PROJECT

Projects

Summary of Investment Information

Project Number

37636

Company Name

DELTA FOR RENEWABLE ENERGY SAE

Date SPI Disclosed

May 5, 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 : Sep 29, 2017
Signed : Oct 11, 2017
Invested : Jun 1, 2018

Sector

Solar - Renewable Energy Generation

Project Description

The project is a greenfield 50 MW photovoltaic (PV) plant being developed by Alcazar Energy Partners (the sponsor).  The project company, Delta for Renewable Energy SAE (Delta), will be 75% owned by the sponsor while the remaining 25% will be owned by Nile Capital S.A.E.  The Engineering, Procurement, and Construction (EPC) Contractor will be a joint venture between TSK and Enviromena, who will also undertake the role of the Operations and Maintenance (O&M) for this project.  Environmena were established in Abu Dhabi in 2007, as the first downstream solar company in the Middle East and North Africa.  TSK was established as a public company in 1986 and began working in the solar PV field since 2006. 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation