EG-Giza North Power Project

closed

The objective of the Giza North Power Project for Egypt, Arab Republic of is to contribute to improving the security and efficiency of electricity supply in a sustainable manner. There are three components to the project, the first component being Giza north power plant. The components include the following: (i) four 250 MW gas turbines; (ii) two 250 MW steam turbines; (iii) four heat recovery steam generators (HRSG); (iv) water systems including cooling water, condensate system (deaerator, condenser, etc.), feedwater heaters, service water and waste water treatment; and (v) electrical system including transformers and switchyard. The second component is the technical assistance. This component includes the following: a) support for promotion of private sector investment in electricity generation, including for the process of selecting private developer for the Independent Power Producer (IPP) at Dairut (already announced by the government) (US$ 150,000); (b) development of a power sector strategy for the power sector for the next 7-10 years, focusing on attracting additional private investment (beyond the Dairut IPP) and associated tariff and other policies to facilitate efficient financing of investment needs (US$ 200,000); and (c) support for promotion of energy efficiency (US$ 200,000). Finally, the third component is the project financing.