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Project Information
Investment ID: 37637
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 80.0 million
Total Complaints: 2
Description
The project is a greenfield 50 MWac photovoltaic (PV) plant being developed by TAQA Arabia S.A.E. (the Sponsor) as part of Round 2 of the Egyptian Government feed-in-tariff (FiT) scheme for domestic solar PV and wind energy projects. TAQA Arabia is currently owned by Qalaa Holdings (previously known as Citadel Capital) which IFC has existing investments with. This sponsor will own the project company “TAQA Arabia for Solar Energy S.A.E.” (TAS), and has selected Sterling & Wilson as the Engineering, Procurement, and Construction (EPC) and Operations and Maintenance (O&M) contractor.
Investments
| Investment Type | ID | Amount | Status | Bank | Client |
|---|---|---|---|---|---|
| Loans, Risk Guarantee | 37637 | USD 24.0 million | Active | IFC | TAQA ARABIA FOR SOLAR ENERGY S.A.E. |
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 |
|---|---|---|---|---|---|
| TAQA ARABIA FOR SOLAR ENERGY S.A.E. |