{"id":632350,"date":"2018-02-08T04:21:06","date_gmt":"2018-02-08T04:21:06","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/08\/benban-receives-thomson-reuters-project-finance-award-companies-break-on-projects-ground-after-receiving-licenses\/"},"modified":"2018-02-08T04:21:06","modified_gmt":"2018-02-08T04:21:06","slug":"benban-receives-thomson-reuters-project-finance-award-companies-break-on-projects-ground-after-receiving-licenses","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/08\/benban-receives-thomson-reuters-project-finance-award-companies-break-on-projects-ground-after-receiving-licenses\/","title":{"rendered":"Benban receives Thomson Reuters project finance award, companies break on projects ground after receiving licenses"},"content":{"rendered":"

<\/a> The Benban solar power complex won Thomson Reuters\u2019 Project Finance International Award for \u201cGlobal Multilateral [transaction] of the Year\u201d yesterday.<\/strong> The USD 2 bn complex, where 30 solar power plants will eventually generate around 1.5 GW of power, represents the second phase of Egypt\u2019s feed-in tariff (FiT) program and is being funded by<\/a> a number of international lenders, including the International Finance Corporation and European Bank for Reconstruction and Development. The award \u201ccrowns the success of the (FiT) and its participants,\u201d according to a statement from our friends at Zulficar and Partners (pdf)<\/a>, who had acted as legal counsel for the Egyptian Electricity Transmission Company on the project.<\/p>\n

Companies <\/strong>broke ground on their respective projects<\/strong><\/a> in Benban this week <\/strong>after receiving their 25-year power production licenses from the Egyptian Electric Utility and Consumer Protection Agency (Egyptera), Al Borsa reported yesterday<\/a>. The Finance Ministry had issued letters<\/a> of guarantee earlier this month.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Benban solar power complex won Thomson Reuters\u2019 Project Finance International Award for \u201cGlobal Multilateral [transaction] of the Year\u201d yesterday. The USD 2 bn complex, where 30 solar power plants will eventually generate around 1.5 GW of power, represents the second phase of Egypt\u2019s feed-in tariff (FiT) program and is being funded by a number […]<\/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-632350","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"725f2628-dd0b-4718-a363-861557e6b191","order":"0","is_powered_by":true,"section_story_id":"151d6a83-f210-41f3-91ce-87d21031861f","story_type":"1","photo_url":"","photo_position":"above","related_issue":[632335],"teaser":"","voice_url":""},"yoast_head":"\nBenban receives Thomson Reuters project finance award, companies break on projects ground after receiving licenses - 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\/02\/08\/benban-receives-thomson-reuters-project-finance-award-companies-break-on-projects-ground-after-receiving-licenses\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Benban receives Thomson Reuters project finance award, companies break on projects ground after receiving licenses\" \/>\n<meta property=\"og:description\" content=\"The Benban solar power complex won Thomson Reuters\u2019 Project Finance International Award for \u201cGlobal Multilateral [transaction] of the Year\u201d yesterday. The USD 2 bn complex, where 30 solar power plants will eventually generate around 1.5 GW of power, represents the second phase of Egypt\u2019s feed-in tariff (FiT) program and is being funded by a number […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/08\/benban-receives-thomson-reuters-project-finance-award-companies-break-on-projects-ground-after-receiving-licenses\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-02-08T04:21:06+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\/02\/08\/benban-receives-thomson-reuters-project-finance-award-companies-break-on-projects-ground-after-receiving-licenses\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/08\/benban-receives-thomson-reuters-project-finance-award-companies-break-on-projects-ground-after-receiving-licenses\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Benban receives Thomson Reuters project finance award, companies break on projects ground after receiving licenses\",\"datePublished\":\"2018-02-08T04:21:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/08\/benban-receives-thomson-reuters-project-finance-award-companies-break-on-projects-ground-after-receiving-licenses\/\"},\"wordCount\":164,\"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\/02\/08\/benban-receives-thomson-reuters-project-finance-award-companies-break-on-projects-ground-after-receiving-licenses\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/08\/benban-receives-thomson-reuters-project-finance-award-companies-break-on-projects-ground-after-receiving-licenses\/\",\"name\":\"Benban receives Thomson Reuters project finance award, companies break on projects ground after receiving licenses - 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Shahid Law Firm was local legal advisor to Scatec on the financing, with Donia El-Mazghouny acting as\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":626015,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/28\/taqa-arabia-hassan-allam-break-ground-on-egp-1-35-bn-solar-plant-in-benban-complex\/","url_meta":{"origin":632350,"position":1},"title":"TAQA Arabia, Hassan Allam break ground on EGP 1.35 bn solar plant in Benban complex","author":"enterpriseam admin","date":"28 August 2018","format":false,"excerpt":"Qalaa Holdings subsidiary TAQA Arabia and Hassan Allam Holding have begun constructing their EGP 1.35 bn, 50 MW solar power plant in Aswan\u2019s Benban complex, Qalaa said in a statement to the EGX (pdf). The project is being finance by five international institutions, including the International Finance Corporation, according to\u2026","rel":"","context":"In "Energy"","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":639477,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/30\/egypt-seals-usd-635-mn-funding-agreement-with-ifc-for-benban-solar-power-complex\/","url_meta":{"origin":632350,"position":2},"title":"Egypt seals USD 635 mn funding agreement with IFC for Benban solar power complex","author":"enterpriseam admin","date":"30 October 2017","format":false,"excerpt":"Egypt seals USD 635 mn funding agreement with IFC for Benban solar power complex: Investment Minister Sahar Nasr signed a USD 653 mn debt package agreement with the International Finance Corporation (IFC) to fund the development of 13 solar power plants at the Benban complex, according to an official statement.\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":639384,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/29\/ifc-channels-usd-653-mn-loan-to-benban-solar-complex\/","url_meta":{"origin":632350,"position":3},"title":"IFC channels USD 653 mn loan to Benban solar complex","author":"enterpriseam admin","date":"29 October 2017","format":false,"excerpt":"The International Finance Corporation (IFC) will announce today a USD 653 mn debt package to finance the development of 13 solar power plants part of the feed-in tariff program in Benban, the IFC said in a statement this morning (pdf). 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