Egypt - Solar Photovoltaic Power Project under the Egyptian Feed-in-Tariff Program Round 2 - Shapoorji Pallonji Energy Egypt

The Project entails the design, construction, operation, and maintenance of a 50 MW turnkey solar PV project to be implemented under the Egyptian Solar Photovoltaic Feed-in Tariff Program Round-2, an initiative where the Government of Egypt seeks to implement 2,300 MW of Solar PV projects. The Project will be constructed in Benban, 50km north of Aswan, where the direct solar radiation is 2,280 kWh/m2. It is well aligned with the Bank’s mandate to support the development of clean energy technologies and private sector development within Africa. It will be executed by Shapoorji Pallonji Energy Egypt S.A.E. (“SPEE”), an SPV incorporated in Egypt. Successful implementation of the Project will enable diversification of the energy mix and further the green growth agenda of the bank. Construction is expected to last approximately nine months.