PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

601172

Primary Business Area

Transaction Advisory

Disclosure Date

Jul 26, 2023

Country

West Bank and Gaza

Region

Middle East

IFC Approval Date

Nov 6, 2017

Status

Completed

Estimated Total Budget

Estimated Total Budget Pending
(Project budget includes all project-funded activities)

Last Updated Date

Jun 30, 2024

Project Estimated Start Date

Jan 1, 2018

Project Estimated End Date

Jun 30, 2025

Client Legal Name

PENRA

Project Description

IFC aims to support the Palestinian Energy and Natural Resources Authority ("PENRA") in attracting private sector participation for the construction and operation of 2 solar PV power plants with a total capacity of up to 10MW on an IPP basis. By acting as lead advisor, IFC will conduct a legal, technical and commercial review of the project to determine its feasibility. If the project is feasible, IFC will develop a robust PPP transaction structure that would set the appropriate risk allocations in the agreement to be signed by the public and private sectors.

Development Results

E&S Risks / Impacts and Mitigation