Jordan Wind Power Project Poised to Start Construction

Jordan Wind Project Co. said construction on its 117-megawatt wind power plant will start in the next few weeks.

It awarded a contract to Vestas Wind Systems A/S to install turbines for the project, Samer Judeh, chairman of the company, said by phone. The $292 million wind farm will start supplying power to the grid as of September 2015, Judeh said.

“This power plant will be the first operational wind plant not only in Jordan but also in the Middle East,” he said.

Jordan Wind is a venture between InfraMed with 50 percent, Masdar Abu Dhabi Future Energy Co. with 31 percent and EP Global Energy with 19 percent, he said.

They invested $65 million in the project. The rest was funded by loans from International Finance Corp., the European Investment Bank, Eksport Kredit Fonden, OPEC Fund for International Development, the Dutch development bank known as FMO, the Europe Arab Bank and the Capital Bank of Jordan, he said.

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