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FINANCIAL NEWS
Egypt Elect confirms with NI Capital to set up 4 firms
23 May 2016
(MENAFN) The Ministry of Elect and Renewable Energy confirmed with NI Capital Co. to promote and cover the IPO, in order to establish four companies for electricity production.
Moreover, three of the firms applied by the German firm Siemens in Borollos, the New Administrative Capital and Beni Suef.
Additionally, Siemens will establish three joined power plants, which the exhaust gas will be reused to produce energy at a cost of USD 6.73bn and USD 4.48bn of the land and equipment.
The fourth co. will be responsible for the operation and maintenance of these plans with investments of USD 2.3bn, which is part of the five-year plan to enhance capacity.
More News
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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