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Jordan Awards Contracts for Two 50-MW Wind Projects

Wednesday, Apr 06, 2016
Jordan Awards Contracts for Two 50-MW Wind Projects

Jordan has awarded two power purchase agreements (PPAs) for the development of two 50MW wind power projects, a report said.

Korea Southern Power and Daelim Energy will build the first wind park for a total cost of about $110 million, reported SeeNews, citing Jordan Times.

The project finance will be sought from the International Finance Corporation (IFC) and the Islamic Development Bank, a top official at Daelim Energy, was quoted as saying.

Construction work is likely to begin next year with the aim of generating power by 2019.

The other 50-MW project, also at an investment of $100 million, will be established by Abour Energy, a subsidiary of Saudi Arabia’s Xenel Industries, the report said.

 

Source : tradearabia.com

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