Middle Eastern Renewables Deal of the Year 2013: Tafila – Project Finance
Jordan is poor in natural resources and imports over 97% of its energy. Regime change in Egypt highlighted its dependence on Egyptian gas, which was disrupted following the explosion of a gas pipeline in Sinai in 2013.
EIB announces financing for the JWPC Wind farm in Jordan
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.
IFC announces Financial Close of the 117 MW Tafila Wind Farm in Jordan
IFC, a member of the World Bank Group, has finalized a $221 million debt package to support the development of a pioneering wind farm in Jordan, part of an effort boost the country’s supply of renewable energy and encourage economic development.
Jordan unveils first private sector wind solar projects
AMMAN — Energy Minister Alaa Batayneh on Wednesday unveiled plans for the country’s first private sector renewable energy projects as part of efforts to ease the Kingdom’s ongoing energy crunch. At a press conference Batayneh said the government launched talks with two private sector firms to establish a 10 megawatt (MW) solar plant in the […]
IFC disclosure of the Tafila Project commenced on 18th January 2013
The project consists of the construction, operation and maintenance of a 117 MW wind farm and associated facilities in the Tafila region of Jordan…
EPGE signs Financing Mandate with EIB
EPGE and its Jordan Project company JWPC, singed a Mandate with the European Investment Bank for the financing of its proposed 117 MW Tafila wind farm in Jordan. EIB will be participating as part of the lenders syndicate led by the IFC.
InfraMed invests in EPGE’s Jordan Wind Farm
InfraMed and EPGE have established a joint-venture special purpose vehicle (SPV) to develop and deliver the Jordanian wind project, the first and largest privately financed wind farm in the country.
EPGE announces results of Prequalification bids for Tafila Wind Farm
Pursuant to the Invitation for Prequalification posted 20/4/2012 in the Official Journal of the EU (2012/S 77-125767), and the ensuing prequalification applications received, Jordan Wind Renewable Energy, LLC is pleased to announce that the following Applicants have successfully pre-qualified…
IFC mandated on EPGE’s Jordan wind farm development
IFC has indicated interest in financing of the Tafila wind farm through a combination of debt and equity. A mandate letter to this effect has been signed with IFC dated January 10, 2012…