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Gaia Equity

Sectors

Energy

Description:

Projects in this Sector: 222

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Infrastructure

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Projects in this Sector: 550

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Issues Raised

Pollution

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Projects with this Issue Raised: 219

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Retaliation (actual or feared)

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Projects with this Issue Raised: 61

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Project Information

Investment ID: 35909

Bank: IFC/MIGA

Environmental Category: A

Country: Jordan

Region: Middle East and North Africa

Approval Date: None

Investment Types: Equity

Total Project Cost: No recorded data on this

Total Complaints: 1

Description

IFC has an equity investment held since 2015 in the renewable energy platform Alcazar Energy Partners (the “Company”), an independent developer and power producer focused on wind and solar projects in the MENA region. The complaint relates specifically to Alcazar Energy’s Al Rajef Wind Project in Jordan, an 86 MW wind farm with a project cost of US$ 185m, located near the village of Al Rajef in the Ma’an Governate of Jordan approximately 220km south of Amman in Jordan. Based on IFC’s equity in Alcazar, it is exposed to the Al-Rajef wind farm project, which commenced commercial operations in November 2018. The project is financed by the European Bank for Reconstruction and Development (EBRD), Deutsche Investitions-und Entwicklungsgesellschaft (DEG) and Proparco.

Investments

Investment Type ID Amount Status Bank Client
Equity 35909 USD 25.3 million Planned IFC Alcazar Energy

Related Complaints

Implementers

Name Complaints Dispute Resolutions DR Successful Compliance Reviews Non-Compliance
Alcazar Energy