Jordan has awarded a total of 200 megawatts (MW) to project developers, including a 52.5MW solar photovoltaic project, as part of its first renewable energy tender, according to a report.
The power purchased agreement for the 52.5MW Shams Ma’an project was signed between the project developers and the National Electric Power Company (Nepco) of Jordan, said the Amman News Daily report.
The project will sell electricity at a tariff of $0.148 per kWh; other solar power projects will sell electricity at $0.169 per kWh, it said.
The project will be jointly developed by Qatar’s Nebras Power, Diamond Generating Europe (a subsidiary of Mitsubishi Corporation), and Jordan’s Kawar Group.
Nebras and Diamond Generating will have 35 per cent stake each in the project, while Kawar Group will own 30 per cent stake in the project. The debt financing for the project will be provided by Nippon Export and Investment Insurance, Mizuho Bank, Japan for International Cooperation, and Standard Chartered Bank, said the report.
Apart from a total of 12 solar PV projects, two wind energy projects were also allocated through this first tender. The power purchase agreements for the wind projects have been signed at $0.12 per kWh, it added.