IFLR1000

Gulf of Suez 250MW IPP onshore wind farm

30/3/2017
Project development, Project finance
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$ 500 million

Announced

30/3/2017

Overview:

  • A consortium of Engie, Toyota Tsusho and Orascom Construction are developing a 250MW onshore wind farm in the Gulf of Suez, with a total project cost in excess of $500 million.
  • It is the first independent power project (IPP) wind farm in Egypt.
  • The Japan Bank for International Cooperation and Nippon Export and Investment Insurance served as lenders on the matter.

Jon Moore - Journalist

Jurisdiction:

Egypt

Deal types:

Project development
Project finance

Practice areas:

Project finance
Project development

Governing laws:

England and Wales
Egypt

Industry sector:

Energy

Firms:
Clifford Chance

Party: Engie (Sponsor)

Party: Orascom Construction (Sponsor)

Party: Toyota Tsusho (Sponsor)

Lawyers: Mohamed Hamra-Krouha, Richard Parris

Milbank

Party: Japan Bank for International Cooperation (Lender)

Party: NEXI - Nippon Export and Investment Insurance (Lender)

Lawyer: John Dewar

Shalakany Law Office

Party: Japan Bank for International Cooperation (Lender)

Party: NEXI - Nippon Export and Investment Insurance (Lender)

Lawyer: Aly El Shalakany

Zaki Hashem & Partners

Party: Engie (Sponsor)

Party: Orascom Construction (Sponsor)

Party: Toyota Tsusho (Sponsor)

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