Segou Solaire

hold

The proposed investment is an IFC financing package to Ségou Solaire of (i) an IFC A loan of up to EUR [8.2] million, (ii) an IFC equity investment of EUR [2.5 to 4.1] million for an equity stake of [20 to 32.5]% in the project company, and (iii) mobilization of parallel loans of up to EUR [31] million, to finance a 33 MW solar power plant in Segou, Mali (the “Project”). The estimated total project cost is EUR [50.2] million.  The Project consists in the construction of a greenfield 33MW solar photovoltaic plant in Segou, located 236 km North-East of Bamako. The planned solar power plant is located on land already allocated to the sponsor by the Energy Ministry (Ségou Land Certificate no 8111), at Pélengana Were, in the commune of Pélengana in the Ségou vicinity. The power plant site can be accessed via the paved RN6 Bamako-Ségou-Pélengana road. The project is the result of a partnership between Scatec Solar (main sponsor), IFC InfraVentures and Africa Power 1. The project will be arranged by IFC and co-financed by IFC, the African Development Bank and the Climate Investment Fund. The solar power plant will contain approximately 104,764 solar panels on steel piles and around 10 uninterrupted power supply transformer containers on a single plot of land with a surface area of 87 hectares, 50 of which will be used for the 33 MW project. The photovoltaic power plant itself will occupy 47 ha.  The rest will constitute a logistics area of around 2.6 ha. The access road will be built to a length of 1.9 km, and an underground transmission line will extend for 2.8 km. At the time of the site visit, construction had not yet started. The construction phase is expected to take about eight months. The site is located in modified habitat with no significant biodiversity value, and land use is mostly agricultural. The road accessing the site crosses the following communities: Pélengana Were and Bougouni (about 9,300 people in total). Scatec Solar will not provide accommodations for workers as they will lodge in the surrounding communities.