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GIZA NORTH POWER PLANT II

Signature(s)

Amount
€ 49,319,781.08
Countries
Sector(s)
Egypt : € 49,319,781.08
Energy : € 49,319,781.08
Signature date(s)
29/12/2011 : € 49,319,781.08
Link to source
Data sheet
GIZA NORTH POWER PLANT II
Other links
Summary sheet
Giza North Power Plant II
Related publications
Environmental and Social Impact Assessment (ESIA) - gas pipeline - EN
Related publications
Non Technical Summary (NTS) of the Environmental Impact Assessment (EIA) - - EN

Summary sheet

Release date
10 June 2011
Status
Reference
Signed | 29/12/2011
20110096
Project name
Promoter - financial intermediary
Giza North Power Plant II

Egyptian Electricity Holding Company (EEHC)

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 50 million
EUR 495 million
Location
Sector(s)
Description
Objectives

The installation of a 750 MW Combined Cycle Gas Turbine (CCGT) at the Giza North Power Plant in the Nile estuary area northwest of Cairo to meet growing demand of electricity and increase the fuel efficiency of power generation in Egypt.

The aim is to expand generation capacity to meet projected growth in electricity demand. The application of Combined Cycle Gas Turbine (CCGT) – module 3 – technology allows for high fuel efficiency in generation and as such contributes to mitigating green-house gas emission (GHG) intensity in the electricity sector.

Environmental aspects
Procurement

A more energy-efficient technology with lower emissions than the steam cycle plants currently used in Egypt for base load generation, resulting in CO2 emissions decrease. The project is thus expected to help meet electricity demand with lower environmental impact than other fossil fuel based alternatives.

Legal documentation will oblige the promoter to ensure procurement procedures are done in accordance with the Bank’s Guide to Procurement and the relevant applicable EU rules.

Link to source
Summary sheet
Giza North Power Plant II
Other links
Data sheet
GIZA NORTH POWER PLANT II
Related publications
Environmental and Social Impact Assessment (ESIA) - gas pipeline - EN
Related publications
Non Technical Summary (NTS) of the Environmental Impact Assessment (EIA) - - EN

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).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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