Release date: 26 April 2010
Promoter – Financial Intermediary
Egyptian Electricity Holding Company and subsidiaries.
Location
Description
The project concerns the construction of a 1 500 MW gas-fired combined-cycle plant.
Objectives
The project is expected to contribute to meeting growing electricity demand with a lower environmental impact than other fossil fuel based alternatives.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 300 million.
Total cost (Approximate amount)
EUR 1 000 million.
Environmental aspects
Due to its size and technical characteristics the project requires an Environmental Impact Assessment (EIA) under EIB Guidelines. The EIA process is ongoing and it is expected to be finalised in spring 2010.
Procurement
The project is required to be procured in compliance with the Bank’s Guide to Procurement. The procurement process is commencing.
Status
Signed - 24/10/2010
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).