October 31, 2017

R&R acted for FAS Energy in its Turnkey Contract with GE

Riad & Riad acted for FAS Energy, a subsidiary of the Saudi Arabia group Alhokair, in the full turnkey contract with General Electric to build the 50-MW solar power plant for Egyptian Electricity Transmission Company (EETC) under the Government’s ambitious Solar Feed-in Tariff (FiT) Program.
Riad & Riad has also represented FAS in successfully achieving financial closure in Round 1 of the Fit Program. Riad & Riad participated in the project from its early beginning, reviewed all project agreements and lobbied for their adjustment to fit the unique financial model adopted by the sponsor, it also negotiated and reviewed the financing documents and assisted in all relevant corporate, licensing and compliance matters.

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