Voltalia- Menzel (IFC-51664)

Countries
  • Tunisia
Geographic location where the impacts of the investment may be experienced.
Specific Location
Menzel Habib, Gabès Governorate
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
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
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."
Borrower
Menzel Solar Plant
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
  • Infrastructure
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)
$ 42.30 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.
Currency conversion note:
Bank reported 36.5
Converted using 2025-11-17 exchange rate.
Project Cost (USD)
$ 115.90 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.
Currency conversion note:
Bank reported 100
Converted using 2025-11-17 exchange rate.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Dec 30, 2025

Disclosed by Bank Nov 17, 2025

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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 the Bank’s website, the proposed investment seeks to support the development, financing, construction, operation and maintenance of a 100 MW solar Photovoltaic (PV) power plant and its associated grid infrastructure, located in Menzel Habib, Gabès Governorate in Tunisia. The Project was awarded to Voltalia S.A (the Sponsor) in December 2024 under the Government of Tunisia’s Renewable Energy Round II program (total 1.7 GW). The electricity produced will be sold to Société Tunisienne de l’Électricité et du Gaz (STEG) under the terms of a 25-year Power Purchase Agreement.The Project is expected to be supported by a guarantee from the Better Futures Program, provided by the European Commission under the European Fund for Sustainable Development Plus (EFSD+).                                                   

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

The Project cost is estimated at c. EUR100 million. The proposed IFC investment comprises up to EUR36.5 million A-Loan for IFC’s Own Account. IFC is also expected to provide an interest rate swap to partially hedge the senior debt.

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 a Special Purpose Vehicle, Menzel Parc Solaire, which is wholly owned by Voltalia and incorporated in Tunisia.

Voltalia is a leading French renewable energy company with a robust presence across the entire value chain, from project development and construction to operations and maintenance. Founded in 2005 and listed on Euronext Paris, Voltalia is majority-owned by Voltalia Investissement (controlled by the Mulliez family, holding 71.2% of shares), with the remaining shares held by EBRD, (1.6%), PROPARCO (2%), and public shareholders (free float, 25.2%).

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Voltalia SA Parent Company -

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.

Voltalia
Kamel Hammami
Tunisia Manager
+33 6 43 94 60 18
k.hammami@voltalia.com
84, bd de Sébastopol - 75003 Paris, France
www.voltalia.com

ACCESS TO INFORMATION

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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

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