Mazghouny & Co advises Engazaat on its 20MW+ solar power agreement with Majid Al Futtaim Properties to power retail assets in Egypt and Lebanon over 25 years
Mazghouny & Co has advised award-winning Egyptian solar water company Engazaat on its solar power agreement concluded with Majid Al Futtaim Properties, the leading shopping malls, communities, retail, and leisure pioneer, to provide 20MW+ of solar power capacity in 4 MAFP retail assets in Egypt and Lebanon. This is considered as the largest solar project in […]
Mazghouny & Co assists Scatec with the drafting and negotiation of an agreement with Echem and Mopco related to their joint green ammonia project
Mazghouny & Co assisted Scatec with signing the agreement concluded with the Egyptian Petrochemicals Holding Company (Echem) and Misr Fertilizers Production Company (Mopco). The signing took place on 02 December 2023, during COP28 in Dubai (UAE), and was witnessed by HE Eng Tarek El-Molla, the Egyptian Minister of Petroleum and Mineral Resources, and HE Dr Rania Al-Mashat, the Egyptian Minister […]
Mazghouny & Co advises Engazaat on its agreement for the supply of 7MW of solar power to Jushi in SCZone
Mazghouny & Co has advised Egyptian-based integrated independent power and water producer Engazaat, in a consortium with Chint Global, on the review of its Power Purchase Agreement for the supply of 7MW of solar PV power to world-leading fiberglass manufacturer Jushi to power Jushi Egypt for Fiberglass Industry’s factory in Ain Sokhna, in the Suez […]
Mazghouny & Co advises Scatec on its cooperation agreement with EEHC for the development of Egypt’s largest hybrid solar and battery storage project
Mazghouny & Co has advised Scatec on its early-stage cooperation agreement with the Egyptian Electricity Holding Company (EEHC), signed on 02 December 2023, at COP28, for a 1GW solar and 200 MWh battery storage project. A solar PV and battery storage plant combines two renewable technologies, addressing intermittency challenges, enhancing grid stability, and providing reliable […]
A new bill announced for green hydrogen projects’ incentives
The Cabinet of Ministers has approved in its meeting on 17 May 2023, the long-awaited incentives’ package for green hydrogen and derivatives’ projects established in Egypt, which will shortly be passed into law. Scope. The law will apply to green hydrogen and derivatives’ projects implemented in Egypt, which will conclude project agreements within 5 years […]
A new set of incentives for new and existing investments in Egypt announced by the Supreme Council for Investment
Egypt’s Supreme Council for Investment (SCI), headed by the President of the Republic, has just announced on 16 May 2023, a new set of incentives for existing and new projects and investments in the country. We will continue to watch this space and provide updates as they are made official, as we should expect a […]
Mazghouny & Co assists Scatec with signing a joint development agreement for cooperation with ANRPC to produce biomethanol
Mazghouny & Co has assisted Scatec with signing the joint development agreement concluded with Alexandria National Refining and Petrochemicals Company (ANRPC) for cooperation in the implementation of the first biomethanol production facility in Egypt and the region with a capacity of 40,000 tonnes per year with an investment cost of approximately USD 450 million, to be increased […]
Mazghouny & Co advises Engazaat on its latest digital solar energy solution with Aswaaq Misr
Mazghouny & Co has advised Egyptian-based venture Engazaat, the first integrated independent power and water producer in the country and award-winner among the first cohort of the National Initiative for Smart Green Projects, on their agreement with Aswaaq Misr for the sale of agricultural products on www.agrimisr.com, the first integrated digital agricultural platform in Egypt, […]
Mazghouny & Co assists FMO sign a USD 50 million credit guarantee to support CIB SME customers in Egypt
Mazghouny & Co has assisted FMO, the Dutch entrepreneurial development bank, sign a credit guarantee agreement, worth USD 50 million, with the Commercial International Bank (CIB), Egypt’s leading private sector bank, to cover loans granted to the bank’s micro, small and medium enterprises (MSMEs), including underserved segments. The signing ceremony took place on 09 February 2023. […]
Mazghouny & Co assists Scatec with signing a joint development agreement for cooperation with Echem and Mopco to produce green ammonia
Mazghouny & Co has assisted Scatec with signing the joint development agreement concluded with the Egyptian Petrochemicals Holding Company (Echem) and Misr Fertilizers Production Company (Mopco) for cooperation in the field of implementing green projects that include the production of green ammonia from green hydrogen. The agreement was signed on 23 February, by the chairmen […]