IBRD LOAN: US$259.6
TERMS: Grace period = 5 years; Maturity = 20 years.
PROJECT DESCRIPTION: The main objective of this project is to assist the Egyptian government in enhancing the supply of energy in a sustainable manner through investment in new generation capacity. It also aims at helping the government strengthen the performance of the power sector by engaging in policy dialogue and supporting measures aimed at improving financial performance and energy efficiency. It will also contribute to the development of the legal framework for the power sector, future gas and electricity pricing and further implementation of already undertaken reforms.