{"id":6272,"date":"2025-02-20T14:44:34","date_gmt":"2025-02-20T12:44:34","guid":{"rendered":"https:\/\/sahfy.net\/news\/?p=6272"},"modified":"2025-02-20T14:44:34","modified_gmt":"2025-02-20T12:44:34","slug":"ebrd-and-eu-strengthen-jordans-power-grid","status":"publish","type":"post","link":"https:\/\/sahfy.net\/news\/?p=6272&lang=en","title":{"rendered":"EBRD and EU strengthen Jordan\u2019s power grid"},"content":{"rendered":"

The European Bank for Reconstruction and Development (EBRD) and the\u00a0European Union (EU)<\/a>\u00a0are stepping up their support for\u00a0Jordan<\/a>\u2019s energy sector by providing a \u20ac67.1 million financing package to\u00a0the<\/a>\u00a0country\u2019s\u00a0National Electric Power Company (NEPCO)<\/a>.<\/u><\/u><\/p>\n

This financing package consists of a sovereign-guaranteed EBRD loan of up to US$ 56.5 million (equivalent to\u00a0\u20ac54.7 million), plus an EU investment grant of up to \u20ac12.4 million. These funds will finance the construction of a new high-voltage electricity substation in northern Jordan in order to improve the grid\u2019s capacity, enabling it to handle existing and new generation in the north of the country.\u00a0In addition to the new substation, four new overhead transmission lines will be constructed: two 400 kV lines providing connections to\u00a0the existing Samra and Amman West substations, and two 132 kV lines connected to the Hasan Industrial and Jerash substations.<\/p>\n

As Jordan pursues its ambitious renewable energy targets for 2030, the strengthening of transmission infrastructure is crucial to support the growing share of renewables. This new substation will not only improve the grid\u2019s ability to handle additional generation capacity, but also facilitate cross-border interconnections, as well as reduce transmission losses by optimising power flows across the national grid.<\/p>\n

The financing will be complemented by a comprehensive technical cooperation package, which will provide access to high-quality vocational training for men and women who want to work as electrical technicians, equipping them with market-relevant digital skills and energy efficiency competences. An EU-funded technical cooperation grant of \u20ac2.2 million will also be provided with a view to appointing a project implementation consultant for NEPCO.<\/p>\n

The EBRD\u2019s Head of the Eastern Mediterranean, Gretchen Biery, said: \u201cWe are proud to support NEPCO, in collaboration with the European Union, in developing vital transmission infrastructure that strengthens Jordan\u2019s power sector. This project enhances regional interconnectivity and supports the country\u2019s green transition, in line with its Economic Modernisation Vision.\u201d<\/p>\n

The EU\u2019s Ambassador to Jordan, Pierre-Christophe Chatzisavas, said: \u201cJordan can count on the European Union as it advances its green transition. By connecting renewable energy projects, this new infrastructure will not only help Jordan to address domestic needs, but also open additional avenues for regional cooperation.\u201d<\/p>\n

NEPCO\u2019s Managing Director, Sufian Al-Bataineh, said: \u201cWe welcome the support of the EBRD and the EU in enhancing transmission infrastructure, in line with Jordan\u2019s Economic Modernisation Vision to build a more resilient and sustainable power sector. This project will strengthen regional interconnectivity and advance the green transition. We look forward to continued collaboration to boost economic growth, energy security and sustainability.\u201d<\/p>\n

NEPCO is a state-owned public company. It is the owner and operator of Jordan\u2019s transmission system, as well as the single buyer of electricity.<\/p>\n

Since the start of its operations in Jordan in 2012, the EBRD has invested almost \u20ac2.3 billion across 74 projects, providing more than \u20ac815 million to projects in the country\u2019s energy sector through 14\u00a0loans.<\/p>\n","protected":false},"excerpt":{"rendered":"

The European Bank for Reconstruction and Development (EBRD) and the\u00a0European Union (EU)\u00a0are stepping up their support for\u00a0Jordan\u2019s energy sector by providing a \u20ac67.1 million financing package to\u00a0the\u00a0country\u2019s\u00a0National Electric Power Company (NEPCO). This financing package consists of a sovereign-guaranteed EBRD loan of up to US$ 56.5 million (equivalent to\u00a0\u20ac54.7 million), plus an EU investment grant of […]<\/p>\n","protected":false},"author":3,"featured_media":6273,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[91,39,168,59,130,43,87,15],"tags":[1708,12236,12240,10942,3324,2038,12238,2634],"class_list":["post-6272","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-arab-countries-en","category-business-economy-en","category-country","category-energy-en","category-featured-en","category-finance-investment-en","category-gcc-en","category-press-releases","tag-energy","tag-energy-efficiency","tag-energy-financing","tag-european-bank-for-reconstruction-and-development","tag-european-union","tag-jordan","tag-national-electric-power-company-of-jordan","tag-renewable-energy"],"yoast_head":"\nEBRD and EU strengthen Jordan\u2019s power grid - sahfy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sahfy.net\/news\/?p=6272&lang=en\" \/>\n<meta property=\"og:locale\" content=\"ar_AR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EBRD and EU strengthen Jordan\u2019s power grid - sahfy\" \/>\n<meta property=\"og:description\" content=\"The European Bank for Reconstruction and Development (EBRD) and the\u00a0European Union (EU)\u00a0are stepping up their support for\u00a0Jordan\u2019s energy sector by providing a \u20ac67.1 million financing package to\u00a0the\u00a0country\u2019s\u00a0National Electric Power Company (NEPCO). 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