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The Algerian Democratic and People's Republic

Power Generating Station in Hassi Massoud (Supplementary Loan)

 

Loan No.: 353 Interest Rate: 4.5%
Beneficiary: SONELGAZ Grace Period: 5 years
Project Cost: KD 83.5 million Maturity: 22 years
Amount of Loan: KD 10.0 million Repayment: 35 semi-annual installments
Date of Loan Agreement: 06/05/1998 First Installment: 5 years following the first disbursement
Date of Effectiveness: 22/09/1998    

 

Objectives:

The project aims at increasing the installed generating capacity in order to meet the rising demand for electrical power and energy in the project area and in the unified power system by installing a power station in the Hassi Massoud area located about 1,000km Southeast of the city of Algiers, one of the most important industrial areas in Algeria, especially with regard to the oil sector.

Description:

The project, which is expected to be completed by the middle of 1999, includes the following major components:

  1. Construction of a Power Station: Includes site leveling, civil works required by the station, supply and installation of three indoor-type turbine/generators each rated at 100MW, mechanical and electro-mechanical equipment, auxiliary equipment and spare parts, along with technical studies and training during the construction phase.

  2. Construction of and Indoor Substation: Includes the supply and installation of 220kV line cells, other cells and the low voltage and auxiliary equipment, along with the civil work required for the substation.

  3. Construction of a Control Center: Includes the necessary computers and control and dispatch equipment.

  4. Construction of Overhead Lines: Includes a 220kv overhead line connecting the station to the electric grid.

  5. Supply and Installation of a Natural Gas Pipeline with a capacity of 300 thousand m3 per hour.

 

Financing:

The Arab Fund loan represents about 12% of the total project cost. Together with the first Arab Fund loan (Loan No. 324/96), the two loans represent 60% of the total project cost. The Islamic Development Bank will finance about 7% of the total project cost and the Algerian government will finance the remaining costs.

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