DAMANHOUR CCGT POWER PLANT

Promoteur – Intermédiaire Financier

EGYPTIAN ELECTRICITY HOLDING CO

Lieu

• Égypte

Description

The project consists of the construction of a 2x900 MW high-efficiency combined cycle gas turbine (CCGT) on the site of an existing power plant at Damanhour, in the Nile Delta, 150 km north-west of Cairo.

Objectifs

Reliable, safe and fuel-efficient energy is critical to private sector growth and as such forms a cornerstone in Egypt's strategy for economic growth. The CCGT technology offers lower CO2 emissions compared to other fossil fuel alternatives. The project is in line with Euro-Mediterranean Partnership policy, and with energy efficiency and climate change targets.

Commentaires

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

Secteur(s)

• Énergie - Production et distribution d'électricité, de gaz, de vapeur et d'air conditionné

Garantie au titre du MPE

This operation is covered by the ELM Guarantee.

Montant BEI envisagé (montant approximatif)

USD 600 million (EUR 538 million)

Coût total (montant approximatif)

USD 1347 million (EUR 1208 million)

Aspects environnementaux

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 the second half of 2015. The project is expected to contribute to meeting growing electricity demand with a lower environmental impact than other fossil-fuel-based alternatives.

Passation des marchés

The project is required to be procured according to the Bank's Guide to Procurement. The procurement process is ongoing.

Statut

Signé - 6/12/2015