IFC backs Jordan solar project with $188m finance

A solar power project expected to be the largest to date in Jordan has received financing of up to $188 million (£133m). IFC, a member of the World Bank, is supporting the 248MW Baynouna facility developed by Masdar, Abu Dhabi Future Energy Company. The solar plant is expected to generate enough electricity to power around […]

Jordan assesses nuclear reactor for potential deployment

The Jordan Atomic Energy Commission (JAEC) is assessing an advanced nuclear reactor and its potential for deployment in the country. It has signed a Memorandum of Understanding for evaluating X-energy’s ‘Xe-100’ reactor, which uses factory-produced components and is said to require less time to build. Dr Khaled Toukan, JAEC Chairman said: “The HTR’s [High Temperature […]

Cash boost for Jordanian gas-fired plant

A combined cycle gas plant in Jordan has received a $290 million (£232m) boost. Two members of the World Bank, International Finance Corporation and Multilateral Investment Guarantee Agency, are backing the design, construction and operation of the 485MW plant. It is expected to generate enough electricity for 620,000 individual residential customers annually and add about […]

Jordanian solar array secures $71m loan

A new solar array in Jordan has secured $71 million (£58.15m) in loans. Global solar developer Fotowatio Renewable Ventures (FRV) will use the money to develop its 67MW Empire project. The European Bank for Reconstruction and Development (EBRD) and finance group Société de Promotion et de Participation pour la Coopération Economique (PROPARCO) are to provide the funds. The installation is one of four projects being […]

EU supports Jordan’s energy sector with €72m loan

The EU bank has approved a loan worth €72 million (£51m) to support the energy sector in Jordan. It will finance the nation’s NEPCO Green Corridor programme, which was established to reinforce the nation’s electricity network for integration of more renewable capacity and boost reliable supply. The project is also expected to contribute to reducing […]

Jordan’s energy and water sectors bag $250m

The World Bank has approved a $250 million (£162m) financial package to support Jordan’s energy and water sectors. The nation’s policy programme includes a gradual reform of electricity and water subsidies, diversifying fuel sources for sustainable power generation and increasing efficiency in both sectors. Jordan has seen frequent natural gas interruptions from Egypt since 2011, […]

Farmhouse hopes for eggs-cellent fuel savings

A farmhouse in Jordan is hoping to reduce its fuel usage for heating by at least 20% as a result of energy efficiency upgrades. Poultry producer Al Jazeera is installing high-efficiency heating systems which is expected to reduce the use of diesel as well as its operating costs. The company is being supported by the […]

$13m to turn Jordan’s rubbish to renewables

A $13 million (£8.2m) loan will help convert waste to generate electricity in Jordan. The cash will be used to install a landfill gas (LFG) recovery system which is claimed to be the first of its kind in Jordan. The technology will generate electricity for the national grid, replacing fossil fuel generation. The European Bank for Reconstruction and Development […]

Jordan gets $25m for solar power plant

A London-based bank is providing a $25 million (£15.4m) loan for the construction of a 20MW solar power plant in Jordan. The project – being developed by SunEdison – is expected to help address the nation’s energy shortages as it imports more than 97% of the energy it consumes. Nandita Parshad, Director for Power and […]

Jordan loan to help “acute” energy shortage

Jordan has bagged a $3 million (£1.8m) loan to tackle its acute energy shortage by improving the efficiency of its water sector. The Middle Eastern nation which stretches along the Dead Sea has a population of 3.18 million (2012) and depends on imports for most of its power. It could meet only 3% of its […]