The Kuwait Fund for Arab Economic Development (KFAED) has revealed plans to provide US$154.6mn to finance a new wind power project in Jordan
The new plant, set to be located in Maan District, will have a capacity of around 65MW, using 30 wind turbines with individual capacities of between 2000MW and 3000MW.
The grant, according to KFAED, will cover all of the project costs including the installation of a step-up substation, eight kilometres of 132 overhead transmission lines, the expansion of the principle Maan sub-station and the construction of some 14km of access roads.
The scheme will be part of Jordan?s efforts to reduce its reliance on imported fossil fuel supplies.
The scope of the project will also encompass consultancy services for preparatory works, pre-qualification of contractors and project supervision.
KFAED has also supported projects in Lebanon and Bahrain in recent months ? including a US$85mn loan to finance upgrade works in Lebanon and a US$250mn contribution to help support an upgrade of Bahrain?s electricity network.
