TSFE’s agreement with C2X

Matouk Bassiouny & Hennawy were the legal advisors for TSFE Infrastructure and Utilities Sub Fund (TSFE), for itself and acting on behalf of the New and Renewable Energy Authority (NREA), The Egyptian Electricity Transmission Company (EETC), and Suez Canal Economic Zone Authority (SCZONE).

With the Egyptian Prime Minister present, TSFE negotiated an agreement to develop various facilities including renewable energy power plants. This project is a significant step in promoting Egypt’s Green fuel market. The agreement was signed in the new administrative capital with the Minister of Electricity and Renewable Energy and the Minister of Planning and Economic Development present.

C2X, an affiliate of A.P. Møller Holding A/S and A.P. Møller – Mærsk A/S, aims to enable and accelerate large-scale production of green methanol in Egypt.

TSFE places infrastructure projects at the core of the Funds’ activities as they serve as a means of direct investment in Egypt’s development.

Matouk Bassiouny & Hennawy team, led by Mahmoud S. Bassiouny, provided legal advice to TSFE during this agreement.



Source

Rate this post

Leave a Comment