PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

606332

Primary Business Area

Infrastructure

Disclosure Date

Nov 14, 2023

Country

Yemen, Republic of

Region

Middle East

IFC Approval Date

Jun 23, 2021

Status

Completed

Estimated Total Budget

$111,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Apr 19, 2026

Project Estimated Start Date

May 3, 2021

Project Estimated End Date

Jun 30, 2024

Project Description

The objective of this project is to solve for critical power scarcity in Yemen through early support of the local sponsor in developing a bankable project finance renewable energy transaction. The Project will be the first IPP in Yemen, and the first private sector participation in power on a PPP basis. It is expected that the project will contribute to facilitate investments in the renewable energy space in Yemen.

Development Results

E&S Risks / Impacts and Mitigation