Release date: 30 July 2004
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, which consists of a base load Combined Cycle Gas Turbine (CCGT) unit of 750 MWe some 25 km south of Damascus.
Objectives
The project aims at the cost-effective supply of electricity, both in terms of a growing demand and re-establishing security of supply. In addition, the combined cycle gas turbine technology will contribute to lowering emisions 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 some EUR 415 million.
Environmental aspects
An Environmental Impact Assessment (EIA) is currently being prepared for the project. The project is expected to comply with both national standards and international recommendations in the field of environment. Due to its technology, the project is expected to provide electricity with low environmental impact.
Procurement
International procurement, in line with EIB guidelines.
Status
Signed - 1/11/2004
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).