11th of May 2023
Sharkawy & Sarhan acted as Egyptian legal adviser to The European Bank for Reconstruction and Development (EBRD), The OPEC Fund for International Development and The African Development Bank (AFDB) in respect of the financing of a 200 MW solar power plant on a Build, Own, operate (BOO) scheme located in Kom Ombo Aswan and developed by ACWA Power.
Keywords: Infrastructure & Power
We are pleased to announce that we acted as Egyptian legal adviser to The European Bank for Reconstruction and Development (EBRD), The OPEC Fund for International Development and The African Development Bank (AFDB) in respect of the financing of a 200 MW solar power plant on a Build, Own, operate (BOO) scheme located in Kom Ombo Aswan and developed by ACWA Power.
The project is the first tendered utility-scale solar project in Egypt, and one of the first to be delivered under the Energy Pillar of the Nexus Water-Food-Energy #NWFE initiative, whereby the Egyptian authorities are committed to developing 10 GW of new renewable energy projects and decommissioning 5 GW of thermal capacity.
With the signing of this project, the firm further bolsters its outstanding track record in power and renewables having successfully advised on the largest and only two utility-scale solar power projects implemented on a BOO basis after advising on the colossal second round feed-in tariff program.
Well done to our Projects & Infrastructure team led by Partner Mohamed Nabil Hazzaa, Senior Associate Nesma Abdelbary and Associate Nadin Ghaleb! It was a pleasure working with our friends at Latham & Watkins who acted as international counsel for the Lenders.
We are pleased to announce that we acted as Egyptian legal adviser to The European Bank for Reconstruction and Development (EBRD), The OPEC Fund for International Development and The African Development Bank (AFDB) in respect of the financing of a 200 MW solar power plant on a Build, Own, operate (BOO) scheme located in Kom Ombo Aswan and developed by ACWA Power.
The project is the first tendered utility-scale solar project in Egypt, and one of the first to be delivered under the Energy Pillar of the Nexus Water-Food-Energy #NWFE initiative, whereby the Egyptian authorities are committed to developing 10 GW of new renewable energy projects and decommissioning 5 GW of thermal capacity.
With the signing of this project, the firm further bolsters its outstanding track record in power and renewables having successfully advised on the largest and only two utility-scale solar power projects implemented on a BOO basis after advising on the colossal second round feed-in tariff program.
Well done to our Projects & Infrastructure team led by Partner Mohamed Nabil Hazzaa, Senior Associate Nesma Abdelbary and Associate Nadin Ghaleb! It was a pleasure working with our friends at Latham & Watkins who acted as international counsel for the Lenders.
Sharkawy & Sarhan acted as Egyptian legal adviser to The European Bank for Reconstruction and Development (EBRD), The OPEC Fund for International Development and The African Development Bank (AFDB) in respect of the financing of a 200 MW solar power plant on a Build, Own, operate (BOO) scheme located in Kom Ombo Aswan and developed by ACWA Power.
11th of May 2023
Keywords: Infrastructure & Power
We are pleased to announce that we acted as Egyptian legal adviser to The European Bank for Reconstruction and Development (EBRD), The OPEC Fund for International Development and The African Development Bank (AFDB) in respect of the financing of a 200 MW solar power plant on a Build, Own, operate (BOO) scheme located in Kom Ombo Aswan and developed by ACWA Power.
The project is the first tendered utility-scale solar project in Egypt, and one of the first to be delivered under the Energy Pillar of the Nexus Water-Food-Energy #NWFE initiative, whereby the Egyptian authorities are committed to developing 10 GW of new renewable energy projects and decommissioning 5 GW of thermal capacity.
With the signing of this project, the firm further bolsters its outstanding track record in power and renewables having successfully advised on the largest and only two utility-scale solar power projects implemented on a BOO basis after advising on the colossal second round feed-in tariff program.
Well done to our Projects & Infrastructure team led by Partner Mohamed Nabil Hazzaa, Senior Associate Nesma Abdelbary and Associate Nadin Ghaleb! It was a pleasure working with our friends at Latham & Watkins who acted as international counsel for the Lenders.
We are pleased to announce that we acted as Egyptian legal adviser to The European Bank for Reconstruction and Development (EBRD), The OPEC Fund for International Development and The African Development Bank (AFDB) in respect of the financing of a 200 MW solar power plant on a Build, Own, operate (BOO) scheme located in Kom Ombo Aswan and developed by ACWA Power.
The project is the first tendered utility-scale solar project in Egypt, and one of the first to be delivered under the Energy Pillar of the Nexus Water-Food-Energy #NWFE initiative, whereby the Egyptian authorities are committed to developing 10 GW of new renewable energy projects and decommissioning 5 GW of thermal capacity.
With the signing of this project, the firm further bolsters its outstanding track record in power and renewables having successfully advised on the largest and only two utility-scale solar power projects implemented on a BOO basis after advising on the colossal second round feed-in tariff program.
Well done to our Projects & Infrastructure team led by Partner Mohamed Nabil Hazzaa, Senior Associate Nesma Abdelbary and Associate Nadin Ghaleb! It was a pleasure working with our friends at Latham & Watkins who acted as international counsel for the Lenders.
