Sustainable Akkar Wind P (DFC-AKKARWINDPOWER)

Countries
  • Lebanon
Where the impacts of the investment may be experienced.
Specific Location
Jabal Akroum, Akkar
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
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
A
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.
Borrower
Akuo Energy
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ DFC website

Updated in EWS Aug 21, 2020


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Project Description

According to bank documents,  the proposed Project involves the construction and operation of an 82.5 MW wind farm in the area of Jabal Akroum, Akkar on Lebanon’s northeastern border with Syria. The Project area is approximately 10 km2. Land parcels needed for the Project will be leased or purchased from families in Jabal-Akroum Kfartoun, the Municipality of Aandqet and the Jaafar Family (i.e. Rweimeh Village). The Project will lease 126,332 m2 of land for 28 years and acquire 13,255 m2 of land permanently. The Project is one of three wind energy projects being developed through signed Power Purchase Agreements with the Government of Lebanon. The other two projects are Lebanon Wind Power and Hawa Akkar. The three projects are located along the same ridge line and will share transportation route of wind turbine generator (WTG) components and internal tracks.

The Project will comprise the construction and operation of up to 21 WTGs ranging in power rating from 4.2 MW to 5.3 MW, underground cable networks, external and internal access roads, power substation and temporary and permanent maintenance buildings, parking/laydown/assembly areas, and a substation. Villages in the Project’s direct area of influence include: Fnaidek, Karm Chbat, Rweimeh Village, Chadra, Machta Hammoud, Mqaible, Aandqet, and Jabal Akroum-Kfartoun.

Investment Description
  • US International Development Finance Corporation (DFC)
Private Actors
Contact Information

Lebanon, Akkar Caza, Kfartoun, Kfartoun Main Road, Jouret el Tini street, Khaled Hassan bldg.
Ground Floor.