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Detail of GEF Project #2555
| GEF Project ID | 2555 |
| IBRD PO ID | 93201 |
| Funding Source | GEF Trust Fund |
| Project Name | Promotion of a Wind Power Market |
| Country | Jordan |
| Region | Asia and the Pacific |
| Focal Area | Climate Change |
| Operational Program | 6 |
| Pipeline Entry Date | 2004-07-13 |
| PDF-B Approval Date | 2004-07-13 |
| Approval Date | 2006-08-01 |
| CEO Endorsement Date | 2008-06-03 |
| GEF Agency Approval Date | 2008-06-26 |
| Project Status | Under Implementation |
| Executing Agency | Ministry of Energy and Mineral Resources (MEMR); National Electric Power Corporation (NEPCO) |
| Description | 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. |
| PDF B Amount | 350,000 USD |
| GEF Project Grant | 6,000,000 USD |
| GEF Grant | 6,350,000 USD |
| Cofinancing Total | 82,600,000 USD |
| Project Cost | 88,950,000 USD |
| GEF Agency Fees | 571,500 USD |
| GEF Project (CEO Endo.) | 6,000,000 USD |
| Cofinancing Total (CEO Endo.) | 135,900,000 USD |
| Project Cost (CEO Endo.) | 142,250,000 USD |
| Project Documents |
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