DAMANHOUR CCGT POWER PLANT

Projektträger – zwischengeschaltetes Finanzinstitut

EGYPTIAN ELECTRICITY HOLDING CO

Ort

• Ägypten

Beschreibung

The project consists of the construction of a 2x900 MW high-efficiency combined cycle gas turbine (CCGT) on the site of an existing power plant at Damanhour, in the Nile Delta, 150 km north-west of Cairo.

Ziele

Reliable, safe and fuel-efficient energy is critical to private sector growth and as such forms a cornerstone in Egypt's strategy for economic growth. The CCGT technology offers lower CO2 emissions compared to other fossil fuel alternatives. The project is in line with Euro-Mediterranean Partnership policy, and with energy efficiency and climate change targets.

Kommentar(e)

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

Sektor(en)

• Energie - Energieversorgung

Garantie im Rahmen des Außenmandats

This operation is covered by the ELM Guarantee.

Vorgeschlagene EIB-Finanzierung (voraussichtlicher Betrag)

USD 600 million (EUR 538 million)

Gesamtkosten (voraussichtlicher Betrag)

USD 1347 million (EUR 1208 million)

Umweltaspekte

Due to its size and technical characteristics the project requires an environmental impact assessment (EIA) under EIB guidelines. The EIA process is ongoing and it is expected to be finalised in the second half of 2015. The project is expected to contribute to meeting growing electricity demand with a lower environmental impact than other fossil-fuel-based alternatives.

Auftragsvergabe

The project is required to be procured according to the Bank's Guide to Procurement. The procurement process is ongoing.

Projektstatus

Unterzeichnet - 6/12/2015