{"id":642386,"date":"2017-08-13T03:59:48","date_gmt":"2017-08-13T03:59:48","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/13\/electricity-ministry-receives-egp-1-3-bn-tranche-of-egp-37-4-bn-loan\/"},"modified":"2017-08-13T03:59:48","modified_gmt":"2017-08-13T03:59:48","slug":"electricity-ministry-receives-egp-1-3-bn-tranche-of-egp-37-4-bn-loan","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/13\/electricity-ministry-receives-egp-1-3-bn-tranche-of-egp-37-4-bn-loan\/","title":{"rendered":"Electricity Ministry receives EGP 1.3 bn tranche of EGP 37.4 bn loan"},"content":{"rendered":"<p>The Egyptian Electricity Transmission Company received a EGP 1.3 bn tranche of the EGP 37.4 bn facility it signed with a banking consortium <a href=\"https:\/\/enterprise.press\/stories\/2017\/07\/17\/electricity-holding-company-to-sign-two-loans-worth-egp-37-bn\/\">last month<\/a> to upgrade the national grid, <a href=\"http:\/\/www.almalnews.com\/Story\/342774\/59\/%D8%A7%D9%84%D9%83%D9%87%D8%B1%D8%A8%D8%A7%D8%A1-%D8%AA%D8%AD%D8%B5%D9%84--%D8%B9%D9%84%D9%89-%D8%A3%D9%88%D9%84-%D8%B4%D8%B1%D9%8A%D8%AD%D8%A9-%D9%85%D9%86-%D9%82%D8%B1%D8%B6-37-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AC%D9%86%D9%8A%D9%87\">Al Mal reports<\/a>. More tranches will be disbursed in the coming days. The National Bank of Egypt and Banque Misr are <a href=\"http:\/\/www.almalnews.com\/Story\/340405\/12\/%D8%AD%D8%B5%D8%B5-%D8%A7%D9%84%D8%A8%D9%86%D9%88%D9%83-%D9%81%D9%8A-%D8%A3%D9%83%D8%A8%D8%B1-%D8%AA%D9%85%D9%88%D9%8A%D9%84-%D9%84%D9%82%D8%B7%D8%A7%D8%B9-%D8%A7%D9%84%D9%83%D9%87%D8%B1%D8%A8%D8%A7%D8%A1\">set to provide<\/a> EGP 12.2 bn each, while Qatar National Bank will chip in EGP 8 bn. The Arab African International Bank will contribute EGP 3 bn, while CIB will provide EGP 2 bn.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Egyptian Electricity Transmission Company received a EGP 1.3 bn tranche of the EGP 37.4 bn facility it signed with a banking consortium last month to upgrade the national grid, Al Mal reports. More tranches will be disbursed in the coming days. The National Bank of Egypt and Banque Misr are set to provide EGP [&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":[9298],"tags":[2372,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-642386","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"21ce6646-55cc-4cb6-8190-22bac54efa24","order":"0","is_powered_by":true,"section_story_id":"53a039e8-1362-4434-aa89-33406dd3b764","story_type":"1","photo_url":"","photo_position":"above","related_issue":[642347],"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>Electricity Ministry receives EGP 1.3 bn tranche of EGP 37.4 bn loan - 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\/08\/13\/electricity-ministry-receives-egp-1-3-bn-tranche-of-egp-37-4-bn-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Electricity Ministry receives EGP 1.3 bn tranche of EGP 37.4 bn loan\" \/>\n<meta property=\"og:description\" content=\"The Egyptian Electricity Transmission Company received a EGP 1.3 bn tranche of the EGP 37.4 bn facility it signed with a banking consortium last month to upgrade the national grid, Al Mal reports. More tranches will be disbursed in the coming days. The National Bank of Egypt and Banque Misr are set to provide EGP [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/13\/electricity-ministry-receives-egp-1-3-bn-tranche-of-egp-37-4-bn-loan\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-08-13T03:59:48+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\/08\/13\/electricity-ministry-receives-egp-1-3-bn-tranche-of-egp-37-4-bn-loan\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/13\/electricity-ministry-receives-egp-1-3-bn-tranche-of-egp-37-4-bn-loan\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Electricity Ministry receives EGP 1.3 bn tranche of EGP 37.4 bn loan\",\"datePublished\":\"2017-08-13T03:59:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/13\/electricity-ministry-receives-egp-1-3-bn-tranche-of-egp-37-4-bn-loan\/\"},\"wordCount\":89,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"EnterpriseAM\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/13\/electricity-ministry-receives-egp-1-3-bn-tranche-of-egp-37-4-bn-loan\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/13\/electricity-ministry-receives-egp-1-3-bn-tranche-of-egp-37-4-bn-loan\/\",\"name\":\"Electricity Ministry receives EGP 1.3 bn tranche of EGP 37.4 bn loan - 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The amount will be used to pay contractors and suppliers, including Elsewedy Electric,\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597328,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/22\/three-banks-cover-nucas-egp-6-bn-securitization-bond-tranche\/","url_meta":{"origin":642386,"position":1},"title":"Three banks cover NUCA\u2019s EGP 6 bn securitization bond tranche","author":"enterpriseam admin","date":"22 July 2019","format":false,"excerpt":"Three local banks fully covered the EGP 6 bn of securitization bonds offered by the New Urban Communities Authority (NUCA) last week, Al Mal reported. The National Bank of Egypt, CIB, and the Arab African International Bank covered EGP 2 bn each. This is the first tranche of NUCA\u2019s planned\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":638815,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/15\/banque-du-caire-and-the-export-development-bank-join-electricity-loan-consortium\/","url_meta":{"origin":642386,"position":2},"title":"Banque du Caire and The Export Development Bank join electricity loan consortium","author":"enterpriseam admin","date":"15 October 2017","format":false,"excerpt":"Banque du Caire will contribute EGP 3 bn and the Export Development Bank a further EGP 1 bn to an EGP 37.4 bn syndicated facility to the Egyptian Electricity Transmission Company, reports AMAY. EGP 18 bn of the loan is committed to upgrading transmission lines in the grid with the\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":567166,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/14\/nuca-borrows-egp-10-bn-for-infrastructure-projects\/","url_meta":{"origin":642386,"position":3},"title":"NUCA borrows EGP 10 bn for infrastructure projects","author":"enterpriseam admin","date":"14 January 2020","format":false,"excerpt":"The New Urban Communities Authority (NUCA) has borrowed EGP 10 bn from a consortium of banks to finance infrastructure projects, banking sources told Al Shorouk. This is the first tranche of a EGP 20 bn renegotiated loan from the European Bank for Reconstruction and Development and the National Bank of\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":650016,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/14\/eg-bank-qnb-to-fund-21-of-electricity-holding-companys-egp-20-bn-loan\/","url_meta":{"origin":642386,"position":4},"title":"EG Bank, QNB to fund 21% of Electricity Holding Company\u2019s EGP 20 bn loan","author":"enterpriseam admin","date":"14 March 2017","format":false,"excerpt":"The Egyptian Gulf Bank (EG Bank) and Qatar National Bank (QNB) will fund 21% of a EGP 20 bn facility for the Egyptian Electricity Holding Company (EEHC), Al Mal reports. EG Bank will provide EGP 2.5 bn, QNB will contribute with EGP 1.7 bn. The National Bank of Egypt (NBE)\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599859,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/13\/nbe-looks-to-arrange-egp-2-4-bn-syndicated-loan-for-egpc\/","url_meta":{"origin":642386,"position":5},"title":"NBE looks to arrange EGP 2.4 bn syndicated loan for EGPC","author":"enterpriseam admin","date":"13 January 2019","format":false,"excerpt":"The National Bank of Egypt is in talks with local banks to arrange a EGP 2.4 bn syndicated loan for the Egyptian General Petroleum Company (EGPC), banking sources told Al Shorouk. The loan, which includes a USD-denominated tranche, will be used to develop the EGPC\u2019s oil wells.","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/642386","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=642386"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/642386\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/642347"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=642386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=642386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=642386"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=642386"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=642386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}