PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

603161

Primary Business Area

Transaction Advisory

Disclosure Date

Jun 11, 2019

Country

Egypt, Arab Republic of

Region

Africa

IFC Approval Date

Apr 23, 2019

Status

Completed

Estimated Total Budget

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

Last Updated Date

Nov 23, 2023

Project Estimated Start Date

Apr 1, 2019

Project Estimated End Date

Feb 28, 2021

Project Description

IFC will provide transaction advisory services to the Egyptian Electricity Transmission Company, a company under the Ministry of Electricity and Renewable Energy, to help design and implement Egypt’s first solar power auction program, to be rolled out with a first round of 150-200MW. The selected private developer will be responsible for the design, finance, construction, operation and maintenance of a solar PV plant.

Development Results

E&S Risks / Impacts and Mitigation