{"id":572590,"date":"2020-06-30T04:28:07","date_gmt":"2020-06-30T04:28:07","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/electricity-holding-company-seeks-egp-20-bn-loan-from-state-owned-private-banks\/"},"modified":"2020-06-30T04:28:07","modified_gmt":"2020-06-30T04:28:07","slug":"electricity-holding-company-seeks-egp-20-bn-loan-from-state-owned-private-banks","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/electricity-holding-company-seeks-egp-20-bn-loan-from-state-owned-private-banks\/","title":{"rendered":"Electricity Holding Company seeks EGP 20 bn loan from state-owned, private banks"},"content":{"rendered":"

The Egyptian Electricity Holding Company is in talks with a consortium of undisclosed state-owned and private banks to secure a 3- to 5-year medium term loan of EGP 20 bn for its FY2020-2021 investment plans, Al Mal<\/a> reports, citing unnamed sources familiar with the matter. A final agreement for the loan should be signed by August at the latest. The company plans to invest EGP 32.4 bn in the coming fiscal year, including to increase the national electricity grid\u2019s capacity by 145 MW.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Egyptian Electricity Holding Company is in talks with a consortium of undisclosed state-owned and private banks to secure a 3- to 5-year medium term loan of EGP 20 bn for its FY2020-2021 investment plans, Al Mal reports, citing unnamed sources familiar with the matter. A final agreement for the loan should be signed by […]<\/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":[7207],"tags":[7106,1401,244,93,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-572590","post","type-post","status-publish","format-standard","hentry","category-energy","tag-debt","tag-egyptian-electricity-holding-company","tag-electricity","tag-energy","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"84e25374-8a5c-4ea2-aecb-0f1481f78ae6","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[572568],"teaser":"","voice_url":""},"yoast_head":"\nElectricity Holding Company seeks EGP 20 bn loan from state-owned, private banks - 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\/06\/30\/electricity-holding-company-seeks-egp-20-bn-loan-from-state-owned-private-banks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Electricity Holding Company seeks EGP 20 bn loan from state-owned, private banks\" \/>\n<meta property=\"og:description\" content=\"The Egyptian Electricity Holding Company is in talks with a consortium of undisclosed state-owned and private banks to secure a 3- to 5-year medium term loan of EGP 20 bn for its FY2020-2021 investment plans, Al Mal reports, citing unnamed sources familiar with the matter. A final agreement for the loan should be signed by […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/electricity-holding-company-seeks-egp-20-bn-loan-from-state-owned-private-banks\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-30T04:28:07+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\/06\/30\/electricity-holding-company-seeks-egp-20-bn-loan-from-state-owned-private-banks\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/electricity-holding-company-seeks-egp-20-bn-loan-from-state-owned-private-banks\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Electricity Holding Company seeks EGP 20 bn loan from state-owned, private banks\",\"datePublished\":\"2020-06-30T04:28:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/electricity-holding-company-seeks-egp-20-bn-loan-from-state-owned-private-banks\/\"},\"wordCount\":93,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"debt\",\"Egyptian Electricity Holding Company\",\"electricity\",\"energy\",\"EnterpriseAM\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/electricity-holding-company-seeks-egp-20-bn-loan-from-state-owned-private-banks\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/electricity-holding-company-seeks-egp-20-bn-loan-from-state-owned-private-banks\/\",\"name\":\"Electricity Holding Company seeks EGP 20 bn loan from state-owned, private banks - 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Competing companies include General Electric, Siemens, ABB, Schneider Electric and China\u2019s State Grid Corporation. The Egyptian Electricity Holding Company will finance\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":650016,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/14\/eg-bank-qnb-to-fund-21-of-electricity-holding-companys-egp-20-bn-loan\/","url_meta":{"origin":572590,"position":2},"title":"EG Bank, QNB to fund 21% of Electricity Holding Company\u2019s EGP 20 bn loan","author":"enterpriseam admin","date":"14 March 2017","format":false,"excerpt":"The Egyptian Gulf Bank (EG Bank) and Qatar National Bank (QNB) will fund 21% of a EGP 20 bn facility for the Egyptian Electricity Holding Company (EEHC), Al Mal reports. EG Bank will provide EGP 2.5 bn, QNB will contribute with EGP 1.7 bn. The National Bank of Egypt (NBE)\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":650572,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/27\/egpc-in-the-market-for-an-egp-10-bn-loan\/","url_meta":{"origin":572590,"position":3},"title":"EGPC in the market for an EGP 10 bn loan","author":"enterpriseam admin","date":"27 March 2017","format":false,"excerpt":"The Egyptian General Petroleum Company (EGPC) is negotiating for a EGP 10 bn loan with a banking consortium led by CIB to finance oil imports, Al Mal reports. Four-to-five private banks are funding the facility that is expected to carry a tenor of five-to-eight years, unnamed sources said. The sources\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":652393,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/08\/egyptian-electricity-holding-company-signs-loan-agreement-with-nbe-to-pay-dues-to-egpc\/","url_meta":{"origin":572590,"position":4},"title":"Egyptian Electricity Holding Company signs loan agreement with NBE to pay dues to EGPC","author":"enterpriseam admin","date":"8 January 2017","format":false,"excerpt":"The Egyptian Electricity Holding Company (EEHC) has taken an EGP 20 bn loan from the National Bank of Egypt to dues owed to EGPC, Al Borsa reports.","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":645300,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/17\/electricity-holding-company-to-sign-two-loans-worth-egp-37-bn\/","url_meta":{"origin":572590,"position":5},"title":"Electricity Holding Company to sign two loans worth EGP 37 bn","author":"enterpriseam admin","date":"17 July 2017","format":false,"excerpt":"The Egyptian Electricity Holding Company expects to sign two loan agreements worth EGP 37 bn with Banque Misr and National Bank of Egypt next week, Al Borsa reports. 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