Summary of Early Disclosure
Project Number
38207
Company Name
MAHATAT AL ZARQA LE TAWLEED AL TAKAH AL KAHRABAIEYAH
Early Disclosure Date
Jun 17, 2016
Country
Jordan
Region
Middle East
Last Updated Date
Feb 26, 2017
Sector
Gas - Thermal Power Generation
Industry
Infrastructure
Department
Regional Industry INF MCT
Provisional Environmental and Social Category
A - Significant
Project Description
Please provide a general and brief description of the project.
The project consists of the design, construction, ownership and operation of a 485MW combined cycle gas fired power plant located in the Zarqa Industrial Zone, the Hashemite Kingdom of Jordan (the “Project”). The Project will replace one of the oldest and most inefficient power plants in Jordan (which is currently being decommissioned) with a more efficient power plant and should therefore help bridge the country’s anticipated power generation deficit while increasing the capacity and efficiency of the existing 30 year old power plant in a cost competitive way.
The proposed Project is expected to cost approx. US$475 million and will be financed by 75:25 debt to equity. The proposed IFC investment consists of an A-loan of up to US$75 million. IFC will also help to mobilize up to approx. US$200 million of debt.
The Project is being developed by ACWA Power, through its investment holding company Red Sea Energy. ACWA Power has engaged discussions for Kingdom Electricity Company (“KEC”) to join as a 33% shareholder in the project company on or close to financial closing.
ACWA Power and its E&S consulting company (5 Capitals) prepared the ESIA documents for submission to the Jordanian Ministry of Environment :
Hussein TPS Power Generation Project, Zarqa, Jordan, Environmental and Social Impact Assessment, Volume 1 – Non-Technical Summary, April 2016
Arabic version of the Volume 1
Hussein TPS Power Generation Project, Zarqa, Jordan, Environmental and Social Impact Assessment, Volume 2 – Main text, Table, Figures & Plates, April 2016
Hussein TPS Power Generation Project, Zarqa, Jordan, Environmental and Social Impact Assessment, Volume 3 – Outline Environmental & Social Management and Monitoring Plan, April 2016
Hussein TPS Power Generation Project, Zarqa, Jordan, Environmental and Social Impact Assessment, Volume 4 – Appendices, April 2016
IFC received this package of the ESIA from ACWA Power on April 26, 2016. After conducting the IFC’s E&S appraisal, IFC will disclose IFC’s Environmental and Social Review Summary at a later date.
The project consists of the design, construction, ownership and operation of a 485MW combined cycle gas fired power plant located in the Zarqa Industrial Zone, the Hashemite Kingdom of Jordan (the “Project”). The Project will replace one of the oldest and most inefficient power plants in Jordan (which is currently being decommissioned) with a more efficient power plant and should therefore help bridge the country’s anticipated power generation deficit while increasing the capacity and efficiency of the existing 30 year old power plant in a cost competitive way.
The proposed Project is expected to cost approx. US$475 million and will be financed by 75:25 debt to equity. The proposed IFC investment consists of an A-loan of up to US$75 million. IFC will also help to mobilize up to approx. US$200 million of debt.
The Project is being developed by ACWA Power, through its investment holding company Red Sea Energy. ACWA Power has engaged discussions for Kingdom Electricity Company (“KEC”) to join as a 33% shareholder in the project company on or close to financial closing.
ACWA Power and its E&S consulting company (5 Capitals) prepared the ESIA documents for submission to the Jordanian Ministry of Environment :
Hussein TPS Power Generation Project, Zarqa, Jordan, Environmental and Social Impact Assessment, Volume 1 – Non-Technical Summary, April 2016
Arabic version of the Volume 1
Hussein TPS Power Generation Project, Zarqa, Jordan, Environmental and Social Impact Assessment, Volume 2 – Main text, Table, Figures & Plates, April 2016
Hussein TPS Power Generation Project, Zarqa, Jordan, Environmental and Social Impact Assessment, Volume 3 – Outline Environmental & Social Management and Monitoring Plan, April 2016
Hussein TPS Power Generation Project, Zarqa, Jordan, Environmental and Social Impact Assessment, Volume 4 – Appendices, April 2016
IFC received this package of the ESIA from ACWA Power on April 26, 2016. After conducting the IFC’s E&S appraisal, IFC will disclose IFC’s Environmental and Social Review Summary at a later date.
