Ain Sokhna Power Project

Development Partner: World Bank
Start Date: 13/08/2009
Closing Date: 30/06/2017
Total Financing: US$ 600.00 million
Total Financing Equivalent: US$ 600.00 million
Government's Sector: Electricity and Energy
Implementing Entity: Egyptian Electric Holding Company
Governorate: Suez

Development Program Objectives:

The development objectives of the Ain Sokhna Power Project for Egypt are to:

(i) assist the Government of Egypt to ensure continuous electricity supply to meet demand in a sustainable manner through investment in new generation capacity; and

(ii) improve the sector's financial sustainability by providing assistance to the Egyptian Electricity Holding Company (EEHC) to support sector revenue improvements.

Development Impact:

Strengthening the national grid of electricity and thus contribute to the economic development of Egypt and improve the lives of citizens by reducing the gap between supply and demand.

US$ 6,056.82 million

Total amount of the current ODA provided by World Bank to Egypt

14.5867176150073 85.4132823849927 85.4132823849927 14.5867176150073 85.4132823849927

29.6858736362085 70.3141263637915 29.6858736362085 70.3141263637915 70.3141263637915