Power Purchase Agreement Jordan

Power Purchase Agreement Jordan

This is the third IPP project for Mitsui in Jordan (Mitsui and AES have already received grants in 2006 and 2012) and a total installed generation capacity of 700 MW will represent about 18% of the country`s installed capacity. Faced with an increase in electricity demand of 7% per year due to sustained economic growth, the Jordanian government has decided to promote the privatization of electrical energy in order to improve production capacity. A law on renewable energies, passed in 2012, also aims to develop some 1,600 MW of renewable energy by 2020. This project is tailored to local needs and Mitsui will continue to contribute to the stability of electricity demand and the development of clean energy in Jordan by participating in this project. Mitsui, as an IPP operator, has power generation facilities worldwide, develops and manages its energy activities and will further strengthen renewable energy initiatives such as wind power and solar power generation. With these measures, Mitsui will continue to develop new businesses that will proactively perform its functions in order to improve the quality of its portfolio and strengthen its profitability. NEPCO, Jordan`s state-owned power transmission company, will purchase the electricity produced from the fotowatios PV facility at 4.8949 JOD cents per Kwh ($0.067/kWh), the result of the second tender launched in May by Jordan. The 52 MW project will be located in Al Manakher, 25 km east of the Jordanian capital Amman, and will supply NEPCO with electricity for 20 years from the planned commissioning in 2019. Spain`s Fotowatio Renewable Ventures (FRV) and Jordan`s National Electric Power Company (NEPCO) on Sunday signed a 20-year Power Purchase Agreement (PPA) for a 50 MW photovoltaic facility to be built in Mafraq, about 80 km north of Jordan`s capital, Amman. Mitsui &Co., Ltd. (“Mitsui”, Headquarters: Tokyo, President and CEO: Tatsuo Yasunaga) and AES Jordan Solar B.V., a subsidiary of AES Corporation, one of the largest energy companies in the United States (“AES”), entered into a 20-year power purchase agreement (“PPA”) with the National Electric Power Company (“NEPCO”) of the Hashemite Kingdom of Jordan on April 26, through a co-founded project company.

2017. The total cost of the project is approximately $50 million and the project company is indirectly 40% owned by Mitsui and 60% by AES. Jordan`s PHOTOVOLTAIC sector also benefits from an active net-metering segment, with large electricity consumers (e.g.B. universities) rushing to install large photovoltaic roofing installations. However, there are concerns about what the PV sector can expect after the installation of the projects launched in these first and second rounds. A third tender for the installation of an additional 200 MW of photovoltaic capacity has been cancelled and the only large-scale tender that is confident is in Quweira, where a 65 MW to 75 MW installation is being prepared, for which the government has announced that it has already secured the country. The quweira tender was significantly delayed from the Ministry`s original schedule; the first bids were submitted a year ago. These contents are protected by copyright and must not be reused. If you would like to work with us and reuse some of our content, please contact: editors@pv-magazine.com. You can revoke this consent at any time with effect for the future, by immediately deleting your personal data.

Otherwise, your data will be deleted if pv magazine has processed your request or if the purpose of data storage is achieved. One of the first winners of the first tender was Greece`s relatively unknown company GI Karnomourakis SunRise PV Systems, which accepted a price of 4.3441 JOD cents per kWh (USD 0.06/kWh) for redemption remuneration (FIT).

/ Uncategorized

Share the Post

Comments

Comments are closed.