{"id":578270,"date":"2022-12-21T04:04:30","date_gmt":"2022-12-21T04:04:30","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/21\/we-could-be-getting-usd-4-bn-from-chinese-and-japanese-investors-for-renewables-projects\/"},"modified":"2022-12-21T04:04:30","modified_gmt":"2022-12-21T04:04:30","slug":"we-could-be-getting-usd-4-bn-from-chinese-and-japanese-investors-for-renewables-projects","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/21\/we-could-be-getting-usd-4-bn-from-chinese-and-japanese-investors-for-renewables-projects\/","title":{"rendered":"We could be getting USD 4 bn from Chinese and Japanese investors for renewables projects"},"content":{"rendered":"

<\/a> A Chinese company and a Japanese company have submitted bids to the Electricity <\/strong>Ministry to invest over USD 4 bn in renewable energy projects<\/strong> in Egypt over the next eight years, Al Borsa<\/a> reports, citing what it says are ministry sources. It\u2019s not clear whether the firms would invest in plants already in the pipeline, or look to build fresh projects.<\/p>\n

The companies are also in talks with five Egyptian contractors and electricity firms <\/strong>who could partner with them to build the projects, the sources are quoted as saying. The talks should advance in 1H 2023, the sources said.<\/p>\n

How will they get the funds? <\/strong>The companies have reached initial agreements with lenders in both China and Japan to finance the projects, the sources said, adding that they will negotiate the financing details once they get the final project approvals from the Electricity Ministry<\/p>\n

REMEMBER- <\/strong>Egypt signed<\/a> initial agreements for some 29.5 GW worth of wind power projects worth up to USD 34 bn during COP27, equivalent to nearly half of the country\u2019s total installed power generation capacity. We have also set an ambitious target of sourcing 42% of our energy<\/a> from renewables by 2030.<\/p>\n","protected":false},"excerpt":{"rendered":"

A Chinese company and a Japanese company have submitted bids to the Electricity Ministry to invest over USD 4 bn in renewable energy projects in Egypt over the next eight years, Al Borsa reports, citing what it says are ministry sources. It\u2019s not clear whether the firms would invest in plants already in the pipeline, […]<\/p>\n","protected":false},"author":1,"featured_media":578271,"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":[116,93,72,125,570,151],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-578270","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-china","tag-energy","tag-enterpriseam","tag-investment-watch","tag-japan","tag-renewables","wpautop","entry"],"acf":{"mongo_id":"7e51c009-b634-44b8-9a57-2bd3a0daa549","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/12\/449.jpg","photo_position":"above","related_issue":[578261],"teaser":"","voice_url":""},"yoast_head":"\nWe could be getting USD 4 bn from Chinese and Japanese investors for renewables projects - 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\/12\/21\/we-could-be-getting-usd-4-bn-from-chinese-and-japanese-investors-for-renewables-projects\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"We could be getting USD 4 bn from Chinese and Japanese investors for renewables projects\" \/>\n<meta property=\"og:description\" content=\"A Chinese company and a Japanese company have submitted bids to the Electricity Ministry to invest over USD 4 bn in renewable energy projects in Egypt over the next eight years, Al Borsa reports, citing what it says are ministry sources. It\u2019s not clear whether the firms would invest in plants already in the pipeline, […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/21\/we-could-be-getting-usd-4-bn-from-chinese-and-japanese-investors-for-renewables-projects\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-21T04:04:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/449.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\/12\/21\/we-could-be-getting-usd-4-bn-from-chinese-and-japanese-investors-for-renewables-projects\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/21\/we-could-be-getting-usd-4-bn-from-chinese-and-japanese-investors-for-renewables-projects\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"We could be getting USD 4 bn from Chinese and Japanese investors for renewables projects\",\"datePublished\":\"2022-12-21T04:04:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/21\/we-could-be-getting-usd-4-bn-from-chinese-and-japanese-investors-for-renewables-projects\/\"},\"wordCount\":205,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/21\/we-could-be-getting-usd-4-bn-from-chinese-and-japanese-investors-for-renewables-projects\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/449.jpg?fit=%2C&ssl=1\",\"keywords\":[\"China\",\"energy\",\"EnterpriseAM\",\"investment watch\",\"Japan\",\"renewables\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/21\/we-could-be-getting-usd-4-bn-from-chinese-and-japanese-investors-for-renewables-projects\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/21\/we-could-be-getting-usd-4-bn-from-chinese-and-japanese-investors-for-renewables-projects\/\",\"name\":\"We could be getting USD 4 bn from Chinese and Japanese investors for renewables projects - 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USD 3 bn worth of renewable energy projects as Electricity Minister Mohamed Shaker visits Riyadh, Bloomberg Asharq reports, citing four people at state-owned Egyptian electricity companies.Who\u2019s involved: The minister is holding talks with ACWA Power, Al Fanar,\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\/2022\/11\/66.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":585131,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/11\/chinas-ctgi-eyes-local-renewables-desalination-projects\/","url_meta":{"origin":578270,"position":1},"title":"China\u2019s CTGI eyes local renewables, desalination projects","author":"enterpriseam admin","date":"11 April 2023","format":false,"excerpt":"Chinese interest in our green energy is ramping up","rel":"","context":"In "Also on our 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"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\/8\/434.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":597788,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/05\/egypt-in-talks-with-chinese-companies-for-solar-projects\/","url_meta":{"origin":578270,"position":4},"title":"Egypt in talks with Chinese companies for solar projects","author":"enterpriseam admin","date":"5 May 2019","format":false,"excerpt":"Military Production Minister Mohamed Al Assar last week visited four Chinese engineering and technology companies which could help construct new solar plants in Egypt, according to a Defense Ministry statement. Representatives from the ministries of defense, electricity, investment and environment accompanied the minister on his visits to the China Electronics\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":597101,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/16\/egypt-needs-to-invest-additional-usd-30-bn-into-electrical-grid-by-2023-apicorp\/","url_meta":{"origin":578270,"position":5},"title":"Egypt needs to invest additional USD 30 bn into electrical grid by 2023 -Apicorp","author":"enterpriseam admin","date":"16 July 2019","format":false,"excerpt":"Egypt needs to invest USD 30 bn into electrical grid by 2023 -Apicorp: Egypt needs to invest an additional USD 20 bn in power generation and USD 10 bn in transmission and distribution (T&D)to increase capacity to 63 GW by 2023, the Arab Petroleum Investments Corporation (Apicorp) says in its\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\/7\/830.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/578270","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=578270"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/578270\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/578261"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/578271"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=578270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=578270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=578270"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=578270"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=578270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}