Citadel Bids For EGP 2.5 Bln Gas Supply Project

By Yomna Yasser On Nov 19, 2012

Ahmed Heikal, Chairman and Founder of leading private equity firm Citadel Capital (CCAP.CA), announced submitting a bid to Egypt’s Ministry of Petroleum and Metallurgical Wealth so as to supply the natural gas to one million residential units.

Heikal estimated the project’s investment cost at around EGP 2.5 billion, or EGP 2500 per unit in order to reduce butane demand.

Mubasher