{"id":641301,"date":"2017-09-18T04:18:03","date_gmt":"2017-09-18T04:18:03","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/18\/samanoud-and-abo-el-matameer-transformer-stations-get-eur-100-mn\/"},"modified":"2017-09-18T04:18:03","modified_gmt":"2017-09-18T04:18:03","slug":"samanoud-and-abo-el-matameer-transformer-stations-get-eur-100-mn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/18\/samanoud-and-abo-el-matameer-transformer-stations-get-eur-100-mn\/","title":{"rendered":"Samanoud and Abo El Matameer transformer stations get EUR 100 mn"},"content":{"rendered":"<p>BNP Paribas has signed a EUR 100 mn agreement to facilitate financing the construction of two 220\/500 kV transformer stations in Samanoud and Abo El Matameer, <a href=\"http:\/\/www.almalnews.com\/Story\/346044\/12\/%D8%A8%D8%A7%D8%B1%D9%8A%D8%A8%D8%A7-%D9%8A%D8%AF%D8%A8%D8%B1-100-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D9%8A%D9%88%D8%B1%D9%88-%D9%84%D8%A5%D9%86%D8%B4%D8%A7%D8%A1-%D9%85%D8%AD%D8%B7%D8%AA%D9%89-%D9%85%D8%AD%D9%88%D9%84%D8%A7%D8%AA-%D8%B3%D9%85%D9%86%D9%88%D8%AF-%D9%88%D8%A3%D8%A8%D9%88-%D8%A7%D9%84%D9%85%D8%B7%D8%A7%D9%85%D9%8A%D8%B1\">according to Al Mal<\/a>. The funding will be extended to the Finance Ministry on a long-term basis and is guaranteed by Euler Hermes with BNP Paribas the lead arranger. Siemens and Elsewedy Electric are building the stations on an EPC+finance basis after the initial agreement for them was signed at the EEDC in March 2015. The transformer stations will be used to deliver electricity produced at the Burullus power station.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BNP Paribas has signed a EUR 100 mn agreement to facilitate financing the construction of two 220\/500 kV transformer stations in Samanoud and Abo El Matameer, according to Al Mal. The funding will be extended to the Finance Ministry on a long-term basis and is guaranteed by Euler Hermes with BNP Paribas the lead arranger. [&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-641301","post","type-post","status-publish","format-standard","hentry","category-energy","tag-energy","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"6ad76508-e609-47ef-8c45-2c2f27a5f5be","order":"0","is_powered_by":false,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"Samanoud and Abo El Matameer transformer stations get EUR 100 mn","related_issue":[641273],"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>Samanoud and Abo El Matameer transformer stations get EUR 100 mn - 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\/09\/18\/samanoud-and-abo-el-matameer-transformer-stations-get-eur-100-mn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Samanoud and Abo El Matameer transformer stations get EUR 100 mn\" \/>\n<meta property=\"og:description\" content=\"BNP Paribas has signed a EUR 100 mn agreement to facilitate financing the construction of two 220\/500 kV transformer stations in Samanoud and Abo El Matameer, according to Al Mal. The funding will be extended to the Finance Ministry on a long-term basis and is guaranteed by Euler Hermes with BNP Paribas the lead arranger. 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Siemens and El Sewedy Electric will be jointly constructing the stations as part of an MoU the Electricity Ministry\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":638991,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/18\/bnp-paribas-secures-eur-98-5-mn-in-financing-for-eetc-substation\/","url_meta":{"origin":641301,"position":1},"title":"BNP Paribas secures EUR 98.5 mn in financing for EETC substation","author":"enterpriseam admin","date":"18 October 2017","format":false,"excerpt":"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\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":641301,"position":2},"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":648997,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/19\/bnp-paribas-wins-euromoney-trade-finance-nod-as-transaction-of-the-year-for-assiut-and-west-damietta-power-station-financing\/","url_meta":{"origin":641301,"position":3},"title":"BNP Paribas wins Euromoney Trade Finance nod as Transaction of the Year for Assiut and West Damietta power station financing","author":"enterpriseam admin","date":"19 April 2017","format":false,"excerpt":"BNP Paribas\u2019 Assiut and West Damietta power conversion loan facility won Euromoney Trade Finance\u2019s Transaction of the Year Award. The USD 470 facility was to finance conversion of Assiut and West Damietta power stations into combined-cycle, the bank says, noting that \u201cloan proceeds will be used to part-finance a commercial\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":635370,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/03\/egemac-to-build-four-power-transformer-stations-for-egp-900-mn\/","url_meta":{"origin":641301,"position":4},"title":"EGEMAC to build four power transformer stations for EGP 900 mn","author":"enterpriseam admin","date":"3 December 2017","format":false,"excerpt":"EGEMAC will construct four power transformer stations at a total cost of EGP 900 mn, EGEMAC President Medhat Ramadan tells Al Borsa. The company reached an agreement with the New Urban Communities Authority to construct two stations worth a combined EGP 300 mn in New Cairo, and will ink the\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":651279,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/08\/egemac-to-supply-egp-350-mn-machinery-for-two-transformer-stations\/","url_meta":{"origin":641301,"position":5},"title":"EGEMAC to supply EGP 350 mn machinery for two transformer stations","author":"enterpriseam admin","date":"8 February 2017","format":false,"excerpt":"The Egyptian Electricity Transmission Company has contracted the Egyptian German Electrical Manufacturing Company (EGEMAC) to supply machinery for two transformer stations in Sharm El Sheikh and Hurghada at a total cost of EGP 350 mn, EGEMAC Chairman Medhat Ramadan told Al Borsa. 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