Qudra Renewable Energy Project in the West Bank (MIGA-15431)

Regions
  • Middle East and North Africa
Geographic location where the impacts of the investment may be experienced.
Countries
  • Palestine, West Bank, Gaza
Geographic location where the impacts of the investment may be experienced.
Specific Location
Deir Abu Mishal, Ramallah; Jammala, Ramallah; Birzeit, Ramallah; Nablus
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
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
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
Dec 7, 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
Arab Palestinian Investment Co Ltd (APIC); Bank of Palestine PLC; Qudra Renewable Energy Solutions
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)
Guarantee
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 9.90 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.
Bank Documents
Primary Source

Original disclosure @ MIGA website

Updated in EWS Oct 19, 2026

Disclosed by Bank Oct 14, 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.

As stated on the project disclosure page, Arab Palestine Investment Company Limited (APIC) and Bank of Palestine PLC (BoP) (the Guarantee Holders or GHs) are seeking a guarantee from MIGA for the risks of expropriation, and war and civil disturbance. This is for their equity, quasi-equity and shareholder loans in Qudra Renewable Energy Solutions Company Ltd (PE). Qudra is incorporated in the West Bank and Gaza for the design, construction, financing, operation, and maintenance (O&M) of four solar power plants (SPPs). The GHs own Qudra in full, with the ownership structure due for amendment through a joint venture named Taqa for Sustainable Projects Development P.L.C. (Taqa).

The Projects comprise:

(i) Deir Abu Mishal 6.3MW SPP in Deir Abu Mishal, Ramallah which has been operating since September 2023 and whose off-taker is Jerusalem District Electricity Company (JDECO),
(ii) Jammala 5.4MW SPP in Jammala, Ramallah which has been operating since June 2024 and with JEDCO as its off-taker,
(iii) Birzeit 1.2MW SPP in Birzeit, Ramallah which has been operational since April 2021 with Birzeit University as its off-taker, and
(iv) Nablus 4MW SPP which is greenfield and will supply Northern Electricity Distribution Company (NEDCO) with a target commercial operations date (COD) in Q3 2027. Nablus SPP's development is contingent on fulfilling all the requirements of its planning process, including obtaining all regulatory approvals necessary for project kick off.

The Projects' key components include solar photovoltaic plants, site offices, security offices, water supply systems, internal roads, and transmission facilities (inverters, transformers and switchgear) and supervisory control and data acquisition (SCADA) systems. Qudra owns and operates the grids of Deir Abu Mishal and Jammal SPPs on behalf of JEDCO. JEDCO owns and operates the grid connecting to Birzeit. NEDCO will own and operate Nablus' interconnecting grid. MIGA considers the transmission lines connecting to the grids which off-takers operate as associated facilities, over which the PE has limited operational control. The connecting transmission lines are all medium voltage (MV) and their lengths are 8 km Deir Abu Mishal SPP, 6 km Jammala SPP and 700 m Nablus SPP. Birzeit SPP connects directly to Birzeit University.

Taqa is responsible for operation and maintenance (O&M) of the three operational Projects. The PE is responsible for operation and maintenance (O&M) of the three operational Projects. The PE will engage an engineering, procurement and construction (EPC) contractor for Nablus SPP's construction. The EPC will remain responsible for its O&M during performance guarantee period of 24 months after construction.

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

As stated on the companies' websites:

Arab Palestinian Investment Company (APIC) was founded by a group of Arab businessmen for the purpose of channeling funds and investments to Palestine, paving the way to greater development and creating new jobs in the country. The company was established and registered in the British Virgin Islands in 1994. In 1996, APIC was registered with the Ministry of National Economy in Palestine as a foreign private shareholding company. APIC was transformed into a foreign public shareholding company in 2013. On March 2, 2014, APIC listed its shares on the Palestine Exchange (PEX: APIC). The company’s authorized capital is USD 180 million, while its paid-in capital is USD 165 million.

QUDRA is a Saudi energy startup established in 2017 by Yosuf Al-Motlaq. The Saudi-based company provides a wide range of renewable energy products and green tech solutions.

Bank of Palestine was established in 1960 as a financial institution that seeks to promote the level of banking services in Palestine.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
Arab Palestinian Investment Company - APIC Investor Finance invests in Qudra Renewable Energy Solutions Co. Ltd. Client Energy
Bank of Palestine Investor Finance invests in Qudra Renewable Energy Solutions Co. Ltd. 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.

Client - Qudra Renewable Energy Solutions Company Ltd:

Abdelrahman Hijawi - General Manager
Email: a.hijawi@qudra.ps 

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://www.miga.org/contact/access_to_information

You can also request general information about MIGA and for information on guarantees by emailing: migainquiry@worldbank.org

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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How it works