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    Reference: 20090711
    Release date: 24 February 2015

    Promoter – Financial Intermediary

    National Electric Power Co. (NEPCO)

    Location

    Description

    The project is a multi-component programme to reinforce Jordan's high voltage electricity backbone network for integration of more renewable generation capacity and to improve reliability of supply. It consists of two new transmission lines (400 kV/150 km and 132 kV/51 km), upgrading three existing lines (132 kV/100 km) and construction of one new 400/132 kV, 1200 MVA electricity substation. The investments are reinforcing the network in the central Jordan desert area, where circumstances for renewable generation are most favourable.

    Objectives

    The project consists of transmission investments that are necessary to allow access of renewable electricity projects to the main consumption centre of Amman, to replace present and future fossil-based generation, and to strengthen the energy transmission backbone of the country. The project therefore contributes to the objectives of climate change mitigation and economic infrastructure development.

    Comments

    This operation is covered by the EU Guarantee for EIB loans outside the EU.

    Sector(s)

    • Energy - Electricity, gas, steam and air conditioning supply

    Under ELM Guarantee

    This operation is covered by the ELM Guarantee.

    Proposed EIB finance (Approximate amount)

    USD 88 million (EUR 79 million)

    Total cost (Approximate amount)

    USD 160 million (EUR 142 million)

    Environmental aspects

    Several of the project components, if implemented inside the EU, would require an environmental impact assessment (EIA) according to the EU legislation. The EIB requires the promoter to conduct environmental and social assessments (ESIAs) for the whole multi-component programme. The implementation of an ESIA for the first part of the programme is being contracted with an international consultant.

    Procurement

    The EIB will require the promoter to ensure that implementation of the project will be done in accordance with the EIB's Guide to Procurement.

    Status

    Signed - 8/11/2015

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Jordan Energy