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- Banha Power Plant Project
Banha Power Plant Project
Egypt
| Borrower | Egypt |
| Financing Type | Public Sector |
| Instrument | Blend Facility |
| Focus Area | Energy |
| Approved | 21.09.2010 |
| Signed | 27.10.2010 |
| Status | Completed |
| Loan Administrator | OPEC Fund |
| Executing Agency | Egyptian Electricity Holding Company (EEHC) |
| Co-financiers | ABUDF, AFESD, ISDB, KFAED, GOE, SFD |
| OPEC Fund Contribution (US$m) | 40.00 |
| Total Project Cost (US$m) | 792.20 |
This project aims at improving the efficiency of the delivery of electricity by expanding the generation capacity of the grid. This will be achieved through the construction of a 750 MW combined-cycle gas turbine power plant in the city of Banha, situated some 48 km north of Cairo. On completion, the plant will provide a reliable source of electrical power to numerous households, agricultural workers, businesses and industries. In addition, an estimated 800 jobs will be created during the construction phase of the project, a significant portion of which will go to people in the lower income brackets. An anticipated 600 permanent jobs will be created when the plant is commissioned.