Infrastructure & Power
Deep understanding of the local market regulatory and procurement challenges
Infrastructure & Power
Deep understanding of the local market regulatory and procurement challenges
We dedicate a team to our infrastructure transactions. We take a ‘one firm approach’ where all our lawyers work seamlessly together to share knowledge, ideas and to explore the limits of the law. We want to provide our clients with an overall package that is commercial, reputable, and competitive.
We believe a good lawyer is approachable, straightforward, and open, listens to you and understands your objectives.
We are familiar with the issues and concerns of financiers, sponsors and the public sector and understand what is required to achieve a properly structured bankable project. We appreciate the risks inherent to these types of transactions as well as the solutions to best mitigate them. We have deep knowledge of our local market and its unique legal, regulatory and procurement challenges and we apply our international mindset to help you navigate it successfully.
We have a prolific power and utilities practice. Our team has unique expertise and in-depth focus in the Egyptian renewable energy sector having advised all financial institutions involved in the second round of the feed-in-tariff program as well as advising on several BOO projects and the first ever distributed generation projects financed by DFIs.
We dedicate a team to our infrastructure transactions. We take a ‘one firm approach’ where all our lawyers work seamlessly together to share knowledge, ideas and to explore the limits of the law. We want to provide our clients with an overall package that is commercial, reputable, and competitive.
We believe a good lawyer is approachable, straightforward, and open, listens to you and understands your objectives.
We are familiar with the issues and concerns of financiers, sponsors and the public sector and understand what is required to achieve a properly structured bankable project. We appreciate the risks inherent to these types of transactions as well as the solutions to best mitigate them. We have deep knowledge of our local market and its unique legal, regulatory and procurement challenges and we apply our international mindset to help you navigate it successfully.
We have a prolific power and utilities practice. Our team has unique expertise and in-depth focus in the Egyptian renewable energy sector having advised all financial institutions involved in the second round of the feed-in-tariff program as well as advising on several BOO projects and the first ever distributed generation projects financed by DFIs.
Featured Deals
General Corporate & Commercial
The European Bank for Reconstruction and Development (EBRD)
on the financing granted to October Dry Port Company, a special purpose vehicle established for the development and construction of the 6th of October Dry Port project, the first Public Private Partnership (PPP) project in this sector, to be implemented under a BOOT scheme. The project was awarded to the consortium between El Sewedy Electric, SLP for Logistic Properties and Schenker Egypt.
The project is particularly unique as it is the first inland dry port to be constructed in Egypt and it is expected to substantially contribute to easing congestion in the Egyptian sea ports.
Banking & Finance
The European Bank for Reconstruction and Development (EBRD)
on the first financing for a distributed generation power project from solar energy with a private offtaker.
General Corporate & Commercial
The International Finance Corporation (IFC), Japan International Cooperation Agency (JICA) and FMO – Dutch entrepreneurial development bank
in relation to the financing of the largest single solar power project on a BOO scheme in Egypt. The transaction is part of a colossal USD 1.1 billion financial package rallied by IFC – International Finance Corporation to the Abydos Solar Company and the Amunet Wind Power Company, subsidiaries of AMEA Power, to build, own, and operate twin solar and wind plants in Egypt.
This groundbreaking project is awarded the ECA, DFI, IFI Deal of the Year 2023 was awarded to AMEA Power’s 1GW Abydos Solar and Amunet Wind (the A&A Twins) at the Bonds, Loans and Sukuk Awards by GFC Media Group presents Bonds & Loans as this is the third prestigious award in a streak for those landmark projects as it comes after the IJGlobal Renewables – Solar Deal of the Year Award for the MENA Region on April 26 and the PFI Global ESG Deal of the Year 2022 awarded earlier on February 22.
General Corporate & Commercial
Preparing a comprehensive report for Shanghai Electric on the legal framework of implementing power projects on Engineering, Procurement and Construction (EPC) basis. Our report included overview of Egyptian foreign investment regulations, public procurement, market admittance for construction contractors and implementation of power projects in Egypt.
Mergers & Acquisitions
Mitsubishi on its acquisition of Metito our work included extensive due diligence on all Metito contracts in Egypt (including JVs, EPC and water supply contracts ).
General Corporate & Commercial
The European Investment Bank “EIB” an in-depth study of the legal, regulatory and institutional frameworks affecting the implementation of Public Private Partnerships (PPPs) in Egypt.
General Corporate & Commercial
SCCT has been working in East Port Said for over 20 years under a concession dated 10 August 1999 and as amended on 20 September 2007 and 29 October 2015 (the “Original Concession Agreement”) and has entered into a new concession (the “New Concession Agreement”, dated 15 November 2022. The Project represents investments related to the Second Terminal under the New Concession Agreement with the General Authority for Suez Canal Economic Zone (“SCZone”) and primarily consists of: (i) expanding the capacity of the existing container terminal by further 955m quay and creating a 48 ha yard; (ii) constructing superstructures; and (iii) purchasing equipment including 12 new electric STSs, 30 new electric RTGs, a fleet of 88 trucks, 2 empty handlers and 4 reach stackers.
General Corporate & Commercial
IFC on the financing of the development of a 300MWh battery energy storage system (BESS) by Abydos Solar Power Company. This transaction represents another significant step forward in Egypt’s renewable energy and storage landscape, building on the landmark Abydos Solar BOO project with the country’s first-ever utility-scale BESS. This entailed the financing of the development of a 300MWh battery energy storage system (BESS) by Abydos Solar Power Company.
General Corporate & Commercial
British International Investment (BII), EBRD and AfDB, in connection with its financing of the Obelisk Solar Power Project, a large-scale renewable energy initiative led by Scatec ASA with a 1 GWp solar photovoltaic (PV) power plant integrated with a 100 MW (200 MWh) battery energy storage system (BESS), located in Egypt. Our role encompassed comprehensive legal due diligence, structuring of the financing package, and negotiation of key project documents, including the power purchase agreement (PPA), implementation agreement, and EPC and O&M contracts.
Featured Deals
Commercial
British International Investment (BII), EBRD and AfDB, in connection with its financing of the Obelisk Solar Power Project, a large-scale renewable energy initiative led by Scatec ASA with a 1 GWp solar photovoltaic (PV) power plant integrated with a 100 MW (200 MWh) battery energy storage system (BESS), located in Egypt. Our role encompassed comprehensive legal due diligence, structuring of the financing package, and negotiation of key project documents, including the power purchase agreement (PPA), implementation agreement, and EPC and O&M contracts.
Commercial
IFC on the financing of the development of a 300MWh battery energy storage system (BESS) by Abydos Solar Power Company. This transaction represents another significant step forward in Egypt’s renewable energy and storage landscape, building on the landmark Abydos Solar BOO project with the country’s first-ever utility-scale BESS. This entailed the financing of the development of a 300MWh battery energy storage system (BESS) by Abydos Solar Power Company.
Commercial
The International Finance Corporation (IFC), Japan International Cooperation Agency (JICA) and FMO – Dutch entrepreneurial development bank in relation to the financing of the largest single solar power project on a BOO scheme in Egypt. The transaction is part of a colossal USD 1.1 billion financial package rallied by IFC – International Finance Corporation to the Abydos Solar Company and the Amunet Wind Power Company, subsidiaries of AMEA Power, to build, own, and operate twin solar and wind plants in Egypt.
Data Privacy & Cyber Security
A number of banks and international financial institutions including the European Bank for Reconstruction and Development (EBRD), the OPEC Fund for International Development (the OPEC Fund) and the African Development Bank (AfDB) on 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.
Commercial
SCCT has been working in East Port Said for over 20 years under a concession dated 10 August 1999 and as amended on 20 September 2007 and 29 October 2015 (the “Original Concession Agreement”) and has entered into a new concession (the “New Concession Agreement”, dated 15 November 2022. The Project represents investments related to the Second Terminal under the New Concession Agreement with the General Authority for Suez Canal Economic Zone (“SCZone”) and primarily consists of: (i) expanding the capacity of the existing container terminal by further 955m quay and creating a 48 ha yard; (ii) constructing superstructures; and (iii) purchasing equipment including 12 new electric STSs, 30 new electric RTGs, a fleet of 88 trucks, 2 empty handlers and 4 reach stackers.
Banking & Finance
Advising IFC, EBRD, Proparco and fifteen (15) other international financial institutions (including AIIB, CDC, AfDB and others) on the USD1.8 billion financing of 30 simultaneous solar projects under round II of the feed-in tariff program.
Commercial
The European Bank for Reconstruction and Development (EBRD) on the financing granted to October Dry Port Company, a special purpose vehicle established for the development and construction of the 6th of October Dry Port project, the first Public Private Partnership (PPP) project in this sector, to be implemented under a BOOT scheme. The project was awarded to the consortium between El Sewedy Electric, SLP for Logistic Properties and Schenker Egypt.
The project is particularly unique as it is the first inland dry port to be constructed in Egypt and it is expected to substantially contribute to easing congestion in the Egyptian sea ports.
Commercial
Preparing a comprehensive report for Wade Adams and a major Chinese power corporation on the legal and regulatory framework of carrying out construction works in Egypt, emphasizing the requirements for market admittance for foreign construction contractors to the Egyptian Constructors’ Union (CU) and any exemptions thereto, the various grades and specializations under the CU, and the available corporate schemes for CU registration.
Banking & Finance
Advising PROPARCO on Egyptian law aspects in relation to the settlement of a EUR 15 million outstanding loan granted to a company suffering from financial distress. The original debtor of the loan was suffering financial distress at the time of the settlement. The most risky part was carrying out the settlement while securing the lenders against insolvency regulations.
Banking & Finance
Advising (With White & Case London) a syndicate of Indian and Egyptian banks on a project financing to TCI Sanmar Chemicals in excess of USD 1 billion to finance the construction of a new petrochemicals processing plant in Port Said, Egypt. This transaction is considered as one of the largest project financings to take place in Egypt.
Banking & Finance
- Contributed to an EBRD’s “Review of laws and practice in the SEMED region” in 2013, by drafting Egypt’s part in the “Public Procurement Sector Assessment: Egypt, Jordan, Morocco, Tunisia” publication.
- Advising (with the World Bank), the Egyptian Electricity Transmission Company on the first wind farm BOO in Egypt’s history.
- Preparing a legal study for the IFC as an advisor to the Ministry of Transport’s PPP unit on the rehabilitation and expansion of the Cairo-Alexandria toll road into a freeway.
Employment
- Advising PROPARCO on all aspects related to the divestment of AJIF & MENAJIF, their two investment funds.
- Advising (with Allen & Overy) Societe Générale on the sale of its entire stake in its listed Egyptian Subsidiary National Societe Générale Bank (“NSGB”) to Qatar National Bank. The value of the transaction amounted to USD 1.97 billion for the stake of Societe Générale which represents 77.17% of the shares of NSGB. The transaction is expected to be one of the largest transactions in 2013.
- Advising (with Allen & Overy) BNP Paribas S.A. on all matters related to the sale of its entire stake in its Egyptian Bank BNP Paribas S.A.E. to Emirates NBD PJSC.
Mergers & Acquisitions
- Advising CGN on the Egyptian law aspects of its acquisition of the energy assets of 1Malaysia Development Berhad.
- Preparing a comprehensive report for Shanghai Electric on the legal framework of implementing power projects on Engineering, Procurement and Construction (EPC) basis. Our report included overview of Egyptian foreign investment regulations, public procurement, market admittance for construction contractors and implementation of power projects in Egypt.
Insights
As well as being knowledgeable, the team is well-resourced, responsive and a pleasure to work with. They have been flexible to meet demanding timetables and have maintained pressure where necessary to keep things moving in a pragmatic, commercial manner.
Sharkawy & Sarhan Law Firm is a key player in the renewable energy space, with a recent focus on the desalination, green hydrogen and solar sectors. The practice is engaged by notable clients, including the International Financial Corporation (IFC) and the Egyptian Ministry of Finance. The team is led by Mohamed Nabil Hazzaa, who has a strong track record in advising on the regulatory aspects of power and renewable energy projects and relevant regulatory frameworks.
They have in-depth knowledge of the sector, provide a detailed legal analysis with practical solutions, and have the ability to liaise effectively with all parties involved and particularly governmental entities.
A great firm – very responsive, with vast experience and well connected.
A firm with a long track record and precedents they can draw from. Well connected to the business and governmental authorities.
S&S are technically competent, professional, commercially minded and always available and cooperative.
Banking & Finance
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Contributed to an EBRD’s “Review of laws and practice in the SEMED region” in 2013, by drafting Egypt’s part in the “Public Procurement Sector Assessment: Egypt, Jordan, Morocco, Tunisia” publication.
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Advising (with the World Bank), the Egyptian Electricity Transmission Company on the first wind farm BOO in Egypt’s history.
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Preparing a legal study for the IFC as an advisor to the Ministry of Transport’s PPP unit on the rehabilitation and expansion of the Cairo-Alexandria toll road into a freeway.
Employment
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Advising PROPARCO on all aspects related to the divestment of AJIF & MENAJIF, their two investment funds.
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Advising (with Allen & Overy) Societe Générale on the sale of its entire stake in its listed Egyptian Subsidiary National Societe Générale Bank (“NSGB”) to Qatar National Bank. The value of the transaction amounted to USD 1.97 billion for the stake of Societe Générale which represents 77.17% of the shares of NSGB. The transaction is expected to be one of the largest transactions in 2013.
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Advising (with Allen & Overy) BNP Paribas S.A. on all matters related to the sale of its entire stake in its Egyptian Bank BNP Paribas S.A.E. to Emirates NBD PJSC.
Mergers & Acquisitions
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Advising CGN on the Egyptian law aspects of its acquisition of the energy assets of 1Malaysia Development Berhad.
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Preparing a comprehensive report for Shanghai Electric on the legal framework of implementing power projects on Engineering, Procurement and Construction (EPC) basis. Our report included overview of Egyptian foreign investment regulations, public procurement, market admittance for construction contractors and implementation of power projects in Egypt.
Insights
Sharkawy & Sarhan Law Firm is a key player in the renewable energy space, with a recent focus on the desalination, green hydrogen and solar sectors. The practice is engaged by notable clients, including the International Financial Corporation (IFC) and the Egyptian Ministry of Finance. The team is led by Mohamed Nabil Hazzaa, who has a strong track record in advising on the regulatory aspects of power and renewable energy projects and relevant regulatory frameworks.
Sharkawy & Sarhan Law Firm’s ‘well-resourced’ team regularly acts for sponsors and public sector entities in large energy and infrastructure transactions. Under the leadership of Mohamed Nabil Hazzaa, the practice has recently been engaged in renewable energy projects, along with major port and dry port infrastructure transactions, often involving public-private partnerships.
As well as being knowledgeable, the team is well-resourced, responsive and a pleasure to work with. They have been flexible to meet demanding timetables and have maintained pressure where necessary to keep things moving in a pragmatic, commercial manner.
They have in-depth knowledge of the sector, provide a detailed legal analysis with practical solutions, and have the ability to liaise effectively with all parties involved and particularly governmental entities.
A great firm – very responsive, with vast experience and well connected.
A firm with a long track record and precedents they can draw from. Well connected to the business and governmental authorities.
S&S are technically competent, professional, commercially minded and always available and cooperative.