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    Signature(s)

    Amount
    € 150,000,000
    Countries
    Sector(s)
    Egypt : € 150,000,000
    Energy : € 150,000,000
    Signature date(s)
    15/07/2003 : € 150,000,000
    Link to source

    Summary sheet

    Release date
    3 March 2003
    Status
    Reference
    Signed | 15/07/2003
    20020642
    Project name
    Promoter - financial intermediary
    Nubariya Power Plant II
    Egyptian Electricity Holding Co. (EEHC)
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 150million
    Estimated at some EUR 340million
    Location
    Sector(s)
    Description
    Objectives

    The project consists of a second 750 MWe dual-fired (natural gas and light fuel oil) combined-cycle gas turbine (CCGT) generation module at a new power station that is currently under construction at Nubariya. The power station is designed to accommodate two such CCGT modules; the proposed second generation module is technically identical to the first module for which the Bank signed a loan contract in September 2002.

    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 according to Egyptian law. The use of natural gas in a modern combined-cycle power plant is expected to result in a relatively low level of pollution. Air and water pollution emissions will comply with all national and World Bank standards.

    EEHC intends to tender the project in individual lots, using international competitive bidding procedures, as is the case for the earlier projects being financed by the Bank.

    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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