Acquisition of Sidi Krir Power Facility

Situational Analysis

685 megawatt (MW) natural gas-fired power station at Sidi Krir, Egypt, 30 km (20 miles) west of Alexandria on the Mediterranean coast. The plant uses gas supplied by the Egyptian National Gas Company (GASCO), the government owned gas distribution company and produces power for the Egyptian Electricity Holding Company (EEHC).

 

Globeleq, the emerging markets power company, is the fastest growing operating power company solely focused on the emerging markets of Africa, the Americas, and Asia.

 

Fieldstone Role

Fieldstone and EFG Hermes acted as financial advisors to Globeleq in the acquisition of a 100% interest in InterGen Egypt Holdings Ltd, owner of a 61% in Sidi Krir Power Facility.