According to bank provided information, the project involves the provision of a senior debt financing to finance the construction and operation of a 50 MW solar PV plant under the first round of large scale solar IPP in Tunisia.
The Project will add 50 MW of green generation capacity to the Tunisian power system - currently dominated by gas-fired power plants (94.7% of installed capacity) to support the country's low-carbon transition by reducing its reliance on thermal power generation.
The 50 MW solar PV project would benefit from senior debt financing of up to EUR 35 million including 1) an EBRD loan of up to EUR 15 million, 2) a SPREF loan of up to USD 5.7 million (equivalent to EUR 4.7 million), to be provided by the Clean Technology Fund and the Global Environmental Facility, secured under the SEMED Private Renewable Energy Framework and administered by the EBRD, and 3) a parallel loan of up to EUR 15 million from Proparco.
"Scatec Tozeur PV Power" is a Limited Liability Company to be incorporated in Tunisia for the sole purpose of constructing and operating a solar photovoltaic (PV) power plant in the area of Tozeur, Tunisia, with an installed capacity of 50 MW. The Project Company will be ultimately owned by Scatec ASA.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
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