{"id":323034,"date":"2021-08-23T15:36:17","date_gmt":"2021-08-23T15:36:17","guid":{"rendered":"https:\/\/egy-africa.com\/en\/?p=323034"},"modified":"2021-08-24T10:43:55","modified_gmt":"2021-08-24T10:43:55","slug":"nbe-leads-a-consortium-to-provide-egp4bln-to-the-electricity-transmission-company","status":"publish","type":"post","link":"https:\/\/egy-africa.com\/en\/2021\/08\/23\/nbe-leads-a-consortium-to-provide-egp4bln-to-the-electricity-transmission-company\/","title":{"rendered":"NBE leads a consortium to provide EGP4bln to the Electricity Transmission Company"},"content":{"rendered":"

The National Bank of Egypt<\/a> (NBE), the country\u2019s biggest state lender, is leading a banking consortium to arrange a syndicated loan agreement\u00a0 for State-run Egyptian Electricity Transmission Company (EETC)worth around 4 billion Egyptian pounds ($254.8 million)<\/p>\n

The consortium is led by the National Bank of Egypt (NBE) as the senior mandated lead arranger, facility agent, and bookrunner. The Commercial International Bank (CIB-Egypt) and Banque du Caire are in the consortium as lead arrangers and bookrunners, while National Bank of Kuwait \u2013 Egypt (NBK Egypt) acts as an arranger.<\/p>\n

The signing ceremony was attended by Egyptian Minister of Electricity Mohamed Shaker.<\/p>\n

The loan will partially finance the investment cost of some of EETC\u2019s projects, including building new substations, upgrading existing stations, and installation of new cables and high voltage transmission lines nationwide.<\/p>\n

\"\"
Egyptian Electricity Minister Mohamed Shaker speaks during the signing of the Egyptian Electricity Transmission Company loan on Monday, August 23, 2021<\/figcaption><\/figure>\n
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<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The National Bank of Egypt (NBE), the country\u2019s biggest state lender, is leading a banking consortium to arrange a syndicated loan agreement\u00a0 for State-run Egyptian Electricity Transmission Company (EETC)worth around 4 billion Egyptian pounds ($254.8 million)\u00a0<\/p>\n","protected":false},"author":4,"featured_media":323035,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22,33],"tags":[310,81],"class_list":["post-323034","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","category-main","tag-commercial-international-bank-cib","tag-national-bank-of-egypt"],"yoast_head":"\nNBE leads a consortium to provide EGP4bln to the Electricity Transmission Company - egy-africa<\/title>\n<meta name=\"description\" content=\"The National Bank of Egypt (NBE), the country\u2019s biggest state lender, is 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around 4 billion Egyptian pounds ($254.8 million)\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/egy-africa.com\/en\/2021\/08\/23\/nbe-leads-a-consortium-to-provide-egp4bln-to-the-electricity-transmission-company\/\" \/>\n<meta property=\"og:site_name\" content=\"egy-africa\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-23T15:36:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-08-24T10:43:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/08\/Egyptian-Electricity-Transmission-Company-signs-EGP-4-bln-loan-deal-with-NBE-led-consortium-750x430-1.jpg?fit=750%2C430&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"430\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Aya Abdulghany\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" 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