{"id":628190,"date":"2018-06-27T04:15:30","date_gmt":"2018-06-27T04:15:30","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/27\/acwa-looking-to-ipo-sooner-rather-than-later\/"},"modified":"2018-06-27T04:15:30","modified_gmt":"2018-06-27T04:15:30","slug":"acwa-looking-to-ipo-sooner-rather-than-later","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/27\/acwa-looking-to-ipo-sooner-rather-than-later\/","title":{"rendered":"ACWA looking to IPO \u201csooner rather than later\u201d"},"content":{"rendered":"<p><strong>ACWA considers IPO \u201csooner rather than later\u201d:<\/strong> As talk of the anticipated Aramco IPO fades in the media, the focus is back on power plant developer ACWA. The Saudi firm, which boasts a strong portfolio of projects in Egypt, is considering an IPO \u201csooner rather than later\u201d to help feed its growing need for cash, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-06-26\/saudi-generator-weighs-ipo-to-meet-annual-800-million-cash-need\">CEO Paddy Padmanathan tells Bloomberg<\/a>. \u201cAdditional funds could come from partners taking equity stakes in projects, from additional debt and a revolving credit line ACWA has,\u2019 he added. The firm needs USD 800 mn a year in cash to help fund its goals for developing USD 6-8 bn a year of electricity plants. Padmanathan did not reveal when the IPO would take place. ACWA has shown consistent interest in Egyptian energy opportunities, including renewables in the Benban solar park.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ACWA considers IPO \u201csooner rather than later\u201d: As talk of the anticipated Aramco IPO fades in the media, the focus is back on power plant developer ACWA. The Saudi firm, which boasts a strong portfolio of projects in Egypt, is considering an IPO \u201csooner rather than later\u201d to help feed its growing need for cash, [&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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-628190","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"02cde90d-803b-4d2e-934f-a8fe089b4823","order":"0","is_powered_by":true,"section_story_id":"895cf440-5c99-45af-89e4-bd62fc3392bb","story_type":"1","photo_url":"","photo_position":"above","related_issue":[628175],"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>ACWA looking to IPO \u201csooner rather than later\u201d - 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\/2018\/06\/27\/acwa-looking-to-ipo-sooner-rather-than-later\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ACWA looking to IPO \u201csooner rather than later\u201d\" \/>\n<meta property=\"og:description\" content=\"ACWA considers IPO \u201csooner rather than later\u201d: As talk of the anticipated Aramco IPO fades in the media, the focus is back on power plant developer ACWA. The Saudi firm, which boasts a strong portfolio of projects in Egypt, is considering an IPO \u201csooner rather than later\u201d to help feed its growing need for cash, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/27\/acwa-looking-to-ipo-sooner-rather-than-later\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-06-27T04:15:30+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\/2018\/06\/27\/acwa-looking-to-ipo-sooner-rather-than-later\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/27\/acwa-looking-to-ipo-sooner-rather-than-later\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"ACWA looking to IPO \u201csooner rather than later\u201d\",\"datePublished\":\"2018-06-27T04:15:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/27\/acwa-looking-to-ipo-sooner-rather-than-later\/\"},\"wordCount\":141,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/27\/acwa-looking-to-ipo-sooner-rather-than-later\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/27\/acwa-looking-to-ipo-sooner-rather-than-later\/\",\"name\":\"ACWA looking to IPO \u201csooner rather than later\u201d - 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The project has experienced delays as the Electricity Ministry remains undetermined on the location. Padmanathan also noted that nearly USD 14 bn in\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":622870,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/15\/a-string-of-renewable-energy-news-worth-your-attention\/","url_meta":{"origin":628190,"position":2},"title":"A string of renewable energy news worth your attention","author":"enterpriseam admin","date":"15 October 2018","format":false,"excerpt":"A string of news from the energy industry worth your attention this morning: Italy\u2019s Eni is looking to invest USD 300 mn in building solar power stations with a combined production capacity of 300 MW, Electricity Ministry sources said. 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