This project is still under review by the EWS. Project information and/or project analysis may be incomplete.
WIND FARM GULF OF SUEZ (EIB-20100544)

Countries
  • Egypt
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Investment Amount (USD)
Not Disclosed
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ EIB website

Disclosed by Bank Sep 24, 2015


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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.
LOCATION Egypt DESCRIPTION Construction of a 200 MWe windfarm on the Red Sea coast - at the Gulf of Suez - to supply the national grid OBJECTIVES This renewable energy project is expected to make a significant contribution to both EU and country priorities, in particular with regard to climate action objectives. The project is fully in line with the strategic objectives set for the Bank's external mandate for the Southern Neighbourhood region since it will contribute to reducing the growing electricity supply gap in Egypt using sustainable wind energy resources. The project also directly supports the objectives of the Government of Egypt, which aims to reach a wind energy share of total energy generation of 12% by 2020 under its power sector development strategy. COMMENTS This operation is covered by the EU Guarantee for EIB loans outside the EU. ENVIRONMENTAL ASPECTS If the project were located within the EU it would fall under Annex II of the Environmental Impact Assessment (EIA) Directive (2011/92/EU), requiring the competent authorities to determine whether an EIA is required. A Strategic Environmental Assessment (SEA) was conducted for the larger region in 2011 ("1000 MW wind farm") covering an area of about 200 kmA,. Based on the SEA, the competent authority has screened the project in and decided that a preliminary impact assessment or "Form B" is required. As the "Form B" is less comprehensive than a full EIA, the Bank will conduct a gap-analysis with respect to its environmental and social standards and decide on complementary measures as required. PROCUREMENT The Bank will require the promoter to ensure that the implementation of the project will be done in accordance with the Bank's Guide to Procurement.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.
ACCOUNTABILITY MECHANISM OF EIB The EIB Complaints Mechanism is designed to facilitate and handle complaints against the EIB by individuals, organizations or corporations affected by EIB activities. When exercising the right to lodge a complaint against the EIB, any member of the public has access to a two-tier procedure, one internal - the Complaints Mechanism Office - and one external - the European Ombudsman. A complaint can be lodged via a written communication addressed to the Secretary General of the EIB, via email to the dedicated email address complaints@eib.org, by completing the online complaint form available at the following address: http://www.eib.org/complaints/form, via fax or delivered directly to the EIB Complaints Mechanism Division, any EIB local representation office or any EIB staff. For further details, check: http://www.eib.org/attachments/strategies/complaints_mechanism_policy_en.pdf When dissatisfied with a complaint to the EIB Complaints Mechanism, citizens can then turn towards the European Ombudsman. A memorandum of Understanding has been signed between the EIB and the European Ombudsman establishes that citizens (even outside of the EU if the Ombudsman finds their complaint justified) can turn towards the Ombudsman on issues related to 'maladministration' by the EIB. Note that before going to the Ombudsman, an attempt must be made to resolve the case by contacting the EIB. In addition, the complaint must be made within two years of the date when the facts on which your complaint is based became known to you. You can write to the Ombudsman in any of the languages of the European Union. Additional details, including filing requirements and complaint forms, are available at: http://www.ombudsman.europa.eu/atyourservice/interactiveguide.faces

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