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 Project Manager
Dimitrios Zevgolis |

Financials

Project Preparation Grant Amount
350,000 USD
GEF Project Grant
6,000,000 USD
Co-financing Total
82,600,000 USD
GEF Agency Fees
571,500 USD
Total Cost 88,950,000.00 USD

Project Timeline

Received by GEF
03 Jun 2004
Preparation Grant Approved
13 Jul 2004
Concept Approved
12 Jun 2006
Project Approved for Implementation
03 Jun 2008
Project closed
30 Jun 2015