8th of July, 2015
Partner Ahmed El Sharkawy joins as a speaker at the “Second Egypt Power, Infrastructure and New Energy Investment Forum”
Keywords: Infrastructure & Projects, Oil & Gas and Mineral Resources, Banking & Finance
Partner Ahmed El Sharkawy joins as a speaker at the “Second Egypt Power, Infrastructure and New Energy Investment Forum” held on 29 and 30 April.
Ahmed offered a presentation regarding the legal framework for the power sector in Egypt and the applicable tendering rules.
Moreover, the EBRD representatives indicated their support to the power sector in Egypt and offered high-level bankability issues as follows:
Convertibility
Issue: Iimportance of accessing USD at the specified rate
Recommendation: Contractual undertaking from EETC to ensure convertibility+ Central Bank / MoF confirmation of priority for renewable projects
Process
Isuue: clear steps that give development certainty
Recommendation: Early award of PPA, land and temporary license–specified number of months in which to achieve financial close
Classic take or pay structure
Isuue: no demand, grid or price risk for developer
Recommendation: Clear “deemed revenue” payment for political force majeure disruption, grid unavailability or late completion by EETC
New sector
Issue: first ever private renewable projects and first private power projects for 15 years
Recommendation: To mobilize wide globalinterest, be “pro-developer” for the first projects
The event also covered important topics during its sessions such as; Egypt`s New Energy market; The Milestones, opportunities & risks; Electricity and Power generation infrastructure developments and; Egypt’s Feed In Tariff program: optimizing the legal and financial framework.
The Second Egypt Power, Infrastrusture and New Energy investment forum was sponsored by: TAQA, the EBRD, CIB, ABB, the American Chamber of Commerce and the EBA.
Ahmed offered a presentation regarding the legal framework for the power sector in Egypt and the applicable tendering rules.
Moreover, the EBRD representatives indicated their support to the power sector in Egypt and offered high-level bankability issues as follows:
Convertibility
Issue: Iimportance of accessing USD at the specified rate
Recommendation: Contractual undertaking from EETC to ensure convertibility+ Central Bank / MoF confirmation of priority for renewable projects
Process
Isuue: clear steps that give development certainty
Recommendation: Early award of PPA, land and temporary license–specified number of months in which to achieve financial close
Classic take or pay structure
Isuue: no demand, grid or price risk for developer
Recommendation: Clear “deemed revenue” payment for political force majeure disruption, grid unavailability or late completion by EETC
New sector
Issue: first ever private renewable projects and first private power projects for 15 years
Recommendation: To mobilize wide globalinterest, be “pro-developer” for the first projects
The event also covered important topics during its sessions such as; Egypt`s New Energy market; The Milestones, opportunities & risks; Electricity and Power generation infrastructure developments and; Egypt’s Feed In Tariff program: optimizing the legal and financial framework.
The Second Egypt Power, Infrastrusture and New Energy investment forum was sponsored by: TAQA, the EBRD, CIB, ABB, the American Chamber of Commerce and the EBA.
Partner Ahmed El Sharkawy joins as a speaker at the “Second Egypt Power, Infrastructure and New Energy Investment Forum”
8 July, 2015
Keywords: Infrastructure & Projects, Oil & Gas and Mineral Resources, Banking & Finance
Partner Ahmed El Sharkawy joins as a speaker at the “Second Egypt Power, Infrastructure and New Energy Investment Forum” held on 29 and 30 April.
Ahmed offered a presentation regarding the legal framework for the power sector in Egypt and the applicable tendering rules.
Moreover, the EBRD representatives indicated their support to the power sector in Egypt and offered high-level bankability issues as follows:
Convertibility
Issue: Iimportance of accessing USD at the specified rate
Recommendation: Contractual undertaking from EETC to ensure convertibility+ Central Bank / MoF confirmation of priority for renewable projects
Process
Isuue: clear steps that give development certainty
Recommendation: Early award of PPA, land and temporary license–specified number of months in which to achieve financial close
Classic take or pay structure
Isuue: no demand, grid or price risk for developer
Recommendation: Clear “deemed revenue” payment for political force majeure disruption, grid unavailability or late completion by EETC
New sector
Issue: first ever private renewable projects and first private power projects for 15 years
Recommendation: To mobilize wide globalinterest, be “pro-developer” for the first projects
The event also covered important topics during its sessions such as; Egypt`s New Energy market; The Milestones, opportunities & risks; Electricity and Power generation infrastructure developments and; Egypt’s Feed In Tariff program: optimizing the legal and financial framework.
The Second Egypt Power, Infrastrusture and New Energy investment forum was sponsored by: TAQA, the EBRD, CIB, ABB, the American Chamber of Commerce and the EBA.
Ahmed offered a presentation regarding the legal framework for the power sector in Egypt and the applicable tendering rules.
Moreover, the EBRD representatives indicated their support to the power sector in Egypt and offered high-level bankability issues as follows:
Convertibility
Issue: Iimportance of accessing USD at the specified rate
Recommendation: Contractual undertaking from EETC to ensure convertibility+ Central Bank / MoF confirmation of priority for renewable projects
Process
Isuue: clear steps that give development certainty
Recommendation: Early award of PPA, land and temporary license–specified number of months in which to achieve financial close
Classic take or pay structure
Isuue: no demand, grid or price risk for developer
Recommendation: Clear “deemed revenue” payment for political force majeure disruption, grid unavailability or late completion by EETC
New sector
Issue: first ever private renewable projects and first private power projects for 15 years
Recommendation: To mobilize wide globalinterest, be “pro-developer” for the first projects
The event also covered important topics during its sessions such as; Egypt`s New Energy market; The Milestones, opportunities & risks; Electricity and Power generation infrastructure developments and; Egypt’s Feed In Tariff program: optimizing the legal and financial framework.
The Second Egypt Power, Infrastrusture and New Energy investment forum was sponsored by: TAQA, the EBRD, CIB, ABB, the American Chamber of Commerce and the EBA.
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