US$ 54 million to 60.3 MWp Mafraq solar power plant being developed by ACWA Power.
The European Bank for Reconstruction and Development (EBRD) is continuing its support for renewable energy in Jordan by providing a US$ 54 million A/B loan to The Local Company for Water and Solar Energy Projects PSC, a wholly-owned subsidiary of International Company for Water and Power Projects (ACWA Power), for the construction of the ACWA Power Mafraq Photovoltaic Independent Power Plant.
The financing comprises an A loan from the EBRD of US$ 27 million and a B loan of the same amount from the Netherlands Development Finance Company.
The 60.3 MW photovoltaic (PV) power plant will be located in the King Hussein Bin Talal development area of the Mafraq region in north Jordan.
Read the full article by Nibal Zgheib via EBRD web site.
[Photo by David Goehring | Flickr]