{"id":592907,"date":"2019-11-12T04:21:15","date_gmt":"2019-11-12T04:21:15","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/12\/egypts-swf-could-take-a-30-stake-in-siemens-oc-elsewedy-power-plants-soliman\/"},"modified":"2019-11-12T04:21:15","modified_gmt":"2019-11-12T04:21:15","slug":"egypts-swf-could-take-a-30-stake-in-siemens-oc-elsewedy-power-plants-soliman","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/12\/egypts-swf-could-take-a-30-stake-in-siemens-oc-elsewedy-power-plants-soliman\/","title":{"rendered":"Egypt\u2019s SWF could take a 30% stake in Siemens-OC-Elsewedy power plants -Soliman"},"content":{"rendered":"

<\/a> Egypt\u2019s new sovereign wealth fund is looking to acquire a 30% stake in the <\/strong>Siemens \/ OC \/ Elsewedy power plants, the fund\u2019s boss says<\/strong>, positioning the SWF\u2019s interest in the three combined-cycle power plants in Burullus, Beni Suef, and the new administrative capital as \u201cpart of its drive to spur greater foreign participation in the Middle East\u2019s fastest-growing economy.\u201d<\/p>\n

As many as six international investors have expressed interest in the transaction<\/strong>, which would see one or more of them carve up the rest of the equity in the plants, SWF CEO Ayman Soliman tells Bloomberg<\/a>. A financial advisor for the transaction could be named as early as next week. Post-sale, the two shareholders could establish a joint venture that would then sign a power purchase agreement to sell the plants\u2019 output to the government. The three 14.4 GW plants were co-built by Siemens, Orascom Construction, and Elsewedy Electric, and were inaugurated in July 2018<\/a>.<\/p>\n

Who are the six investors? <\/strong>Soliman stopped short of disclosing the names, but unnamed government sources told the press yesterday<\/a> that Blackstone\u2019s Zarou and Edra Power Holdings are in the race; they\u2019re two companies that Electricity Minister Mohamed Shaker said back in May<\/a> were interested in taking over the operation. Neither has formally confirmed their interest. Siemens, meanwhile, will be operating the plants until at least 2026, having signed an eight-year contract<\/a> last September. Shaker said at the time that Siemens would continue to work alongside any new operator.<\/p>\n

But it\u2019s possible this isn\u2019t yet cast in stone: <\/strong>Government sources told the local press yesterday that the SWF is studying other scenarios, including one in which it takes a 60-70% stake in the plants, leaving a minority stake for the private sector.<\/p>\n

What\u2019s the timeline?<\/strong> Soliman told Bloomberg the fund expects to finalize an agreement with investors by next year, while sources said the tariff at which the ministry will purchase electricity is expected to be agreed before the end of the current fiscal year in June. The tariff will factor heavily in determining the fair value of the shares, they added, suggesting that we may be waiting until the latter half of the year before we see any acquisition agreements.<\/p>\n

The fund could in the future offer a stake in the plants on the EGX or an international bourse<\/strong>, Soliman said. The newly-appointed CEO did not provide further details, but said this would be one potential avenue for the fund to stimulate FDI inflows. Planning Minister Hala El Said had said last month<\/a> that the SWF could set up several sub-funds to channel investment into the logistics, renewables, and manufacturing sectors.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt\u2019s new sovereign wealth fund is looking to acquire a 30% stake in the Siemens \/ OC \/ Elsewedy power plants, the fund\u2019s boss says, positioning the SWF\u2019s interest in the three combined-cycle power plants in Burullus, Beni Suef, and the new administrative capital as \u201cpart of its drive to spur greater foreign participation in […]<\/p>\n","protected":false},"author":1,"featured_media":592908,"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":[8572],"tags":[369,152,72,103,363,484,2380,587],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-592907","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-ayman-soliman","tag-elsewedy-electric","tag-enterpriseam","tag-fdi","tag-orascom-construction","tag-siemens","tag-speed-round","tag-state-privatization-program","wpautop","entry"],"acf":{"mongo_id":"f97ae661-ab97-443f-8391-93395be042fc","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2020\/1\/659.jpg","photo_position":"above","related_issue":[592902],"teaser":"","voice_url":""},"yoast_head":"\nEgypt\u2019s SWF could take a 30% stake in Siemens-OC-Elsewedy power plants -Soliman - 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\/2019\/11\/12\/egypts-swf-could-take-a-30-stake-in-siemens-oc-elsewedy-power-plants-soliman\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s SWF could take a 30% stake in Siemens-OC-Elsewedy power plants -Soliman\" \/>\n<meta property=\"og:description\" content=\"Egypt\u2019s new sovereign wealth fund is looking to acquire a 30% stake in the Siemens \/ OC \/ Elsewedy power plants, the fund\u2019s boss says, positioning the SWF\u2019s interest in the three combined-cycle power plants in Burullus, Beni Suef, and the new administrative capital as \u201cpart of its drive to spur greater foreign participation in […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/12\/egypts-swf-could-take-a-30-stake-in-siemens-oc-elsewedy-power-plants-soliman\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-12T04:21:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/659.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\/2019\/11\/12\/egypts-swf-could-take-a-30-stake-in-siemens-oc-elsewedy-power-plants-soliman\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/12\/egypts-swf-could-take-a-30-stake-in-siemens-oc-elsewedy-power-plants-soliman\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt\u2019s SWF could take a 30% stake in Siemens-OC-Elsewedy power plants -Soliman\",\"datePublished\":\"2019-11-12T04:21:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/12\/egypts-swf-could-take-a-30-stake-in-siemens-oc-elsewedy-power-plants-soliman\/\"},\"wordCount\":452,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/12\/egypts-swf-could-take-a-30-stake-in-siemens-oc-elsewedy-power-plants-soliman\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/659.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Ayman Soliman\",\"Elsewedy Electric\",\"EnterpriseAM\",\"FDI\",\"Orascom Construction\",\"Siemens\",\"SPEED ROUND\",\"state privatization program\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/12\/egypts-swf-could-take-a-30-stake-in-siemens-oc-elsewedy-power-plants-soliman\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/12\/egypts-swf-could-take-a-30-stake-in-siemens-oc-elsewedy-power-plants-soliman\/\",\"name\":\"Egypt\u2019s SWF could take a 30% stake in Siemens-OC-Elsewedy power plants -Soliman - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/12\/egypts-swf-could-take-a-30-stake-in-siemens-oc-elsewedy-power-plants-soliman\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/12\/egypts-swf-could-take-a-30-stake-in-siemens-oc-elsewedy-power-plants-soliman\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/659.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2019-11-12T04:21:15+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/12\/egypts-swf-could-take-a-30-stake-in-siemens-oc-elsewedy-power-plants-soliman\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/12\/egypts-swf-could-take-a-30-stake-in-siemens-oc-elsewedy-power-plants-soliman\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/12\/egypts-swf-could-take-a-30-stake-in-siemens-oc-elsewedy-power-plants-soliman\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/659.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/659.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/12\/egypts-swf-could-take-a-30-stake-in-siemens-oc-elsewedy-power-plants-soliman\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Egypt\u2019s SWF could take a 30% stake in Siemens-OC-Elsewedy power plants -Soliman\"}]},{\"@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":"Egypt\u2019s SWF could take a 30% stake in Siemens-OC-Elsewedy power plants -Soliman - 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\/2019\/11\/12\/egypts-swf-could-take-a-30-stake-in-siemens-oc-elsewedy-power-plants-soliman\/","og_locale":"en_US","og_type":"article","og_title":"Egypt\u2019s SWF could take a 30% stake in Siemens-OC-Elsewedy power plants -Soliman","og_description":"Egypt\u2019s new sovereign wealth fund is looking to acquire a 30% stake in the Siemens \/ OC \/ Elsewedy power plants, the fund\u2019s boss says, positioning the SWF\u2019s interest in the three combined-cycle power plants in Burullus, Beni Suef, and the new administrative capital as \u201cpart of its drive to spur greater foreign participation in […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/12\/egypts-swf-could-take-a-30-stake-in-siemens-oc-elsewedy-power-plants-soliman\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2019-11-12T04:21:15+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/659.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\/2019\/11\/12\/egypts-swf-could-take-a-30-stake-in-siemens-oc-elsewedy-power-plants-soliman\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/12\/egypts-swf-could-take-a-30-stake-in-siemens-oc-elsewedy-power-plants-soliman\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Egypt\u2019s SWF could take a 30% stake in Siemens-OC-Elsewedy power plants -Soliman","datePublished":"2019-11-12T04:21:15+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/12\/egypts-swf-could-take-a-30-stake-in-siemens-oc-elsewedy-power-plants-soliman\/"},"wordCount":452,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/12\/egypts-swf-could-take-a-30-stake-in-siemens-oc-elsewedy-power-plants-soliman\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/659.jpg?fit=%2C&ssl=1","keywords":["Ayman Soliman","Elsewedy Electric","EnterpriseAM","FDI","Orascom Construction","Siemens","SPEED ROUND","state privatization program"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/12\/egypts-swf-could-take-a-30-stake-in-siemens-oc-elsewedy-power-plants-soliman\/","url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/12\/egypts-swf-could-take-a-30-stake-in-siemens-oc-elsewedy-power-plants-soliman\/","name":"Egypt\u2019s SWF could take a 30% stake in Siemens-OC-Elsewedy power plants -Soliman - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/12\/egypts-swf-could-take-a-30-stake-in-siemens-oc-elsewedy-power-plants-soliman\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/12\/egypts-swf-could-take-a-30-stake-in-siemens-oc-elsewedy-power-plants-soliman\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/659.jpg?fit=%2C&ssl=1","datePublished":"2019-11-12T04:21:15+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/12\/egypts-swf-could-take-a-30-stake-in-siemens-oc-elsewedy-power-plants-soliman\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2019\/11\/12\/egypts-swf-could-take-a-30-stake-in-siemens-oc-elsewedy-power-plants-soliman\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/12\/egypts-swf-could-take-a-30-stake-in-siemens-oc-elsewedy-power-plants-soliman\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/659.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/659.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/12\/egypts-swf-could-take-a-30-stake-in-siemens-oc-elsewedy-power-plants-soliman\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Egypt\u2019s SWF could take a 30% stake in Siemens-OC-Elsewedy power plants -Soliman"}]},{"@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\/2020\/1\/659.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/659.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\/2020\/1\/659.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"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":592907,"position":0},"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 "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\/2017\/3\/970.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":592962,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/13\/zarou-is-egypts-top-contender-for-stake-in-siemens-power-plants\/","url_meta":{"origin":592907,"position":1},"title":"Zarou is Egypt\u2019s top contender for stake in Siemens power plants","author":"enterpriseam admin","date":"13 November 2019","format":false,"excerpt":"Zarou is the top contender for stake in Siemens power plants: Blackstone Group\u2019s Zarou is reportedly the frontrunner out of six investors looking to acquire a stake in the Siemens \/ Orascom Construction \/ Elsewedy combined-cycle power plants, unnamed Electricity Ministry sources tell Al Mal. The energy development company has\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\/11\/Electricity-power-plant-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":593417,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/27\/egypts-tharaa-to-tap-financial-advisor-for-combined-cycle-plant-stake-sale-next-week\/","url_meta":{"origin":592907,"position":2},"title":"Egypt\u2019s Tharaa to tap financial advisor for combined cycle plant stake sale next week","author":"enterpriseam admin","date":"27 November 2019","format":false,"excerpt":"Tharaa to tap financial advisor for combined cycle plant stake sale next week: Egyptian sovereign wealth fund Tharaa is set to select a financial advisor next week to assess the offers presented from international investors to acquire a 70% stake in the first of three Siemens \/ Elsewedy Electric \/\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\/2020\/9\/74.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":627192,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/25\/el-sisi-inaugurates-combined-cycle-power-plants-gabal-el-zeit-wind-farm\/","url_meta":{"origin":592907,"position":3},"title":"El Sisi inaugurates combined-cycle power plants, Gabal El Zeit wind farm","author":"enterpriseam admin","date":"25 July 2018","format":false,"excerpt":"El Sisi inaugurates combined-cycle power plants, Gabal El Zeit wind farm: President Abdel Fattah El Sisi inaugurated yesterday the three 14.4 GW combined-cycle power plants in Burullus, Beni Suef and the new capital, which were developed by Siemens and our friends Orascom Construction (OC) and Elsewedy Electric. OC said in\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":591472,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/08\/hsbc-and-citibank-compete-for-combined-cycle-stake-sale-role\/","url_meta":{"origin":592907,"position":4},"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 "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":553604,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/09\/sfe-is-pushing-ahead-with-siemens-stake-sale-privatizing-military-businesses\/","url_meta":{"origin":592907,"position":5},"title":"SFE is pushing ahead with Siemens stake sale + privatizing military businesses","author":"enterpriseam admin","date":"9 December 2021","format":false,"excerpt":"Updates on the Siemens power plants + military companies\u2019 privatization from the SFE: The Sovereign Fund of Egypt (SFE) and the Electricity Ministry are nearly done with studies on how best to move forward with a stake sale in the Siemens \/ Orascom Construction \/ Elsewedy Electric combined-cycle power plant,\u2026","rel":"","context":"In "Privatization"","block_context":{"text":"Privatization","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/privatization-watch\/"},"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\/592907","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=592907"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/592907\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/592902"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/592908"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=592907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=592907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=592907"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=592907"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=592907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}