Situated 30-40km northwest of Cairo, the North Giza natural gas-powered power plant project is estimated to have a cost of $2.2 billion. $840 million in funding comes from the World Bank through a loan to the Government of Egypt and the rest of the money comes from the European Investment Bank (EIB) and the Fund for International Development of the Organization of Petroleum Exporting Countries (OPEC). The nearest settlement is 5-6km northwards and has a population of over 7,000 people. Land use around the site is agricultural and land on the site has fruit trees, palm trees and wheat and vegetables. Local farmers have complained that they are suffering diversion of the Nile flow, unanticipated loss of ground water sources, salinization of wells and soil, and damage of crops and trees. In a meeting with the World Bank, local farmers expressed concern about a lack of transparency and consultation with communities and detailed how construction debris had been dumped in a canal, negatively affected their ability to produce crops on land bordering the plant. New York Stock Exchange listed GE has signed contracts totaling US$300 million with the Egyptian Electricity Holding Company to supply six gas turbines and associated services to the North Giza plant and one other planned power station.