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 […]
New rules issued by EgyptERA for self-consumption solar PV plants
In addition to allowing mobile telecommunications companies to source part or all of their power consumption from renewable power plants owned by the New and Renewable Energy Authority (NREA) by Circular no. 2/2023, the Egyptian Electric Utility and Consumer Protection Regulatory Agency (EgyptERA) issued new rules in relation to self-consumption solar photovoltaic plants, by Circular […]
Should you seek a Golden License for your new green energy project in Egypt?
Egypt has recently announced a legal framework to facilitate the licensing process for strategic and national projects, as well as public-private partnerships in the utilities sector. The criteria for qualification are specific and the nature of the projects is closely examined by the “Golden Licenses Unit” created within the General Authority for Investment and Free […]
Mazghouny & Co secures the first Golden License for a green hydrogen project at SCZone
Mazghouny & Co has successfully assisted the sponsors’ consortium in obtaining the unified license, also known as the “Golden License”, for a green hydrogen project with a total capacity of 100MW at the Suez Canal Economic Zone (SCZone) in Egypt. The Golden License is a single approval issued to a company for the establishment, operation […]