According to bank documents, the project consists of the development, financing, construction, operation and maintenance of a 500MW solar pv power plant in Aswan Governate, Egypt, under the terms of a 25-year Power Purchase Agreement with the Egypt Electricity Transmission Company, fully guaranteed by Egypt’s Ministry of Finance.
Total Project cost is estimated to be up to US$330 million. IFC will provide up to US$100 million from its own account and the remaining debt of up to, US$165 million, will be provided by a mix of B and parallel Lenders.
The Project will be implemented by Abydos Solar Power Company S.A.E, an Egypt-incorporated special purpose vehicle owned by AMEA Power. AMEA Power (the Sponsor) is a subsidiary of Al Nowais Investments, ultimately owned by the Al Nowais family in the United Arab Emirates.
|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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