| Support Sponsor
AES Jordan PSC
Introduction The Amman East Power Project is a 370MW combined cycle power plant (CCGT) located 30km east of Amman. The Project is built, owned and will be operated (BOO) by AES Jordan PSC, a company owned by a consortium of AES Oasis Ltd. (subsidiary of AES Corporation) and Mitsui &Co. Ltd. The Amman Ease power project is the first Independent Power Producer (IPP) in Jordan.
The project has opened a new investment window in Jordan through joint venture participation of large investors from USA and Japan namely AES Corporation and Mitsui & Co. Ltd.
The Project The Amman East Power Plant facility is a gas/oil-fired combined cycle, electric generation plant of 370MW (net) consisting of 2X123.4 MW Ansaldo V94.2 Gas Turbines, 1X139 MW Fuji Steam Turbine, and 2XHeat Recovery Steam Generators.
The Amman East Power Plant Facility is designed with the most recent state of the art technology for new power plants emphasizing the need of high operating reliability and affiance and lowest possible emissions and other environmental aspects.
In Jordan, the Amman East Power Project has introduced financing through participation of multilateral lenders OPIC and JBIC jointly, with commercial lenders SMBC under the IBRD risk guarantee. The success of the financing in Amman East Project is considered as one of the important milestones of foreign investment and multilateral financing in Jordan. Amman East Power Project is the first and at the time of finical close was the largest foreign investment power generation project in the kingdom and is completed a cost of approximately 300 million US dollars in August 2009.
AES Jordan PSC will operate and maintain the power plant facility on a build, own and operate (BOO) basis for the next 25 years.
Project Contributions The Amman East Power Project currently generates approximately 18% of the total Electricity demand in the country ever since July 2008, on completion of the second phases in August 2009.
The Project Provides low priced electricity to the Government of Jordan (GOJ) that has enabled the GOJ to reduce the effective electricity generation cost substantially. Furthermore, the timing of completion of the Project has enabled National Electric Power Co. (NEPCo.) to meet the increasing demand of electricity at time when the real growth rate of Jordan has consistency improved over the past few years. The project has also facililated NEPCo. To export surplus power in neighboring countries which substantially supports the objective of the GOJ.
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