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

MAFP Engazaat PPA signing for solar power to Egypt and Lebanon malls

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

Scatec Echem Mopco SHA signing COP28 Dubai

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 Scatec on its cooperation agreement with EEHC for the development of Egypt’s largest hybrid solar and battery storage project

Scatec signs PV+BESS cooperation agreement with EEHC at COP28

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

Egypt green hydrogen and derivatives 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 […]

Mazghouny & Co assists Scatec with signing a joint development agreement for cooperation with ANRPC to produce biomethanol

Scatec ANRPC biomethanol JDA signing

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 […]

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 […]