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    Signature(s)

    Amount
    € 275,000,000
    Countries
    Sector(s)
    Syrian Arab Republic : € 275,000,000
    Energy : € 275,000,000
    Signature date(s)
    8/12/2008 : € 275,000,000
    Link to source

    Summary sheet

    Release date
    29 July 2008
    Status
    Reference
    Signed | 08/12/2008
    20080244
    Project name
    Promoter - financial intermediary
    Deir Ali II
    Public Establishment of Electricity for Generation and Transmission (PEEGT)
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 300 million.
    Estimated at some EUR 700 million.
    Location
    Sector(s)
    Description
    Objectives

    The project involves the construction and operation of a second natural gas fired combined cycle module of 750 MW at Deir Ali power plant.

    The objective is to meet growing electricity demand at a competitive cost, using modern combined-cycle technology, and increase the fuel efficiency of PEEGT power generation park by replacing inefficient oil-fired generation. The project will contribute to the expansion of basic energy infrastructure needed for the economic development of Syria.

    Environmental aspects
    Procurement

    Due to its size and technical characteristics the project requires an Environmental Impact Assessment (EIA) under EIB guidelines. The EIA process has started and is expected to be finalised in autumn 2008. The project is expected to contribute to meeting growing electricity demand with a lower environmental impact than other fossil fuel based alternatives.

    The project is required to be procured according to the Bank’s Guide to Procurement. The procurement process (international competitive bidding).is ongoing

    Link to source
    Summary sheet

    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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