Korea's KEPCO opens 89-MW wind park in Jordan

The European Bank for Reconstruction and Development (EBRD) granting loan to Jordan’s (NEPCO) for green projects

October 17 (Renewables Now) - Korea Electric Power Co (KRX:015760), or KEPCO, on Tuesday inaugurated the 89.1-MW Fujeij wind farm in Hussania, Jordan.

The particular wind park was built about 150 km (93.2 miles) south of Amman after KEPCO won the project in a competitive bidding process held in 2013 and achieved financial close in late 2016. The company said on Wednesday that it invested a total of USD 181 million (EUR 163.3m) in the wind farm.

The facility, comprised of 27 Vestas turbines, has a 20-year power purchase agreement (PPA) with the Kingdom’s National Electric Power Company (NEPCO).

While the company also has a combined cycle gas turbine plant and a diesel power facility in Jordan, this is its first wind farm in the country. With a combined capacity of 1,035 MW, KEPCO now accounts for about 20% of the country’s total generation, according to the announcement.

(USD 1.0 = EUR 0.902)

Join Renewables Now's free daily newsletter now!

More stories to explore
Share this story
Tags
 
About the author
Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription
\