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$ 7,931.82 million

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

19.3581674906562 80.6418325093438 19.3581674906562 80.6418325093438 80.6418325093438

30.0834970488497 69.9165029511503 30.0834970488497 69.9165029511503 69.9165029511503