PROJECT

Projects

Summary of Investment Information

Project Number

35474

Company Name

ARABIA ONE FOR CLEAN ENERGY INVESTMENTS

Date SPI Disclosed

Jul 7, 2014

Country

Jordan

Region

Middle East

Projected Board Date

Aug 8, 2014

Environmental Category

B - Limited

Status

Active

Last Updated Date

Nov 30, 2016

Department

Gbl Infrastructure & Natural Resources

Industry

Infrastructure

Previous Events

Approved : Sep 28, 2014
Signed : Oct 1, 2014
Invested : Jun 18, 2015

Sector

Solar - Renewable Energy Generation

Project Description

Arabia One is a 10 MW solar PV power plant located in the Ma’an Development Area (“MDA”), South of the capital Amman, Jordan, with an estimated project cost of US$30 million (“the Project”). All output generated by the Project will connect to a newly built substation in MDA and will be sold to Jordan’s National Electric Power Company (“NEPCO”) under a 20-year Power Purchase Agreement (“PPA”). The Project is part of the GoJ’s Renewable Energy Program, which aims to increase renewable energy contribution to 10% of the country’s generation mix by 2020.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation