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SP Energy Egypt S.A.E

Sectors

Energy

Description:

Projects in this Sector: 241

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Issues Raised

Labor

Description:

Projects with this Issue Raised: 104

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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

Implementers

Name Complaints Dispute Resolutions DR Successful Compliance Reviews Non-Compliance
SP ENERGY (EGYPT) SAE