Winnergy Benban Solar Plant

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The project entails the development and operation of a 20 MW solar PV plant in Benban, Aswan Governorate of Upper Egypt. Winnergy for Renewable Energy Projects (Winnergy) is the project company that is leading the project on behalf of the sponsors. This is a greenfield project launched under BOO modality. The contract was awarded on a license scheme method with a predetermined tariff. The Egyptian Electricity and Transmission Company will offtake all electricity from the project under 25-year power purchase agreements. Ownership structure of the project company is as follows - Altawakol Group (51%), Maccaferri Industrial Group (25%), Desert Technologies (15%) and Spectrum International for Renewable Energy (9%). The remaining 1% is held by small investors. Required investment for the plant is $42.65 million and is being funded via debt and equity - $37.25 million and $5.4 million, respectively. Lenders are IFC which provided $21.5 ($21 million Loan A and $ 0.5 million Risk Management) from its own account. Europe Arab Bank, Asian Infrastructure Investment Bank and CDC Group are co-financing the project. Financial closure took place in end of October 2017. https://ijglobal.com/data/transaction/38661/winnergy-benban-solar-pv-plant-20mw Missing sponsors to added to the list