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LOANS & CREDITS

Egypt – Giza North Power Project

June 8, 2010




IBRD Loan: US$600 million 

Terms: Maturity = 28.5 years; Grace = 7 years

Project ID: P116194

Project Description: The project development objective is to contribute to improving the security and efficiency of electricity supply by adding a new generation capacity based on the most efficient thermal power generation technology.  The project comprises development and construction of a 1,500-MW combined cycle gas turbine (CCGT) power plant at Giza North near Cairo.  The plant will use natural gas as the main fuel and light diesel oil as a back-up. The plant will be owned and operated by the Cairo Electricity Production Company (CEPC), a subsidiary of Egyptian Electricity Holding Company (EEHC).


Media Contacts
Hafed Al-Ghwell
Tel : (202) 473-8930
halghwell@worldbank.org

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