Skip to Main Navigation

EG - Helwan South Power Project

Abstract*

The objective of the Helwan South Power Project for Egypt is to increase power generation capacity in an efficient manner within the borrower's territory. There are two components to the project, the first component being the Helwan south power plant. This component includes a 3x650-MW supercritical steam technology power plant, fired by natural gas as the primary fuel and by Heavy Fuel Oil (HFO) as a backup. The plant comprises three identical units...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

Show More

Development Objective

The project development objective is to increase power generation capacity in an efficient manner within the Borrower’s territory.

Key Details

Project Details

  • P117407

  • Closed

  • Paul Baringanire

  • Arab Republic of Egypt

  • Egypt, Arab Republic of

  • December 6, 2010

  • (as of board presentation)

    June 27, 2013

  • April 30, 2014

  • US$ 2404.40 million

  • Egyptian Natural Gas Company (GASCO),Egyptian Electricity Holding Company

  • Middle East and North Africa

  • 2013

  • US$ 1482.60 million

  • A

  • October 18, 2022

  • June 30, 2019

  • Yes

  • BANK APPROVED

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 585.40
Arab Fund for Economic and Social Development 193.50
KUWAIT: Kuwait Fund for Arab Economic Development 213.80
OPEC FUND 40.00
Islamic Development Bank 449.90
Borrower/Recipient 921.80

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 585.40
IDA Commitment N/A
IBRD + IDA Commitment 585.40
Lending Instrument
Grant Amount 897.20
Total Project Cost** 2404.40

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

Download:
No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of March 31, 2025

Download:
No data available.
Period Financier Transaction Type Amount (US$)
Aug 17, 2017 IBRD-82780 Loan Disb 204,547.02
Oct 24, 2017 IBRD-82780 Loan Disb 2,607,905.20
Aug 8, 2017 IBRD-82780 Loan Disb 2,946,670.80
Aug 31, 2017 IBRD-82780 Loan Disb 4,053,077.80
Sep 1, 2017 IBRD-82780 Loan Disb 283,827.72
Aug 11, 2017 IBRD-82780 Loan Disb 2,702,922.20
Apr 12, 2018 IBRD-82780 Loan Disb 531,767.20
Dec 12, 2017 IBRD-82780 Loan Disb 314,463.88
Sep 1, 2017 IBRD-82780 Loan Disb 275,653.53
Jan 11, 2018 IBRD-82780 Loan Disb 7,677,287.00
Feb 27, 2018 IBRD-82780 Loan Disb 3,159,794.80
Dec 11, 2017 IBRD-82780 Loan Disb 675,053.90
Mar 1, 2018 IBRD-82780 Loan Disb 393,517.53
Mar 1, 2024 IBRD-82780 Int Charges 151,292.73
Mar 1, 2024 IBRD-82780 Int Charges 11,370,450.00
Mar 1, 2024 IBRD-82780 Loan Repay 9,767,684.00
Jun 27, 2013 IBRD-82780 Loan Commitment 585,400,000.00
Sep 1, 2023 IBRD-82780 Int Charges 241,021.12
Sep 1, 2023 IBRD-82780 Int Charges 10.20
Sep 1, 2023 IBRD-82780 Int Charges 10,450,011.00
Sep 1, 2023 IBRD-82780 Loan Repay 9,767,684.00
Mar 1, 2022 IBRD-82780 Int Charges 1,725,138.90
Mar 1, 2022 IBRD-82780 Loan Repay 9,767,684.00
Sep 1, 2022 IBRD-82780 Int Charges 3,113,358.20
Sep 1, 2022 IBRD-82780 Loan Repay 9,767,684.00
Mar 1, 2023 IBRD-82780 Int Charges 8,912,302.00
Mar 1, 2023 IBRD-82780 Loan Repay 9,767,684.00
Mar 1, 2023 IBRD-82780 Int Charges 555,835.50
Sep 1, 2021 IBRD-82780 Int Charges 1,879,377.20
Sep 1, 2021 IBRD-82780 Loan Repay 9,767,684.00
Mar 1, 2021 IBRD-82780 Int Charges 2,079,190.60
Mar 1, 2021 IBRD-82780 Loan Repay 9,767,684.00
Sep 1, 2020 IBRD-82780 Int Charges 4,735,254.00
Sep 1, 2020 IBRD-82780 Loan Repay 9,767,684.00
Oct 31, 2019 IBRD-82780 Loan Disb 15,257,101.00
Oct 15, 2019 IBRD-82780 Loan Disb 97,764.99
Dec 31, 2019 IBRD-82780 Loan Cancel 166,186,096.00
Mar 1, 2020 IBRD-82780 Int Charges 5,532,871.50
Mar 1, 2018 IBRD-82780 Int Charges 47,657.40
Mar 1, 2018 IBRD-82780 Int Charges 2,218,283.00
Feb 12, 2018 IBRD-82780 Loan Disb 5,243,922.50
Apr 30, 2018 IBRD-82780 Loan Disb 1,041,852.50
Mar 27, 2018 IBRD-82780 Loan Disb 1,306,282.50
Mar 28, 2018 IBRD-82780 Loan Disb 175,887.27
Jan 17, 2018 IBRD-82780 Loan Disb 9,542,012.00
Jan 16, 2018 IBRD-82780 Loan Disb 298,595.53
Dec 7, 2017 IBRD-82780 Loan Disb 3,878,324.00
Aug 18, 2016 IBRD-82780 Loan Disb 141,113.97
Apr 20, 2017 IBRD-82780 Loan Disb 8,648,182.00
Jun 27, 2017 IBRD-82780 Loan Disb 5,587.60
May 8, 2017 IBRD-82780 Loan Disb 177,578.86
Mar 30, 2017 IBRD-82780 Loan Disb 219,731.53
Jul 14, 2017 IBRD-82780 Loan Disb 5,571,556.00
Apr 25, 2017 IBRD-82780 Loan Disb 11,117,576.00
Jul 11, 2017 IBRD-82780 Loan Disb 6,688,432.00
Jul 13, 2017 IBRD-82780 Loan Disb 956,666.10
Jun 7, 2017 IBRD-82780 Loan Disb 4,087,227.20
Mar 27, 2017 IBRD-82780 Loan Disb 1,263,947.80
Jul 13, 2017 IBRD-82780 Loan Disb 241,999.28
Jun 8, 2017 IBRD-82780 Loan Disb 237,120.38
May 5, 2017 IBRD-82780 Loan Disb 2,509,107.50
Jun 12, 2017 IBRD-82780 Loan Disb 3,917,989.80
May 2, 2017 IBRD-82780 Loan Disb 2,868,814.50
Mar 13, 2017 IBRD-82780 Loan Disb 400,125.62
May 22, 2017 IBRD-82780 Loan Disb 576,458.10
Feb 24, 2017 IBRD-82780 Loan Disb 641,605.20
Mar 2, 2017 IBRD-82780 Loan Disb 143,680.34
Mar 1, 2017 IBRD-82780 Int Charges 22,260.85
Mar 1, 2017 IBRD-82780 Int Charges 1,071,586.10
Nov 6, 2017 IBRD-82780 Loan Disb 8,786,095.00
Oct 19, 2017 IBRD-82780 Loan Disb 876,404.00
Nov 17, 2017 IBRD-82780 Loan Disb 1,216,485.20
Aug 25, 2017 IBRD-82780 Loan Disb 1,654,779.50
Dec 27, 2016 IBRD-82780 Loan Disb 189,797.55
Jul 6, 2016 IBRD-82780 Loan Disb 5,287,434.50
Jul 5, 2016 IBRD-82780 Loan Disb 329,707.16
Oct 24, 2016 IBRD-82780 Loan Disb 412,261.25
Nov 14, 2016 IBRD-82780 Loan Disb 357,553.44
Jun 23, 2016 IBRD-82780 Loan Disb 2,012,828.00
Jan 17, 2017 IBRD-82780 Loan Disb 154,380.27
Jan 23, 2017 IBRD-82780 Loan Disb 1,654,779.50
Feb 8, 2017 IBRD-82780 Loan Disb 208,353.12
Feb 14, 2017 IBRD-82780 Loan Disb 3,648,822.00
Feb 9, 2017 IBRD-82780 Loan Disb 2,789,855.00
Feb 2, 2017 IBRD-82780 Loan Disb 1,024,246.30
Oct 3, 2016 IBRD-82780 Loan Disb 339,829.38
Jan 26, 2017 IBRD-82780 Loan Disb 184,734.30
Oct 27, 2016 IBRD-82780 Loan Disb 185,446.69
Aug 25, 2016 IBRD-82780 Loan Disb 2,808,898.50
Aug 18, 2016 IBRD-82780 Loan Disb 381,339.97
Dec 19, 2016 IBRD-82780 Loan Disb 526,562.00
Aug 19, 2016 IBRD-82780 Loan Disb 3,587,248.00
Mar 1, 2016 IBRD-82780 Int Charges 254,027.20
Feb 22, 2016 IBRD-82780 Loan Disb 6,540,473.50
Apr 11, 2016 IBRD-82780 Loan Disb 577,632.10
Feb 16, 2016 IBRD-82780 Loan Disb 7,836,899.00
Apr 14, 2016 IBRD-82780 Loan Disb 1,951,110.00
Mar 14, 2016 IBRD-82780 Loan Disb 1,029,587.30
Dec 30, 2016 IBRD-82780 Loan Disb 21,880.18
Oct 11, 2016 IBRD-82780 Loan Disb 156,218.60
Jul 18, 2016 IBRD-82780 Loan Disb 3,278,434.80
Dec 20, 2018 IBRD-82780 Loan Disb 14,890,808.00
Oct 11, 2018 IBRD-82780 Loan Disb 154,400.62
Dec 3, 2018 IBRD-82780 Loan Disb 49,263.66
Feb 15, 2019 IBRD-82780 Loan Disb 64,331.71
Oct 10, 2018 IBRD-82780 Loan Disb 332,762.88
Jan 22, 2019 IBRD-82780 Loan Disb 175,792.97
Feb 11, 2019 IBRD-82780 Loan Disb 147,557.28
Oct 25, 2018 IBRD-82780 Loan Disb 1,999,607.20
Nov 20, 2018 IBRD-82780 Loan Disb 2,789,855.00
Oct 5, 2018 IBRD-82780 Loan Disb 1,708,747.00
Feb 22, 2019 IBRD-82780 Loan Disb 113,886.64
Feb 26, 2019 IBRD-82780 Loan Disb 1,790,872.00
Feb 26, 2019 IBRD-82780 Loan Disb 2,114,309.50
Nov 27, 2018 IBRD-82780 Loan Disb 3,912,055.00
Jul 1, 2019 IBRD-82780 Loan Disb 303,523.62
Mar 1, 2019 IBRD-82780 Int Charges 44,000.82
Mar 1, 2019 IBRD-82780 Int Charges 4,818,882.00
Jul 2, 2019 IBRD-82780 Loan Disb 338,075.72
May 6, 2019 IBRD-82780 Loan Disb 149,846.05
Mar 18, 2019 IBRD-82780 Loan Disb 146,036.23
May 9, 2019 IBRD-82780 Loan Disb 1,822,993.00
Apr 4, 2019 IBRD-82780 Loan Disb 361,164.30
Jun 28, 2019 IBRD-82780 Loan Disb 7,126,717.00
Jun 18, 2019 IBRD-82780 Loan Disb 760,816.44
Jul 23, 2018 IBRD-82780 Loan Disb 5,450,982.00
May 22, 2018 IBRD-82780 Loan Disb 726,300.75
May 4, 2018 IBRD-82780 Loan Disb 2,581,793.20
Jul 16, 2018 IBRD-82780 Loan Disb 319,278.12
May 29, 2018 IBRD-82780 Loan Disb 1,841,750.40
Jun 11, 2018 IBRD-82780 Loan Disb 2,824,284.20
Jun 12, 2018 IBRD-82780 Loan Disb 1,541,519.80
Jun 12, 2018 IBRD-82780 Loan Disb 1,297,630.40
Jun 18, 2018 IBRD-82780 Loan Disb 216,253.70
Jul 20, 2018 IBRD-82780 Loan Disb 4,578,676.50
Aug 15, 2018 IBRD-82780 Loan Disb 1,188,434.10
Aug 20, 2018 IBRD-82780 Loan Disb 200,935.77
Sep 1, 2018 IBRD-82780 Int Charges 52,214.06
Sep 1, 2018 IBRD-82780 Int Charges 3,762,246.00
Jun 21, 2018 IBRD-82780 Loan Disb 5,071,686.00
Aug 20, 2018 IBRD-82780 Loan Disb 937,024.10
Aug 20, 2018 IBRD-82780 Loan Disb 2,725,491.00
Aug 23, 2018 IBRD-82780 Loan Disb 2,313,398.80
Aug 6, 2018 IBRD-82780 Loan Disb 1,331,258.00
Jul 18, 2017 IBRD-82780 Loan Disb 675,463.20
Oct 27, 2017 IBRD-82780 Loan Disb 2,785,708.50
Aug 29, 2017 IBRD-82780 Loan Disb 171,129.75
Sep 1, 2017 IBRD-82780 Int Charges 11,301.10
Sep 1, 2017 IBRD-82780 Int Charges 1,536,893.60
Sep 27, 2017 IBRD-82780 Loan Disb 3,719,806.50
Oct 2, 2017 IBRD-82780 Loan Disb 5,373,772.00
Oct 26, 2017 IBRD-82780 Loan Disb 236,836.66
Aug 30, 2016 IBRD-82780 Loan Disb 5,517,946.50
Jun 21, 2016 IBRD-82780 Loan Disb 20,129,648.00
Sep 1, 2016 IBRD-82780 Int Charges 4,861.22
Sep 1, 2016 IBRD-82780 Int Charges 550,550.20
Jun 30, 2016 IBRD-82780 Loan Disb 5,408,297.50
Nov 14, 2016 IBRD-82780 Loan Disb 925,295.40
Mar 17, 2015 IBRD-82780 Loan Disb 553,956.56
Sep 1, 2015 IBRD-82780 Int Charges 199,357.38
Jun 30, 2014 IBRD-82780 Fee Charges 1,463,500.00
Mar 18, 2015 IBRD-82780 Loan Disb 2,893,407.80
Mar 18, 2015 IBRD-82780 Loan Disb 19,794,934.00
Mar 13, 2015 IBRD-82780 Loan Disb 6,121,000.00
Mar 13, 2015 IBRD-82780 Loan Disb 17,161,832.00
Mar 1, 2018 IBRD-82780 Loan Disb 323,938.50
Mar 1, 2020 IBRD-82780 Int Charges 81,443.26
May 3, 2019 IBRD-82780 Loan Disb 4,665.02
May 3, 2019 IBRD-82780 Loan Disb 92,767.11
Jul 15, 2019 IBRD-82780 Loan Disb 760,816.44
Apr 8, 2019 IBRD-82780 Loan Disb 6,718,684.00
Apr 8, 2019 IBRD-82780 Loan Disb 3,035,291.20
Jul 12, 2019 IBRD-82780 Loan Disb 4,152,355.50
Jul 16, 2019 IBRD-82780 Loan Disb 7,261,583.00
Apr 18, 2019 IBRD-82780 Loan Disb 4,247,646.00
Mar 15, 2019 IBRD-82780 Loan Disb 1,872,778.00
Apr 17, 2019 IBRD-82780 Loan Disb 5,508.94
Jun 17, 2019 IBRD-82780 Loan Disb 1,825,664.00
Mar 21, 2019 IBRD-82780 Loan Disb 1,662,379.50
Jun 25, 2019 IBRD-82780 Loan Disb 380,753.12
Jun 27, 2019 IBRD-82780 Loan Disb 305,760.50
Jun 27, 2019 IBRD-82780 Loan Disb 611,284.30
Apr 12, 2019 IBRD-82780 Loan Disb 35,674.13
Jun 20, 2019 IBRD-82780 Loan Disb 1,082,117.90
Nov 4, 2019 IBRD-82780 Loan Disb 13,567,362.00
Jul 17, 2019 IBRD-82780 Loan Disb 5,598,212.50
Aug 19, 2019 IBRD-82780 Loan Disb 206,746.42
Sep 17, 2019 IBRD-82780 Loan Disb 543,708.80
Jul 31, 2019 IBRD-82780 Loan Disb -760,816.44
Oct 17, 2019 IBRD-82780 Loan Disb 28,052.48
Sep 1, 2019 IBRD-82780 Int Charges 5,571.15
Sep 1, 2019 IBRD-82780 Int Charges 5,864,025.50
Oct 30, 2019 IBRD-82780 Loan Disb 16,658,454.00
Oct 30, 2019 IBRD-82780 Loan Disb 2,024,271.20
Oct 30, 2019 IBRD-82780 Loan Disb 777,789.06
Oct 25, 2019 IBRD-82780 Loan Disb 1,194,768.50
Oct 28, 2019 IBRD-82780 Loan Disb 158,346.00
Oct 28, 2019 IBRD-82780 Loan Disb 384,525.38
Nov 26, 2019 IBRD-82780 Loan Disb 108,491.46
Nov 26, 2019 IBRD-82780 Loan Disb 194,888.97
Oct 30, 2018 IBRD-82780 Loan Disb 1,665,199.40
Nov 5, 2018 IBRD-82780 Loan Disb 191,165.38
Jan 31, 2019 IBRD-82780 Loan Disb 6,775.10
Jan 28, 2019 IBRD-82780 Loan Disb 1,235,438.10
Dec 20, 2018 IBRD-82780 Loan Disb 88,903.63

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Monitoring and Evaluation Moderately Satisfactory 2019-06-24
Progress towards achievement of PDO Satisfactory 2019-06-24
Procurement Satisfactory 2019-06-24
Project Management Satisfactory 2019-06-24
Financial Management Satisfactory 2019-06-24
Counterpart Funding Satisfactory 2019-06-24
Overall Implementation Progress (IP) Satisfactory 2019-06-24

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 04-30-2020
OutcomesSubstantial
Risk to Development Outcome
Bank PerformanceModerately Satisfactory
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 11-19-2020PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingSatisfactory N/a
Risk To Development OutcomeN/a
Bank PerformanceModerately SatisfactoryN/a
Borrower PerformanceN/a
Government PerformanceNot RatedN/a
Implementing AgencyN/a
Icr QualityModestN/a
M&e QualitySubstantialN/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • Generation Capacity of Conventional Generation constructed under the projectValue0.001950.000.00
    DateJune 27, 2013June 10, 2019
    Comment
  • Gas PipelinesValue0.00158.0071.20
    DateJune 27, 2013June 10, 2019June 10, 2016
    Comment
  • Annual net electricity generationValue0.0013447.000.00
    DateJune 27, 2013June 10, 2019
    Comment
  • Thermal energy conversion efficiencyValue0.0040.000.00
    DateDecember 31, 2013June 10, 2019
    Comment
  • Direct project beneficiariesValue0.007391000.000.00
    DateJune 27, 2013June 10, 2019
    Comment
  • Female beneficiariesValue0.000.000.00
    DateJune 27, 2013May 17, 2018
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Construction ProgressValue0.00100.0030.00
    DateJune 27, 2013October 31, 2019
    Comment
  • Procurement progress (Bank financed packages)Value0.00100.00100.00
    DateJune 27, 2013June 10, 2019
    Comment
  • Actual cost vs Cost Estimates (overruns if >100%)Value00<=100
    DateDecember 31, 2013June 10, 2019
    Comment
  • EGAS's current ratioValue1.01.0=>1.0
    DateJune 27, 2013June 10, 2019
    Comment
  • EEHC's current ratioValue0.50.5=>0.5
    DateJune 27, 2013June 10, 2019
    Comment
  • EGAS's DSCRValue1.31.3=>1.2
    DateJune 27, 2013June 10, 2019
    Comment
  • EEHC's DSCRValue1.11.1=>1.1
    DateJune 27, 2013June 10, 2019
    Comment