Sisi endorses EBRD $190 mln electricity loan

Egyptian President Abdel Fattah al-Sisi endorsed on Thursday the country’s $190 million loan agreement with the European Bank for Reconstruction and Development (EBRD).

Signed earlier on March 31, 2014, the EBRD’s loan agreement is designated to finance the upgrade of Shabab and the West Damietta power plants. The two power stations will be converted to operate with a combined-cycle system in a bid to increase energy production capacity to 2,250 MW.

Two steam turbines will be attached to the Shabab plant and one steam turbine will be attached to the West Damietta plate. The turbines, which each have a 250MW capacity, will operate through energy recovery boilers.

The Shabab plant is comprised of eight gas units, with a capacity of 125 MW each, and four steam units with a total capacity of 500 MW. The west Damietta plant is comprised of four gas units, also with a capacity of 125 MW each, and steam units with a total capacity of 250 MW.