Deal #1172

The Egyptian government footed the bill to develop all of the infrastructure of the canal system, while the investors covered the costs of agricultural reclamation and completing the construction of branches from the irrigation canal, drainage systems and water pumping stations on the land they had acquired.

Lake Nasser (250 MW pumping station was built to pull the water from Toshka valley, which is linked to Lake Nasser and filled from flood water from Nile River). Additional use of underground Great Nubian Sand Aquifer.

Estimate that investors pay well less than market value for water. For 2 deals together, half of which relates to Al Dahra: "The average amount of water consumed is about 210 million cubic meters annually, while the companies pay the Ministry of Irrigation about LE20 million (US$1.2 million) annually. If we estimate that the market price for a cubic meter of water is LE2 (US$0.12), this means that the investor purchased water worth LE420 million (US$24.3 million) for just LE20 million (US$1.2 million)."

177 pivots installed