SHAPOORJI PALLONJI 50 MW SOLAR PV PROJECT - EGYPT FIT ROUND 2


Overview

  • Reference: P-EG-FF0-010
  • Approval date: 03/09/2017
  • Start date: 03/09/2018
  • Appraisal Date: 01/05/2017
  • Status: ApprovedAPVD
  • Implementing Agency: --
  • Location: Egypt

Description

Design, construction and operation of a 50 MW solar power project (the "Project") to be implemented under the Egyptian Solar Photovoltaic Feed-in Tariff ("FiT") Program Round-2, an initiative where the Government of Egypt ("GoE") seeks to implement 2,300 MW of Solar PV projects. The Project will be constructed in Benban, 40km north of Aswan, and where the direct solar radiation is 2,280 kWh/m2. The Egyptian Electricity Transmission Company ("EETC") will construct the required substations and transmission lines with interconnection cost of EGP 0.53 m per MW. Financial close is expected in October 2017, and construction is expected to last approximately one year.


Key contacts

MAHIEU Sylvie - PESR2


Costs

Finance source Amount
ADBUSD 8,466,385
Co-financierUSD 4,938,725
DeltaUSD 39,509,641
TotalUSD 52,914,750