PROJECT

Projects

Summary of Investment Information

Project Number

41727

Company Name

ABYDOS SOLAR POWER COMPANY

Date SPI Disclosed

Mar 7, 2022

Country

Egypt, Arab Republic of

Region

Africa

Projected Board Date

Jun 30, 2022

Environmental Category

B - Limited

Status

Active

Last Updated Date

Jun 10, 2023

Department

Regional Industry - INF Africa

Industry

Infrastructure

Previous Events

Approved : Nov 10, 2022
Signed : Nov 30, 2022
Invested : Jun 7, 2023

Sector

Solar - Renewable Energy Generation

Project Description

 The project consists of the development, financing, construction, operation and maintenance of a 500MW solar pv power plant in Aswan Governate, Egypt, under the terms of a 25-year Power Purchase Agreement with the Egypt Electricity Transmission Company, fully guaranteed by Egypt’s Ministry of Finance.                                                                                                                                     

Associated Advisory Engagement

 IFC is providing advisory support focused on capacity building in relation to stakeholder engagement and community investment specific to the Project.                                                  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation