Nebras Power expands its presence in Jordan's Power Sector
Nebras Power Q.P.S.C and Nebras Power Investment Management BV (NPIM) have announced that they have entered into a Sale and Purchase Agreement (SPA) to acquire the AES Corporation's (AES) interest in three Jordanian power projects together with Mitsui & Co., Ltd. Nebras currently owns a circa 24% in each of the 3 projects. Mitsui & Co., Ltd currently owns a 40% interest in each of the 3 projects. The closing of the acquisition is subject to obtaining approval from lenders to each of the project companies.
Upon closing, NPIM will be a majority shareholder and will have operational control on these plants, which have an aggregate capacity of more than 650 MW representing more than 14% of the current installed capacity in Jordan.
All power plants are located in Al-Manakher, 15 km east of Amman. IPP1 Power Plant and IPP4 Power Plant started commercial operations in August 2009 and July 2015 respectively. AM Solar Power Plant is expected to reach its commercial operational date in July 2019.
Country updates
-
-
January 28, 2019
15.5 MW solar photovoltaic project in Jordan reaches financial closure
Dubai, United Arab Emirates, Adenium Energy Capital, Ltd. has announce that its 15.6 MW Solar Photovoltaic Power Project in Rashadeya, Hashemite Kingdom of Jordan in cooperation and partnership w...
Read more -
November 27, 2018
Vestas secures EPC contract for the development of 52 MW wind project in Jordan
Vestas Wind Systems has won an engineering, procurement and construction (EPC) contract for the 52 MW wind project in Jordan. The project will be installed with 15 units of the V136-3.45 MW turbines...
Read more -
November 13, 2018
RAI Energy selected to develop a 50 MW photovoltaic project in Jordan
Jordan's Ministry of Energy & Mineral Resources (MEMR) has selected RAI Energy International to develop a 50 MW project in Jordan as part of MEMR's Initial Ranking for the Qualified B...
Read more -
November 09, 2018
IFC arranges US$71 million financing for 50 MW wind project in Jordan
The International Finance Corporation (IFC), a member of the World Bank Group, is providing a US$71 million financing package to fund the construction of the new Daehan Wind Power Plant in Jordan.&nbs...
Read more -
November 06, 2018
IFC arranges financing for 50 MW wind project in Jordan
IFC, a member of the World Bank Group, has arranged a pioneering financing package of up to US$80 million to fund the construction of a new wind power plant in Jordan, near the town of Tafila, the lat...
Read more
