Project Details

Project Details

Waste Management Project - Egypt

This is a partial acquisition of the owning company of the project (Nokhba) which is seeking funding of around $8m to construct a waste management processing plant on a land located in Qarda area in Kafr Al Shaikh with an area of 58,800 sqm granted to the company by the Kafr Elsheikh governance. The plant will operate two types of processing, the first processing to collect household waste with quantity of 1,500 tons per day and produce Organic Fertilizer and Electric Energy. The second processing involves the conversion of tires, plastic and other organic waste of sufficient calorific value to diesel oil, electricity or other forms of fuel. Sales upon commissioning of the plant are projected at $14m annually over the first 3 years. ECONOVO GROUP of Germany and NOKHBA entered into a JV agreement to build, own, and operate the plant. Nokhba is in charge for financing, contribution of land, infrastructure, and execution of the civil engineering and building. Econovogroup is in charge for providing the technology, installation and commissioning of the plant and tech support. All governmental approvals and feasibility study are in place pending securing the seed capital of $8m.