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Project Insights

The Red Sea Power Project involves the construction and operation of a c.60 MW Wind Farm, and interconnection facilities compromising of a 220MVA substation and 5Km overhead transmission line to connect to the Electricité de Djibouti ("EDD") substation. The Project is located 120Km outside the city.

The Ghoubet substation is part ot the c.74Km high voltage double circuit transmission line, being constructed by Shanghai Electricity Power ("SEP") on behalf of Electricité de Djibouti.

The project is the first wind farm project in Djibouti, representing a significant milestone for the country on its path towards achieving its goal of 100% of electricity from renewable by 2030.

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Roadmap and Milestone

November 2018

Execution of JDA by the Sponsors Update of the feasability studies by Tractebel.

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February 2019

Preliminary geotechnical campaign (Tractebel)

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April 2019

Installation of met-masts EPC and O&M tender & selection.

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May 2019

Completion of ESIA (ERM)
Final tac advice (Deloitte)
PPA and Implementation Agreement.

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July 2019

Financial Model Audit (Deloitte)
Finanl Insurance Advice (INDECS)
EPC and O&M Contract Execution
MIGA PRI Package

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December 2019

Equity Financial Close and NTP

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December 2021

Commercial Operations
Senior Debts Financing

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Timeline of Important Global Events

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Historical Evolution Across Centuries

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Fundings Companies

Supporting Djibouti to meet energy demands and transition towards 100% renewable energy-based electricity production by 20230.

Africa Finance Corporation (AFC), Climate Funds Manager (CFM), FMO, the Dutch Entrepreneurial development bank and Great Horn Investment Holdings (GHIH) are pleased to announce a landmark investment for the construction and operation of 60MW windfarm in the Ghoubet area, near Lake Assal in Djibouti.