We advised The Sovereign Fund of Egypt (TSFE) on a landmark development relating to the 580 MW Gabal El Zeit Wind Power Plant in the Red Sea region, a strategic partnership brought together by TSFE alongside the New and Renewable Energy Authority (NREA) and the Egyptian Electricity Transmission Company (EETC), with Alcazar Energy Partners as the private-sector partner and a total investment value of USD 420 million.

The project aligns with Egypt’s National Energy Strategy and State Ownership Policy, bringing world-class private-sector expertise to one of the country’s flagship renewable energy assets.

Our team was led by Hossam Gramon, Partner – Head of Banking and Project Finance; Malak Khalil, Partner – Head of Energy, Environment and Natural Resources; and Radwa ElDerwy, Senior Associate; assisted by Taya Pirinis, Managing Associate; Dina Sharshar, Associate; and Omar Moanes, Associate.

Congratulations to TSFE, the NREA and EETC on this milestone.

Pleased to have worked alongside our colleagues at Alcazar Energy Partners.

For more information, check out Al Mal Newspaper’s coverage here: https://almalnews.com/2118119/