Egypt Project Notice - 46530


Project Notice

PNR 46530
Project Name Scatec Green Bond Egypt
Project Detail An investment in a green bond issuance of up to USD 340 million (the "Bond"). The Banks participation will consist of up to USD 100m in the form of a direct subscription in the Bond, and the provision of up to USD 30m stand-by liquidity facility for the benefit of the participating private institutional investors. The Bond will obtain the verified certification from the Climate Bond Initiative (CBI) and will be the first private green renewables-backed bond issued in Egypt. Project Objectives The Bond proceeds will support a portfolio of six operational solar power plants located in Benban, Egypt (the "Projects"). Transition Impact ETI score: 68 The Transition Impact arises from the Green and Inclusive qualities: Green - The proposed investment is in an independently certified Green Bond. Inclusive - The Sponsor will participate in the inclusion programme aimed at increasing access to skills and economic opportunities for young people of the rural areas near Benban in Egypt by introducing a certified training programme for agribusiness entrepreneurs. In addition it will promote workforce diversity by enhancing the role of women in the traditionally male-dominated local economy.
Funded By European Bank for Reconstruction and Development (EBRD)
Sector Energy & Power
Country Egypt , Northern Africa
Project Value 340 Million

Contact Information

Company Name European Bank for Reconstruction and Development (EBRD)
Address Tel: +44 20 7338 7168 Email: projectenquiries@ebrd.com
Web Site https://www.ebrd.com/work-with-us/projects/psd/52879.html

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