Jordan signs PPAs for 100 MW wind projects

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Jordan signs PPAs for 100 MW wind projects

The Government of Jordan has recently signed power purchase agreements (PPAs) for two wind power plants with a total capacity of 100 MW. The plants are scheduled to be connected to the grid by 2019.

The first 50 MW wind farm will be build in Tafileh in southern Jordan, located 183 kilometers southwest of Amman. The wind farm will be developed by Korea Southern Power Company Ltd, a Busan-based subsidiary of Korea Electric Power Corporation, and Daelim Energy Company Ltd, a subsidiary of Daelim Industrial Ltd.

The total project investment is estimated at US$110 million. The construction of the wind plant is scheduled to start in 2017. It is expected to be completed by 2019.

According to local sources, the International Finance Corporation (IFC) and the Islamic Development Bank (IDB) would act as project lenders.

Cheol Kim, senior manager of the renewable development team at Daelim Energy Company, said:

“We chose to invest in Jordan due to its strategic location, and the wind speed in [the Kingdom is] very suitable for wind plant. Korean companies have invested a lot in the energy sector in Jordan. We will borrow from the International Finance Corporation and the Islamic Development Bank to implement the project.”

The second 50 MW wind farm will be located in Tafileh. The plant will be developed by Abour Energy, a unit owned by Saudi Arabia’s Xenel Group.

The total project investment is estimated at more than US$100 million, and it will be financed through loans from the IFC and the IDB. The wind farm will begin construction in 2017, and it is expected to be completed by 2019.

The country seeks to have a total capacity of 1,600 MW of wind and solar energy by 2018. We have recently reported about several projects in Jordan:

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