Release date: 17 August 2006
Promoter – Financial Intermediary
Egyptian Electricity Holding Company (EEHC), CairoLocation
Description
The project comprises the construction of two 750 MW gas-fired combined cycle power plants.
Objectives
The objective is to meet growing electricity demand at a competitive cost, using modern combined-cycle technology. The project will contribute to the expansion of basic energy infrastructure needed for the economic development of Egypt.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 250 million.
Total cost (Approximate amount)
EUR 583 million.
Environmental aspects
The Bank will request that the Promoter carries out EIAs with appropriate public consultation, which will be reviewed by the Bank.
Procurement
The Bank will require the promoter to ensure that implementation of the project will be done in compliance with the Bank’s Guide to Procurement.
Status
Signed - 21/12/2006
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).