{"id":578870,"date":"2023-01-17T04:12:21","date_gmt":"2023-01-17T04:12:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/elsewedy-electric-to-build-300-mw-solar-station-in-saudi-arabia-enis-descalzi-sits-down-with-el-sisi\/"},"modified":"2023-01-17T04:12:21","modified_gmt":"2023-01-17T04:12:21","slug":"elsewedy-electric-to-build-300-mw-solar-station-in-saudi-arabia-enis-descalzi-sits-down-with-el-sisi","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/elsewedy-electric-to-build-300-mw-solar-station-in-saudi-arabia-enis-descalzi-sits-down-with-el-sisi\/","title":{"rendered":"Elsewedy Electric to build 300 MW solar station in Saudi Arabia + Eni\u2019s Descalzi sits down with El Sisi"},"content":{"rendered":"<p><a id=\"tldr-story-05\" class=\"content-anchor\"><\/a> <strong>Elsewedy Electric is upping its solar energy game:<\/strong> Elsewedy Electric for Transmission and Distribution, a subsidiary of Elsewedy Electric, signed a USD 176.1 mn turnkey contract to build a 300-MW solar power station for Saudi Arabia\u2019s Al Ghazala Energy, according to <a href=\"https:\/\/ent.news\/2023\/1\/ElSewedyElectric-Saudi-EN.pdf\">a statement<\/a><a href=\"https:\/\/ent.news\/2023\/1\/ElSewedyElectric-Saudi-EN.pdf\">(pdf)<\/a> by the company. Elsewedy \u201cwill mainly focus on the design, supply and installation of the entire project,\u201d which will be implemented within 16.5 months, the statement said. Elsewedy will operate and maintain the facility for 29 months after its completion.<\/p>\n<p><strong>Elsewedy has been stepping up its involvement in Saudi lately:<\/strong> Yesterday\u2019s announcement comes a few months after the company approved in November setting up one or more new companies in Saudi Arabia. The companies\u2019 potential activities include the management of holding companies\u2019 subsidiaries, investments, real estate ownership, lending, and leasing.<\/p>\n<p><strong>ENI BOSS MEETS EL SISI-<\/strong><\/p>\n<p><strong>Eni CEO Claudio Descalzi was in Cairo for talks with President Abdel Fattah El <\/strong><strong>Sisi <\/strong><strong>yesterday<\/strong>, a day after the company <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a961e0b1-0f40-4d21-b34c-c7821e996d47\">announced a major gas discovery<\/a> in the Eastern Mediterranean, according to separate statements by <a href=\"https:\/\/www.eni.com\/en-IT\/media\/press-release\/2023\/01\/president-egypt-abdel-fattah-el-sisi-meets-eni-ceo-claudio-descalzi.html\">Eni<\/a> and <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/pfbid0ipe8vY3wem1i3afacwQnYfFWyaEW9zXKwkpYLi4P3qhgtmimMcb62gkvd3PuRfvJl\">Ittihadiya<\/a>. The two discussed the company\u2019s current activities and future plans to drill for gas in Egypt, including its role in the country\u2019s energy transition. Eni described its recent exploration efforts as \u201cpositive\u201d and said that there is potential for it to increase exports \u201cquickly.\u201d<\/p>\n<p><strong>ICYMI-<\/strong> Chevron and Eni announced a \u201csignificant\u201d gas discovery in the Mediterranean offshore Nargis block earlier this week. Neither party provided an estimate for how much gas is in place though <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a961e0b1-0f40-4d21-b34c-c7821e996d47\">unconfirmed reports last month<\/a> suggested that it could hold 3.5 tn cubic feet of gas.<\/p>\n<p><strong>AND- Eni + EGAS sign gas flaring MoI: <\/strong>The Italian company will work with state gas company EGAS to identify areas to reduce CO2 emissions in the oil and gas sector under a memorandum of intent signed yesterday. The two sides will \u201ccollaborate on emission reduction technologies, including gas flaring reduction and gas valorization,\u201d Eni said in the statement. The Oil Ministry was also out with <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid036zUp2m3Lgbji3mkBwN9eHosRaN4E4VgYCQR68pNuRTnvmd3k2mPWtyLtHFAwNFmHl\">a statement<\/a> following the signing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Elsewedy Electric is upping its solar energy game: Elsewedy Electric for Transmission and Distribution, a subsidiary of Elsewedy Electric, signed a USD 176.1 mn turnkey contract to build a 300-MW solar power station for Saudi Arabia\u2019s Al Ghazala Energy, according to a statement(pdf) by the company. Elsewedy \u201cwill mainly focus on the design, supply and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":578871,"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":[6526,7135,152,93,197,72,151],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-578870","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-al-ghazala-energy","tag-egas","tag-elsewedy-electric","tag-energy","tag-eni","tag-enterpriseam","tag-renewables","wpautop","entry"],"acf":{"mongo_id":"602ad4f8-52be-48f6-bb10-cd43d8a61689","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/1\/274.jpg","photo_position":"above","related_issue":[578861],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Elsewedy Electric to build 300 MW solar station in Saudi Arabia + Eni\u2019s Descalzi sits down with El Sisi - 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\/2023\/01\/17\/elsewedy-electric-to-build-300-mw-solar-station-in-saudi-arabia-enis-descalzi-sits-down-with-el-sisi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Elsewedy Electric to build 300 MW solar station in Saudi Arabia + Eni\u2019s Descalzi sits down with El Sisi\" \/>\n<meta property=\"og:description\" content=\"Elsewedy Electric is upping its solar energy game: Elsewedy Electric for Transmission and Distribution, a subsidiary of Elsewedy Electric, signed a USD 176.1 mn turnkey contract to build a 300-MW solar power station for Saudi Arabia\u2019s Al Ghazala Energy, according to a statement(pdf) by the company. 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The plant will generate 20 MW-peak and store 35 MW of energy per hour in batteries. The facility\u2026","rel":"","context":"In &quot;Diplomacy + Foreign Trade&quot;","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596165,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/20\/elsewedy-electric-scatec-solar-begin-commercial-operations-at-new-benban-solar-plants\/","url_meta":{"origin":578870,"position":1},"title":"ElSewedy Electric, Scatec Solar begin commercial operations at new Benban solar plants","author":"enterpriseam admin","date":"20 August 2019","format":false,"excerpt":"Elsewedy, Scatec Solar begin commercial operations at new Benban solar plants: ElSewedy Electric has reached full commercial operation at two solar energy plants in Aswan\u2019s Benban solar power park, according to a company statement (pdf). The two plants, which cost a combined USD 140 mn project, were built by ElSewedy\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":594015,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/16\/edf-elsewedy-commission-130-mw-solar-power-plants-in-egypts-benban\/","url_meta":{"origin":578870,"position":2},"title":"EDF, Elsewedy commission 130 MW solar power plants in Egypt\u2019s Benban","author":"enterpriseam admin","date":"16 October 2019","format":false,"excerpt":"EDF Renewables and Elsewedy Electric have commissioned two solar power plants with a combined capacity of 130 MW in the Benban solar power park, according to an EDF statement. The two companies began operating the plants in August under a 25-year power purchase agreement with the Egyptian Electricity Transmission Company\u2026","rel":"","context":"In &quot;Energy&quot;","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":588553,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/13\/new-egyptair-flights-to-uk-india\/","url_meta":{"origin":578870,"position":3},"title":"New EgyptAir flights to UK, India","author":"enterpriseam admin","date":"13 June 2023","format":false,"excerpt":"The new flight routes will launch during the summer","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/6\/644.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":547016,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/06\/elsewedy-electric-targets-usd-1-5-bn-investment-in-african-renewables\/","url_meta":{"origin":578870,"position":4},"title":"Elsewedy Electric targets USD 1.5 bn investment in African renewables","author":"enterpriseam admin","date":"6 June 2022","format":false,"excerpt":"Elsewedy Electric could invest as much as USD 1.5 bn in three renewable energy projects in Africa before the end of the year, CEO Ahmed Elsewedy told us, confirming reports by Hapi Journal.Nothing is set in stone: Elsewedy cautioned that the group\u2019s future plans are still under consideration, adding that\u2026","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/6\/155.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":599037,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/17\/elsewedy-electric-acquires-share-capital-of-four-greek-renewable-energy-companies-for-eur-55-mn\/","url_meta":{"origin":578870,"position":5},"title":"Elsewedy Electric acquires share capital of four Greek renewable energy companies for EUR 55 mn","author":"enterpriseam admin","date":"17 June 2019","format":false,"excerpt":"M&A WATCH- Elsewedy Electric looking to acquire four Greek renewable energy outfits in EUR 55 mn transaction: Elsewedy Electric has entered into a EUR 55 mn agreement to acquire three wind assets and one hydroelectric company from Greece\u2019s R.F. 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