{"id":588367,"date":"2023-06-11T00:00:00","date_gmt":"2023-06-11T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/11\/actis-edra-are-looking-to-acquire-siemens-power-plant-for-up-to-usd-2-bn\/"},"modified":"2023-06-11T00:00:00","modified_gmt":"2023-06-11T00:00:00","slug":"actis-edra-are-looking-to-acquire-siemens-power-plant-for-up-to-usd-2-bn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/11\/actis-edra-are-looking-to-acquire-siemens-power-plant-for-up-to-usd-2-bn\/","title":{"rendered":"Actis, Edra are looking to acquire Siemens power plant for up to USD 2 bn"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">Actis, Edra eye Siemens power plant:<\/span><span style=\"\"> Private equity outfit <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2019\/11\/25\/actis-confirms-its-bidding-for-a-stake-in-egypts-combined-cycle-plants-6971\/\" style=\"\">Actis<\/a><\/span><span style=\"\"> and Malaysian power <\/span><span style=\"\">company <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2019\/05\/28\/edra-and-blackstones-zarou-express-interest-in-operating-siemens-power-plants\/\" style=\"\">Edra<\/a><\/span><span style=\"\"> have<\/span><span style=\"\">renewed their interest<\/span><span style=\"\"> in acquiring one of the three Siemens-built power plants in a transaction<\/span><span style=\"\">that could be worth <\/span><span style=\"\">USD 2 bn, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-06-08\/egypt-s-asset-sale-plan-may-get-a-2-billion-boost-as-suitors-eye-power-plant\" style=\"\">Bloomberg<\/a><\/span><span style=\"\"> reported Thursday, citing anonymous sources familiar with the matter. The sale of the 4.8-GW Beni Suef plant, which has been <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a94808c5-7a0c-4027-a786-804f2dc35954\" style=\"\">earmarked for a transaction<\/a><\/span><span style=\"font-weight:400;\">, would inject new momentum into the government\u2019s privatization drive and bring in much-needed foreign currency.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">What we know:<\/span><span style=\"\"> Both companies plan to submit offers to acquire as much as 100% of the plant and operate it, according to Bloomberg\u2019s sources. The USD 2 bn valuation includes outstanding debts, making it unlikely that the government would receive the full sum if it goes through with the sale. The Egyptian Electricity Holding Company took out a loan from an international banking consortium for 85% of the EUR <\/span><span style=\"\">6 bn<\/span><span style=\"\"> price tag for the three plants. It\u2019s unknown how much of the loan the company has repaid since <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/11cbc1b8-2f94-4e36-ba9b-336207272b2f\" style=\"\">it began repayments in 2019<\/a><\/span><span style=\"\">. The financial obligations of the plant would be transferred to the new buyer, according to Bloomberg. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">We\u2019ve been here before:<\/span><span style=\"font-weight:400;\"> Actis and Edra were among the interested companies when the government first began courting international investors in 2019. Along with Blackstone, both were in talks with authorities over the prospective sale which never went anywhere.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">No-one can buy the plant without the lenders\u2019 permission:<\/span><span style=\"font-weight:400;\"> Under the terms of the financing, Egypt can only sell the assets if it pays off the loans in full or gets the lenders\u2019 permission. German development bank KfW, Deutsche Bank, and HSBC are the primary financers of the project, lending Egypt EUR 4.1 bn.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Remember:<\/span><span style=\"\"> Egypt wants to sell USD 2 bn of assets before the end of this month. The government has so far raised some USD 147 mn by selling off <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ed56889d-d8c0-4a89-9303-43c67d4e8f53\" style=\"\">Pachin<\/a><\/span><span style=\"\"> and a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/053a8175-6db9-4185-ab3d-520dc017ac28\" style=\"\">10% stake in Telecom Egypt.<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Both companies intend to take full ownership and operate the 4.8-GW Beni Suef plant<\/p>\n","protected":false},"author":1,"featured_media":588368,"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":[7321],"tags":[922,72,125,758,81],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-588367","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-privatization-watch","tag-actis","tag-enterpriseam","tag-investment-watch","tag-private-equity","tag-privatization-watch","wpautop","entry"],"acf":{"mongo_id":"99547fd0-f6f6-4c75-adb8-13465d399413","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/6\/477.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Actis, Edra are looking to acquire Egypt power plant for up to USD 2 bn","related_issue":[588360],"teaser":"Both companies intend to take full ownership and operate the 4.8-GW Beni Suef plant","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/6\/.ef27a9a3-57d9-4f34-8d89-e846b3cc3d5a.mp3"},"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>Actis, Edra are looking to acquire Siemens power plant for up to USD 2 bn - 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\/06\/11\/actis-edra-are-looking-to-acquire-siemens-power-plant-for-up-to-usd-2-bn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Actis, Edra are looking to acquire Siemens power plant for up to USD 2 bn\" \/>\n<meta property=\"og:description\" content=\"Both companies intend to take full ownership and operate the 4.8-GW Beni Suef plant\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/06\/11\/actis-edra-are-looking-to-acquire-siemens-power-plant-for-up-to-usd-2-bn\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-11T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/477.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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/06\/11\/actis-edra-are-looking-to-acquire-siemens-power-plant-for-up-to-usd-2-bn\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/06\/11\/actis-edra-are-looking-to-acquire-siemens-power-plant-for-up-to-usd-2-bn\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Actis, Edra are looking to acquire Siemens power plant for up to USD 2 bn\",\"datePublished\":\"2023-06-11T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/06\/11\/actis-edra-are-looking-to-acquire-siemens-power-plant-for-up-to-usd-2-bn\/\"},\"wordCount\":326,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/06\/11\/actis-edra-are-looking-to-acquire-siemens-power-plant-for-up-to-usd-2-bn\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/477.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Actis\",\"EnterpriseAM\",\"investment watch\",\"private equity\",\"privatization watch\"],\"articleSection\":[\"Privatization\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/06\/11\/actis-edra-are-looking-to-acquire-siemens-power-plant-for-up-to-usd-2-bn\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/06\/11\/actis-edra-are-looking-to-acquire-siemens-power-plant-for-up-to-usd-2-bn\/\",\"name\":\"Actis, Edra are looking to acquire Siemens power plant for up to USD 2 bn - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/06\/11\/actis-edra-are-looking-to-acquire-siemens-power-plant-for-up-to-usd-2-bn\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/06\/11\/actis-edra-are-looking-to-acquire-siemens-power-plant-for-up-to-usd-2-bn\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/477.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2023-06-11T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/06\/11\/actis-edra-are-looking-to-acquire-siemens-power-plant-for-up-to-usd-2-bn\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2023\/06\/11\/actis-edra-are-looking-to-acquire-siemens-power-plant-for-up-to-usd-2-bn\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/06\/11\/actis-edra-are-looking-to-acquire-siemens-power-plant-for-up-to-usd-2-bn\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/477.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/477.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/06\/11\/actis-edra-are-looking-to-acquire-siemens-power-plant-for-up-to-usd-2-bn\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Actis, Edra are looking to acquire Siemens power plant for up to USD 2 bn\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Actis, Edra are looking to acquire Siemens power plant for up to USD 2 bn - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/11\/actis-edra-are-looking-to-acquire-siemens-power-plant-for-up-to-usd-2-bn\/","og_locale":"en_US","og_type":"article","og_title":"Actis, Edra are looking to acquire Siemens power plant for up to USD 2 bn","og_description":"Both companies intend to take full ownership and operate the 4.8-GW Beni Suef plant","og_url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/11\/actis-edra-are-looking-to-acquire-siemens-power-plant-for-up-to-usd-2-bn\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2023-06-11T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2023\/6\/477.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/11\/actis-edra-are-looking-to-acquire-siemens-power-plant-for-up-to-usd-2-bn\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/11\/actis-edra-are-looking-to-acquire-siemens-power-plant-for-up-to-usd-2-bn\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Actis, Edra are looking to acquire Siemens power plant for up to USD 2 bn","datePublished":"2023-06-11T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/11\/actis-edra-are-looking-to-acquire-siemens-power-plant-for-up-to-usd-2-bn\/"},"wordCount":326,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/11\/actis-edra-are-looking-to-acquire-siemens-power-plant-for-up-to-usd-2-bn\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/6\/477.jpg?fit=%2C&ssl=1","keywords":["Actis","EnterpriseAM","investment watch","private equity","privatization watch"],"articleSection":["Privatization"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/11\/actis-edra-are-looking-to-acquire-siemens-power-plant-for-up-to-usd-2-bn\/","url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/11\/actis-edra-are-looking-to-acquire-siemens-power-plant-for-up-to-usd-2-bn\/","name":"Actis, Edra are looking to acquire Siemens power plant for up to USD 2 bn - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/11\/actis-edra-are-looking-to-acquire-siemens-power-plant-for-up-to-usd-2-bn\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/11\/actis-edra-are-looking-to-acquire-siemens-power-plant-for-up-to-usd-2-bn\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/6\/477.jpg?fit=%2C&ssl=1","datePublished":"2023-06-11T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/11\/actis-edra-are-looking-to-acquire-siemens-power-plant-for-up-to-usd-2-bn\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2023\/06\/11\/actis-edra-are-looking-to-acquire-siemens-power-plant-for-up-to-usd-2-bn\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/11\/actis-edra-are-looking-to-acquire-siemens-power-plant-for-up-to-usd-2-bn\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2023\/6\/477.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/6\/477.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/11\/actis-edra-are-looking-to-acquire-siemens-power-plant-for-up-to-usd-2-bn\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Actis, Edra are looking to acquire Siemens power plant for up to USD 2 bn"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2023\/6\/477.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2023\/6\/477.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2023\/6\/477.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":589914,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/11\/actis-in-pole-position-to-acquire-gabal-el-zeit-wind-farm\/","url_meta":{"origin":588367,"position":0},"title":"Actis in pole position to acquire Gabal El Zeit wind farm","author":"enterpriseam admin","date":"11 July 2023","format":false,"excerpt":"Actis\u2019 offer is the best financial and technical fit among the submitted offers","rel":"","context":"In &quot;Privatization&quot;","block_context":{"text":"Privatization","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/594.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":605368,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/30\/govt-to-sell-70-stake-in-siemens-built-power-plant-plus-updates-on-zafarana-helwan-fertilizers-sales\/","url_meta":{"origin":588367,"position":1},"title":"Gov\u2019t to sell 70% stake in Siemens-built power plant. PLUS: Updates on Zafarana, Helwan Fertilizers sales.","author":"enterpriseam admin","date":"30 August 2023","format":false,"excerpt":"The transaction could be worth as much as USD 1.9 bn, according to government estimates","rel":"","context":"In &quot;Privatization&quot;","block_context":{"text":"Privatization","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/1429.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":593325,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/25\/actis-confirms-its-bidding-for-a-stake-in-egypts-combined-cycle-plants\/","url_meta":{"origin":588367,"position":2},"title":"Actis confirms it\u2019s bidding for a stake in Egypt\u2019s combined cycle plants","author":"enterpriseam admin","date":"25 November 2019","format":false,"excerpt":"Actis has confirmed it is in the running to acquire a stake in a combined-cycle power plant: Private equity giant Actis has formally submitted a letter of intention to acquire a stake in the Siemens \/ Orascom Construction \/ Elsewedy Electric combined-cycle power plants, Sherif El Kholy, partner and head\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\/2020\/1\/659.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":593008,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/14\/actis-engie-datang-in-the-running-to-acquire-stake-in-egypts-combined-cycle-power-plants\/","url_meta":{"origin":588367,"position":3},"title":"Actis, Engie, Datang in the running to acquire stake in Egypt\u2019s combined-cycle power plants","author":"enterpriseam admin","date":"14 November 2019","format":false,"excerpt":"Actis, Engie, Datang in the running to acquire stake in Egypt\u2019s combined-cycle power plants: Actis, France\u2019s Engie, and China Datang Overseas Investment are all competing alongside Blackstone\u2019s Zarou to acquire a stake in the Siemens \/ Orascom Construction \/ Elsewedy Electric combined-cycle power plants, according to Bloomberg. Sources in the\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\/2017\/3\/970.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":567550,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/27\/sovereign-fund-of-egypt-to-tap-hsbc-to-advise-on-siemens-plant-stake-sale\/","url_meta":{"origin":588367,"position":4},"title":"Sovereign Fund of Egypt to tap HSBC to advise on Siemens plant stake sale?","author":"enterpriseam admin","date":"27 January 2020","format":false,"excerpt":"PRIVATIZATION WATCH- Sovereign fund to tap HSBC as advisor on combined-cycle plant stake sale? HSBC is reportedly the frontrunner to advise the Sovereign Fund of Egypt on the sale of a 70% stake in the first of three Siemens \/ Elsewedy Electric \/ Orascom Construction combined-cycle power plants, Hapi Journal\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":591472,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/08\/hsbc-and-citibank-compete-for-combined-cycle-stake-sale-role\/","url_meta":{"origin":588367,"position":5},"title":"HSBC and Citibank compete for combined cycle stake sale role","author":"enterpriseam admin","date":"8 December 2019","format":false,"excerpt":"PRIVATIZATION WATCH- HSBC and Citibank are competing to act as financial advisor on combined-cycle plant stake sale: Egypt\u2019s sovereign wealth fund is mulling offers from HSBC and Citibank to advise on the sale of a 70% stake in the first of three Siemens \/ Elsewedy Electric \/ Orascom Construction combined-cycle\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/588367","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=588367"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/588367\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/588360"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/588368"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=588367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=588367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=588367"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=588367"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=588367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}