Back to the complete issue
Monday, 21 March 2022

Sha7en to operate + manage Revolta Egypt charging stations

MB Engineering EV charging subsidiary Sha7en has signed an agreement to manage and operate 30 EV charging stations owned by Revolta Egypt, MB Engineering announced in an EGX disclosure (pdf) yesterday. The stations could generate up to EGP 18 mn in revenues per year, and are located across Greater Cairo, Alexandria, Fayoum, the Red Sea, Sharqia, Qalyubia, and Port Said.

Revolta Egypt stopped doing business in Egypt a few years ago, leaving its 65 charging stations up for grabs.

The stations will be connected to Sha7en’s larger network of charging points across Egypt, and will be up and running before the end of the month, according to the disclosure.

About Sha7en: The EV outfit launched its first charging station in January, and is planning to set up 100 charging points across five governorates by the end of the year, Zawya recently reported.

IN OTHER GREEN NEWS-

Alexandria Port to introduce energy-saving mechanism: The Alexandria Port Authority is working to apply the OPS mechanism, which automatically stops ships’ engines when they are anchored at port.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Etisalat Misr (tax ID: 235-071-579), the leading telecoms provider in Egypt; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.