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Wind Farm Gulf of el Zayt

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Wind Farm Gulf of el Zayt

  •  Reference: 20070089
  •  Release date: 12 September 2008
Promoter – Financial Intermediary

Egyptian Ministry of Electricity and Energy through the New and Renewable Energy Authority (NREA)

Location
  • Egypt
  • Gabal el Zait area on the west bank of the Gulf of Suez, some 400km south of Cairo.
Description

The project concerns the studies, design, construction, commissioning and operation of a large-size (up to 200 MWe) onshore windfarm. The site of a size of about 36 km² is characterised by very favourable wind resources (expected load factor ~45%) from mainly the north-west direction. The project is part of a larger national programme in the same region to further expand power generation from renewable energy in Egypt. Co-financing with other European institutions is envisaged.

Objectives

The project will contribute to meet growing electricity demand using sustainable wind energy resources. The project is fully in line with the strategic objectives set for the external mandate in general (environmental sustainability, climate change mitigation), and for the FEMIP mandate in particular (energy, EU regional and common interest). The project contributes to the development of renewable energy in Egypt, one of the stated objectives of the country’s energy policy. The operation will also contribute to the Bank’s priority energy lending objectives related to renewable energy and external energy security and economic development.

Comments
 
Sector(s)
Proposed EIB finance (Approximate amount)

Up to EUR 50 million.

Total cost (Approximate amount)

Indicatively estimated at around EUR 340 million.

Environmental aspects

If the project were located within the EU it would fall under Annex II of the EIA-Directive. Environmental impact studies (EIS) have been prepared, covering the project site and a larger area, and complemented by a comprehensive bird migration study. Based on these studies the national competent authority has granted approval , subject to i.a. a satisfactory environmental monitoring programme.

Procurement

Within the EU the promoter, being a public contracting authority, would be subject to public procurement procedures according to 2004/17/EU, including publication of contract notices in the OJEU. In line with the Bank’s principles and its statute, the promoter will have to follow the provisions of the Bank’s Guide to Procurement, which includes amongst others international competitive bidding and OJEU contract notice publication for the items to be financed by the Bank, if appropriate.

Status

Signed   -   30/09/2009.

Related Documents
  • 12-09-2008 - Environmental Impact Assessment (EIA) - Approval EN
  • 12-09-2008 - Environmental Impact Assessment (EIA) - Annex 2.5.1 EN
  • 12-09-2008 - Environmental Impact Assessment (EIA) - Annex 3 EN
  • 12-09-2008 - Environmental Impact Assessment (EIA) - Annex 2 EN
  • 12-09-2008 - Environmental Impact Assessment (EIA) - Annex 1 EN
  • 12-09-2008 - Environmental Impact Assessment (EIA) EN

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).



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