Aysha I Wind (IFC-49251)

Countries
  • Ethiopia
Geographic location where the impacts of the investment may be experienced.
Specific Location
Sitti Zone, Somali Region
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
A
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Aug 31, 2026
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
AMEA Power Aysha Wind One PLC
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 65.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 507.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Oct 6, 2026

Disclosed by Bank Jun 8, 2026

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to bank provided information, the project consists of the development, financing, construction, operation and maintenance of a 300.2MW wind power plant located in the Sitti Zone, Somali Region, Ethiopia, under the terms of a 25-year Power Purchase Agreement with Ethiopian Electric Power (EEP), supported by an Implementation Agreement entered into with the Government of the Federal Democratic Republic of Ethiopia, represented by the Ministry of Finance.

IFC Sustainable Infrastructure Advisory has undertaken a gender assessment of AMEA Power at corporate level; recommendations from the corporate assessment will be integrated at the project level as appropriate.   

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Total Project cost is estimated at up to US$507 million. IFC will provide up to US$65 million in senior debt financing from its own account and the remaining debt of up to US$313 million will be provided by AfDB, co-mandated lead arranger, and a mix of B and parallel lenders.  

Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

The Project will be implemented by AMEA Power Aysha Wind One PLC (the Borrower), an Ethiopian-incorporated special purpose vehicle owned by AMEA Power (the Sponsor). AMEA Power is a subsidiary of Al Nowais Investments, ultimately owned by the Al Nowais family in the United Arab Emirates, with 11.5% owned by Softbank Group Corporation.   

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - AMEA Power Limited Client Energy

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

For Inquiries About the Project, Contact

AMEA Power
Aqueel Bohra
Chief Investment Officer
+971 43107000
notices@ameapower.com
3301, Marina Plaza Building, Dubai, Marina, Dubai
http://www.ameapower.com/
 

Local Access of Project Documentation

Company: AMEA Power Aysha Wind One PLC

Point of Contact: Aqueel Bohra

Title: General Manager

Telephone Number: +97143107000

notices@ameapower.com

Mailing Address: 3301, Marina Plaza Building, Dubai, Marina, Dubai

Website: www.ameapower.com   

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

ACCOUNTABILITY MECHANISM OF IFC/MIGA

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org

How it works

How it works