{"id":596887,"date":"2019-07-10T04:18:29","date_gmt":"2019-07-10T04:18:29","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/10\/empower-gets-preliminary-nod-from-bdc-for-egp-70-mn-loan\/"},"modified":"2019-07-10T04:18:29","modified_gmt":"2019-07-10T04:18:29","slug":"empower-gets-preliminary-nod-from-bdc-for-egp-70-mn-loan","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/10\/empower-gets-preliminary-nod-from-bdc-for-egp-70-mn-loan\/","title":{"rendered":"Empower gets preliminary nod from BdC for EGP 70 mn loan"},"content":{"rendered":"<p>Renewable energy company Empower has reached a preliminary agreement with Banque du Caire to take out a EGP 70 mn loan, Chairman Hatem El Gamal <a href=\"https:\/\/www.mubasher.info\/news\/3499365\/-%D8%A5%D9%85%D8%A8%D8%A7%D9%88%D8%B1-%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%82%D8%A7%D9%87%D8%B1%D8%A9-%D9%8A%D9%88%D8%A7%D9%81%D9%82-%D8%B9%D9%84%D9%89-%D8%AA%D9%85%D9%88%D9%8A%D9%84-%D9%85%D8%AD%D8%B7%D8%A9-%D8%A7%D9%84%D9%86%D9%88%D8%A8%D8%A7%D8%B1%D9%8A%D8%A9-%D8%A8%D9%8070%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AC%D9%86%D9%8A%D9%87\">told Mubasher<\/a>. The money will be used to partially fund the establishment of a EGP 100 mn waste-to-energy plant in Nubareya, which will process around 160 tonnes of waste per day to generate 24 MW of energy. Empower has invested a total of EGP 420 mn in waste-to-energy plants to date. The company is planning to begin directly selling electricity generated from recycling waste for the first time to a local farm <a href=\"https:\/\/enterprise.press\/stories\/2019\/06\/26\/empower-to-begin-selling-waste-energy-to-clients-in-september\/\">in September<\/a> for around EGP 2\/kWh.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Renewable energy company Empower has reached a preliminary agreement with Banque du Caire to take out a EGP 70 mn loan, Chairman Hatem El Gamal told Mubasher. The money will be used to partially fund the establishment of a EGP 100 mn waste-to-energy plant in Nubareya, which will process around 160 tonnes of waste per [&hellip;]<\/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":[9980,93,72,4103],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-596887","post","type-post","status-publish","format-standard","hentry","category-energy","tag-empower","tag-energy","tag-enterpriseam","tag-waste-to-energy","wpautop","entry"],"acf":{"mongo_id":"8b77fb3d-e03f-42a0-b6eb-ebd669af240f","is_powered_by":true,"section_story_id":"5fce0ea8-93b4-4762-9698-565f9b6108d3","story_type":"1","photo_url":"","photo_position":"above","related_issue":[596859],"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>Empower gets preliminary nod from BdC for EGP 70 mn loan - 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\/07\/10\/empower-gets-preliminary-nod-from-bdc-for-egp-70-mn-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Empower gets preliminary nod from BdC for EGP 70 mn loan\" \/>\n<meta property=\"og:description\" content=\"Renewable energy company Empower has reached a preliminary agreement with Banque du Caire to take out a EGP 70 mn loan, Chairman Hatem El Gamal told Mubasher. The money will be used to partially fund the establishment of a EGP 100 mn waste-to-energy plant in Nubareya, which will process around 160 tonnes of waste per [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/10\/empower-gets-preliminary-nod-from-bdc-for-egp-70-mn-loan\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-10T04:18:29+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\/2019\/07\/10\/empower-gets-preliminary-nod-from-bdc-for-egp-70-mn-loan\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/10\/empower-gets-preliminary-nod-from-bdc-for-egp-70-mn-loan\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Empower gets preliminary nod from BdC for EGP 70 mn loan\",\"datePublished\":\"2019-07-10T04:18:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/10\/empower-gets-preliminary-nod-from-bdc-for-egp-70-mn-loan\/\"},\"wordCount\":108,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Empower\",\"energy\",\"EnterpriseAM\",\"waste-to-energy\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/10\/empower-gets-preliminary-nod-from-bdc-for-egp-70-mn-loan\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/10\/empower-gets-preliminary-nod-from-bdc-for-egp-70-mn-loan\/\",\"name\":\"Empower gets preliminary nod from BdC for EGP 70 mn loan - 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The plants would be powered by agricultural waste collected from farmers.","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":624823,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/19\/empower-signs-contract-with-el-beheira-electricity-distribution-company-to-sell-electricity-from-waste\/","url_meta":{"origin":596887,"position":1},"title":"Empower signs contract with El Beheira Electricity Distribution Company to sell electricity from waste","author":"enterpriseam admin","date":"19 September 2018","format":false,"excerpt":"Energy group Empower signed a contract with El Beheira Electricity Distribution Company to produce and sell electricity from two waste-to-energy (WtE) plants that Empower will establish, CEO Hatem El Gamal tells Al Mal. The EGP 160 mn plants will be partially financed through a loan from unnamed local bank, with\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":568602,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/28\/empower-in-talks-with-saudi-company-to-build-usd-28-mn-waste-to-energy-plant\/","url_meta":{"origin":596887,"position":2},"title":"Empower in talks with Saudi company to build USD 28 mn waste-to-energy plant","author":"enterpriseam admin","date":"28 January 2020","format":false,"excerpt":"Egyptian renewable energy group Empower is in talks with an unnamed Saudi Arabian company to build a USD 28 mn 4 MW waste-to-energy plant, CEO Hatem El Gamal told the local press. Negotiations are at advanced stages and an agreement is expected to be completed \u201cwithin weeks,\u201d he said. Undisclosed\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":632252,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/06\/empower-awarded-contract-for-1-mw-wte-power-plant-in-new-nubaria\/","url_meta":{"origin":596887,"position":3},"title":"Empower awarded contract for 1 MW WtE power plant in New Nubaria","author":"enterpriseam admin","date":"6 February 2018","format":false,"excerpt":"Energy group Empower won a contract to establish a 1 MW waste-to-energy (WtE) plant in Behera\u2019s New Nubaria City with initial investments of EGP 94 mn, CEO Hatem El Gamal tells Al Mal. The company will sell power to the Behera Electricity Distribution Company at a feed-in tariff of EGP\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":574608,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/15\/empower-egypt-looks-to-produce-fertilizer-energy-from-sugar-beet-waste\/","url_meta":{"origin":596887,"position":4},"title":"Empower Egypt looks to produce fertilizer, energy from sugar beet waste","author":"enterpriseam admin","date":"15 September 2020","format":false,"excerpt":"Waste-to-energy company Empower is close to signing agreements worth a combined EGP 350 mn with three unnamed sugar beet processing companies to turn beet waste into energy and organic fertilizer, Chairman Hatem El Gamal told the local press. The company will buy land from the processors for its operations and\u2026","rel":"","context":"In &quot;Other Business News of Note&quot;","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599388,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/26\/empower-to-begin-selling-waste-energy-to-clients-in-september\/","url_meta":{"origin":596887,"position":5},"title":"Empower to begin selling waste energy to clients in September","author":"enterpriseam admin","date":"26 June 2019","format":false,"excerpt":"Renewable energy company Empower is set to begin directly selling electricity generated from recycling waste for the first time to a local farm in September for around EGP 2\/kWh, Chairman Hatem El Gamal said, according to Mubasher. The company is seeking to sell electricity to 36 farms in the coming\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/596887","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=596887"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/596887\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/596859"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=596887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=596887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=596887"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=596887"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=596887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}