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The Arab Republic of Egypt

Cairo North Power Generation Station

 

Loan No.: 407 Interest Rate: 3 %
Beneficiary:

Egyptian Electricity Holding Company

 Grace Period: 6 years
Project Cost: KD 102.1 million Maturity: 25 years
Amount of Loan: KD 27.0 million Repayment: 39 semi-annual installments
Date of Loan Agreement: 27/05/2001 First Installment: 6 years following the first disbursement
Date of Effectiveness: -    

 

Objectives:

The project aims at increasing the installed power generation capacity in the Unified Power System by 750MW to satisfy the growing demand in Cairo, by building a power generation station around the high thermal efficiency combined cycle power generation technology, which runs on natural gas as the primary fuel and diesel oil as the alternative fuel.

Description:

The project, which is expected to be completed by mid 2005, involves the construction of a power generation station, having a total generation capacity of 750 MW, consisting of two identical combustion turbine generators, rated at 250 MW each, and two heat recovery steam generators and one steam turbine with a power rating of 250 MW. The new power station will be connected to the grid through an existing on-site substation. The project includes the following main components:

 

1-   Equipments and Installation: includes design, acquisition, installation and commissioning of combustion and steam turbine generators, heat recovery steam, generators, auxiliaries,  transformers, cables, circuit breakers, control system and pollution monitoring equipments.

 

2- Civil Works:  includes preparation of site and construction of station buildings, equipment foundations, cooling water facilities and fuel, water and chemical tanks.

 

3- Technical Services and Insurance: includes consulting services needed for project design , environmental impact study, tender evaluation and selection, technical project supervision and services for system development and training in addition to insurance.

Financing:

The Arab Fund loan represents about 26.4% of the total project cost. The European Investment Bank and Islamic Bank will respectively provide about KD 40.8 million (39.7%) and KD 12.5 million (12.1%). The remaining project cost will be financed by the Egyptian Government.

 

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