{"id":602437,"date":"2019-03-27T03:55:51","date_gmt":"2019-03-27T03:55:51","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/finance-ministry-issues-financial-guarantee-for-oyoun-moussa-plant\/"},"modified":"2019-03-27T03:55:51","modified_gmt":"2019-03-27T03:55:51","slug":"finance-ministry-issues-financial-guarantee-for-oyoun-moussa-plant","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/finance-ministry-issues-financial-guarantee-for-oyoun-moussa-plant\/","title":{"rendered":"Finance Ministry issues financial guarantee for Oyoun Moussa plant"},"content":{"rendered":"<p>The Finance Ministry issued a financial guarantee for Al Nowais\u2019 USD 4 bn 2.65 GW Oyoun Moussa coal plant, a source from the Electricity Ministry <a href=\"https:\/\/almalnews.com\/%D8%A7%D9%84%D9%83%D9%87%D8%B1%D8%A8%D8%A7%D8%A1-%D8%AA%D8%AA%D8%B3%D9%84%D9%85-%D8%A7%D9%84%D8%B6%D9%85%D8%A7%D9%86%D8%A9-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D9%84%D9%85%D8%B4\/\">tells Al Mal<\/a>. Al Nowais had <a href=\"https:\/\/enterprise.press\/stories\/2019\/01\/31\/al-nowais-eetc-to-sign-power-plant-agreement-in-1q2019\/\">previously said<\/a> it is putting up 70% of the capital for the project, and was in talks with backers in Singapore, South Korea, China, and Egypt to fund the remaining 30%. The Emirati investment group is expected to sign a power purchase agreement with the Egyptian Electricity Transmission Company (EETC) by 1Q2019.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Finance Ministry issued a financial guarantee for Al Nowais\u2019 USD 4 bn 2.65 GW Oyoun Moussa coal plant, a source from the Electricity Ministry tells Al Mal. Al Nowais had previously said it is putting up 70% of the capital for the project, and was in talks with backers in Singapore, South Korea, China, [&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":[903,1401,93,72,125],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-602437","post","type-post","status-publish","format-standard","hentry","category-energy","tag-al-nowais","tag-egyptian-electricity-holding-company","tag-energy","tag-enterpriseam","tag-investment-watch","wpautop","entry"],"acf":{"mongo_id":"ec3f2364-8e1d-45ac-8c84-56289716b6e6","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[602407],"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>Finance Ministry issues financial guarantee for Oyoun Moussa plant - 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\/03\/27\/finance-ministry-issues-financial-guarantee-for-oyoun-moussa-plant\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Finance Ministry issues financial guarantee for Oyoun Moussa plant\" \/>\n<meta property=\"og:description\" content=\"The Finance Ministry issued a financial guarantee for Al Nowais\u2019 USD 4 bn 2.65 GW Oyoun Moussa coal plant, a source from the Electricity Ministry tells Al Mal. Al Nowais had previously said it is putting up 70% of the capital for the project, and was in talks with backers in Singapore, South Korea, China, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/finance-ministry-issues-financial-guarantee-for-oyoun-moussa-plant\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-03-27T03:55:51+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\/03\/27\/finance-ministry-issues-financial-guarantee-for-oyoun-moussa-plant\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/finance-ministry-issues-financial-guarantee-for-oyoun-moussa-plant\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Finance Ministry issues financial guarantee for Oyoun Moussa plant\",\"datePublished\":\"2019-03-27T03:55:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/finance-ministry-issues-financial-guarantee-for-oyoun-moussa-plant\/\"},\"wordCount\":88,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Al Nowais\",\"Egyptian Electricity Holding Company\",\"energy\",\"EnterpriseAM\",\"investment watch\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/finance-ministry-issues-financial-guarantee-for-oyoun-moussa-plant\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/finance-ministry-issues-financial-guarantee-for-oyoun-moussa-plant\/\",\"name\":\"Finance Ministry issues financial guarantee for Oyoun Moussa plant - 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The project was first announced back in 2015, and experienced several stalls before\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":622780,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/11\/oyoun-moussa-coal-plant-acwas-luxor-power-plant-to-go-live-in-four-years\/","url_meta":{"origin":602437,"position":1},"title":"Oyoun Moussa coal plant, ACWA\u2019s Luxor power plant to go live in four years","author":"enterpriseam admin","date":"11 October 2018","format":false,"excerpt":"Construction of Abu Dhabi\u2019s Al Nowais Investments\u2019 USD 4 bn coal power station in Oyoun Moussa and Saudi\u2019s ACWA Power\u2019s USD 2.2 bn power plant in Luxor should be complete in four years\u2019 time, an unnamed source at the Electricity Ministry tells Amwal Al Ghad. The Electricity Ministry expects to\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":600319,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/27\/egypt-to-sign-ppa-for-al-nowais-coal-plant-within-one-month\/","url_meta":{"origin":602437,"position":2},"title":"Egypt to sign PPA for Al Nowais coal plant within one month","author":"enterpriseam admin","date":"27 January 2019","format":false,"excerpt":"The Egyptian Electricity Transmission Company (EETC) plans to sign the final power purchase agreement (PPA) with Al Nowais for its USD 4 bn, 2.65 GW coal-fired power plant in Oyoun Moussa within a month, according to an EETC source. EETC has agreed to purchase the power produced from the plant\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":593568,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/02\/egypt-withdraws-usd-4-bn-contract-with-al-nowais-for-2-65-gw-coal-plant\/","url_meta":{"origin":602437,"position":3},"title":"Egypt withdraws USD 4 bn contract with Al Nowais for 2.65 GW coal plant","author":"enterpriseam admin","date":"2 October 2019","format":false,"excerpt":"INVESTMENT WATCH- Looks like the Al Nowais \u201cclean coal\u201d project may not happen after all: The Electricity Ministry has withdrawn a contract with the UAE\u2019s Al Nowais to build a USD 4 bn, 2.65 GW \u201cclean coal\u201d power station in Oyoun Mousa, government sources told the local press. The sources\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":600505,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/31\/al-nowais-eetc-to-sign-power-plant-agreement-in-1q2019\/","url_meta":{"origin":602437,"position":4},"title":"Al Nowais, EETC to sign power plant agreement in 1Q2019","author":"enterpriseam admin","date":"31 January 2019","format":false,"excerpt":"INVESTMENT WATCH- Al Nowais, EETC to sign coal power plant agreement in 1Q2019: Al Nowais will sign a contract with the Egyptian Electricity Transmission Company (EETC) for the proposed USD 4 bn Oyoun Moussa coal-fired power plant in 1Q2019, Chairman Hussain Al Nowais told Zawya. The head of the Emirati\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":630248,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/16\/eehc-to-reach-final-agreement-on-al-nowais-oyoun-mousa-coal-plant-by-june\/","url_meta":{"origin":602437,"position":5},"title":"EEHC to reach final agreement on Al Nowais\u2019 Oyoun Mousa coal plant by June","author":"enterpriseam admin","date":"16 April 2018","format":false,"excerpt":"The Egyptian Electricity Holding Company (EEHC) is expected to reach a final agreement with the UAE\u2019s Al Nowais for its USD 4 bn \u201cclean coal\u201d power station in Oyoun Mousa by June, an EEHC source said, Al Mal reports. The two sides are still negotiating the feed-in tariff rate for\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\/602437","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=602437"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/602437\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/602407"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=602437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=602437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=602437"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=602437"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=602437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}