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    Reference: 20110433
    Release date: 13 November 2012

    Promoter – Financial Intermediary

    Jordan Wind Project Company PSC

    Location

    Description

    The project comprises the construction and operation of a greenfield wind farm Independent Power Producer (IPP) to produce 117 MW electricity in Jordan. The wind farm will be located in the Tafila Governorate of Jordan, in an area east of the town of Ghurandil and north of the Lafarge Rashidiya cement plant. The electricity generated will be sold to the National Electricity Power Company (NEPCO).

    Objectives

    The project will contribute to Jordan's development objective in the energy sector aiming to increase both electricity production and the share of renewable energy in its electricity generation portfolio. It will contribute to climate change mitigation, thereby displacing fossil fuel-based generation and avoiding greenhouse gas emissions. The project also fulfils the government's objective of increasing the participation of the private sector in energy generation.

    Comments

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

    Sector(s)

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

    Proposed EIB finance (Approximate amount)

    EUR 53 million

    Total cost (Approximate amount)

    EUR 213 million

    Environmental aspects

    The project (including the wind farm connection to the grid) is undergoing an Environmental Impact Assessment (EIA) according to the local legislation which will also include public consultation. No resettlement of local population is envisaged. The project site is located less than 5 km away from the Dana Biosphere Reserve's Eastern border and overlaps with an Important Bird Area. Detailed biodiversity surveys to assess the potential impact on these protected areas and species should be concluded by the end of the year. Compliance with the principles of the EU EIA Directive and the EU Habitats and Birds Directive shall be verified during the appraisal.

    Procurement

    The promoter has followed a public procurement process for a turn-key Design-Build-Operate-Maintain (DBOM) contract for the wind farm in line with the Bank's procurement guidelines. Contract award and signature is expected for end 2012.

    Status

    Signed - 27/11/2013

    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