PROJECT

Projects

Summary of Proposed Investment

Project Number

31543

Company Name

ACWA POWER CF KARAD PV PARK EAD

Date SPI Disclosed

Jan 20, 2012

Country

Bulgaria

Industry

Infrastructure

Projected Board Date

Feb 20, 2012

Status

Completed

Sector

Solar - Renewable Energy Generation

Department

Regional Industry INF LAC & EUR

Environmental Category

B - Limited

Previous Events

Approved : Mar 8, 2012
Signed : Mar 9, 2012
Invested : Mar 28, 2012

Project Description

The Project (“Karadzhalovo SPP”) involves the development, construction, operation and maintenance of a 60.4 MWp solar photovoltaic power plant at Karadzhalovo in the municipality of Parvomay, Plovdiv District, Bulgaria. All of the output generated by the Project will be sold to the national electricity company, Natsionalna Elektricheska Kompania EAD (“NEK”), a 100% subsidiary of the Ministry of Energy, Economy and Tourism under a 20-year PPA that will provide for a fixed Feed In Tariff (“FiT”), expected to be BGN 485.6/MWh (equivalent to €248.3/MWh).

Sponsor / Cost / Location

Development Impact