/"},"modified":"2020-05-07T04:00:42","modified_gmt":"2020-05-07T04:00:42","slug":"midelec-to-borrow-eur-30-mn-to-boost-power-to-midor-refinery","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/07\/midelec-to-borrow-eur-30-mn-to-boost-power-to-midor-refinery\/","title":{"rendered":"MidElec to borrow EUR 30 mn to boost power to Midor refinery"},"content":{"rendered":"

Midor\u2019s electricity company, MidElec, has signed a EUR 30 mn loan agreement with a consortium of four banks to increase the capacity of its power plant which supplies the company\u2019s oil refinery<\/a>, Al Mal reports<\/a>, citing informed sources. The company will borrow EUR 12 mn from both the National Bank of Egypt and Credit Agricole, EUR 3 mn from the Suez Canal Bank, and EUR 3 mn from Faisal Islamic Bank. The loan has a nine-year repayment term.<\/p>\n","protected":false},"excerpt":{"rendered":"

Midor\u2019s electricity company, MidElec, has signed a EUR 30 mn loan agreement with a consortium of four banks to increase the capacity of its power plant which supplies the company\u2019s oil refinery, Al Mal reports, citing informed sources. The company will borrow EUR 12 mn from both the National Bank of Egypt and Credit Agricole, […]<\/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":[9298],"tags":[2372,205,72,3646,4459,248,1164],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-571336","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-credit-agricole","tag-enterpriseam","tag-faisal-islamic-bank","tag-midor","tag-national-bank-of-egypt","tag-suez-canal-bank","wpautop","entry"],"acf":{"mongo_id":"2a2fd71a-6f9c-4b47-9236-7cc943e2f524","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[571310],"teaser":"","voice_url":""},"yoast_head":"\nMidElec to borrow EUR 30 mn to boost power to Midor refinery - 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\/2020\/05\/07\/midelec-to-borrow-eur-30-mn-to-boost-power-to-midor-refinery\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MidElec to borrow EUR 30 mn to boost power to Midor refinery\" \/>\n<meta property=\"og:description\" content=\"Midor\u2019s electricity company, MidElec, has signed a EUR 30 mn loan agreement with a consortium of four banks to increase the capacity of its power plant which supplies the company\u2019s oil refinery, Al Mal reports, citing informed sources. The company will borrow EUR 12 mn from both the National Bank of Egypt and Credit Agricole, […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/07\/midelec-to-borrow-eur-30-mn-to-boost-power-to-midor-refinery\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-07T04:00:42+00:00\" \/>\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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/07\/midelec-to-borrow-eur-30-mn-to-boost-power-to-midor-refinery\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/07\/midelec-to-borrow-eur-30-mn-to-boost-power-to-midor-refinery\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"MidElec to borrow EUR 30 mn to boost power to Midor refinery\",\"datePublished\":\"2020-05-07T04:00:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/07\/midelec-to-borrow-eur-30-mn-to-boost-power-to-midor-refinery\/\"},\"wordCount\":87,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"Credit Agricole\",\"EnterpriseAM\",\"Faisal Islamic Bank\",\"MIDOR\",\"National Bank of Egypt\",\"Suez Canal Bank\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/07\/midelec-to-borrow-eur-30-mn-to-boost-power-to-midor-refinery\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/07\/midelec-to-borrow-eur-30-mn-to-boost-power-to-midor-refinery\/\",\"name\":\"MidElec to borrow EUR 30 mn to boost power to Midor refinery - 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The plant provides electricity to the Midor, Amreya, and\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":626945,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/16\/midor-looks-to-afreximbank-adib-for-usd-200-mn-loan-to-finance-refinery-expansions\/","url_meta":{"origin":571336,"position":2},"title":"MIDOR looks to Afreximbank, ADIB for USD 200 mn loan to finance refinery expansions","author":"enterpriseam admin","date":"16 July 2018","format":false,"excerpt":"MIDOR looks to Afreximbank, ADIB for USD 200 mn loan to finance refinery expansions: The state-owned MIDOR is reportedly in talks with the African Export-Import Bank (Afreximbank) and Abu Dhabi Islamic Bank (ADIB) for a USD 200 mn loan to help finance expansion plans at the company\u2019s refinery, banking sources\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":628289,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/28\/sca-denies-seeking-eur-300-mn-from-gulf-banks-to-finance-dredger-purchase\/","url_meta":{"origin":571336,"position":3},"title":"SCA denies seeking EUR 300 mn from Gulf banks to finance dredger purchase","author":"enterpriseam admin","date":"28 June 2018","format":false,"excerpt":"The Suez Canal Authority (SCA) denied reports that it\u2019s looking for a EUR 300 mn loan from the Gulf to purchase two dredgers, SCA spokesperson Tarek Hassanein said yesterday, Ahram Online reports. 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