| Element List | Explanation |
|---|---|
| Introduction | ACWA Power Co. announces achieving financial close for Kom Ombo Solar (PV) plant which will add 200 MW of energy capacity, increasing the share of renewable energy in Egypt’s energy mix and further promoting private-sector participation in the Egyptian power sector. The total investment cost is 182,000,000 USD (68% of it is non-recourse to shareholder). |
| Date of obtaining the funding | 2023-08-30 Corresponding to 1445-02-14 |
| Financing entity | European Bank for Reconstruction and Development, OPEC Fund for international development, African Development Bank, Green Climate Fund, Sustainable Energy Fund for Africa and the Arab Bank. |
| Financing amount. | 123,000,000 USD |
| Financing duration. | Up to 20 years |
| Guarantees offered for the financing | Limited to ACWA Power equity bridge loan and pro-rate of our share in the debt service coverage account |
| Financing objective | Fund the development and construction of a 200 MW PV plant |
| Related Parties | None |
