Delta Solar PV Plant

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The project entails the development of a 50 MW power facility located near Benban, Aswan city, Aswan Governorate of Upper Egypt. DELTA FOR RENEWABLE ENERGY SAE is the project company that will undertake the project development and is sponsored at 75% by Alcazar and 25% by Nile Capital. A joint venture between TSK and Enviromena will undertake the EPC contract for the project as well as the O&M. This is a greenfield project initiated on a BOO modality. The project company was awarded the contract on a license scheme with a predetermined tariff rate. The state-owned Egyptian Electricity and Transmission Company will offtake power from the project under 25-year PPA. Required investment for the plant is estimated at $66.4 million and is being funded through $50.8 million of debt and $15.6 million in equity. Lenders to the project are IFC which provided $14 million and syndicate further $36.8 million. The Asia Infrastructure Investment Bank will lend $13 million, AfDB will provide $12.8 million and CDC $11 million. Financing was closed in end of October 2017. https://ijglobal.com/data/transaction/36038/delta-solar-pv-plant-50mw https://disclosures.ifc.org/#/projectDetail/SII/37636 http://alcazarenergy.com/our-projects/# Nile Capital to be added to sponsors' list with 25%