{"id":637902,"date":"2017-11-28T04:01:13","date_gmt":"2017-11-28T04:01:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/28\/el-sewedy-electric-marubeni-reach-preliminary-funding-agreement-for-500-mw-wind-power-plant\/"},"modified":"2017-11-28T04:01:13","modified_gmt":"2017-11-28T04:01:13","slug":"el-sewedy-electric-marubeni-reach-preliminary-funding-agreement-for-500-mw-wind-power-plant","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/28\/el-sewedy-electric-marubeni-reach-preliminary-funding-agreement-for-500-mw-wind-power-plant\/","title":{"rendered":"El Sewedy Electric, Marubeni reach preliminary funding agreement for 500 MW wind power plant"},"content":{"rendered":"

El Sewedy Electric and Japan\u2019s Marubeni Corporation have reached a preliminary agreement with Japanese financial institutions to fund their EUR 500 mn, 500 MW wind power plant, sources from El Sewedy tell Al Borsa<\/a>. However, the companies will formally enter funding negotiations once they are allocated land for the project. The consortium is currently in talks with the New and Renewable Energy Authority to decide on the location of the plant, which will be developed over two phases. It remains unclear when the two sides expect to reach a decision. El Sewedy and Marubeni had signed an MoU for the project with the Egyptian Electricity Transmission Company back in March<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

El Sewedy Electric and Japan\u2019s Marubeni Corporation have reached a preliminary agreement with Japanese financial institutions to fund their EUR 500 mn, 500 MW wind power plant, sources from El Sewedy tell Al Borsa. However, the companies will formally enter funding negotiations once they are allocated land for the project. The consortium is currently in […]<\/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":[93,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-637902","post","type-post","status-publish","format-standard","hentry","category-energy","tag-energy","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"0ca84f0b-1bd4-4212-8005-0a0dcf721ddc","order":"0","is_powered_by":true,"section_story_id":"ff5d7d80-f774-4584-a6e6-16f78fb4141f","story_type":"1","photo_url":"","photo_position":"above","related_issue":[637874],"teaser":"","voice_url":""},"yoast_head":"\nEl Sewedy Electric, Marubeni reach preliminary funding agreement for 500 MW wind power 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\/2017\/11\/28\/el-sewedy-electric-marubeni-reach-preliminary-funding-agreement-for-500-mw-wind-power-plant\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"El Sewedy Electric, Marubeni reach preliminary funding agreement for 500 MW wind power plant\" \/>\n<meta property=\"og:description\" content=\"El Sewedy Electric and Japan\u2019s Marubeni Corporation have reached a preliminary agreement with Japanese financial institutions to fund their EUR 500 mn, 500 MW wind power plant, sources from El Sewedy tell Al Borsa. However, the companies will formally enter funding negotiations once they are allocated land for the project. 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The project will be developed under a BOO framework over two phases\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":633994,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/02\/el-sewedy-signs-egp-570-mn-contract-for-works-on-assiut-power-plant\/","url_meta":{"origin":637902,"position":1},"title":"El Sewedy signs EGP 570 mn contract for works on Assiut power plant","author":"enterpriseam admin","date":"2 January 2018","format":false,"excerpt":"A subsidiary of El Sewedy Electric signed an EGP 570 mn agreement with Upper Egypt Electricity Production Company for works on the 650 MW Assiut Power Plant, according to a bourse disclosure. The contract includes mechanical work on the plant and will be completed over 29 months. 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