Egypt Electricity Grid Reinforcement (EBRD-49549)

Countries
  • Egypt
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jul 4, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Sectors
  • Energy
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 239.82 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 200.00
Converted using 2018-05-01 exchange rate.
Project Cost (USD)
$ 239.82 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 200.00
Converted using 2018-05-01 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS May 22, 2018

Disclosed by Bank May 1, 2018


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Project Description

The project involves financing part of EETC's grid investment plan to help optimise power flows, reduce transmission losses, and connect new renewable energy plants and state-of-theart generation units. The Project consists of the following substations: (1) El Sadat 500 kV substation in Menofia Governorate, (2) New Atfih 500 kV substation in south Cairo, (3) West Mallawy 500 kV substation in Upper Egypt, (4) Shebeen El Koum 500 kV substation in Menofia Governorate, and (5) Abo Talaat 220 kV substation in Alexandria Governorate.

Investment Description
  • European Bank for Reconstruction and Development (EBRD)

Technical Cooperation funding to assess the technical viability of the Project was provided by Germany (EUR 71,960) under the Sustainable Development of the Power Sector Framework and Shareholders Special Fund SSF (EUR 20,100) under the Green Economy Transition Project Preparation and Implementation Framework.

Contact Information

Dr Amr El Baradie
amrbaradie@gmail.com
+20222611739
+20222616509

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.