Project Finance for Photovoltaic Power Generation Project
Supporting the participation of a Japanese company in a solar power generation project

  • Area: The Middle East
  • Environment
  • [Project Finance]

JBIC concluded a project finance loan agreement with Jordan-based Shams Ma'an Power Generation PSC (Shams Ma'an) for a photovoltaic power generation project, in the presence of Japanese Prime Minister Shinzo Abe and Jordanian Prime Minister and Minister of Defense Abdalla Ensour. The project involves Shams Ma'an, invested by Mitsubishi Corporation to construct and operate a solar power plant in Ma'an Governorate, Jordan, and to sell the electricity to the National Electric Power Company in Jordan for 20 years. Demand for electricity in Jordan is growing on average 7% per year due to the country's economic growth, and increasing power generation capacity has become an urgent issue. Jordan is also moving forward with the development of renewable energy, including solar power, and this project is in line with the Jordanian government's policy.
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