Luxembourg, 11/09/2002 (Agence Europe) - The European Investment Bank (EIB) will be lending the Egyptian Electricity Holding Company (EEHC) a long-term loan of EUR 150 million for the construction of a new greenfield natural gas-fires combined cycle power plant, located in the Nile delta, south of the El Nubariya and El Nassery canals. The EEH is responsible for the generation, transmission and distribution of electricity throughout Egypt. Incorporated in 2000 as a private company and wholly owned by the Egyptian State, EEHC owns and operates a unified power system interconnected with Libya and Jordan. The new plant is expected to begin commercial exploitation in 2007, will have a capacity of 650 MWe. This loan is the second granted by the EIB to EEHC since 2001 for a combined cycle power plant (the first was for an electricity plant to the North of Cairo.