EBRD approves $28 million for renewable energy projects


19-10-2024 12:57 PM

Ammon News - The European Bank for Reconstruction and Development (EBRD) has approved a $28.25 million loan to the National Electric Power Company (NEPCO) to improve the network's capacity to accommodate existing and new renewable energy projects.

The project is expected to be co-financed with an investment grant available from other partners, which will contribute to financing the total project costs of $35 million, according to data from the bank reported by Al-Mamlaka.

The National Electric Control Company is set to utilize the continues of the bank's advance to back a few overhead transmission lines that interface a unused 400/132 kV substation in Al-Rehab to substations in Samra 400 kV, West Amman 400 kV, Al-Hassan Mechanical Zone 132 kV and Jerash 132 kV.

The project will offer assistance make strides the capacity of existing and arranged renewable vitality ventures, increment transmission flexibility, fortify the high-voltage power framework within the northeast of the nation; and encourage the grid's association to neighboring nations.

It will moreover diminish transmission misfortunes by making strides the stream of vitality inside the national network, driving to encourage outflows diminishments, and improve human capital improvement in green vitality by presenting an unused preparing program for the NEPCO's Electrical Training Center to reply to market needs for computerized abilities and vitality proficiency competencies.




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