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Signature(s)

Amount
€ 205,000,000
Countries
Sector(s)
Egypt : € 205,000,000
Energy : € 205,000,000
Signature date(s)
9/02/2014 : € 205,000,000
Link to source

Summary sheet

Release date
1 October 2013
Status
Reference
Signed | 09/02/2014
20130298
Project name
Promoter - financial intermediary
EL SHABAB POWER PLANT
EGYPTIAN ELECTRICITY HOLDING COMPANY (EEHC)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 205 million
EUR 413 million
Location
Sector(s)
Description
Objectives

Conversion of existing Open Cycle Gas Turbine power plant to Combined Cycle Gas Turbine power plant in El Shabab, increasing generating capacity from 1000MW to 1500MW.

The project employs modern, commercially proven, combined-cycle power generation technology to increase the output and fuel efficiency of an existing power plant project. It is expected to contribute to meeting the increasing electricity demand at a competitive cost, with relatively low environmental impact.

Environmental aspects
Procurement

Due to its size and technical characteristics, the project is not required to follow an EIA procedure; however, the EIA for the existing open-cycle power plant, carried out in 2010, will be reviewed during appraisal and any significant gaps in the previous assessment, as well as any social or environmental concerns raised by the conversion to combined-cycle operation, will be required to be addressed by the promoter to the Bank's satisfaction.

The project will be required to be procured according to the Banks Guide to Procurement. The procurement process is ongoing.

Comments

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

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).

Documents

Environmental and Social Data Sheet (ESDS) - EL SHABAB POWER PLANT
Publication Date
17 Jan 2014
Document language
Main Topic
Lending
Document Number
49477446
Document Focus
Environmental Information
Project Number
20130298
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Completion Sheet (ESCS) - EL SHABAB POWER PLANT
Publication Date
30 Dec 2020
Document language
Main Topic
Lending
Document Number
136084676
Document Focus
Environmental Information
Project Number
20130298
Sector(s)
Countries
Publicly available
Download now

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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.
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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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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