PROJECT

Projects

Summary of Investment Information

Project Number

37591

Company Name

PHOENIX POWER 1 SAE

Date SPI Disclosed

May 4, 2016

Country

Egypt, Arab Republic of

Region

Africa

Projected Board Date

Jul 20, 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 9, 2017
Invested : May 15, 2018

Sector

Solar - Renewable Energy Generation

Project Description

The project involves the development, financing, construction, operation and maintenance of a greenfield 50MW photovoltaic (PV) plant as part of Round 2 of the Egyptian Government feed-in-tariff (FiT) scheme for domestic solar PV and wind energy projects. The project is being developed by a Special Purpose Vehicle (SPV), Phoenix Power 1 SAE currently owned by a Joint Venture (JV) consortium of Phoenix Power Venture SAL and Cedrus Enterprises Holding SAL.  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation