{"id":599153,"date":"2019-06-19T04:00:23","date_gmt":"2019-06-19T04:00:23","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/19\/pm-discusses-operating-siemens-power-plants-offer-with-edra-official\/"},"modified":"2019-06-19T04:00:23","modified_gmt":"2019-06-19T04:00:23","slug":"pm-discusses-operating-siemens-power-plants-offer-with-edra-official","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/19\/pm-discusses-operating-siemens-power-plants-offer-with-edra-official\/","title":{"rendered":"PM discusses operating Siemens power plants offer with Edra official"},"content":{"rendered":"<p>Prime Minister Moustafa Madbouly discussed Malaysia\u2019s Edra Power Holdings\u2019 offer to take over one of Siemens\u2019 newly built power plants with the company\u2019s President and Executive Director Datuk Wira Mark Ling, <a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/elect4.aspx\">the cabinet said in a statement<\/a>. Madbouly said Egypt welcomes reaching an agreement that would serve its interests and reduce liabilities and at the same time doesn\u2019t impact the way the service is provided to citizens. Electricity Minister Mohamed Shaker <a href=\"https:\/\/enterprise.press\/stories\/2019\/05\/28\/edra-and-blackstones-zarou-express-interest-in-operating-siemens-power-plants\/\">told Bloomberg last month<\/a> that Blackstone Group\u2019s <a href=\"http:\/\/www.zarougroup.com\/\">Zarou<\/a> and Edra have both expressed an interest in taking over the operation of the three Siemens-built, combined-cycle power plants inaugurated in July. Bloomberg suggested the transaction could \u201cset the stage for [Zarou or Edra] to assume responsibility for any financial dues on the project.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Prime Minister Moustafa Madbouly discussed Malaysia\u2019s Edra Power Holdings\u2019 offer to take over one of Siemens\u2019 newly built power plants with the company\u2019s President and Executive Director Datuk Wira Mark Ling, the cabinet said in a statement. Madbouly said Egypt welcomes reaching an agreement that would serve its interests and reduce liabilities and at the [&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":[244,93,72,1383,281,9293,484],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-599153","post","type-post","status-publish","format-standard","hentry","category-energy","tag-electricity","tag-energy","tag-enterpriseam","tag-malaysia","tag-moustafa-madbouly","tag-prime-minister","tag-siemens","wpautop","entry"],"acf":{"mongo_id":"aeee00a4-e54f-4094-8f29-4ed4c310c98b","is_powered_by":true,"section_story_id":"263be8dd-d2d1-4ad4-9453-f940ed4210ca","story_type":"1","photo_url":"","photo_position":"above","related_issue":[599123],"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>PM discusses operating Siemens power plants offer with Edra official - 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\/06\/19\/pm-discusses-operating-siemens-power-plants-offer-with-edra-official\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PM discusses operating Siemens power plants offer with Edra official\" \/>\n<meta property=\"og:description\" content=\"Prime Minister Moustafa Madbouly discussed Malaysia\u2019s Edra Power Holdings\u2019 offer to take over one of Siemens\u2019 newly built power plants with the company\u2019s President and Executive Director Datuk Wira Mark Ling, the cabinet said in a statement. Madbouly said Egypt welcomes reaching an agreement that would serve its interests and reduce liabilities and at the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/19\/pm-discusses-operating-siemens-power-plants-offer-with-edra-official\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-19T04:00:23+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\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\/2019\/06\/19\/pm-discusses-operating-siemens-power-plants-offer-with-edra-official\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/19\/pm-discusses-operating-siemens-power-plants-offer-with-edra-official\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"PM discusses operating Siemens power plants offer with Edra official\",\"datePublished\":\"2019-06-19T04:00:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/19\/pm-discusses-operating-siemens-power-plants-offer-with-edra-official\/\"},\"wordCount\":137,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"electricity\",\"energy\",\"EnterpriseAM\",\"Malaysia\",\"Moustafa Madbouly\",\"prime minister\",\"Siemens\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/19\/pm-discusses-operating-siemens-power-plants-offer-with-edra-official\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/19\/pm-discusses-operating-siemens-power-plants-offer-with-edra-official\/\",\"name\":\"PM discusses operating Siemens power plants offer with Edra official - 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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":588367,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/11\/actis-edra-are-looking-to-acquire-siemens-power-plant-for-up-to-usd-2-bn\/","url_meta":{"origin":599153,"position":2},"title":"Actis, Edra are looking to acquire Siemens power plant for up to USD 2 bn","author":"enterpriseam admin","date":"11 June 2023","format":false,"excerpt":"Both companies intend to take full ownership and operate the 4.8-GW Beni Suef plant","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\/6\/477.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":599153,"position":3},"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 &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\/2019\/11\/Electricity-power-plant-1600px.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":599153,"position":4},"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":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":599153,"position":5},"title":"Gov\u2019t to sell 70% stake in Siemens-built power plant. 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