Ouarzazate Solar Phase I

Project Information
Country: Morocco Location: Ouarzazate
Technology: Solar Development stage: Financial Closure
Status: Construction Number of system(s): 1
Captive facility: No Percentage captive: ..
Contract Information
Type of PPI: Greenfield project Subtype of PPI: Build, operate, and transfer
Contract period (years): 25 Termination year: 2039
Main revenue source(s): PPA/WPA payments Contract award method: Competitive bidding
Bid criteria: Not Applicable Number of bids: 4
Renewal contract award method: .. Renewal bid criteria: ..
Government granting contract: Federal Renewal number of bids: ..
Financial Information
Project company:
Publicly traded: No Stock market: N/A
Type of government support: ..
PPP project: Yes Related infrastructure by government:
PPP part of public project: Yes Key features of guarantee:
Key features to support revenue/reduce cost: The project was scheduled to sell power under a PPA with the state Utility ONE, with the Moroccan government providing payment guarantees to make up the difference between the market price and the cost of power producednder the ACWA consortium bid, the negotiated price of power was USD 190/MWh. Total cost of public project:
PPP type: .. Concession period type: Fixed concession Period
Banks/funds involved (depth financing):
Commissioning date: 2014 Project grid:
Carbon credits: No

Sponsor Details

Sponsor % Ownership Country of origin
ACWA Power 85 Saudi Arabia

Project Investment History (proposed investment listed for pipeline projects)

Year % private Payment commitments to the government * Investment commitments in physical assets Capacity Type Government cash subsidy commitments
2012 75 .. 1,438 160 MW ..

Multilateral Support Details

Column1 Column2 Column3 Column4
2011 AFDB Loan 236
2011 EIB Loan 156
2011 IBRD Loan 300
2011 Other Loan 136

Funding Details

Funding year Private debt funding Capital grants Government funding Local public bank funding Donor funding Debt equity grant ratio Private equity funding
2012 964 .. .. .. .. 70/30 474