Oil Equipment Company Seeking Loan in Suez, Egypt

- We are a company that provides solar-based systems on a rental basis to complement diesel generators used by oil & gas companies.
- For the last 5 years we have been involved in the sale of solar systems and solar-powered equipment but we now plan to rent out solar energy units.
- We seek to set up 12 solar energy units in variant capacities of 40 KW, 50 KW and 60 KW to rent out to oil production companies.
- These would be used as an assisting energy source for diesel generators used in pumping. This would save around 30% of the oil production cost and is also green, maintenance-free, renewable & sustainable.
- The target market is EGP 2.5 billion ($150,000,000), servable market is EGP 3.2 billion ($200,000,000) and the potential market is EGP 5.2 billion ($300,000,000).
- We have a qualified team consisting of a petroleum engineer, 2 geologists, 2 electrical engineers, an accountant and 6 technicians.
- Plan to hire 6 more people on the team including 3 electrical engineers and 3 technicians.
- We have worked with all major listed oil & gas companies which amount to about 50 companies.
- We plan to market our new vertical to these companies as well as to additional companies across Egypt. Eventually, we would look to grow internationally.
- Promoter has more than 20 years of experience in the field of oil & gas including 6 years of experience at the head of this firm.
- Was awarded the best Arabian Startup Company in Solar Energy Efficiency from Arabian League.
- Feasibility study using solar energy in the oil field (attached)