PROJECT

Projects

Summary of Investment Information

Project Number

37580

Company Name

ARC FOR RENEWABLE ENERGY SAE

Date SPI Disclosed

May 4, 2016

Country

Egypt, Arab Republic of

Region

Africa

Projected Board Date

Jul 31, 2017

Environmental Category

B - Limited

Status

Active

Last Updated Date

Sep 30, 2022

Department

Regional Industry - INF Africa

Industry

Infrastructure

Previous Events

Approved : Jul 20, 2017
Signed : Oct 12, 2017
Invested : Sep 4, 2018

Sector

Solar - Renewable Energy Generation

Project Description

The project is a greenfield 50 MWac photovoltaic (PV) plant being developed by a joint venture between SECI Energia SpA, Enerray SpA, and Desert Technologies Industries Co. Ltd. (together the Sponsors). The sponsors will own the project company ARC for Renewable Energy SAE (ARC). The Engineering Procurement and Construction (EPC) Contractor will be an joint venture between Enerray SpA and Desert Technologies Industries Co. Ltd. (JV Enerray-DT) who will also undertake the role of the Operations and Maintenance (O&M) Contractor for this project. Enerray SpA has 10 years' experience in EPC and O&M services and has completed power plants of more than 200 MWp in Morocco, Turkey, Jordan, Iran and Central and South America. Desert Technologies as an EPC contractor has experience as a manufacturer and developer of PV projects. It has developed solar projects in Jordan and has 33MW of signed bankable EPC contracts since 2015.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation