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Acwa inks power purchase deal with Jordan firm

MUSCAT, January 19, 2016

Saudi Arabia-based Acwa Power has signed a 25-year power purchase agreement with Jordan’s National Electric Power Company (Nepco) for the 485 mw Hussein CCGT independent power project, a report said.

The project, located in Zarqa industrial area, has a total investment cost of $460 million and uses GE Energy’s 9E turbines and runs on natural gas as the primary fuel, and light diesel oil as the secondary fuel, added the Times of Oman report.

Shandong Electric Power Construction Corporation III will be the engineering, procurement and construction (EPC) contractor for the project, while Central Electricity Generating Company of Jordan will undertake operations and maintenance.

“We are proud to have offered an extremely competitive solution to Nepco with a tariff that is among the lowest witnessed in Jordan’s conventional power sector in the last decade,” said Rajit Nanda, chief investment officer of Acwa Power, was quoted as saying in the report.

“This transaction is yet another example where we could successfully push the envelope in order to offer the best value for money solution to our offtakers,” he added.




Tags: Acwa |

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