Jordan Wind Farm Deals Concluded, Shale Still Awaiting Chinese Go-Ahead

Jordan concluded a bumper year for renewables in 2016 with a turbines order and financial close for Kepco’s Fujeij wind farm. However, its first oil-shale fired plant awaits Chinese state funding.

Korea’s state firm Kepco has ordered 27 wind turbines rated at 3.3MW capacity from Denmark’s Vestas, for installation at the 89.1MW Fujeij wind farm to be built 150km south of Amman. Kepco has also secured finance from Korean and Japanese institutions.

Vestas says turbine deliveries to Fujeij will begin in the fourth quarter of 2017, with commissioning starting in third quarter 2018. The total Fujeij cost was originally estimated at $510mn, including $180mn for construction and the remainder for electricity sales to utility Nepco over 20 years.

UK law firm Ashurst announced that the Fujeij project reached financial close in mid-December. Ashurst acted as advisor to the lenders – export credit agency Export Import Bank of Korea (K-Exim) and Japanese commercial funders Mizuho Bank and Sumitomo Mitsui Banking Corporation (SMBC). (CONTINUED - 664 WORDS)

DATA INSIDE THIS ARTICLE

table Jordan Electricity Generation Capacity