The Clap
The Sovereign Fund of Egypt chose to offer a stake in the Beni Suef Power Plant to strategic investors.
Beni Suef Power Plant
The Beni Suef Power Plant was built by the German company Siemens, Orascom Construction (ORAS), and ElSewedy Electric (SWDY).
The Deets
According to sources, the power plant’s assets will be combined with the sovereign fund’s assets.
The fund will then decide whether a stake will be offered to one strategic investor or minority stakes will be offered to a number of investors.
Why this Matters
The investors will aid in providing the required funding to develop and improve the power plants.
