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Jordan’s powergen capacity has risen by 21% this year. It has committed to a second large wind farm as it seeks to reduce reliance on imported oil and gas as generation fuels. Next capacity online will be solar.
Jordan’s Ministry of Energy and Mineral Resources has signed an agreement with South Korean state firm Kepco for the development of an 89.1MW wind farm at Fujeij, 150km south of Amman. The plant will be developed under a build-own-operate contract, with power to be sold to state utility Nepco.
The total value of the agreement is $510mn, which includes the $180mn cost of building the wind farm plus the sale of electricity to Nepco over a period of 20 years. Kepco says that the wind farm will receive project finance from the Export-Import Bank of Korea (K-Exim). (CONTINUED - 714 WORDS)
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