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