{"id":5515,"date":"2024-04-29T20:04:14","date_gmt":"2024-04-29T20:04:14","guid":{"rendered":"https:\/\/www.synergyconsultingifa.com\/?p=5515"},"modified":"2024-04-30T16:53:39","modified_gmt":"2024-04-30T16:53:39","slug":"deal-of-the-year-in-ij-global-awards-2023-kom-ombo-solar-pv-project-egypt","status":"publish","type":"post","link":"https:\/\/www.synergyconsultingifa.com\/ar\/news\/deal-of-the-year-in-ij-global-awards-2023-kom-ombo-solar-pv-project-egypt\/","title":{"rendered":"Deal of the Year in IJ Global Awards 2023 – Kom Ombo Solar PV Project, Egypt"},"content":{"rendered":"

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\"\"
Synergy Consulting, Inc., is honored and delighted to support the \u201cKom Ombo Solar PV Project, Egypt” as the Lead and Financial Advisor for the procurement to Egyptian Electricity Transmission Company (EETC)<\/p>\n

\u201cDeal of the Year” award at IJ Global 2023 Awards<\/strong><\/p>\n

The award ceremony took place in The Peninsula Hotel, London, on March 6, 2024.<\/p>\n

Synergy Consulting, Inc. acted as the Lead & Financial Advisor to Egyptian Electricity Transmission Company (EETC) for the procurement of 200 MW<\/strong> Kom Ombo Solar PV Project in Kom Ombo, Aswan Governate, Egypt.Baker Mckenzie and Sargent & Lundy acted as the Legal and Technical Advisors on the Project, respectively.<\/p>\n

The advice was facilitated by the European Bank for Reconstruction and Development (EBRD)<\/p>\n

The Project is the first Solar PV project tendered under the Public Private Partnership Law and is aligned with the Egyptian government\u2019s aim to produce 42% of the country\u2019s electricity from renewable energy sources by 2035 with the lowest tariffs in Africa.<\/p>\n

The Project will be built under Build-Own- Operate (BOO) with the capacity of 200 MW and EETC is the Offtaker of the Project.
This landmark project is expected to serve as a model for bankable and sustainable IPPs in Egypt.<\/p>\n

ACWA Power emerged as the successful bidder during the tender process with the lowest tariff of USD 2.47 cents\/kWh and successfully completed the negotiations & signing of the Project Agreements with EETC.<\/p>\n

The utility-scale plant successfully achieved financial close in Q2 of 2023 and is scheduled to commence operations in 2024.<\/p>\n

Synergy Consulting provided the following services as part of the mandate:<\/p>\n

\u2022 Assisted in bid evaluation and issuing clarifications to the bidders on various commercial, financial, legal, and technical aspects of the bid submissions along with the other advisors;
\u2022 Assisted in selection of preferred bidder and negotiation with the preferred bidder on all aspects of the Project;
\u2022 Supported EETC in finalisation of the Project Agreements;
\u2022 Assisted EETC in meeting its condition precedents under the Project Agreements;
\u2022 Coordinated with EETC to support the developer to achieve financial close of the Project; and
\u2022 Delivered various trainings on tender process, tariff structuring, risk allocation, and contract management to EETC personnel<\/p>\n

Synergy actively works with all our clients on the shared goal of Energy Transition. We support the aspirations of countries to develop renewable energy.<\/p>\n

Synergy is deeply thankful to IJ Global & expresses gratitude for this recognition.<\/p>\n

Synergy thanks all stakeholders, including our clients and financial and private participants and government institutions, for their continued support and trust in making Synergy the Partner of Choice<\/strong>.<\/p>\n

Read the full article here: https:\/\/lnkd.in\/g-QS8nRc<\/a><\/p>\n

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Synergy Consulting, Inc., is honored and delighted to support the \u201cKom Ombo Solar PV Project, Egypt” as the Lead and Financial Advisor for the procurement to Egyptian Electricity Transmission Company (EETC) \u201cDeal of the Year” award at IJ Global 2023 Awards The award ceremony took place in The Peninsula Hotel, London, on March 6, 2024. […]<\/p>\n","protected":false},"author":10,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":"\"Promotion\r\n\r\nSynergy Consulting, Inc. is delighted to announce the promotion<\/strong> of Ankit Chaturvedi to Partner<\/strong>.\r\n\r\nAnkit leads the Asia Practice at Synergy Consulting and has diverse experience in working with both Public Sector and Private Sector clients in the region<\/strong>.\r\n\r\nAnkit<\/strong> is an alumnus of IIM Ahmedabad<\/strong>. He is a team member of Synergy Consulting<\/strong> for 13+ years<\/strong> with a strong experience in leading financing for numerous infrastructure projects across multiple sectors.\r\n\r\nAnkit's strength is also in building teams and trust across geographies. \r\n\r\nAnkit specializes in Project and Structured Financing, Mergers and Acquisitions, and Procurement Advisory.\r\n\r\nHe has contributed to the overall success, growth, and expansion of Synergy over the years.\r\n\r\nAs a Partner, Ankit will continue to strengthen the Asia practice for Synergy Consulting and continue to deliver growth to Synergy and its esteemed clients.\r\n\r\nWe wish Synergy and Ankit and exciting professional journey ahead<\/strong>.\r\n\r\nCongratulations to Ankit on his well-deserved promotion.\r\n\r\n\r\n\r\n","_et_gb_content_width":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-5515","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"yoast_head":"\nDeal of the Year in IJ Global Awards 2023 - Kom Ombo Solar PV Project, Egypt - Synergy Consulting<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.synergyconsultingifa.com\/ar\/news\/deal-of-the-year-in-ij-global-awards-2023-kom-ombo-solar-pv-project-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"ar_AR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Deal of the Year in IJ Global Awards 2023 - Kom Ombo Solar PV Project, Egypt - Synergy Consulting\" \/>\n<meta property=\"og:description\" content=\"Synergy Consulting, Inc., is honored and delighted to support the \u201cKom Ombo Solar PV Project, Egypt" as the Lead and Financial Advisor for the procurement to Egyptian Electricity Transmission Company (EETC) \u201cDeal of the Year" award at IJ Global 2023 Awards The award ceremony took place in The Peninsula Hotel, London, on March 6, 2024. 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