Release date: 10 August 2005
Promoter – Financial Intermediary
Public Establishment of Electricity for Generation and Transmission (PEEGT)Location
Description
Construction and operation of a dual-fired Greenfield power generating plant of a base load Combined Cycle Gas Turbine unit of 750 MW.
Objectives
The project aims at the cost-effective supply of electricity, both to cover the growth of demand and re-establish security of supply. The combined cycle gas turbine technology is expected to raise the average thermal efficiency of the system and thereby to contribute to lowering emissions of greenhouse gases and air polluants per unit of electricity generated.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 200 million
Total cost (Approximate amount)
Estimated at EUR 480 million
Environmental aspects
Environmental impact studies will be carried out as applicable and mitigating and/or compensation measures applied as necessary.
Procurement
International procurement, in line with EIB guidelines.
Status
Signed - 25/11/2005
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).