Deal details
500 MW Amunet Wind Project - NEXI/JBIC/IFC Financing
Description
The 500MW wind farm, located in the Red Sea Governorate, is being developed in partnership with Sumitomo Corporation, who will own 40% equity in the Project. Financing is being provided by a consortium of banks, including Japan Bank for International Cooperation (JBIC) and IFC, together with Standard Chartered Bank, Commercial International Bank, Sumitomo Mitsui Banking Corporation, and Sumitomo Mitsui Trust Bank participating as co-lenders under Nippon Export and Investment Insurance (NEXI) cover.
Assets involved
Companies involved
- Shalakany, Norton Rose Fulbright, Milbank LLP
- Standard Chartered, Sumitomo Mitsui Banking Corporation (SMBC)
- Willis Towers Watson
- Eco-Consult, Ramboll, Green Plus
- International Finance Corporation (IFC)
- NEXI - Nippon Export Investment Insurance
- Baker McKenzie, Clifford Chance
- AMEA Power, Sumitomo Corporation
- Japan Bank for International Cooperation (JBIC)
- COWI A/S, WSP, DNV GL, Wood Group
- International Finance Corporation (IFC), Sumitomo Mitsui Banking Corporation (SMBC)
- Sumitomo Mitsui Trust Bank (SMTB), Standard Chartered, Sumitomo Mitsui Banking Corporation (SMBC)
- Indec Turbo Leasing Company , Marsh
- Standard Chartered
- Mazars, BDO Capital
- Power China Huadong Engineering Corporation Ltd, Power China International, HDEC Middle East Co DMCC
- Egyptian Electricity Transmission Company (EETC)
- Deloitte
Key information
AMUNET WIND POWER COMPANY SAE
552$m
30-11-2022
Renewables / PV solar
Egypt
Project & Infrastructure Finance
Not PPP
Tranche information
IFC Financing
75$
DFI/MDB Direct Loan
75$m
US Dollar - USD
0
-
-
-
-
| Participant | role | ticket size |
|---|---|---|
| International Finance Corporation (IFC) | DFI/MDB direct lender | 75$m |
NEXI Covered Financing
196$
ECA-backed buyer credit
196$m
US Dollar - USD
0
22.0 years
NEXI - Nippon Export Investment Insurance
SOFR
-
| Participant | role | ticket size |
|---|---|---|
| Standard Chartered | MLA | 50$m |
| Sumitomo Mitsui Banking Corporation (SMBC) | MLA | 96$m |
| Sumitomo Mitsui Trust Bank (SMTB) | MLA | 50$m |
JBIC Direct Loan
281$
ECA-Direct Loan
281$m
US Dollar - USD
0
-
-
-
-
| Participant | role | ticket size |
|---|---|---|
| Japan Bank for International Cooperation (JBIC) | ECA direct lender | 281$m |