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Siemens energized two substations that will transmit electricity generated in Beni Suef and Burullus to Egypt’s power grid.Press Release - 14-Dec-2016
The substations are set to transmit the generated electricity from Beni Suef, Burullus plants to Egypt's national power grid.Amwal Alghad - 14-Dec-2016
12 April 2016Over EUR 3.5 billion to finance the largest combined cycle power plants in the worldDeutsche Bank, HSBC and KfW IPEX-Bank structure and arrange ECA-underwritten financing for 17 international banksGerman technology expert Siemens to deliver its latest generation of gas turbines to Egypt for the three high-efficiency power plantsDeutsche Bank, HSBC and KfW IPEX-Bank have jointly structPress Release - 12-Apr-2016
12 April 2016 Deutsche Bank, HSBC and KfW's Ipex Bank have arranged €3.5 billion ($4 billion) in financing for state-owned Egyptian Electricity Holding Company to buy three gas power plants from Siemens, Deutsche Bank announced Tuesday.The financing is for the Beni Suef, Burullus and New Capital combined cycle power plants in Egypt.The three are syndicating the debt to a consortium of 17 internatiAmwal Alghad - 12-Apr-2016
The 500/220 kV (kilovolt) substations will transmit power generated by the new Siemens-built power plants in Beni Suef and Burullus into Egypt's power grid.Press Release - 22-Dec-2015
Changes in the global political climate have resulted in increasing uncertainty in trading markets and economies around the world. For investors, this could be either a great time to invest in assets or a better time to protect their net worth.
The UAE is embracing technology innovation with a vengeance and has seen digital payment systems become a key area of focus.