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South Helwan Power Plant Project

Egypt

Borrower Egypt
Financing Type Public Sector
Instrument Blend Facility
Focus Area Energy
Approved 13.06.2013
Signed 29.09.2013
Status Completed
Loan Administrator OPEC Fund
Executing Agency Egyptian Electricity Holding Company (EEHC)
Co-financiers AFESD, ISDB, KFAED, EBRD, The Government
OPEC Fund Contribution (US$m) 70.00
Total Project Cost (US$m) 1,993.70

Aims of the project are to improve the delivery of electricity through the expansion of the Helwan power plant. This will benefit households, agricultural workers, businesses and industries, and in turn, help create jobs and boost the economy. Works will include the installation of three 650 MW (1,950MW) steam turbine generation units, boiler, and transformers, in addition to civil works and the necessary auxiliaries. The project is in line with Government’s goal of increasing Egypt's power generation capacity in order to meet growing demands. The new infrastructure will be connected to the national grid, thereby increasing the country’s total power generation capacity. This would help alleviate of the power shortages, thus overcoming one of the main constraints to the country's socio-economic development.

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