Promotion of a Wind Power Market
Project Summary
The main objective of this IPP Wind Power project is to help create a sustainable wind power market in Jordan in order to increase the supply of electricity in an environmentally sustainable way by overcoming barriers to windfarm development such as higher generation cost from windfarms, lack of a legal and regulatory framework for windfarm development, lack of institutional capacity, and inadequate information on wind resources. The project would foster private sector development through the involvement of independent power producers and address the following sector issues: (i) heavy reliance on fossil fuels, especially heavy fuel oil with high sulphur content; (ii) inadequate financing of power infrastructure and barriers to private investment. This project will seek GEF funding to meet the incremental cost of promoting a renewable energy technology , in addition to addressing barriers and providing technical assistance.
Project Details
| GEF Project ID | 2555 |
| Project Type | Full-size Project |
| Status | Completed |
| Country | Jordan |
| Region | |
| Focal Areas | |
| Funding Source | GEF Trust Fund |
| Implementing Agencies | The World Bank |
| Executing Agencies | Ministry of Energy and Mineral Resources (MEMR); National Electric Power Corporation (NEPCO) |
| GEF Period: | GEF - 3 |
| Approval Fiscal Year: | 2007 |
Financials
| Project Preparation Grant Amount | 350,000 USD |
| GEF Project Grant | 6,000,000 USD |
| Co-financing Total | 135,900,000 USD |
| GEF Agency Fees | 571,500 USD |
| Total Cost | 142,250,000.00 USD |
