corporate_banner_en

EL SHABAB POWER PLANT

Projects
Regions
European Union
Enlargement countries
European Free Trade Association
Mediterranean neighbourhood
FEMIP overview
Maximizing synergies
Financing & advisory services
Loans
Private equity
Advisory services
FEMIP Support Package
How to apply
Trust fund
Technical advisory
Private equity
CAMENA Climate action envelope
MED 5P
Organisation and staff
FAQ - FEMIP
EU Eastern neighbours
Cooperation with other institutions and organisations
Financing facilities
Trust fund
Examples of EPTATF Operations
Institutional framework
Central Asia
Institutional framework
Cooperation with other institutions and organisations
Financing facilities
Technical assistance and grants
Sub-Saharan Africa, Caribbean and Pacific
Funding and financial instruments
Applying for loans
Cooperation with partners
Investment Facility
Other initiatives
Activities
Asia and Latin America
Priorities
Climate
EIB and COP
Economic and Social Cohesion
Infrastructure
Innovation and skills
Investing for Youth
SMEs
Environment
Sectors
Agriculture, Food and Rural Development
Digital economy
Education and training
Energy
Forestry
Health and Life Science
Regional development
Trans-European Networks
Transport
Urban agenda
Water and Wastewater management
Project cycle
Applying for a loan
Appraisal
Procurement
Monitoring
Projects to be financed
Explanatory notes
Breakdown by region
European Union
EFTA countries
Enlargement countries
Eastern Europe, Southern Caucasus and Russia
Mediterranean countries
Africa, Caribbean, Pacific countries + OCT
South Africa
Asia and Latin America
Breakdown by sector
Recently approved projects
Projects financed
Breakdown by region
European Union
EFTA countries
Enlargement countries
Eastern Europe, Southern Caucasus and Russia
Mediterranean countries
Africa, Caribbean, Pacific countries + OCT
South Africa
Asia and Latin America
Breakdown by sector
Multi-criteria list
Operations evaluation
Process and methodology

EL SHABAB POWER PLANT

  •  Reference: 20130298
  •  Release date: 01 October 2013
Promoter – Financial Intermediary

EGYPTIAN ELECTRICITY HOLDING COMPANY (EEHC)

Location
Description

Conversion of existing Open Cycle Gas Turbine power plant to Combined Cycle Gas Turbine power plant in El Shabab, increasing generating capacity from 1000MW to 1500MW.

Objectives

The project employs modern, commercially proven, combined-cycle power generation technology to increase the output and fuel efficiency of an existing power plant project. It is expected to contribute to meeting the increasing electricity demand at a competitive cost, with relatively low environmental impact.

Comments

This operation is covered by the EU Guarantee for EIB loans outside the EU.

Sector(s)
Proposed EIB finance (Approximate amount)

EUR 205 million

Total cost (Approximate amount)

EUR 413 million

Environmental aspects

Due to its size and technical characteristics, the project is not required to follow an EIA procedure; however, the EIA for the existing open-cycle power plant, carried out in 2010, will be reviewed during appraisal and any significant gaps in the previous assessment, as well as any social or environmental concerns raised by the conversion to combined-cycle operation, will be required to be addressed by the promoter to the Bank's satisfaction.

Procurement

The project will be required to be procured according to the Banks Guide to Procurement. The procurement process is ongoing.

Status

Signed   -   09/02/2014.

Related Documents (in the Public Register)

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).



 Print
Copyright © European Investment Bank 2016
The European Investment Bank is not responsible for the content of external internet sites.