The first large-scale renewable energy IPP in Jordan, the JWPC Tafila Wind Farm, is receiving strong European, regional and international support of USD 220 million, representing almost 77 per cent of the total cost of the project.
Within the framework of the Collaboration Agreement between the International Finance Cooperation (IFC) and the European Investment Bank (EIB), the financial contracts were signed today by all the parties concerned: Jordan Wind Project Company PSC (JWPC) – the project company incorporated in Jordan by the sponsors’ group, comprising the Euro-Mediterranean fund InfraMed, Masdar of Abu Dhabi and EP Global Energy Ltd of Cyprus (EPGE); and a consortium of lenders comprising the IFC, the EIB, the Eksport Kredit Fonden (EKF), the OPEC Fund for International Development (OFID), FMO, and Europe Arab Bank (EAB).