MMID 30 MW for Renewable Energy S.A.E (MIGA-5a53d5a738)

  • Egypt
Where the impacts of the investment may be experienced.
Specific Location
Aswan Province
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
  • Multilateral Investment Guarantee Agency (MIGA)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Sep 20, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
ib vogt GmbH
The holder of the loan, grant, or other investment.
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 1.34 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ MIGA website

Updated in EWS Feb 13, 2019

Disclosed by Bank Aug 10, 2017

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

According to bank documentsib vogt GmbH , is seeking MIGA coverage of the commercial debt tranche on a solar photovoltaic (PV) plant developed by the company MMID 30 MW for Renewable Energy S.A.E (MMID 30). MMID 30 is a Special Purpose Vehicle (SPV) company owned by a consortium constituted of Infinity Solar Energy SAE and ib vogt (the sponsors). The sponsors will be responsible for managing construction and operational aspects of a 30 Mega Watts alternative current (MWAC) solar PV plant located in the Benban solar complex in the Aswan Province of Egypt. ib vogt was selected as the Engineering Procurement and Construction (EPC) and Operations and Maintenance (O&M) contractor for the project.

The project forms part of the Egyptian government's feed-in-tariff (FiT) scheme aimed at diversifying and securing Egypt's electricity supply. The European Bank for Reconstruction and Development (EBRD) is also providing long term senior debt financing to the project.

In addition to MMID 30, ib vogt is seeking MIGA coverage of the commercial debt tranche on two additional solar plants: Taqa 50; and Phoenix Power 1, which is also seeking International Finance Cooperation (IFC) finance. All three projects are within the Benban solar complex and each is covered under a separate ESRS.

Investment Description
  • Multilateral Investment Guarantee Agency (MIGA)
Private Actors
Contact Information



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 You can learn more about the CAO and how to file a complaint at