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    Signature(s)

    Amount
    € 150,000,000
    Countries
    Sector(s)
    Egypt : € 150,000,000
    Energy : € 150,000,000
    Signature date(s)
    10/09/2002 : € 150,000,000
    Link to source

    Summary sheet

    Release date
    19 March 2002
    Status
    Reference
    Signed | 10/09/2002
    20010383
    Project name
    Promoter - financial intermediary
    Nubariya Combined Cycle Power Plant
    Egyptian Electricity Holding Company (EEHC)
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 150 mio
    Estimated at approximately EUR 500 - 600 mio
    Location
    Sector(s)
    Description
    Objectives

    The project consists of a 750 MWe dual-fired (natural gas and light fuel oil) combined-cycle gas turbine (CCGT) generation module at a new power station to be built at Nubariya. The power station is designed to accommodate two identical CCGT modules. The project represents the first of these modules, together with interconnection to the grid via a new 500 KV single circuit overhead transmission line to Cairo (90 Km), two new double circuit 220 KV transmission lines to nearby substations (20 and 15 Km), and two additional 500 KV transformers at a nearby substation.

    The project will meet growing electricity demand at a competitive cost using modern energy efficient technology with a relatively low environmental impact. The plant will utilise natural gas for which abundant national reserves are proven and will thus contribute to the use of indigenous resources and the rational use of energy.

    Environmental aspects
    Procurement

    An Environmental Impact Assessment will be carried out in accordance with the prevailing legislation. The use of natural gas in a modern combined-cycle power plant is expected to result in a relatively low level of atmospheric pollution. Mitigating measures to be applied and compliance with relevant EU legislation will be assessed during appraisal.

    The items to be financed by the Bank would be procured through international tender, with publication in the Official Journal of the European Communities.

    Link to source

    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).

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