Release date: 19 March 2002
Promoter – Financial Intermediary
Egyptian Electricity Holding Company (EEHC)Location
Description
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.
Objectives
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.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 150 mio
Total cost (Approximate amount)
Estimated at approximately EUR 500 - 600 mio
Environmental aspects
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.
Procurement
The items to be financed by the Bank would be procured through international tender, with publication in the Official Journal of the European Communities.
Status
Signed - 10/09/2002
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).