Japanese aid Egyptian Electricity
01 September 2003
The Japan Bank for International Cooperation (JBIC) has signed an ODA loan agreement totalling five billion yen ($42.3 million) with the Egyptian Electricity Holding Company (EEHC) to support the Cairo-Alexandria transmission system project.
The loan will be used primarily for the procurement of materials and equipment for two construction projects, the Sidi Krir Substation in Alexandria, and a 500-kilovolt transmission line that will stretch 230 km from the Sidi Krir Substation to the Cairo 500 Substation (via the Nubaria power station in the delta zone).
Power demand in northern Egypt, which includes Cairo, Alexandria and the Delta zone, is the highest in the country and is expected to increase at an annual rate of six to seven per cent over the coming years.
In response to this rapid increase in electricity demand, the Egyptian government launched two major projects, the 1,290-MW Sidi Krir power station in Alexandria (already completed), and the 1,500-MW Nubaria power station in the delta zone (currently under construction).
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