{"id":638991,"date":"2017-10-18T04:04:28","date_gmt":"2017-10-18T04:04:28","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/18\/bnp-paribas-secures-eur-98-5-mn-in-financing-for-eetc-substation\/"},"modified":"2017-10-18T04:04:28","modified_gmt":"2017-10-18T04:04:28","slug":"bnp-paribas-secures-eur-98-5-mn-in-financing-for-eetc-substation","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/18\/bnp-paribas-secures-eur-98-5-mn-in-financing-for-eetc-substation\/","title":{"rendered":"BNP Paribas secures EUR 98.5 mn in financing for EETC substation"},"content":{"rendered":"<p>The Egyptian Electricity Transmission Company (EETC) achieved financial close on the EUR 98.5 mn facility for the Samanoud and Abo El Matamir high-voltage substations. BNP Paribas acted as initial mandated lead arranger and facility agent for the loan, which will finance 85% of the FX portion of the commercial contract between EETC and its consortium of contractors, Elsewedy Electric and Siemens. The loan is payable over 12 years. The transaction marks BNP Paribas\u2019 second consecutive agreement with EETC following the EUR 200 mn loan in 2016 for six substations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Egyptian Electricity Transmission Company (EETC) achieved financial close on the EUR 98.5 mn facility for the Samanoud and Abo El Matamir high-voltage substations. BNP Paribas acted as initial mandated lead arranger and facility agent for the loan, which will finance 85% of the FX portion of the commercial contract between EETC and its consortium [&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":[93,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-638991","post","type-post","status-publish","format-standard","hentry","category-energy","tag-energy","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"f8356e07-74e9-401e-82d4-90fccc68efd1","order":"0","is_powered_by":true,"section_story_id":"c0bf1722-a0d7-4ce1-975b-b5141bd72806","story_type":"1","photo_url":"","photo_position":"above","related_issue":[638955],"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>BNP Paribas secures EUR 98.5 mn in financing for EETC substation - 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\/10\/18\/bnp-paribas-secures-eur-98-5-mn-in-financing-for-eetc-substation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BNP Paribas secures EUR 98.5 mn in financing for EETC substation\" \/>\n<meta property=\"og:description\" content=\"The Egyptian Electricity Transmission Company (EETC) achieved financial close on the EUR 98.5 mn facility for the Samanoud and Abo El Matamir high-voltage substations. BNP Paribas acted as initial mandated lead arranger and facility agent for the loan, which will finance 85% of the FX portion of the commercial contract between EETC and its consortium [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/18\/bnp-paribas-secures-eur-98-5-mn-in-financing-for-eetc-substation\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-18T04:04:28+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\/2017\/10\/18\/bnp-paribas-secures-eur-98-5-mn-in-financing-for-eetc-substation\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/18\/bnp-paribas-secures-eur-98-5-mn-in-financing-for-eetc-substation\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"BNP Paribas secures EUR 98.5 mn in financing for EETC substation\",\"datePublished\":\"2017-10-18T04:04:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/18\/bnp-paribas-secures-eur-98-5-mn-in-financing-for-eetc-substation\/\"},\"wordCount\":94,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"energy\",\"EnterpriseAM\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/18\/bnp-paribas-secures-eur-98-5-mn-in-financing-for-eetc-substation\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/18\/bnp-paribas-secures-eur-98-5-mn-in-financing-for-eetc-substation\/\",\"name\":\"BNP Paribas secures EUR 98.5 mn in financing for EETC substation - 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The loan will be used to finance part of EETC's plan to build and upgrade five high voltage substations 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":649658,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/06\/eur-238-mn-siemens-contract-85-financed-by-bnp-paribas-used-eca-backed-funding\/","url_meta":{"origin":638991,"position":1},"title":"EUR 238 mn Siemens contract 85% financed by BNP Paribas, used ECA-backed funding","author":"enterpriseam admin","date":"6 March 2017","format":false,"excerpt":"The EUR 238 mn contract signed with Siemens for six power transmission stations was 85% financed by foreign loans led by BNP Paribas as Coordinating MLA and Facility Agent and was closed in November. The loan benefited from a sovereign guarantee by the Finance Ministry and insurance by Germany's state-owned\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":593379,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/26\/elsewedy-eetc-ink-egp-687-mn-contract-to-expand-toshka-2-benban-3-substations\/","url_meta":{"origin":638991,"position":2},"title":"Elsewedy, EETC ink EGP 687 mn contract to expand Toshka 2, Benban 3 substations","author":"enterpriseam admin","date":"26 November 2019","format":false,"excerpt":"Elsewedy Electric subsidiary Elsewedy Electric for Trading and Distribution has signed a EGP 687 mn contract with the Egyptian Electricity Transmission Company (EETC) to expand the Toshka 2 and Benban 3 substations, Elsewedy said in a statement (pdf). The project, which will be completed in 12 months, is a precursor\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":652206,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/03\/bnp-paribas-leads-syndicate-funding-eur-200-mn-power-transmission-stations\/","url_meta":{"origin":638991,"position":3},"title":"BNP Paribas leads syndicate funding EUR 200 mn power transmission stations","author":"enterpriseam admin","date":"3 January 2017","format":false,"excerpt":"A syndicate led by BNP Paribas has signed an EPC-plus-finance funding agreement with the Egyptian Electricity Transmission Company for six new power transmission stations worth EUR 200 mn, Al Borsa reported. 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