Mazghouny & Co

Mazghouny & Co is a boutique law firm based in Cairo, launched in February 2020, specialising in projects and infrastructure, energy and power, construction and real estate, financing, and corporate matters, and with a solid litigation experience. The team is modern, dynamic, and creative, and the law firm operates not just as a legal services provider, but as a business partner. The team pushes the boundaries of what is possible and works proactively with the firm’s clients to overcome challenges and maximise potential opportunities.

Recent successes

1. Advising Norwegian energy and infrastructure company Scatec on its 1 million tonnes/year green ammonia project in the Suez Canal Economic Zone in Egypt, with participation from The Sovereign Fund of Egypt and the Egyptian Electricity Transmission Company, including the drafting and negotiation of the MOU (which was later largely adopted by the government as a template with the other sponsors developing green hydrogen, ammonia and methanol projects in SCZone), and first usufruct and framework usufruct agreements.
2. Advising Scatec on its partnership with Fertiglobe, Orascom Construction, and The Sovereign Fund of Egypt for the development of a 100MW electrolyser to produce green hydrogen for use by an ammonia manufacturing facility in Ain Sokhna, Egypt, which is the first green hydrogen project to be set up in Egypt, and a first of this size worldwide.
3. Acting as local legal advisor to Scatec in connection with the refinancing of the non-recourse project debt for 6 solar power plants in Benban, Egypt, with a total capacity of 380 MW, through the issuance of 19-year USD 334.5 million investment-grade non-recourse Green Project Bonds, which benefit from a Climate Bond certificate from the Climate Bond Initiative.
4. Acting as legal counsel to the Benban Solar Developers Association (BSDA) in connection with the EGP 1.6 billion settlement of the Cost Sharing Agreement (CSA) cost overrun dispute with the State-owned Egyptian Electricity Transmission Company (EETC), and drafting and negotiating the settlement agreement on behalf of all 32 Benban project developers.
5. Advising juwi on the construction of world’s largest solar hybrid project at the Centamin off-grid gold mine in Egypt, with a capacity of 36 MW bi-facial solar and 7.5 MW battery-energy storage system.
6. Advising Intro Utilities, Intro Group‘s sustainable power and utilities arm, with respect to its 15-year energy supply project with the National Company for Maize Products, a subsidiary of Cairo 3A, and a leading company in the agri commodities market in Egypt, consisting in a BOT co-generation unit to supply NCMP with its entire 14 MW electricity demand and most of its thermal energy needs.
7. Advising First Abu Dhabi Bank (FAB) as lending bank and pledgee (together with Eversheds Sutherland) in connection with the acquisition by Cleopatra Hospitals Group, one of Egypt’s largest private hospitals groups, of UAE’s Alameda Healthcare Group (a deal which has been called off in 2Q2021).
8. Advising Italian company and world leader in medical equipment design General Medical Merate (GMM) in its negotiation with the Egyptian Authority for Unified Procurement (UPA) in connection with the USD 1,35 million deal for the supply of mobile medical devices.

Selected Clients:
Amarenco, AP Moller, EDF Renouvelables, Elsewedy Electric, Empower New Energy, Engazaat Development, Engie, Globeleq, Indra Sistemas, juwi, Salcef, Scatec, and Voltalia

Firm Details:
Mazghouny & Co

15 Abou El-Feda Street, Zamalek, 11211 Cairo, Egypt

+202 2735 2678 / 2735 2682

[email protected]