PROJECT

Projects

Summary of Investment Information

Project Number

31863

Company Name

SMART ENERGY SOLUTION

Date SPI Disclosed

Jun 15, 2012

Country

Middle East, Pakistan, and Afg Region

Region

Middle East

Projected Board Date

Jun 16, 2012

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Oct 29, 2022

Department

Regional Industry INF MCT

Industry

Infrastructure

Previous Events

Approved : Sep 24, 2012
Signed : Nov 25, 2012
Invested : Mar 14, 2013

Sector

Multi Fuel - Thermal Power Generation

Project Description

IFC is considering and equity investment and a loan to Sakr Energy Solution FZCO (“SES” or the “Company”), a multiregional power rentals and emergency power solutions provider. SES is a regional provider of power generation solutions to serve temporary and short to medium term energy needs across the MENA region and in Africa, headquartered in Jebel Ali free zone in Dubai. The Company is capable of serving both small short-term clients with power generation needs starting at 50 kVA and large long-term utilities, governments and companies with power requirements of up to 60 MW.

This Company is a provider of power generation solutions to serve temporary and medium-term energy needs across the MENA region and Africa. By investing in the Company, IFC would be supporting the expansion of a business which addresses the power supply-demand imbalance in these difficult emerging countries and give them the time to implement efficient permanent solutions. This Project fits well with IFC’s strategic priorities in the MENA region by catalyzing South-South investments and promoting investments in the frontier countries and sectors and improving infrastructure services.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation