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Alfa Solar Benban Plant

Sector: Solar • Location: Egypt, Arab Rep.

Source: World Bank Group

Project
Active

The project entails the construction, development and operation of a PV solar plant, located in Ben Ban, Aswan governorate in Upper Egypt. The total output is 50 MW. Al Fanar is developing the project under a BOO modality.

The project is being developed within the country's feed in tariff (FIT) round two program. Egypt’s Electricity and Transmission Company will purchase power from the projects

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The project “Alfa Solar Benban Plant” is an infrastructure initiative in the Solar sector, located in Egypt, Arab Rep.. Taiyo aggregates data on it from World Bank Group.

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Description

Description

The project entails the construction, development and operation of a PV solar plant, located in Ben Ban, Aswan governorate in Upper Egypt. The total output is 50 MW. Al Fanar is developing the project under a BOO modality. The project is being developed within the country's feed in tariff (FIT) round two program. Egypt’s Electricity and Transmission Company will purchase power from the projects under 25-year power purchase agreements. The required investment is estimated at $74 million and is being funded via debt and equity - $57 million and $17 million, respectively. Project finance closed on October 31st, 2017. EBRD and Islamic Corporation for the Development of the Private Sector (ICD) will provide USD28.5 million each. https://ijglobal.com/data/transaction/38189/alfa-solar-binban-pv-plant-50mw Alfanar Energy is not in sponsors' list.

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