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Project Information
Investment ID: 39728
Bank: IFC/MIGA
Environmental Category: B
Country: Egypt
Region: Middle East and North Africa
Approval Date: July 20, 2017
Investment Types: Loans, Risk Guarantee
Total Project Cost: USD 76.0 million
Total Complaints: 2
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.
Investments
Investment Type | ID | Amount | Status | Bank | Client |
---|---|---|---|---|---|
Loans, Risk Guarantee | 39728 | USD 24.0 million | Active | IFC | SP ENERGY (EGYPT) SAE |
Related Complaints
IFC/MIGA CAO Complaints | IAM | Country | Date Filed | Status |
---|---|---|---|---|
Benban Solar-05 | IFC CAO | Egypt | 19/07/2022 | Active |
Benban Solar-06 | IFC CAO | Egypt | 23/09/2022 | Active |
Implementers
Name | Complaints | Dispute Resolutions | DR Successful | Compliance Reviews | Non-Compliance |
---|---|---|---|---|---|
SP ENERGY (EGYPT) SAE |