Egypt: The Energy Hub

Energy Sources in Egypt

Hydropower

Oil

Natural Gas

Coal

Wind

Nuclear

Solar

Established 1953 - One of the oldest and largest law firmsin Egypt and EMEA

High Electrical Power System Size

Electricity first introduced in Egypt in 1893

2010 24,700 GW

2016 45 GW

2018 55.1 GW

2019/20 59.4 GW (Target)

100 fee earners + 170 employees

Connectivity in the RegionEgypt-Jordan Interconnection (500 MW) Completed

Egypt-Saudi Interconnection (3 GW) In Progress

Egypt-Cyprus Interconnection (3 GW) (cooperation framework agreement)

Egypt-Sudan Interconnection (300MW) Completed

Egypt-Libya Interconnection (100MW) In Progress

200+ Clients / 60+ clients from the energy sector

Crude oil

Sixth largest proved oil reserves in Africa

1955 First Production

2019 690,000 barrels

Natural Gas

2017 62.8 TCF proven reservesThird in Africa

2018 62,270.508 bcm Natural Gas Production

Egyptian Liquefied Natural Gas Project – Idku (7.2 MT/Y)SEGAS Liquefied Natural Gas Complex - Damietta (5.5 MT/Y)

The widest spectrum of areas of practice in Egypt

Hydropower Technically feasible hydropower potential of about 50,000 GWh/year

Egypt's Hydroelectric Plants

Operator Commissioning Date Installed Capacity (MW)

High Dam 1967 2100Aswan Dam 1 1960 280Aswan Dam 2 1985/86 270

Esna 1993 86Nag' Hamadi 2008 64

32 MW Assiut hydropower project (under construction)2400 MW Attaqa-Suez pumping and storage plant (under construction)

Nuclear Energy

El Dabaa Nuclear Power Plant - 1st nuclear power plant

4.8 GWe Capacity = 50% of Egypt’s power generation capacity

Largest base of International clients (Incl. Embassies)

Ranked as Top Tier Firm by Legal Directories

Renewable Energy

2000 2005 2012 2013 2014 2015 2016 2017

Electricity from Renewables (Ktoe) 12 47 139 139 145 137 150 165

500+ MW wind power plants in operation and 1340 MW under development

30+ plants in Benban Solar Park = 1,650 megawatts

Expansion of renewable energy capacity to 20% by 2022. and 42% by 2035

Mining48 m tons tantalite (4th largest in the world)

50 m tons coal

77.4 tons gold (6th among Arab countries)

Iron ore, phosphates, and salt (Chief

minerals in terms of volume output in the last

decades)

1986 USD 18.7m minerals mined

1981 USD 11m minerals mined

2030 USD 700m new investments

Centamin’s concessionSukkari Gold Field

Material mined in 2018 : 77,877 kt Ore mined in 2018: 23,131kt CBE receives 65-70 kg per month from

Sukkari Gold Field

15+ energy projects/transactions (2017 to date)

Investment Catalysts

• Flexible exchange rate / Floatation of Egyptian Pound

• Lower Interest Rates

• Online Government services

• Online bidding for some government sponsored instrumentalities(currently under study)

• Reforming the tax system

• Improved legislation

50+ Concession Agreements

New Mining Law

New Electricity Law

• New Investment Law• New Industrial Licensing Law• New Gas Law

Amending the Mineral Resources Act

In addition to:

Amending the Public Procurement Law

Revised Fee Law

2015

2017

2014

2019

Largest Areas of Practice in Egypt

Long History of Cooperation with 250+ Local and International Law

Firms

SUCCESS STORY262.5 MW Windfarm Project in the Gulf of Suez

The first BOO windfarm to reach financial close in EGYPT

Client: Engie, Orascom, and Toyota

• Negotiated with EETC on the terms and conditions of the PPA

• Negotiated with NREA on the terms of allocation of land by way of usufruct

• Negotiated with Ministry of Finance on the terms of the sovereign guarantee

• Negotiated with Nexi and JBIC the terms and conditions of the facility agreement and its conditions precedent until financial close