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Appraisal Of El-Kureimat Combined Cycle Power Plant

Author

Listed:
  • Glenn Jenkins

    (Queen's University, Canada and Eastern Mediterranean University, Cyprus)

  • Andrey Klevchuk

    (Queen's University, Kingston, Canada)

Abstract

The proposed El Kureimat Plant (module II) project is one of 19 new generation plants that the public electrical utility of Egypt plans to setup over its current planning horizon of 2005-2012. This paper reports on an integrated investment appraisal of the project. The project involves the construction of a 750 MW (2x250 MW gas turbine and 1x250 MW steam turbine) combine cycle power plant in the premises of the existing El Kureimat Power Station. The estimated total cost of the investment is 271.1 million Euros in nominal prices. The project, when completed, will provide 750 MW of additional capacity to the unified power system (UPS) in 2009. The proposed project is expected to save a substantial amount of natural gas for the state-controlled gas utility, which will be able to export the gas and earn foreign exchange for the Government.

Suggested Citation

  • Glenn Jenkins & Andrey Klevchuk, "undated". "Appraisal Of El-Kureimat Combined Cycle Power Plant," Development Discussion Papers 2006-03, JDI Executive Programs.
    • Handle: RePEc:qed:dpaper:217
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    References listed on IDEAS

    as
    1. Glenn Jenkins & MARIA MARCHESINI, 1999. "An Analysis Of Electricity Generation And Tariff Options In Ghana," Development Discussion Papers 1999-03, JDI Executive Programs.
    2. David M. Newbery & Michael G. Pollitt, 1997. "The Restructuring and Privatization of the U.K. Electricity Supply-Was It Worth It?," World Bank Publications - Reports 11572, The World Bank Group.
    3. Chun‐Yan Kuo & Glenn P. Jenkins & M. Benjamin Mphahlele, 2003. "The Economic Opportunity Cost Of Capital In South Africa," South African Journal of Economics, Economic Society of South Africa, vol. 71(3), pages 523-543, September.
    4. Glenn Jenkins & Henry Lim, 1999. "An Integrated Analysis of a Power Purchase Agreement," Development Discussion Papers 1999-08, JDI Executive Programs.
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    More about this item

    Keywords

    thermal electricity; generation plants; combine cycle power plant; Egypt Integrated Appraisal.;
    All these keywords.

    JEL classification:

    • H43 - Public Economics - - Publicly Provided Goods - - - Project Evaluation; Social Discount Rate

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