Release date: 1 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 - 9/02/2014
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).