PROJECT

Projects

Summary of Investment Information

Project Number

39728

Company Name

SP ENERGY (EGYPT) SAE

Date SPI Disclosed

Jun 6, 2017

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 11, 2017
Invested : May 21, 2018

Sector

Solar - Renewable Energy Generation

Project Description

The project is a greenfield 50 MW photovoltaic (PV) plant being developed by Shapoorji Energy (Egypt) SAE (the Project Company) which is a subsidiary of Shapoorji Pallonji Infrastructure Capita Co. PVT Limited (SPInfra), part of the Shapporji Pallonji Group (SP Group). Sterling and Wilson Pvt. Limited will act as the project Engineering, Procurement, and Construction (EPC) Contractor, and will undertake the role of the Operations and Maintenance for this project.  Sterling and Wilson Pvt. Limited’s EPC Division started working in the solar industry in 2010, and is now providing Solar EPC solution in India with installed capacity of more than 1GW.  It has developed solar projects worldwide including a 90MW project in South Africa, and 28.6MW and 22.3MW projects in the Philippines.  It has a pipeline of 1,300MW projects including 180MW in Egypt.  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation