•  
  •  
  •  

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)

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